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Why is that nice? Shouldn't we want to encourage the rich to finance large projects of cultural benefit?


Not via naming right. It’s garish, feels dystopian, and leads to misplaced incentives, where the building of projects of cultural benefit is affected by how useful their naming rights are for advertisers. Should we also try to auction off names for other large public projects? Dams? Power plants? Schools? Highways?

If we want the rich to finance large projects of cultural benefit, the appropriate mechanism for doing so is via taxation.




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