Comments by "" (@jmitterii2) on "Hosting the Olympics is Broken. Let's Fix It." video.

  1. The games should pay for themselves, not tax money. Flat out. Tax money needs to be to the public good, infrastructure, healthcare, housing, education, utilities, etc. Entertainment is among the items that include luxury goods, and even most basic goods foods, clothing, containers, electronics that can use non-tax revenue sources. I make a small exception for farming to ensure stability in raw food inputs. Entertainment like these other goods are not natural monopolies like utilities, do not have inelastic demand curve like healthcare and education and roads and rents and house/condo prices. So stop supporting subsidies for stadiums for games using tax and other governmental based revenues. It's pure idiotic as having a bloated military you don't need, or subsidizing already profitable enterprises. And I wouldn't do Rio because quite literally the buildings weren't quite finished when the Olympics started: already in neglect, and it damn near bankrupted the budget. They're in even worse shape today. It wouldn't do the stimulus your hoping. Rather a resource drain. Money would be better directed toward improvement in housing, education, utilities, infrastructure, etc. again directly. Not for the motive for putting on a game every 4 years. It's throwing a mountain of money at a problem and hoping a few currency notes will go to where it's needed. It's absurd. So to solve the problem: the locations and the source of revenue must be obtained first by private non-governmental entities. If games have to be smaller scale, so be it. That's what's actually affordable. Perhaps if you want a show of world solidarity and peace put together a Golden Era Refurbish campaign in which the most needed country all nations including some government money and investor money goes into these nations to provide funds for such items: Schools, sewers, power systems, update mass transit and new transit, roads, ports, etc. fully funded so not to leave the nation with a mountain of debt. And a big firework and small mini Olympic like celebration at the beginning and end of the event. At least the effects would be well worth it for everyone instead of entertainment for the drooling idiot fool masses and ego stroking for the aristocracy.
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