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Journalists should not be paid by the government

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From the Canadian Taxpayers Federation

Author: Kris Sims

Trust in journalism is crumbling while government funding of the media ramps up.

The Trudeau government is currently in a spat with tech giants Google and Facebook which could cost taxpayers big money.

Bill C-18 is forcing internet companies to pay media corporations when links to news stories are posted. In retaliation, the companies are vowing to block news links from their services.

The brass from media companies say if their news links are banned, they will lose out on millions of dollars.

What happens if Big Tech refuses to pay?

This Trudeau government is eager to have a place in the newsrooms of the nation.

“We have to make sure that newsrooms are open, that (journalists) are able to do their job and (they) have the resources necessary,” Heritage Minister Pablo Rodriguez told reporters.

In government speak “resources” means taxpayers’ money.

It’s time to set out a fundamental truth: having the government sign the paycheques of journalists who are supposed to impartially cover that very same government is a massive conflict of interest.

Columnist Andrew Coyne penned it well back in 2019 when the so-called media bailout was first being hatched:

“Taking money from the people we cover will place us in a permanent and inescapable conflict of interest; that it will produce newspapers concerned less with appealing to readers than to grantsmen.”

Fast forward four years and those media bailout deals are coming up for renewal, with the funding set to run out at the end of the fiscal year.

According to the heritage minister wielding the taxpayer piggybank, it sounds like more government-funded media is on the way.

That’s the last thing we need.

The CBC already gets more than $1.2 billion in taxpayers’ money every year and the feds budgeted $595 million for the media bailout over the past four years.

This means taxpayers have poured about $5.3 billion into the CBC and private-sector newsrooms over the last four years.

That kind of money would buy a year’s worth of groceries for about 350,000 families. It could cover the annual income tax bill of more than 380,000 people – about the population of London, Ontario. It could buy about 7,400 homes.

This government-funded media scheme isn’t just a waste of money, and it’s not just a conflict of interest – it also isn’t supported by Canadians.

More than 59 per cent of Canadians surveyed said the government should not fund newsrooms “because it compromises journalistic independence.”

That “journalistic independence” is an endangered species.

A Trudeau government committee is deciding what a journalist is, what a qualified newsroom is and the government is paying journalists.

The term “free press” doesn’t mean newspapers were free to take off a newsstand. It means the press is free from government influence and censorship.

Journalists should not be paid by the government. Newsrooms should rely on money from advertising, subscriptions and free-will donations from people who support them.

Under Trudeau’s bailout program newsroom employees get 25 per cent of their salaries covered by the government, up to a maximum of $13,750 per person.

Imagine being a journalist and knowing a big chunk of your paycheque is covered by the same government you are covering.

That’s like referees saying they can call the game fairly while also making bets.

Even the perception of corruption or bias erodes trust and a majority of Canadians have lost trust in journalists.

According to a longstanding survey that gauges trust, 61 per cent of Canadians think “journalists and reporters are purposely trying to mislead people by saying things they know are false or gross exaggerations.”

Most Canadians now think journalists are trying to mislead them on purpose.

For journalists who believe their craft is a calling and that speaking truth to power is a nearly sacred task, that distrust is very tough to hear.

But we must listen. We can’t afford not to.

Kris Sims is the Alberta Director for the Canadian Taxpayers Federation and a former longtime member of the Parliamentary Press Gallery.

Business

Bill Gates Gets Mugged By Reality

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From the Daily Caller News Foundation

By Stephen Moore

You’ve probably heard by now the blockbuster news that Microsoft founder Bill Gates, one of the richest people to ever walk the planet, has had a change of heart on climate change.

For several decades Gates poured billions of dollars into the climate industrial complex.

Some conservatives have sniffed that Bill Gates has shifted his position on climate change because he and Microsoft have invested heavily in energy intensive data centers.

AI and robotics will triple our electric power needs over the next 15 years. And you can’t get that from windmills.

