Pay cap fallout

Apparently no one thought about what effect the salary cap would have on New York City and State tax revenue, according to wcbstv.com. It will not be good. The idea that the cap will drain away talent and slow the recovery from the recession for this firms is also floated in the article.

Charlie Foxtrot asks when the pay cap will apply to athletes, who perform in taxpayer-subsidized stadia? What about actors and actresses who are paid millions even when movies flop?