re: What the beginnings of anarchy looks like: Unionization approved

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Where are these kids going to get the money to pay taxes on their scholarships? They can't afford to even go out to dinner says most of them. What about students on the Hope, Merit, etc. won't they be considered employees too since they are on scholarship? They help the University profit too. I really hope this actually happens.

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That's the big thing everyone seems to be glossing over. Everyone is looking at the benefits and completely neglecting to realize how shite works in the real world. If you get paid a wage, you get issued a W2. If you get issued a W2, you report that in taxes. If 600+ student athletes are being handed W2s, the athletic depts are no longer tax exempt. When ADs are shelling out tons of cash to the IRS, see how long they opt to keep their doors open.

The athletes that aren't big names and don't receive some sort of monetary compensation beyond their scholarships may be lucky enough to get money back on their return. But the big name guys... hope they're prepared to pay out the nose for any and all income they receive (I have a feeling a few will end up in jail for tax evasion simply due to ignorance as to how the process works).

ETA: Odds that these kids invest their money in an accountant or, at least, in Turbotax?