For several weeks now Federal Trade Commission members have been discussing imposing taxes on web publishers like Matt Drudge (The Drudge Report) and myself (with this blog, plus my fast-growing news website, TheRockwallNews.com).
They’ve also discussed taxing consumer electronics such as iPads, laptops and Kindles to help “Old School” newspapers to stay alive. Funds collected would be redistributed to traditional media outlets.
FTC Chairman Jon Leibowitz finally torpedoed the device tax in testimony Wednesday before a Senate Judiciary subcommittee, saying, “I think that’s a terrible idea.”
A poll released Tuesday by Rasmussen Reports found that three out of four of those surveyed opposed taxing gadgets, as well as the “Drudge Tax.”
“The American people have absolutely no interest in taxing new media or consumer electronics to prop up an industry that’s clearly on its way out,” pollster Scott W. Rasmussen said in an interview.
Thank goodness! Even newspaper ad sales people are pushing ads on their websites because of the dramatic shift in readership patterns.
Rasmussen reported last year that US citizens now clearly prefer obtaining their news from the Internet than any other media, although some other surveys say people still prefer to get their new from network and local TV. All those hundreds of laid off news reporters across the country likely agree with Rasmussen.
Billionaire Warren Buffet recently stated that the one industry he absolutely would not invest in is newspapers.
I predict within five years or less, most all newspapers will either have become strictly websites or not exist. By then TheRockwallNews.com should have tens of thousands of readers and be clearly the most popular news source in Rockwall County.