The FCC is looking into several ways to bail out newspapers in the U.S., including additional taxation. According to a recent survey from Rasmussen Reports, 84% of people surveyed rejected a proposed 3% tax on monthly cell phone bills to raise an estimated $3B to help struggling newspapers. In addition another survey indicated that 74% of those questioned rejected a 5% tax on consumer electronic goods such as the Kindle, iPads, and computers to bail out the newspapers and journalists.
On the Rasmussen site it also states that:
One of the FTC’s central concerns is that the quality of local news reporting is suffering as financially struggling newspapers tighten their belts. Yet while Americans continue to see their local newspapers as more reliable than online news sources, they also have consistently questioned government assistance to keep those papers in business.
Fifty-eight percent (58%) of Americans are confident that online and other news sources will make up the difference if many newspapers go out business.
Is this just another example of greedy newspaper moguls crying in their beer and hoping to get a sympathetic bailout from Washington? Do we as a nation intend to bail out every industry that hits on hard times? If BP has to file bankruptcy will we bail them out as well?
When is this insanity going to end?