They inevitably leverage taxpayer funding for their stadiums/palaces/private infrastructure. Internalized profit, externalized risk/expense onto the backs of the working class whether they attend sporting events or not.
God you are stupid.
When cities finance stadi, they are betting that the profit generated from the taxes collected will be greater than the initial outlay for the stadi. That is NOT socialism. in fact if anything that is a city dabbling in capitalism.
They are redistributing wealth from the commons into the pockets of the well to do. They are taking taxpayer money and subsidizing sports team franchises and owners. Tack whatever name on it you like. When we subsidize the unsubstantial people we label it "welfare" and "socialism", when we subsidize the substantial people, oh my, no, it must be called something else.
So do you reject any government to business subsidy out of hand, ? Do you consider welfare a subsidy?
"So do you reject any government to business subsidy out of hand, and only support subsidizing individuals?"
I think it all comes down to a case by case basis type thing and should always be looked at in terms of what will benefit society best as a whole via tax legislation and what's to be funded via taxation. But I reject that subsidizing big pharma, big agribusiness, wealthy sports team owners and such is not subsidizing individuals. It is, and the bottom line of those perched at the top of these organizations. To buy into anything else one must buy into trickle down economics. Sorry, I just don't, society has been waiting decades for evidence.
If taxpayers provide welfare and subsidies to Walmart workers for eample who are working full time for Walmart and get tutorials from their employer as to how to sign up for tax payer funded benefits I would view that more as subsidizing Walmart rather than subsidizing the employee who Walmart can't seem to find a way to pay something a full time worker can live on despite Walmart's consistent and lucrative profit margin.
This is what I see in the american economy:
Privatized gains versus socialized losses for the Wall Street bankster class
Internal profit versus externalized risk and expense for the “job creator” class
Socialism for the aristocracy versus laissez faire capitalism for the masses
There has indeed been a vast redistribution of wealth over the past 5-6 decades, just not in the direction everyone's always prattling on about, and it is the only bipartisan effort one can really find in terms of the complicity of our political system's cooperation in the endeavor.