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Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

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Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#121

Post by amanaplanacanal »

anotherhue wrote: post #56
themaninthedark wrote: post #42

Earlier quoted context omitted.

I would like to provide liveable wages for both artists and athletes. Who gets to choose which artists and athletes are funded? When do we start funding them? In high-school, before? After they graduate? There are many people who identify as athletes at that age, football players, cheerleaders. I have a 6yo son who is really good at doing various crafts and he really enjoys it, does he count as an artist? How do we d…

Al least you can race the athletes against each other to find out who is the best. Much hard to do that with artists. We could say we'll fund the fastest people but in all liklihood those will turn out to be people who have dedicated the most time to their sport, which is a pretty good proxy for being rich, because most people can't afford that level of time investment.

Many Olympic "sports" are judged on artistic merit. Which seems weird to me, but what do I know?

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#122

Post by Y-bar »

chii wrote: post #109
Y-bar wrote: post #65

Earlier quoted context omitted.

> Who gets to choose which artists and athletes are funded? Preferably via UBI which would prevent cheating and inconsistencies and minimise the bureaucracy around it. > When do we start funding them? Smarter people than me have already answered this, but generally at 18 years of age or after graduation seems to be a common answer. > I have a 6yo son who is really good at doing various crafts and he really enjoys it,…

And how is such a UBI funded, pray tell? Will you agree to a 90% tax rate for your regular job, so that UBI could be had?

What you do not consider is that all serious UBI initiatives will see UBI as a _replacement_ to multiple other already existing welfare programs such as housing stipends, childcare benefits, maternity leave benefits, illness benefits, food stamps, veteran care... Not only will those be removed if UBI is implemented, the bureaucracy around those benefits will be eliminated or significantly reduced which means that more of the money paid in taxes will be distributed to people.

As far as my own tax burden, I pay a marginal tax rate of about 33% and would have no issue increasing that. I also think I pay too little in property taxes for my house. I am also getting a tax write-off to my loan which means I can take on a higher loan that I maybe should have (this write-off is bad on a macro scale because of the increased risk), I think that write-off should be phased out. There are also other taxes to adjust such as Tobacco taxes, VAT:s (we have four tiers today: 0, 6, 12, and 25 percent VAT depending on the type of good), Wealth taxes, Carbon taxes, and Financial taxes such as those on dividends and transactions.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#123

Post by ToucanLoucan »

snowwrestler wrote: post #27

In the early 1990s a paddler named Eric Jackson was fast enough to make the U.S. Olympic team in whitewater slalom kayak. But he lacked funds to go. So he dressed up in his full paddling outfit and brought his boat (4m long in those days) and paddle to a street corner in downtown DC. He set up a “meet an Olympian” sign and charged people cash to have their picture taken with him. Much hustle, very entrepreneurial of…

"You're on the team, but you have to fund your own trip to the Olympics to compete."

...

"No not like that!"

Never knew if it was real but I've seen on reddit several times that letter someone got from their employer chastising them for not owning a newer, nicer vehicle, since they were making good money at their job and it was "hurting the reputation of the business" that they were driving effectively a poor person's car. It feels far fetched but at the same time, also feels exactly like the irrelevant twaddle that a certain kind of upper management type would make his secretary write a letter about.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#124

Post by nobodyandproud »

grecy wrote: post #8
PartiallyTyped wrote: post #2

Reminds me how GoFundMe is effectively a healthcare insurance that's based on donations. https://time.com/5516037/gofundme-medical-bills-one-third-ce...

One third of all donations on GoFundMe are for medical expenses. [1] the very vast majority of that must be Americans. I’m staggered how many Americans are steadfastly against socialized healthcare for all, but immediately turn to GoFundMe in desperation when their insurance tells them to take a hike. I can’t help thinking “just do that for everyone” [1] https://time.com/5516037/gofundme-medical-bills-one-third-ce...

Americans are presented with a false dichotomy: Socialized medicine or US-style privatized healthcare; where the healthiest are charged 10% or more of their income and the neediest are dumped onto the US government.

