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FTC Staff Discuss a Tax on Electronics To Support the News Business

dptalia links to this piece describing a staff discussion draft from the Federal Trade Commission, writing "The FTC is concerned about the death of the 'news.' Specifically newspapers. Rather than look to how old media models can be adapted to the Internet, they instead suggest taxing consumer electronics to support a huge newspaper bailout. Additionally, they suggest making facts 'proprietary' and allowing news organizations to copyright them." Note, though, "The good news in all this is that the FTC's bureaucrats try hard to recommend little. They just discuss. And much of what the agency staff ponders are political impossibilities."

17 of 381 comments (clear)

  1. Let them Die by airwedge1 · · Score: 5, Insightful

    Why are we always so concerned with keeping companies in business. We didn't try to artificially keep wagon wheel business alive when cars were invented. This is absurd, if a company can no longer sell something, sell something else, or die off.

    1. Re:Let them Die by Karganeth · · Score: 4, Insightful

      It really has nothing to do with capitalism. Even in communism they would remove companies and technologies that are obsolete. It's just stupid to think that newspapers have a right to exist and make a profit.

    2. Re:Let them Die by Shakrai · · Score: 4, Insightful

      If the news agencies failed It would leave a huge information vacuum that the government could fill as it wished.

      And you don't think those same news agencies will be beholden to the government when the government is the one keeping them in business?

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
  2. Bail Me Out Please by whisper_jeff · · Score: 5, Insightful

    I am utterly blown away at hoe often the government is willing to step in and save failing business models. Car companies refusing to evolve, media companies failing to evolve, and more. Last time I checked, we live in a capitalist society where companies that succeed, in one way or another, are rewarded and companies that fail, for whatever reason, are supposed to go out of business. I can understand and be empathetic towards companies that have their business destroyed because of the actions of another, such as fishermen having their livelihoods wiped out because of BP's oil leak. Those businesses deserve some intervention to help them get through the rough time that is no fault of their own. Companies that fail to innovate, however, and end up watching their balance sheets shift more and more downwards? Nah. Sorry. You tried and failed. You don't have a right to be in business, just because. You have to work hard and succeed, just like the rest of us.

    Failing businesses should be allowed to fail. Someone will figure out a successful business model and will fill the void or a market that no longer needs to exist (hello buggy whips) will fade into the history books.

  3. Ayn Rand was right. by d3ac0n · · Score: 3, Insightful

    It's frightening just how much modern American government has become like the nightmare Statist government in Ayn Rand's novels, constantly meddling with and attempting to control market forces that it and it's members are incapable of understanding or wanting to understand.

    Regardless of what you may think of her personally, she was prescient.

    --
    Official Heretic from the "Church of Global Warming". Proven right thanks to whistle blowers. AGW = Flat Earth Theory
  4. Stop. Just... stop. by aztektum · · Score: 5, Insightful

    Dear Washington,

    You're doing it wrong.

    Thanks,
    Everyone

    Seriously what the hell? Stop giving our money to greedy corporations. Want us to buy a house? Spend more on crap? Buy new cars? HOW CAN WE DO THAT WHEN YOU KEEP TAKING OUR $?

    OH wait. You'll just take it and give it to corps for free.

    Now, I am not a tax hater. I am fine with taxes for things like emergency services, libraries, roads, schools. The difference is those services provide for the public good. Forcing me to hand money over to your buddies at the "too big to fails" is bullshit. You crooked fucks.

    --
    :: aztek ::
    No sig for you!!
  5. Re:I don't see anything wrong with this by garcia · · Score: 4, Insightful

    Go ahead, "copyright" your investigated information.

    Oh fuck them and their investigated information. Asshole journalists steal the research done by bloggers, like myself, all the fucking time. While bloggers happily link to the information they are using for their work, journalists never do and cite how it's just not done in their industry.

    While I am happy to research, request, and even sometimes pay to make data public which may not have been before, I do expect that the journos will cite that work I did when they use my materials when they write their stories--just like I do for them. Using other people's work without citation is called plagiarism anywhere else in the world and I really and honestly believe that the entire journalism field needs to go back to college and learn how to do their jobs again. Perhaps at that point the industry will turn around for them.

  6. Want to save the news business? by blair1q · · Score: 5, Insightful

    Put a tax on lying.

  7. Libertarian alert! by openfrog · · Score: 3, Insightful

    It's frightening just how much modern American government has become like the nightmare Statist government in Ayn Rand's novels, constantly meddling with and attempting to control market forces that it and it's members are incapable of understanding or wanting to understand.

    Regardless of what you may think of her personally, she was prescient.

    Regardless of the merit of this case, don't you think it's just a bit early to come with this magic market libertarian stuff as we are still in the midst of a major financial crisis caused by massive deregulation?

    I am not bothered by the fact that you exist; I am seriously concerned, however, that there was one person to mod you insightful...

    1. Re:Libertarian alert! by Shakrai · · Score: 4, Insightful

      Regardless of the merit of this case, don't you think it's just a bit early to come with this magic market libertarian stuff as we are still in the midst of a major financial crisis caused by massive deregulation?

