Rolling Stone, Privately Traded Company, Advocates Millennials Share the Wealth
Will the magazine's publisher start redistributing his multi-million dollar paycheck?
January 9, 2014 - 10:30 am
My colleague Walter Hudson recently ripped into the ignorance of Jesse A. Meyerson’s Occupy-hipster treatise, “Five Economic Reforms Millennials Should Be Fighting For.” The article was published in Rolling Stone magazine, the flagship publication of Wenner Media, a privately owned company. To clarify: ”Privately held companies are not required to file financial disclosure documents with government regulators such as the SEC, so detailed financials usually are not readily available to the public.”
In other words, the publisher of the magazine that prints articles informing readers they should advocate for:
- “Job guarantees” through the non-profit (i.e. taxpayer funded) sector
- A “universal basic income” funded through (taxpayer-based) Social Security
- The creation of a “simple land-value tax”
- A taxpayer-funded “sovereign wealth fund”
- Taxpayer-funded state-owned public banks
doesn’t need to tell you one darn thing about the amount of taxes they do (or don’t) pay. Who knows? Wenner Media might just qualify as one of Meyerson’s despised “megacorporations”. The fact that the company’s co-founder, Rolling Stone publisher Jann Wenner, is worth a cool $700 million makes you think twice, unless you’re some twentysomething hack who has a proclivity for overusing the word “blow.” Did the editors have to cut out his Beavis and Butthead-like chuckles from the text? No wonder the guy is advocating for a government-funded job watering that fern in his Williamsburg apartment (or, as he prefers to call it, “urban farming”); the only reason he managed to swing a writing gig is because he’s a glorified mouthpiece for the same yuppie political hucksters he claims to be fighting against. That’s right, Meyerson’s a Tool for the Machine. Huh-huh-huh, I said tool.
Forget the fact that the guy who thinks we have an unemployment problem because available jobs are “menial” and “boring” is also the same guy who believes putting every adult on an auto-pay system will actually improve individual well-being, stimulate the economy, and spark a cultural renaissance in “painting murals.” You can’t reason with stupid. You can only laugh at the irony of a Marxist hippie ideology being parroted in a magazine created by a Marxist hippie that has become a pathetic homage to ideas so dense and ridiculous that their owners, like Jann Wenner, long ago left them in the dustbin to pursue successful truths, like capitalism, the free market, and the ability to own private corporations.
Congratulations, kid, you’ve been duped. But at least Mr. Wenner and the 30% of Rolling Stone readers whose income exceeds $100,000 a year were kind enough to redistribute some of their money your way.
Working sure feels good, doesn’t it?