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Rolling Stone, Privately Traded Company, Advocates Millennials Share the Wealth

Will the magazine's publisher start redistributing his multi-million dollar paycheck?

by
Susan L.M. Goldberg

Bio

January 9, 2014 - 10:30 am

rollingstone

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?

Susan L.M. Goldberg is a writer with a Master's in Radio, Television & Film and a PhD in Life who would be happy roaming the fields of Prince Edward Island with Anne of Green Gables, were it not for her strong belief in the axiom "all that is required for evil to prevail is for good women to do nothing." She prefers "Renaissance Woman" as opposed to any career title found on Monster.com. Her writing tends towards the intersection of culture, politics and faith with the interest in starting, not stopping the discussion. Follow her on Twitter @SLMGoldberg and @winegirlblog

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All Comments   (12)
All Comments   (12)
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just before I saw the receipt ov $9526, I did not believe ...that...my friends brother was like they say realie receiving money in there spare time at there computar.. there great aunt started doing this for less than 23 months and resantly paid for the dept on their condo and got a brand new Ford. Learn More star56.com
13 weeks ago
13 weeks ago Link To Comment
When everyone gets to become a guaranteed-living-wage drummer, artist, or whatever suits them, who is going to do all of the heavy-lifting. Yeah, that's what I thought.
13 weeks ago
13 weeks ago Link To Comment
Guaranteed job and universal basic income. That sounds great. Do we actually have to show up to work and do stuff to get the money?
13 weeks ago
13 weeks ago Link To Comment
Rolling Stone is aging hippies trying to hold on to their relevancy.
13 weeks ago
13 weeks ago Link To Comment
No, aging hippies trying to hold onto their money - although Wenner started with a lot.
13 weeks ago
13 weeks ago Link To Comment
Redistributing other peoples wealth is always popular.
13 weeks ago
13 weeks ago Link To Comment
I like how rich 'revolutionaries' always seem to advocate wealth distribution, but never seem to give more than a token of their own wealth. Sure they may drop a $10 million dollar check on some charity, but if that's only 5% of their wealth and they only need a few million to keep up their cars, houses, boats and staff, how much is it really? I'm sure the charity really appreciates it and the gift is welcome, but it is hardly a sacrifice. Some of the wealthy that talk most about wealth distribution seem to give the least. All their money is tied up in corporations, trusts, off-shore accounts and otherwise untouchable by the taxman, yet the wealthy guy still gets the benefit of the money. I don't blame people for keeping money they earn, I just find it hypocritical that some people want everyone else to sacrifice for their cause, but not they themselves. If they start giving sacrificially, selling homes, gifting whole paychecks or stock options, living on less than a million, or better, less than $100 thousand per year, then maybe I'll start listening to them.
13 weeks ago
13 weeks ago Link To Comment
Bono of U2, the outspoken advocate for wealth redistribution, moved his accounts out of the country to a more tax friendly haven.

Douche bag.
13 weeks ago
13 weeks ago Link To Comment
This is exactly the dirty little misdirection and self serving hypocrisy of wealthy government elites and their wealthy supporters in the media, Hollywood and among coastal liberal poseurs. High income taxes only prevent others from becoming wealthy - they do nothing that bothers the already wealthy. For them, reportable income can always be minimized to be a tiny fraction of what they have. The day someone starts to push for a wealth tax, watch them all panic and run for cover - including Obama, Pelosi, Reid and this obnoxious joker who owns Rolling Stone,
13 weeks ago
13 weeks ago Link To Comment
When this topic comes up I think of a Drudge headline of a day or two ago: Obama returns from a four million dollar vacation ready to take on the problem of income inequality.
Hypocracy may not be the greatest sin, but only a librul like Obama would try to make a virtue out of it.
13 weeks ago
13 weeks ago Link To Comment
"Rolling Stone is the pulse of youth culture".

This is the pic from their media kit. I wouldn't hire this jackass to mow my lawn:

http://www.srds.com/mediakits/rollingstone/index.html
13 weeks ago
13 weeks ago Link To Comment
He looks like he could be Obama's son, Trayvon's brother.
13 weeks ago
13 weeks ago Link To Comment
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