What Bill Gates has done is courageous and praiseworthy. It’s not many people of his stature that will admit that they were wrong. Al Gore certainly hasn’t. My wife says I never do.

Although I’ve only once met Bill Gates, I’ve read his latest statements on global warming. He still endorses the need for communal action (which won’t work), but he has sensibly disassociated himself from the increasingly radical and economically destructive dictates from the green movement. For that, the left has tossed him out of their tent as a “traitor.”

I wish to highlight several critical insights that should be the starting point for constructive debate that every clear-minded thinker on either side of the issue should embrace.

(1) It’s time to put human welfare at the center of our climate policies. This includes improving agriculture and health in poor countries.

(2) Countries should be encouraged to grow their economies even if that means a reliance on fossil fuels like natural gas. Economic growth is essential to human progress.

(3) Although climate change will hurt poor people, for the vast majority of them it will not be the only or even the biggest threat to their lives and welfare. The biggest problems are poverty and disease.

I would add to these wise declarations two inconvenient truths: First: the solution to changing temperatures and weather patterns is technological progress. A far fewer percentage of people die of severe weather events today than 50 or 100 or 1,000 years ago.

Second, energy is the master resource and to deny people reliable and affordable energy is to keep them poor and vulnerable – and this is inhumane.

If Bill Gates were to start directing even a small fraction of his foundation funds to ensuring everyone on the planet has access to electric power and safe drinking water, it would do more for humanity than all of the hundreds of billions that governments and foundations have devoted to climate programs that have failed to change the globe’s temperature.

Stephen Moore is a co-founder of Unleash Prosperity and a former Trump senior economic advisor.

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Automotive

Elon Musk Poised To Become World’s First Trillionaire After Shareholder Vote

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From the Daily Caller News Foundation

By Mariane Angela

Tesla shareholders voted Thursday to approve an enormous compensation package that could make Elon Musk the world’s first trillionaire.

At Tesla’s Austin headquarters, investors backed Musk’s 12-step plan that ties his potential trillion-dollar payout to a series of aggressive financial and operational milestones, including raising the company’s valuation from roughly $1.4 trillion to $8.5 trillion and selling one million humanoid robots within a decade. Musk hailed the outcome as a turning point for Tesla’s future.

“What we’re about to embark upon is not merely a new chapter of the future of Tesla but a whole new book,” Musk said, as The New York Times reported.

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The decision cements investor confidence in Musk’s “moonshot” management style and reinforces the belief that Tesla’s success depends heavily on its founder and his leadership.

“Those who claim the plan is ‘too large’ ignore the scale of ambition that has historically defined Tesla’s trajectory,” the Florida State Board of Administration said in a securities filing describing why it voted for Mr. Musk’s pay plan. “A company that went from near bankruptcy to global leadership in E.V.s and clean energy under similar frameworks has earned the right to use incentive models that reward moonshot performance.”

Investors like Ark Invest CEO Cathie Wood defended Tesla’s decision, saying the plan aligns shareholder rewards with company performance.

“I do not understand why investors are voting against Elon’s pay package when they and their clients would benefit enormously if he and his incredible team meet such high goals,” Wood wrote on X.

Norway’s sovereign wealth fund, Norges Bank Investment Management — one of Tesla’s largest shareholders — broke ranks, however, and voted against the pay plan, saying that the package was excessive.

“While we appreciate the significant value created under Mr. Musk’s visionary role, we are concerned about the total size of the award, dilution, and lack of mitigation of key person risk,” the firm said.

The vote comes months after Musk wrapped up his short-lived government role under President Donald Trump. In February, Musk and his Department of Government Efficiency (DOGE) team sparked a firestorm when they announced plans to eliminate the U.S. Agency for International Development, drawing backlash from Democrats and prompting protests targeting Musk and his companies, including Tesla.

Back in May, Musk announced that his “scheduled time” leading DOGE had ended.

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