Tag Archives: Corporate Welfare

ENDNOTE: Crony Capitalism — Nashville style



Corporate Welfare in Nashville
Thomas DiLorenzo
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I read that the city government of Nashville gave the NFL $3 million as part of the deal to hold the NFL draft there.  It’s probably a lot more when one counts all the police overtime, thousands of portable toilets, public works cleanup after 300,000 drunken football fans, etc.  Among the major beneficiaries of these handouts, besides the NFL billionaire team owners, appear to be the wealthy country music stars who own bars and restaurants on Music Row where more than 100,000 extra customers per day gathered for the better part of a week.  Blake Shelton, Dierkes Bentley, Luke Bryan, and others all own big restaurants and bars there. 

Much of that $3 million ended up in their bank accounts as a result of a quadrupling or more of their weekend business.  The taxpaying residents, on the other hand, were screwed with impossible traffic and crowds everywhere, noise, trash galore, jacked-up prices at bars and restaurants, etc. 

This seems to be the modus operandi of towns that are “tourist destinations”:  The purpose of local government there is not to “serve the public” but to make more money for the bar and restaurant owners there who in turn finance the political careers of the political hacks on the city council and the mayor’s office.

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So why don’t the NFL owners and the local business folks pay for their parties?

Why always does the taxpayer get screwed?

When will “We, The Sheeple” wake up to the rip off?


Answers:  (1) They don’t have to.  (2) The Taxpayer is the “wallet at the end of the rainbow”.  (3) Never!

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ENDNOTE: Politicians’ “smart investments.”


EXCLUSIVE PHOTO: Nancy Pelosi: Livin’ La Vida 1%
by Mike Flynn

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I believe Leader Pelosi on this. I think she really has dedicated her life to the 99% and 1%. Its just that her focus has been on using advocacy for the 99% to get into the 1%. And it seems to be working. In 2010, her last year as Speaker, her net worth exploded by 62%:

Pelosi’s drastic growth, from an initial $21.7 million in 2009, is attributed to recent stock gains and smart investments. Her husband reported raking in $1 million to $5 million last year from a sale of Apple stocks.

Funny how so many of these politicians make so many “smart investments.”

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Now, as a little L libertarian, I am all for EVERYONE working hard, doing good, and making millions. I’m for the freedom and liberty that “millions” can be denominated in whatever the individual deems important: Federal Reserve Note’s certificates of appreciation; units of recognition — Q rating like Donal Trump, the adulation of fame like Taylor Swift’s adoring teens tweens and fat old white guy injineers, or the teacher receiving the hugs of grateful students. Whatever floats your boat.

The politicians and bureaucrats, as well as all those who extract wealth corruptly from the process of Gooferment, seem to take advantage of their position.  Add that in to the Regulatory Capture of Wall Street. And, the Crony Capitalism and Corporate Welfare and you have the reason that those “smart investments” always seem to pay off.

Then, for the Speaker to “vacation” at a 10k$/day hotel while “supporting” “Occupy Wall Street” just puts a knot in my tummy. It’s OK for you to defraud us. Just don’t rub our noses in it.

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