NBA Affect's on the Economy.
Is a bunch of angry men the only thing the NBA lockout will have a impact on? Will the lockout put our economy in an even bigger hole? Could the NCCA benefit from the lockout ? Will it effect those who aren't sport fans?
The NBA lockout is starting to have a big negative effect on the economy. One way the economy is affected by the NBA lockout is the tax dollars the economy lost from the NBA. This has a really strong impact on the economy because with these tax dollars being deducted the money that was distributed to the economy is now gone. Therefor the company the government provides money for will decrease its revenue, and eventually have to cut back on jobs to balance out their accounting sheet. From these actions you can predict what comes after that, unemployment which is already a issue to the economy. Money that the government provide are known as government funding programs which consist of programs for : welfare, jobs, housing, and medicine. If these programs were taken away from the consumer because the government is not enable to receive funds without the contribution from the NBA. Tax dollars is one of the biggest contributes to government programs, without tax dollars the government is unable to provide for those who are not financially stable. In the worst scenario if this continues people could go without eating. For example no food stamps and other extra help.
I understand how NBA players feel as though they want their old salaries back, but it could affect people who are way less fortunate. The tax dollars not only help the economy, financially disable, and government programs; they also help the world as a whole. People don't understand how much tax dollars makes a different in the world. Tax dollars also distributes to wars, nasa, and colleges. This may seem over dramatic but athletes are...