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How About $16 Billion in Gov Subsidies for the Media?

How about we give every American $50 to donate to their favorite medical organization? Nah. $50 to donate to their favorite grocery store? Nope.

$50 to donate to their favorite media outlet? Sure.

Here is a novel idea for saving serious journalism: Give every adult American $50, via an income tax checkoff, to donate to a favorite news outlet.

This is not the work of the proverbial crackpot blogger in her pajamas but rather a white paper from a group of seven well-credentialed academics, led by Guy Rolnik of the Stigler Center of the University of Chicago Booth School of Business.

No “crackpot blogger” would have come up with this. Just as no crackpot blogger would suggest massive government subsidies for any industry. That’s what “professionals” do. “well-credentialed” professionals who write white papers urging massive government subsidies.

What would this cost? A mere $16 billion or so. No big deal.

Are these “well-credentialed academics” seriously proposing a plan that could would direct millions to conservative media? Of course not.

Read the full story from Front Page Mag

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