California: State income taxes on top of federal income taxes. Ouch!
That's "socialism" for ya. Right?
But also California: Fourth largest economy in the world.
Must be doing something right!
And come to think of it, no "free enterprise" among the major American sports leagues either.
If there were, all the small market and incompetent large market teams would go wonder.
If not for the "socialism" of the owners, there would be no OKC in basketball or Buffalo in football.
I'm talking about the draft, where the worst draft first, and the luxury tax, where rich owners are prevented from buying winning teams.
So how did this "socialism" work out for the owners?
Oh, not too bad. The average NFL franchise has increased 4000% over the past 30 years.
Joe Lacob bought the Warriors for $450 million in 2010 but valued 15 years later at 9.4 billion.
The very guys who bitch so much about "socialism" are making tons of money by using those very same principles.