5 ms·
> The ACCC considers that consumers effectively pay for Google’s services with their data, so this change introduced by Google increased the “price” of Google’s
by jb775 6y ago
> The ACCC considers that consumers effectively pay for Google’s services with their data, so this change introduced by Google increased the “price” of Google’s services
It's interesting to think about a privacy policy tweak as a "price increase". I wonder if data will become regulated to the point where monetary value is transferred away from large companies and towards individual users so countries can tax their citizens on it.
- hnick 6y agoIt seems to be an extension of the idea of Consideration in contract law. That makes sense to me. You can't change the agreement to extract more value without giving something back in return.
- judge2020 6y agoSimple: increase free Drive space by 500MB, or even 1MB, each time it's updated.
- chii 6y agoBartering for individuals tend to not be a taxable event. It's muddy when it involves a business and an individual tho - very hard to say if it's fair to tax bartering. But it's certainly not fair (imho) to tax the individual just because it's hard to tax the business for it.
- catmanjan 6y agoThis isn't true in Australia, you are meant to pay tax on barter, even individuals - I could even see the tax office pursuing it for big ticket items like heavy machinery
- dudheheie 6y agoThe value in that scenario is being removed from the consumers not the companies, the consumer is the source and they exchange their data for services that would otherwise cost money. So in effect such a law would make the people poorer. Europe will probably like the idea because they've given up on fostering a competitive software industry but for nations that want to matter in cyber space like the US, China, Japan, and Korea, it's hard to imagine such a tax (essentially a production tax) actually benefitting consumers wallets.
- mrmonkeyman 6y agoHow much would the average person pay for facebook and friends? 10-20 a month? Making us poorer? I suspect it would be a huge boost to productivity and overall happiness to paywall that "services".