Published Wednesday, December 26, 2007 by Tim Swanson
On January 24 a strange transaction will take place. At least $4.6 billion dollars will change hands between one or more firms and the FCC. The likely payoff is estimated to be somewhere between $10 and $30 billion.
Up for grabs is the government-granted monopoly for "beach front" radio frequencies, which are being ceded over from analog transmission for digital use (channels 52–69).
Tim Swanson asks: where does all of that money go?
In terms of revenue generation, the FCC is second only perhaps to the IRS in extracting wealth from citizens and businesses.
(Original Text)
The Spectrum Swindle (4.89 MB)