In Praise of the Indy 500
Actually, I'm not a big race fan. I really enjoy watching Monte Carlo type races, with cars weaving through the city. That's very interesting for me to watch.
What I like about the 500 and the other events at the Indianapolis Motor Speedway is the fact that the site is family owned, with strictly private funding making it happen. Not a single penny of tax money is taken from the people of Speedway, or Indianapolis, or Marion County, or the doughnut counties surrounding Indy.
Unlike the Colts current stadium, and new stadium. Indy Star story.
Remember: Republican Governor Mitch Daniels pushed this project and these taxes. Republican State Senator Luke Kenley of Noblesville pushed these taxes. Republicans on the Indianapolis City-County Council will likely vote in favor of these taxes.
Libertarians can't wait to run against them all, pointing out where Republican rhetoric fails to match Republican policy on taxes, limited government, and personal responsibility.
In the meantime, I will enjoy the spectacle that the Indy 500 creates. I'll be grateful for real economic gains taht it brings- because it comes with no dead weight loss.