      Has it occurred to you that government interventions in the marketplace helped to create the imbalances that contributed to the financial crisis? Government keeps interest rates artificially low, thus negating any real incentive to save, then wonders why we have high debt and low savings rate. Government favors large corporations at the expense of small ones and then wonders why large players dominate the financial/telecommunications/medical/etc industries.

      Ever heard of regulatory capture? Ever wonder why established business lobbies in favor of regulations that make it harder for upstarts to enter the market?

      --
      I want peace on earth and goodwill toward man.
      We are the United States Government! We don't do that sort of thing.
  8. Re:No bailout for newspapers by Shakrai · · Score: 3, Insightful

    No, the automakers are kind of strategic assets

    No, their plant and equipment are strategic assets. That equipment wouldn't have vanished if GM went out of business. It would have been bought up by more nimble competitors during the Chapter 7 proceedings.

    --
    I want peace on earth and goodwill toward man.
    We are the United States Government! We don't do that sort of thing.
  9. Re:No bailout for newspapers by Shakrai · · Score: 4, Insightful

    What do you mean, "without someone to sell to"? Do you think the demand for automobiles would have disappeared just because GM went under? Ford, Toyota, Honda, etc. would have had to expand their capacity to meet increased demand. The easiest way for them to do that would have been to start purchasing parts from GM's now idled suppliers. There was no reason to bail them out other than as a gift to labor. Look at the way the administration abused the bankruptcy code. The bankruptcy code said that the bondholders were secured creditors and should have been repaid first -- but they got screwed while the unions got most of what they asked for.

    Beware the Government that can't even be bothered to follow it's own laws.

    --
    I want peace on earth and goodwill toward man.
    We are the United States Government! We don't do that sort of thing.
  10. Just make the News public domain. by thisissilly · · Score: 3, Insightful

    I would much rather see America turn to public funding for public domain news, instead of trying to let businesses copyright facts. One of the best news organizations in the world is funding by a TV license fee.

  11. Re:Start laughing now... by Qwavel · · Score: 4, Insightful

    Yes, laughing at this proposal is appropriate, but there is a real problem.

    Unfortunately, I think that I am the problem.

    In spite of the fact that I understand and value the role that newspaper play, particularly in investigative journalism, I continue to increase the amount of news that I get online.

    I often visit the sites of the same newspapers that I have always trusted, but I know that the revenue they get from my online presense is much less then they got from the subscription that I have now cancelled (and its associated advertising revenue). Once they get good enough, I'll get a pad or a tablet and stop reading from paper completely.

    As well, I'm slipping into reading articles from scattered sites, probably because those scattered sites pander to my particular view of the world and don't have to uphold the journalistic standards that the newspaper did.

    To top it off, I don't believe in bail-outs, which usually don't work and are typically politically motivated anyway.

    So, I'm not sure what the solution is, but I know that there is a problem. Not much help am I.

  12. Re:No bailout for newspapers by Shakrai · · Score: 3, Insightful

    From the millions of people that would have otherwise bought GM automobiles? You can't have such a bad understanding of economics as to believe that GM's demand comes entirely from employees of GM and GM suppliers.

    --
    I want peace on earth and goodwill toward man.
    We are the United States Government! We don't do that sort of thing.
  13. Re:Start laughing now... by kimvette · · Score: 3, Insightful

    This kind of bullshit is exactly why America needs to wake up and vote for people who are truly conservative. I do not mean "neocon" type conservatives who consider the Constitution an inconvenience, and certainly not "liberals" (as in the moonbat type) who consider it to be toilet paper, and I don't mean outright libertarians either; I mean people who actually read and understand the Constitution and who are grounded in common sense, and don't intend to legislate morality, prop up big business with pork legislation, not tell us what we can and can't eat, not legislating marriage (and in fact take marriage AWAY from government since interference in marriage is restricting freedom of worship as marriage is a religious construct), and certainly not tell us what we HAVE to buy (see: Obamascare, which is based on Massachusetts' failed RomneyCare), and not those who rack up insurmountable piles of deficit spending.

    Vote for people who want to preserve and protect the Constitution, that way the public good will truly be preserved for the generations to follow us. We need to stop voting based on who will protect or punish big business, but for those who consider the long term ramifications of such legislation. Vote for those who don't push for extended government micromanagement of our lives.

    We have only ourselves to think by turning it into a Red vs. Blue debate and allowing, no, demanding that government enforce those "values." Take back the country by voting for constitutionalists (regardless of party affiliation) and don't try to legislate what other people do. Want to affect change? LIVE the example; don't try to legislate it.

    Otherwise, the result will be exactly this kind of unconstitutional copyrighting of facts bullshit, and the perpetual "mickey mouse" and "sony bono" copyright laws. It really is a s;ippery slope because people see an opportunity to become a career politician than a true leader. The making of a good leader is a good servant. Constitutionally, our elected leaders report to us. In practice, politicians see it the other way and we need to send a very clear message to these stupid fucks in office that WE are in control and THEY are in place to SERVE.

    --
    The Christian Right is Neither (Christian nor right). See: Matthew 23, Matthew 25, Ezekiel 16:48-50
  14. Re:Start laughing now... by Machtyn · · Score: 3, Insightful

    Wow... a double whammy to free speech. News controlled by the government and news that can't be commented on. Granted, right now, most news outlets allow themselves to be controlled by the current administration, but they are slowly turning on the ineptitude.