Quote:
Originally Posted by randallscott35
This is public money. Horse racing can and should be able to survive without public money....We aren't talking about your garbage pick up and police force.
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If government was simply OK with receiving income taxes on the thousands of people who work in the industry and taxes on items like admissions and concessions (where applicable), rather than acting as a parasite with parimutuel taxes, OTBs and the like, horse racing would probably be a self-sustaining, healthy industry. The problem isn't that government is getting too little from racing, it's that government is already getting too much. And now, when asked to give up a little of the excess that is is already receiving from the over-taxed industry, the politicians spin it into government "subsidizing" racing. Priceless!!
10-05-2010, 01:54 PM
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