This reminds me of....

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Auctioning off airwaves to billionaires is wrong. »
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Transmaster
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Of a story line in Al Capp's Lil Abner. Lonesome Polecat and Hairless Joe whipped up a batch of Kickapoo Joy juice (KJJ). It somehow ended up on an airplane which flew over a country which was located on a large iceberg. The KJJ was dumped over their iceberg. It was soon discovered it made the ice irresistible to eat. So the citizens of this country started selling off the ice. They ended up selling off their entire country. Well the present KJJ is RF spectrum and the FCC it selling off for up front money what they could lease and get long term income off of. Really dumb.
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permalink · 2006-08-08 10:48:08 · Print ·

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Re: This reminds me of....

said by Transmaster

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Well the present KJJ is RF spectrum and the FCC it selling off for up front money what they could lease and get long term income off of. Really dumb.

But the US Treasury isn't giving up all future benefits by selling the spectrum off instead of leasing it. Because all the additional use of the new spectrum leads to more profits due to new wireless business and that leads to more income taxes, excise taxes, etc. So the Treasury does get a continuing stream of money from the sale of the spectrum anyway.
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permalink · 2006-08-08 11:15:41 · Print ·

RadioDoc 58ef2c0 Premium,ExMod 2000-03 join:2000-05-11 ·AT&T Midwest	They are auctioning off licenses to use the spectrum, which is similar to a lease, and each license has a clause which disavows any licensee ownership of any spectrum used by said licensee. You might want to read up on the process a bit before sounding 'really dumb'. -- Toolmaster of La Grange.
	permalink · 2006-08-08 13:44:20 ·

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Auctioning off airwaves to billionaires is wrong. »
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