Friday, June 11, 2010

Americans Agree: No Tax Money to Bailout Failing Newspapers

Check out my latest post at The Humble Libertarian:
It is no secret that printed news sources have been struggling for years and are on their way out as cable and online news now take over the market. A new report from Rasmussen sheds a little light on the public's feelings regarding this reality and also points to the ridiculous measures being considered by our government.

Rasmussen notes:
The Federal Trade Commission (FTC) is considering several ways to help the struggling newspaper industry, but Americans strongly reject several proposed taxes to keep privately-owned newspapers going.

A new Rasmussen Reports national telephone survey finds that 84% oppose a three percent (3%) tax on monthly cell phone bills to help newspapers and traditional journalism.

Similarly, 76% oppose a proposed five percent tax on the purchase of consumer electronic items such as computers, iPads and Kindles to help support newspapers and traditional journalism. Seventy-four percent (74%) oppose the proposal to tax web sites like the Drudge Report to help the newspapers they draw their headlines from.

Each of these ideas was suggested for consideration in a recent FTC report. (my emphasis)
You read that right. We are not dealing with mere hypothetical speculation here. Rather, the FTC has really been suggesting taxing consumer goods to subsidize a failing news medium. That is such a violation of constitutional and free market principles that it seems unthinkable that it could even be considered.

What's even more alarming is the rationale given by proponents.(continue reading here.)

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