 Your Taxes Buy Billionaires Stadiums, They Charge You $7 For A Hot Dog — Obama Says NO MOREImagine you re a billionaire who buys himself an NFL team. You re obviously doing well if you can afford to even consider such a venture, but you re about to start raking it in big time. At an average of $85 per ticket, 70,000 people or so are going to come pouring through the gates.They aren t allowed to bring any food or drinks with them, of course, so if they get hungry they ll be feasting on $7.50 hot dogs and $16 cheese steaks. If you toss a couple of Oreos in the fryer at a cost of about 30 cents they ll fork over another six bucks. That s not including the drinks. The bottom of the barrel at most stadiums is the $5 bottled water.Owners love to chalk up the price of tickets and concessions to the amount of money they pay their players. That certainly does factor in, but if you walk through your local mall you ll see ridiculous amounts of merchandise from teddy bears to framed pictures, hats, jerseys, shoes and even pet clothing with your team s logo on them. it s not there for free. Multiply that times every mall in a team s fan base and what you have is an entity that is so ridiculously profitable it goes beyond description.Why, then, are we footing the bill to build these elitist one percenters new stadiums? With very few exceptions, when an owner wants a stadium, they go directly to those whose campaigns they donate to and get the ball rolling on state funds. They sell fans on voting for these funds because  don t you want to have a nicer stadium than the one in Philly?  Ask a Washington fan the answer to that one.At the federal level, owners bilk all of us out of tax dollars through a tax exemption on bond interest that means that even if you live in Billings Montana with no chance of ever going to a Wranglers game (because your market is too small for such a team to exist in any sport), you re paying for that shiny new facility they re planning in Los Angeles.According to a 2012 Bloomberg report, the exemption amounts to roughly $4 billion in federal taxpayer money. In President Obama s FY2017 budget, the exemption is eliminated, which would create a savings of $542 million for the year and hopefully create a more cost-conscious building process for stadiums that will still be footed largely by taxpayers at the state and local level.It s welfare for billionaires. A family of four can save for a year and spend upwards of a thousand dollars for a single afternoon at Texas Stadium, but Jerry Jones should be able to be exempt from millions in taxes because he has so much debt on a stadium he could have written a check for.The Presidents proposal will, of course, be met with Republican opposition, because they are in the business of giving billionaires as much of your money as possible.Featured image from cowboyzone.com News
your taxes buy billionaires stadiums they charge you for a hot dog obama says no moreimagine billionaire buys nfl team you obviously well afford even consider venture start making big time at average per ticket people going come pouring allowed bring food drinks course get hungry fasting hot dogs cheese speaks if toss couple ores flyer cost cents fork another six bucks that including drinks the bottom barrel stadiums bottled love chalk price tickets concessions amount money pay players that certainly factor walk local mall see ridiculous amounts merchandise teddy bears framed pictures hats jerseys shoes even pet clothing team logo free multiply times every mall team fan base entity ridiculously profitable goes beyond footing bill build elitist one presenters new stadiums with exceptions owner wants stadium go directly whose campaigns donate get ball rolling state funds they sell fans voting funds want nicer stadium one philly ask washington fan answer federal level owners bill us tax dollars tax exemption bond interest means even live killings montana chance ever going rangers game market small team exist sport paying shiny new facility planning los bloomberg report exemption amounts roughly billion federal taxpayer money in president obama budget exemption eliminated would create savings million year hopefully create building process stadiums still footed largely taxpayers state local welfare billionaires a family four save year spend upwards thousand dollars single afternoon texas stadium jerry jones able exempt millions taxes much debt stadium could written check presidents proposal course met republican opposition business giving billionaires much money image news
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT:  Your Taxes Buy Billionaires Stadiums, They Charge You $7 For A Hot Dog — Obama Says NO MOREImagine you re a billionaire who buys himself an NFL team. You re obviously doing well if you can afford to even consider such a venture, but you re about to start raking it in big time. At an average of $85 per ticket, 70,000 people or so are going to come pouring through the gates.They aren t allowed to bring any food or drinks with them, of course, so if they get hungry they ll be feasting on $7.50 hot dogs and $16 cheese steaks. If you toss a couple of Oreos in the fryer at a cost of about 30 cents they ll fork over another six bucks. That s not including the drinks. The bottom of the barrel at most stadiums is the $5 bottled water.Owners love to chalk up the price of tickets and concessions to the amount of money they pay their players. That certainly does factor in, but if you walk through your local mall you ll see ridiculous amounts of merchandise from teddy bears to framed pictures, hats, jerseys, shoes and even pet clothing with your team s logo on them. it s not there for free. Multiply that times every mall in a team s fan base and what you have is an entity that is so ridiculously profitable it goes beyond description.Why, then, are we footing the bill to build these elitist one percenters new stadiums? With very few exceptions, when an owner wants a stadium, they go directly to those whose campaigns they donate to and get the ball rolling on state funds. They sell fans on voting for these funds because  don t you want to have a nicer stadium than the one in Philly?  Ask a Washington fan the answer to that one.At the federal level, owners bilk all of us out of tax dollars through a tax exemption on bond interest that means that even if you live in Billings Montana with no chance of ever going to a Wranglers game (because your market is too small for such a team to exist in any sport), you re paying for that shiny new facility they re planning in Los Angeles.According to a 2012 Bloomberg report, the exemption amounts to roughly $4 billion in federal taxpayer money. In President Obama s FY2017 budget, the exemption is eliminated, which would create a savings of $542 million for the year and hopefully create a more cost-conscious building process for stadiums that will still be footed largely by taxpayers at the state and local level.It s welfare for billionaires. A family of four can save for a year and spend upwards of a thousand dollars for a single afternoon at Texas Stadium, but Jerry Jones should be able to be exempt from millions in taxes because he has so much debt on a stadium he could have written a check for.The Presidents proposal will, of course, be met with Republican opposition, because they are in the business of giving billionaires as much of your money as possible.Featured image from cowboyzone.com News
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: your taxes buy billionaires stadiums they charge you for a hot dog obama says no moreimagine billionaire buys nfl team you obviously well afford even consider venture start making big time at average per ticket people going come pouring allowed bring food drinks course get hungry fasting hot dogs cheese speaks if toss couple ores flyer cost cents fork another six bucks that including drinks the bottom barrel stadiums bottled love chalk price tickets concessions amount money pay players that certainly factor walk local mall see ridiculous amounts merchandise teddy bears framed pictures hats jerseys shoes even pet clothing team logo free multiply times every mall team fan base entity ridiculously profitable goes beyond footing bill build elitist one presenters new stadiums with exceptions owner wants stadium go directly whose campaigns donate get ball rolling state funds they sell fans voting funds want nicer stadium one philly ask washington fan answer federal level owners bill us tax dollars tax exemption bond interest means even live killings montana chance ever going rangers game market small team exist sport paying shiny new facility planning los bloomberg report exemption amounts roughly billion federal taxpayer money in president obama budget exemption eliminated would create savings million year hopefully create building process stadiums still footed largely taxpayers state local welfare billionaires a family four save year spend upwards thousand dollars single afternoon texas stadium jerry jones able exempt millions taxes much debt stadium could written check presidents proposal course met republican opposition business giving billionaires much money image news