September 22, 2004
For the Urchins

Craig Depken reports that the folks shilling for a new stadium for the Dallas Cowboys have now resorted to the "for the children" strategy. He writes:

One [pro-stadium mailer] saying a vote for the stadium is a vote for the children of Arlington. Why? Because the Cowboys will give $500,000 per year to local youth sports programs for the next thirty years. The donations are not indexed to inflation, so assuming 3% inflation the $500,000 contribution in 2034 will be worth about $205,000.

This is spot on, but it misses a bigger point. The Cowboys stadium will cost something like $300 million dollars. If the pro-Cowboys folks are so concerned about kids then wouldn't the $300 million work out to $10 million per year for 30 years. In other words, there would be 20 times more annual funding available for kids if the stadium is not constructed. (One caveat: Texas law might limit the use of tax revenue in ways that would prohibit a "for the urchins" tax referendum.)

Posted by E. Frank Stephenson at 03:31 PM  ·  TrackBack (3)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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