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Ouch!

December 10, 2015

Yep… I think we should rename it the Screw-Me State.

Nick Gillespie at Reason writes about a report in the St. Louis Post-Dispatch.

Show-Me State Suckers Shell Out Super-Subsidies For NFL Rams

Let’s say you want to build a new house for yourself. Otherwise, you tell your neighbors and your city council, you’ll leave town, taking your money, tax payments, jobs, and prestige elsewhere.

What are the odds that legislators will cover at least 40 percent of your new house’s costs?

And maybe throw another 15 percent your way too on naming rights to your deluxe manor and also let you collect all revenue from nights when you rent out the house to strangers for parties or other accomodations?

The odds are pretty low in most cities in America.

But if you own the NFL’s Rams (who started out in Cleveland before heading to Los Angeles and then to St. Louis), you’re in luck. Despite generally sucking—the Rams won two NFL titles back in the old days and just one Super Bowl, in 1999—St. Louis and the entire state of Missouri is so desperate to keep the team that they are ponying up at least 40 percent of the $1 billion-plus cost of a new stadium. […]

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