The owner of the New York Yankees, Hank Steinbrenner, recently blasted Major League Baseball's revenue sharing agreement, which requires high-spending teams like the Yankees to subsidize less fortunate teams. He compared the arrangement to communism:
"At some point, if you don't want to worry about teams in minor markets, don't put teams in minor markets, or don't leave teams in minor markets if they're truly minor," Steinbrenner said. "Socialism, communism, whatever you want to call it, is never the answer."
I have limited sympathy for this argument. Limited, because taking money from the rich and redistributing to the poor is much more like a progressive tax system than communism. Sympathy, because Steinbrenner is right to question baseball's revenue sharing agreement.