Dolphins Owner: Sell Team In Case Obama Elected

Miami Dolphins owner Wayne Huizenga is looking to sell the Dolphins organization before a possible Obama presidency. Huizenga is the mastermind behind blockbuster and a multimillionaire who is well respected in the Miami community and gives donation after donation to charity. 

Why does Huizenga want to sell the Dolphins?  Let's take a look.

Obama's plan is not only to increase taxes on those who make $200,000 or more, which was previously stated as $250,000 and has recently been stated as $150,000, but it is also to double the capital gains tax, dividend taxes, and payroll taxes. 

From a purely financial standpoint, it makes sense for Huizenga to dump the Dolphins.

On the surface, it appears that another millionaire is trying to avoid millions more in taxes, but the selling of the Dolphins goes deeper. Obama's tax plan will hurt the economy and the average person who pays to see professional sports teams.

While I personally disagree with the high prices of entertainment or the high salaries paid to athletes and actors who don't contribute to society, the taxes laid by an Obama administration prevent many people from attending those entertainment events.

The Dolphins organization won't see the same profits it's seen of late. Huizenga knows this as much as he knows that selling the Dolphins during an Obama administration will hurt him substantially, too.

When retirements are affected, when people who would come to the games are affected, when the economy continues to fold, capitalism fails to prosper and entertainment is the first to feel the crunch. 

Economists will tell you that raising taxes is the worst thing to do when the economy is as fragile as it currently is. 

Wayne Huizenga once was a small business owner, someone who read the economy, found a need, and created a business that answered that need. While South Florida is a traditionally Democrat, Huizenga is a Republican who is respected in the community and never voiced his opinions.

Now, however, Huizenga is speaking up. He sees the writing on the wall. There's trouble on the horizon if Obama is elected.  He's doing the wise thing, the practical thing. The Miami owner is selling the Dolphins.