The Advertising Tax

Back when Bill Gates was running Microsoft and Oprah was on TV, both were on the richest people in the world list. Gates made money in a crucial technology, Oprah became rich through a talk show and the advertising tax which raises prices on all goods. Advertising isn’t a tax but it may as well be. People complain about taxes and inflation but they don’t complain about how much consumer money goes to those Super Bowl ads which are celebrated every year. For decades, rich professional actors were blocked from doing commercials to let unaccomplished actors get a start and the cost of commercials were less, but that has changed.

This is one of many broken system taxes. The stock market is another broken system which began as a balancing system to the economy but the system doesn’t balance so well anymore.