There is absolutely a reason to get rid of it. Net "neutrality", as currently implemented, attacks the peering arrangements that were put into the spotlight by

There is absolutely a reason to get rid of it. Net "neutrality", as currently implemented, attacks the peering arrangements that were put into the spotlight by Netflix's CEO, Reed Hastings. He famously said that ISP's were holding his members "hostage" until they paid up. Then the net neutrality rules changed that. But if you look at what Hastings wants you'll see why it's a bunch of crap. Peering agreements exist for larger entities to trade bandwidth without having to keep paying each other for it and then have that count as income. It's much easier, for example, to have entity A send X TB of data to entity B and have entity B send X+Y TB to entity A and instead of each of them charging the other for the total bandwidth, they instead agree to just have B pay for Y and A pays nothing. Or if Y is small enough, they just consider it a wash because in the next month/cycle A might send more. What Netflix does is 99.99% all one way traffic. And he wants to send it for free. Currently he's getting away with that explicitly because of net neutrality rules. Otherwise, Netflix was facing huge transmission fees - and rightfully so. It is estimated that during peak hours Netflix consumes more than 1/3 of all internet bandwidth during peak hours, which is insane. Hastings wants this for free. And currently, he's getting it. So if the ISP's aren't getting paid for all that extra usage, who's paying for it? The ISP are increasing the cost of their plans to account for this since Netflix isn't paying them. This means that non-Netflix customers are subsidizing the cost of the service for all Netflix streaming users!