Here’s a short post in regards to the sacrifices made to make an athlete an Olympian.
Mama, don’t let your infants develop as much as be Olympians.
It might not have the ring of the unique Willie Nelson/Waylon Jennings music title, however it actually applies – contemplating a number of the monetary back-stories on the London Olympics. Take into consideration U.S. swimmer Ryan Lochte, whose divorced mother and father are dealing with the foreclosures of their Florida residence. Or U.S. gymnast Gabby Douglas, whose mom filed for chapter earlier this yr. Considered one of 4 kids, Douglas all however acknowledged earlier this week how her budding Olympic profession took an financial toll. “It was undoubtedly arduous on my mother, taking good care of me and my siblings,” she instructed the New York Submit.
This has led, predictably, to this.
Making the state of affairs all of the tougher for U.S. athletes: there’s no direct federal assist, as is the case in most different nations. …
Given these horror tales, it’s maybe no shock that lawmakers have not too long ago began to speak about tax aid for Olympic athletes – or no less than for these athletes who’re lucky sufficient to win medals. (The honors include money prizes awarded by the US Olympic Committee: $25,000 for gold, $15,000 for silver and $10,000 for bronze.)
I suppose you would argue that there’s some positive externality argument that may be made in favor of tax assist: successful medals within the Olympics results in nationwide pleasure, and so forth. However I ponder how a lot worth, long-term exterior worth, particularly, is in successful a medal.
Of us of my age keep in mind the embellished swimmer Mark Spitz. Are you able to keep in mind what number of medals he gained and in what Olympics? No googling for the reply.
OK, if you happen to knew and you might be an American, did you’re feeling a welling of nationwide pleasure? I didn’t suppose so.
Positive some tales nonetheless ship shivers up some people’ spines. How in regards to the US hockey workforce beating the Soviets in 1980 and taking the gold? However these are the exceptions (and there was some distinctive political again story to that victory).
The US has a vibrant personal sports activities market that results in a lessening of the nationwide significance of the Olympics, and I’m removed from satisfied that Olympic coaching is one thing that will be an environment friendly use of federal tax cash.
Mr. Spitz gained 7 golds in 1972.
Cross-posted at Market Energy