Pros And Cons Of Hosting The Olympics

Olympic games ' history has forever been surrounded by controversies. Most of these controversies resulted from the selection of different venues chosen to hold these games every four year. The idea of Olympics being held at different locations every time has remained to be a highly debatable topic amongst critics. Some have argued a permanent site should be chosen to host these games. However, this ongoing debate has involved many stakeholders both with different motives and ideas how a permanent site could be chosen.

Even though cities bid millions to host the Olympics, hosting the Olympics produces negative impacts on the overall economy, the development of the city, and the environment of the host city and its surrounding areas; thus, all these effects indicate that the Olympics may not be worth hosting. The Olympics almost always cause negative economic effects for cities. Although cities expect to earn revenue through the Olympics, not many cities generate a substantial amount of revenue. Los Angeles, the host city of the 1984 Olympics, is a rare example of a city profiting from the Olympics: “Los Angeles actually profited by $100 million from the 1984 Summer Olympics mostly by using existing stadiums” (Perryman 17). That city did generate money, but cities

Because now you can be fined if you do not have insurance. It has made our taxes go up especially for the wealthy. It is making people lose their jobs and hours because businesses are cutting the worker hours to avoid covering the extra cost of employees insurance. People should not have to pay for health insurance or be threatened with a large fine for not having it. It is intrusive for the government to require you to have insurance.

(Hook) How would you feel if you worked hours making your company millions of dollars and they didn’t pay you? (Bridge) Many student athletes spend as much time practicing and competing as people do working. Plus spend many hours going to class and studying. Athletes do not have time to get a part time like many student. (Counterclaim) Some feel Athletes are already paid through scholarships and should be going to college primarily for an education.

Finally, the cost of the Olympics sends whole countries into debt. Such as Atlanta, who have torn down multiple stadiums, costing insane amounts of money, while gaining almost nothing in the process. Everyone has a chance at greatness and the Olympics have shown that we can do this in

After the government spends all their money on everything for the New Deal, it affects the economy by having them pay many taxes. This could cause citizens to move out and populate the area which

Every penny that is made, taxpayers lose money. Even though the penny might not seem worth much but per taxpayer it adds up to sixty million dollars a year(Sommer). To produce a penny it will cost a lot of money and why should we wanna waste money on something that is not worth for what it is. Other than the pennies costing to much, other countries have released the penny from their countries. Many countries have stopped having the pennies without any major disasters.

It is said that “the tax hike would bring in an additional $326.7 million in annual revenue for a state that is operating under severe budget constraints”(Teague). If the tax on smoking goers up it can bring some of that money back in. The bad thing is that Americans are still losing more money from smoking than receiving. The Oklahoma City Bombing was a true tragedy. In the Bombing “ The dead would number 168, including 19 children”(Ripley).

National Debt Clock, the current amount of debt the United States is in is over 19 trillion dollars. One of the ways the government plans on paying off some of that debt and by having the money to spend on mandatory and nonmandatory necessities this year is by borrowing money. This will only cause the debt to get bigger and bigger because they will be borrowing more money than what will be paid off. The effects of the government spending money it does not have is that the problems will only get worse and not just for future generations but also for current generations. Even current generations may have to face significant higher taxes on many things such as tax revenue, higher interest rate and even have an impact on the job pool.

In order to make a profit off of a product a company must make more than they are spending. So when it comes to spending on wages companies cannot be paying them more than their income. If companies were forced to raise the minimum wage many of them would find themselves laying off workers, especially those of the lower skilled employees. As much as a 3% reduction of low skilled workers can be projected with an increase of 10% in the minimum wage (Negative Effects). An American Apparel store in Los Angeles had to lay off 500 workers because of the recent city increase to $15 an hour (Sherk).