Heavy Lifting - thoughts and web finds by an economist
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Tuesday, February 24, 2009
I am definitively against setting wages and prices, however as I am entering data for a paper I am updating it struck me the amount of money some athletes actually, and I mean actually, get paid.
For instance, I was entering monthly sales taxes for Huntsville, Texas in 2008:
The grand total? 6,123,707. That's about what a reasonable starting pitcher in major league baseball gets paid on an annual basis. Each month is about four times the annual salary of a full professor of economics!!
Will the baseball player continue to play even after the administration dramatically increases taxes? Probably. However, that doesn't make the taxation moral.
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