The Miami Dolphins and Generational Wealth Transfers

According to sources, and as reported by the Miami Herald, the National Football League’s Miami Dolphins have fomented a subculture of forcing younger, less compensated players to pay for typically better paid veterans’ extravagances: “Young Dolphins players are under pressure to dig deep into their pockets to pay for veterans’ social outings, a practice that is straining their finances and locker room chemistry, according to a source with direct knowledge of the situation.”
Notwithstanding the ignorant and abhorrent behavior that one involved individual has allegedly displayed as subtext to these incidents, this broader subculture of generational financial intimidation and manipulation is probably not limited to just the Miami club.

 

Appropriately, many fans’ perspectives reflect resentment and disbelief at the general audacity of such coercion and populist intimidation.  The story is naturally receiving numerous public comments, many seeming to find this wealth transfer unfair at the least, if not downright unethical:

 

This is outrageous.  The veteran players involved in this should be fined double what they asked rookies to pay.  The rookies should get reimbursed.  What slovenly, unprofessional behavior.

 

This is really sickening.  …  This stuff is criminal.  If veterans are leaving rookies with a $30,000 bar tab, that’s grand larceny.  If they’re bullying a rookie into paying $15,000 for a Las Vegas trip, that’s extortion.

 

[T]his fool forcing players to pay for his entertainment is the real coward.  [T]his is nothing more than coercion, tantamount to extortion and should be prosecuted.

 

Extortion is a federal crime.  Prosecute and jail them.

 

This sounds like grounds for a lawsuit to me.  Essentially, rookie players are being extorted into buying meals and gifts for their superiors.  RICO?

 

One veteran Miami player took to Twitter to declare that “everything tastes better when rookies pay for it,” which pointedly characterizes the underlying moral hazard associated with one collection of people unaccountably spending another’s money.

 

On that note, there is at least one other organization that imposes forced generational wealth transfers from the young, typically less wealthy segments, to the older segments (which have generally had much longer and greater opportunities to accumulate wealth): the State does this via Social Security, Medicare, and now Obamacare (if the so-called individual mandate achieves its purported objective, that is).  All are undeniably pyramid-modeled social programs, each necessarily reliant upon revenues garnered from the younger segments of the constituency to generally support older segments.  All of these programs inherently breed generational resentment and division, social faction, and contentious dealings amongst inequitably treated “members.”  Each program is economically unviable, naturally unsustainable in their construction and efficacy, and thusly unethical in application even if arguably well-intended.

 

One commenter observed: “Looks like a culture change is in order, and not just at Miami.”

 

Indeed.

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