FTC, Government Seek to Reinvent Journalism…Through Mandates and Taxation

by | Jun 4, 2010 | Headline News | 4 comments

Do you LOVE America?


    For those who thought government licensing of journalists proposed by Michigan republican Senator Bruce Patterson is an isolated incident with no legs, consider that the Federal Trade Commission is hosting a round table to determine if the government needs to step in to save media companies and journalists:

    The Federal Trade Commission (FTC) is seeking ways to “reinvent” journalism, and that’s a cause for concern. According to a May 28 draft proposal, the agency thinks government should be at the center of a media overhaul. The bureaucracy sees it as a problem that the Internet has introduced a wealth of information options to consumers, forcing media companies to adapt and experiment to meet changing market needs. FTC’s policy staff fears this new reality.

    “There are reasons for concern that experimentation may not produce a robust and sustainable business model for commercial journalism,” the report states. With no faith that the market will work things out for the better, government thinks it must come to the rescue.

    The ideas being batted around to save the industry share a common theme: They are designed to empower bureaucrats, not consumers. For instance, one proposal would, “Allow news organizations to agree jointly on a mechanism to require news aggregators and others to pay for the use of online content, perhaps through the use of copyright licenses.”

    In other words, government policy would encourage a tax on websites like the Drudge Report, a must-read source for the news links of the day, so that the agency can redistribute the funds collected to various newspapers. Such a tax would hit other news aggregators, such as Digg, Fark and Reddit, which not only gather links, but provide a forum for a lively and entertaining discussion of the issues raised by the stories.

    The report also discusses the possibility of offering tax exemptions to news organizations, establishing an AmeriCorps for reporters and creating a national fund for local news organizations. The money for those benefits would come from a suite of new taxes. A 5 percent tax on consumer electronic devices such as iPads, Kindles and laptops that let consumers read the news could be used to encourage people to keep reading the dead-tree version of the news. Other taxes might be levied on the radio and television spectrum, advertising and cell phones.

    We’d recommend to the FTC round table that they also consider taxing individuals who happen to recommend a particular story to a friend via a text message, phone call or word of mouth. In addition, any discussion of news stories around the dinner table should be taxed appropriately, with direct withdrawal of fees to the originating news source and taxes to the AmeriNewsCorps coming out of the family bank account.

    In the interest of fairness, a news organization that runs a story about a particular individual, organization or company should be required to direct a portion of advertising revenues from the report to those being reported on. It’s only fair. Wait, no… this isn’t about fairness. We’ll withhold this particular proposal because it wouldn’t make any sense.

    The US government has found it necessary to nationalize banking, automobile production, real estate lending, elementary and higher education, and possibly the oil industry if Maxine Waters has her way. It only makes sense that the government get involved in the fourth estate, since controlling the first three is not yet enough. There’s too much information out there for the  sheeple to discern what the truth is and what they should believe in. Wouldn’t it just be easier for everyone if we had a single cohesive message originating from the White House?

    Legal Notice: If you have clicked on this article, whether or not you have read it in full, your IP address has been logged. You may see a charge of $2.95 on your next cable or internet service provider bill. The proceeds from this tiny charge will be distributed in accordance with FTC guidelines to starving media conglomerates and journalists, as well as the government organizations that made the digital publishing of this story possible.


    It Took 22 Years to Get to This Point

    Gold has been the right asset with which to save your funds in this millennium that began 23 years ago.

    Free Exclusive Report
    The inevitable Breakout – The two w’s

      Related Articles


      Join the conversation!

      It’s 100% free and your personal information will never be sold or shared online.


      1. Goodbye internet……got shortwave?

      2. Just another attempt to get money to save the U.S. Titanic with Asshole Obama at the helm.     It’s too late.  

        The U.S. ship is listing and going down to the murky depths, it’s every man for himself now. 

        Let the Kenyan captain go down with the ship, he deserves it.   

      3. Smoke signals. Two smokes means lock and load. One smoke means lock and load. Smoke everywhere means lock and load. No smoke means lock and load……………………………………..

      4. How about we eliminate incumbent Senators and Congessmen instead?    And make sure that we don’t re-elect the piece of shit Obama.

      Commenting Policy:

      Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.

      This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.