(currently studying Karl Marx, Adam Smith, Thomas Malthus, and David Ricardo)
Hypothetical situation: The United States Congress has decided to put a cap on the salaries of all professional athletes. Top-tiered athletes can make up to 5 million dollars a year, middle tiered athletes up to 2 million dollars, and rookies and developing players between 500,000 and 1 million dollars a year. The owners’ excess profits from concessions, ticket sales, television contracts, and team paraphernalia would be redistributed to supporting the poor and homeless, education, and wellness endeavors in the city of each respective team. Who would support this policy?