Poor economy may help MMA
The U.S. is now 'officially" in a recession. What genius just figured that out? There is very little good that can come out of these desperate times but I try to stay positive and search for any potential silver lining in all of this misery. Maybe I found a little something to smile about.
People are hurting...no doubt that...but so are the state coffers. With more people out of work and foreclosures skyrocketing (so less property tax being paid), it all means far less tax revenue for state governments. Alaska with its oil revenues and small population is one of the few states that are not singing the blues.
So now states like New York, with its large population and even larger budget deficit, must find new and creative ways to refill its coffers. MMA is not looking quite so barbaric any more...is it?
Well at least the local economic stimulus package called 'the UFC in an arena near you' doesn't look so barbaric. New York legislators may be forced to seriously reconsider their opposition to MMA in light of their serious financial woes.
Equation: The state of New York (and several others) needs money and a lot of it. MMA shows, the UFC in particular, generates tax revenues and revenues for local vendors by the boat load. I am not an Ivy league economist nor did I stay in a Holiday Inn Express last night but I bet a whole lot of people in New York would if they only had a live high quality MMA event to attend.
They would also purchase food/beverages, gas, parking, public transportaion, event tickets (that the state taxes), T-shirts etc... All of which helps to maintain some hard working souls precious job.
People are hurting...no doubt that...but so are the state coffers. With more people out of work and foreclosures skyrocketing (so less property tax being paid), it all means far less tax revenue for state governments. Alaska with its oil revenues and small population is one of the few states that are not singing the blues.
So now states like New York, with its large population and even larger budget deficit, must find new and creative ways to refill its coffers. MMA is not looking quite so barbaric any more...is it?
Well at least the local economic stimulus package called 'the UFC in an arena near you' doesn't look so barbaric. New York legislators may be forced to seriously reconsider their opposition to MMA in light of their serious financial woes.
Equation: The state of New York (and several others) needs money and a lot of it. MMA shows, the UFC in particular, generates tax revenues and revenues for local vendors by the boat load. I am not an Ivy league economist nor did I stay in a Holiday Inn Express last night but I bet a whole lot of people in New York would if they only had a live high quality MMA event to attend.
They would also purchase food/beverages, gas, parking, public transportaion, event tickets (that the state taxes), T-shirts etc... All of which helps to maintain some hard working souls precious job.
Hey Doc,
Another insightful entry. I think it's a good point - and not only will it stimulate the economy directly by processing hundreds of thousands of dollars worth of ticket, food and beverage, and merch sales, but there's also a good chance that getting people's minds off of the economy for a night or two could be a big help to convincing them to get back to the grind and help pull their communities, states, and nation out of the recession.
Cheers,
SP
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