According to Pablo Torre of Sports Illustrated, “by the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.” The problem isn’t just confined to professional football players. Torre’s article says that within five years of retirement, an estimated 60 percent of former NBA players are broke.
Why is it that the liberal media and Democrats don’t talk about these professional athletes blowing their money on wine, woman and song but they make Mitt Romney out to be the devil for his wealth? How much good comes to society from these guys flushing their money down the toilet? Mitt provides the government with a steady source of income. Every year they know they are going to get a check for $3,000,000. Perhaps it bothers them that he gives about the same amount to charity. Since they want the government to be the source of all things good; charities, especially religion, represent competition. It’s a sick thought but it may be true.
They need to realize that the rich are a flock of geese laying golden eggs. They provide a relatively predictable source of revenue.
“Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.” Barack Obama