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> if society wants news to exist it needs to be subsidized. Does society want to subsidize mostly clickbait journalism and incentivize creators to predominantl
by viscanti 4y ago
> if society wants news to exist it needs to be subsidized.
Does society want to subsidize mostly clickbait journalism and incentivize creators to predominantly write articles that will be shared widely? Or if society wants to subsidize news beyond headlines, might there be other content they would prefer is subsidized?
- HDThoreaun 4y agoI think giving everyone $10-50 a year or something as a tax rebate to be spent on news organizations is a better way to subsidize news that people actually want, but that seems like a tough political sell.
- restitutorOrbis 4y agoCanada already does this but the way we choose to do it requires jumping through a whole set of hoops for journalists. Take a look at this: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription.html https://www.canada.ca/en/revenue-agency/services/tax/individ...
- squeaky-clean 4y ago> The maximum credit will be calculated by: > multiplying the lowest personal income tax rate (15%) by the total of all amounts paid by the individual for qualifying subscription expenses in the year up to $500. Not a Canadian so I've never heard of this before, but does this mean it's just a 15% discount?
- RegnisGnaw 4y agoYep
- torton 4y agoIndeed, the sell is so tough that it is currently the law (2019-2025, up to C$75 digital news subscription credit). https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/deductions-credits-expenses/digital-news-subscription.html https://www.canada.ca/en/revenue-agency/services/tax/individ...