Los Angeles helps the wealthy but not the little guy

[Liberal_in_LA]

Los Angeles helps the wealthy but not the little guy

------------------

In L.A., as in Caracas or Rio de Janeiro, the rich can enjoy views of the poor, puttering safely in the distance.

And we have our elected officials to thank for it.

The Ritz-Carlton is part of a gleaming new entertainment center of Los Angeles that was built thanks to city tax breaks worth hundreds of millions of dollars, as my colleague David Zahniser reported in May.

This week, the L.A. City Council voted to add another expensive jewel to that complex by issuing $275 million in tax-exempt bonds to help make way for a new football stadium.

http://www.latimes.com/news/local/la-me-0812-tobar-20110812,0,6017542.column

[Johonny]

1. I'm disgusted

Several economic studies have been made about the economic effect of stadiums. None of them ever found spending money on sport stadiums was a winner for the tax payer. But oh what a win for the billionaire sports team owner. :(