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Americans Taxed $400 Billion For Fiber Optic Internet That Doesn’t Exist

posted by martyb on Monday December 04 2017, @08:24PM   Printer-friendly
from the getting-shafted dept.

canopic jug writes:

For decades, people in the US have been given a song and dance by the telecoms about how tax cuts, surcharges, and a long list of other expenses are necessary for telecoms to "invest" in infrastructure. The concessions are granted again and again, but the investments are never actually made. In all, US taxpayers have paid $400 Billion in taxes and Internet surcharges for fiber optic upgrades that never happened.

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  • (Score: 0) by Anonymous Coward on Monday December 04 2017, @11:59PM

    by Anonymous Coward on Monday December 04 2017, @11:59PM (#605412)

    The fat cats aren't really good at what they do; within a few generations of free market activity, they will have squandered away their wealth and sold off their assets to more capable hands.

    You know, it's funny.

    So many people scream and moan about the need to reduce government so slowly that "cuts" in the budget are in fact just reductions in the rate of budget increases. Yet, when it comes to free market activity, they consider it a total failure unless some perceived injustice be fixed faster than anybody notices it.

    Evolution, not Revolution.