It’s welfare for the industry.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#125

Post by nobodyandproud »

dialup_sounds wrote: post #68

When the Greeks invented the games the competitors were all buck naked and oiled up. You ever think we should just cut out the middlemen? Skip the governments, the international organizations, the television networks, and get back to the basic principle of fit naked people doing fit naked things in front of an admiring audience. At Strigil (YC '25) we're disrupting the Olympic market by combining best-of-breed athlet…

The app already introduces a new middleman; and cherry-picked sponsorships will devolve into its own corruption.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#126

Post by Tanoc »

raxxor wrote: post #104
potato3732842 wrote: post #88

20yr ago they were all stripping for all of the same reasons but that was easier to keep on the down low because some journalist couldn't see and contact a dozen of them from their desk and many employers didn't even know who these people were. It really is a no brainer when you consider the investment they have to make in their bodies.

I would assume that not everyone with a "great body" would want to do stripping and I don't think it is a "no brainer" at all. Problem with many sports is that they just don't earn enough money, which mostly is in advertising, and that doing it professionally is rather costly.

A lot of sports make quite a bit of money. The problem is the facilities costs. You're spending a lot of money on a specialized building with specialized equipment. Larger markets with more money raise costs even further by raising both athlete and audience expectations with ever more luxurious features, meaning the smaller markets with smaller audiences are compared to them. The facilities operators thus get the majority of sponsorship money as they force themselves into having the largest costs, leaving less money for other aspects like athlete pay and feeder leagues.

Some sports overcome this by forcing the team operators to also be the facilities operators, such as the NFL, but for many others like SailGP the athletes and teams are directly competing with the venues for some of the sponsorship money. And on top of that the different sports are competing with eachother for who gets what sponsorship, as some sports or sponsors have forced exclusivity contracts, such as Pepsi had with Hendrick Motorsports in NASCAR or Mastercard had with FIFA.

And sometimes the sanctioning body responsible for the sport itself is just taking in the majority of the money and leaving the actual individual costs to the venues, teams, and athletes without ever supporting them centrally. F1, FIFA, and the NCAA did that for years.

There's plenty of money, it's just that it's not being spread around appropriately. The worst part is that it doesn't even have to be evenly for the sport and athletes to thrive, just appropriately.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#127

Post by [deleted] »

braza wrote: post #116
jalapenos wrote: post #112

Earlier quoted context omitted.

Fencing as done now looks legit stupid, so does racewalking. Javelin, while slightly more cool, is you throwing a stick. Mildly interesting for a few seconds. Football is a top tier sport because it's entertaining. People will pay to see it. Hence there's money to be earned. If someone wants to spend their time seeing how far they can throw a stick, cool, but they shouldn't be surprised they're waking up to an empty…

I know where the argument comes from, but at an extreme watching football with 22 folks running behind a ball in a slow game where 97% of the time nothing happens in terms of scoring, and in terms of tactics, today sounds like a handball game; it's boring (and I say that as a Brazilian and having attended more than 100+ in the stadium and more than 600 on TV). The entertainment in the Olympic games is in the fact tha…

[deleted]

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#129

Post by nothrowaways »

nothrowaways wrote: post #128

Onlyfans is online prostitution. I wonder how it is legal in countries that criminalize offline prostitution.

Also, Onlyfans is a bad influence on the young generation. Downvote me as much as you would like, but I can argue all night kn this.

Re: Olympians turn to OnlyFans to fund dreams due to 'broken' finance system (2024)

#130

Post by Tesl »

braza wrote: post #116
jalapenos wrote: post #112

Earlier quoted context omitted.

Fencing as done now looks legit stupid, so does racewalking. Javelin, while slightly more cool, is you throwing a stick. Mildly interesting for a few seconds. Football is a top tier sport because it's entertaining. People will pay to see it. Hence there's money to be earned. If someone wants to spend their time seeing how far they can throw a stick, cool, but they shouldn't be surprised they're waking up to an empty…

I know where the argument comes from, but at an extreme watching football with 22 folks running behind a ball in a slow game where 97% of the time nothing happens in terms of scoring, and in terms of tactics, today sounds like a handball game; it's boring (and I say that as a Brazilian and having attended more than 100+ in the stadium and more than 600 on TV). The entertainment in the Olympic games is in the fact tha…

How do you pick a number as specific as 600? I have absolutely no idea how many football games I've ever watched.
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