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We really need a funded and functioning SEC and FTC. They have failed us in the 21st century. However, breaking things up won't be a panacea. It worked in the p
by snarf21 5y ago
We really need a funded and functioning SEC and FTC. They have failed us in the 21st century. However, breaking things up won't be a panacea. It worked in the past but even spinning out Instagram won't open up much space for an Instagram competitor given the existing network effects. To fix some of these issues, I think we need a tax on digital advertising revenue. Right now it is way too profitable to just create click-bait and rake in the money.
- Nasrudith 5y agoThe idea of taxing digital advertising revenue because it is too profitable as an antidote makes no sense on at least three different levels. 1. It being profitable is good for getting more people to get into the market. Taxing it by activity if anything discourages competition! 2. What does degree of profitability have to do with clickbait? Spamming isn't very profitable but it does generate some revenue so we are stuck with the crap. 3. The advertiser network's profit is entirely seperate from how much the individual end-point earns by showing them.