One of the biggest problems with our impoverished media sector is the fact that nobody covers anything that matters anymore. We’ve got a lot of outrage, and a lot of time and effort spent on simple compelling stories. But if you’re truly interested in what’s going on in the world, or the direction that our government is going in, these stories are largely useless. What matters is almost always a lot more complex.
This channel’s first big hit dealt with one of those issues. We were the only folks looking at the Foreign Account Tax Compliance Act (FATCA) who didn’t expect to make millions off of it. So we were able to show what the ramifications of the legislation were to a wide audience. I’m beginning to think that the elimination of the State and Local Tax Deduction (SALT) is a similarly important issue. Sounds boring, but the implications are immense. This video attempts to lay out that story.
This week’s video lays out how easy it would be to fix Congress. This prompts a question though. If it’s so easy, why hasn’t it happened yet? I think the answer is pretty simple. Everybody hates Congress. It’s a vicious cycle we’re in. Congress has always been corrupt. Over the past half century or so, it hasn’t been very good at getting things done either. The general uselessness of Congress makes people angry. So they take funding away from it, and Congress gets even more useless. Nobody wants to stand up for Congress because it’s an unpopular position. Which makes it a perfect topic for this YouTube Channel.