From Town Criers to Bloggers: How Will Journalism Survive the Internet Age?
I support the following! ACTIONS TO RESUCE JOURNALISM FROM THE OUTHOUSE BASEMENT IT IS NOW IN 1. Establish a “journalism” division of AmeriCorps 2. Establish a National Fund for Local News. (this one alone could save our country) 3. Establish Citizenship News Vouchers. Citizenship news vouchers would allow every American tax payer to allocate some amount of government funds to the non- profit media organization of their choice. 4. Provide a tax credit to news organizations for every journalist they employ. 5. Provide grants to universities to conduct investigative journalism 6. Allow the Small Business Administration to insure loans to fund new nonprofit journalism organizations 7. Allow content developed for international broadcasting to be used domestically. 8. Increase postal subsidies for newspapers and periodicals FINANCING PROPOSALS (I haven’t made up my own mind on any of these but number 4, but they seem on the right track and hopefully the discussion won’t get shut down before it starts) 1. Tax on consumer electronics. A 5 percent tax on consumer electronics would generate approximately $4 billion annually. 2. Spectrum auction tax. They suggest there be a tax on the auction sales prices for commercial communication spectrum, with the proceeds going to the public-media fund. This would be paid mostly by monopolies like Comcast. 3. Advertising taxes. They note a considerable amount of our broadcast spectrum has been turned over to disseminating commercial advertisements, and a 2 percent sales tax on advertising would generate approximately $5 to $6 billion annually. 4. Changing the tax write-off of all advertising as a business expense in a single year to a write-off over a 5-year period would generate an additional $2 billion per year. THIS WOULD ALSO BE A WAY OF TAKING CORPORATE MONEY OUT OF POLITICS IF DONE RIGHT. ADVERTISING AND POLITICAL CONTRIBUTIONS ARE written off as “BUSINESS EXPENSES” NOW AND THUS TAX FREE. CHANGING THIS COULD CHANGE EVERYTHING. 5. ISP-cell phone tax. They suggest consumers could pay a small tax on their monthly ISP-cell phone bills to fund content they access on their digital services. A tax of 3 percent on the monthly fees would generate $6 billion annually. The proposals also include restructuring of the corporate model to allow trustees of a company to seek something besides the bottom line. Public benefit corporations are now legal in Maryland and the FTC is interested in trying them nationwide.