Should the Fed raise rates to stop wage inflation in the NFL?

[DefiantMassRINO]

The NFL just raised its salary cap to $301 million.  Should the Federal Reserve raise rates in response, to slow the pace of wage inflation in the NFL, other sports leagues, and the overall economy?

Every time I get a pay increase, the Federal Reserve screams 'Inflation!' from the mountain tops, and raises rates to slow economic grow and wage growth.

Why is my wage growth more monetarily abhorrent than the wage growth of professional athletes?  Paying athletes more money increases the price of tickets, TV contracts, merhcandise, stadium concessions, parking, etc., that ripple throughout the economy more rapidly than my measely paycheck wage increases.

Why is some personal income growth acceptable under monetary theory while other personal income growth is unacceptable?  Doesn't rising executive compensation lead to higher prices and diluted share values for common shareholders?

I don't know.  It's seems the Fed likes to put the screws to working Americans while giving a pass to rich Americans.  The Fed's policies have been a significant contributor to the increasing wealth gap in America.

[Weird Tolkienish Figure]

And why would I give a bleep about a bunch of dudes throwing a ball around for a living?

[jafo2010]

Since the TAXPAYER is the entity that funds the construction of the ballfields, arenas, stadiums, etc that these overpaid fools play on, I say the taxpayer lay claim to a minimum of 33% of the revenue realized from every sport.  None of these people, owners and players would make one dime without the investment of the taxpayer.  And the taxpayers are not making a sufficient ROI.

This abuse has gone on for way too long.  Taxpayers get their share, and salaries are reigned in.

[Free Vulcan]

Maybe they should hire Tom Brady. He has experience at deflation.

[Weird Tolkienish Figure]

Since the TAXPAYER is the entity that funds the construction of the ballfields, arenas, stadiums, etc that these overpaid fools play on, I say the taxpayer lay claim to a minimum of 33% of the revenue realized from every sport.  None of these people, owners and players would make one dime without the investment of the taxpayer.  And the taxpayera are not making a sufficient ROI.

This abuse has gone on for way too long.  Taxpayers get their share, and salaries are reigned in.

And there's this, which you are 100% correct on. Strange thing is that it's one thing the left and right agree on in the US but we still do it for some reason.

[Cyber Liberty]

Maybe they should hire Tom Brady. He has experience at deflation.

 

[Smokin Joe]

Maybe they should hire Tom Brady. He has experience at deflation.

I see what you did there...