Ridiculous pay for star athletes and celebrities is at least fair
Put another way, we as a society actually do spend wayyy more money on doctors, nurses, and teachers. It’s just that there are many millions of people who have to split that pot of money, whereas for pro athletes there are only a few dozen or a few hundred to split that comparably smaller pot of money with.
I might have the same favorite NBA player as literally millions of people in this country. I for sure don’t have the same favorite doctor or favorite teacher, though.
So if a genie showed up and said “give $1 to your favorite celebrity and give $100 to your favorite teacher,” we as a society would give way more money to the teachers, but each individual teacher would receive less than each individual celebrity who gets paid under this system.
No, you have it backwards. If the total pot for athletes is considerably smaller than the total pot for medical professionals, than redistributing it amongst medical professionals would not significantly increase their individual incomes because there are so many of them that each would only get a small share of it.
There are about 500 NBA roster spots. Total basketball related income across the league is $10.25 billion, and the CBA requires that player income make up half of that. So there’s $5.13 billion to split between 500 players, an average/mean of $10.25 million per full time player (some players get called up or put on reserve when injuries or something like that happen).
There are about 3.8 million public school teachers in K-12. If you took literally every dollar paid to NBA players and gave it to public school teachers, that’d be about $1350 per teacher.
There are other sports, of course, but we’re also talking about nurses and doctors and EMTs and public librarians and other important underpaid jobs. Taking all money from sports isn’t going to make much of a dent in those other jobs’ pay.
Put another way, we as a society actually do spend wayyy more money on doctors, nurses, and teachers. It’s just that there are many millions of people who have to split that pot of money, whereas for pro athletes there are only a few dozen or a few hundred to split that comparably smaller pot of money with.
I might have the same favorite NBA player as literally millions of people in this country. I for sure don’t have the same favorite doctor or favorite teacher, though.
So if a genie showed up and said “give $1 to your favorite celebrity and give $100 to your favorite teacher,” we as a society would give way more money to the teachers, but each individual teacher would receive less than each individual celebrity who gets paid under this system.
That’s a really good point!
So they should the dramatically taxed and that money redistributed.
No, you have it backwards. If the total pot for athletes is considerably smaller than the total pot for medical professionals, than redistributing it amongst medical professionals would not significantly increase their individual incomes because there are so many of them that each would only get a small share of it.
Have you done the math? Because I think you’re underestimating how much pro stars make.
There are about 500 NBA roster spots. Total basketball related income across the league is $10.25 billion, and the CBA requires that player income make up half of that. So there’s $5.13 billion to split between 500 players, an average/mean of $10.25 million per full time player (some players get called up or put on reserve when injuries or something like that happen).
There are about 3.8 million public school teachers in K-12. If you took literally every dollar paid to NBA players and gave it to public school teachers, that’d be about $1350 per teacher.
There are other sports, of course, but we’re also talking about nurses and doctors and EMTs and public librarians and other important underpaid jobs. Taking all money from sports isn’t going to make much of a dent in those other jobs’ pay.