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Well..I can give you another example. In agriculture, the data extracted from the field is more valuable than farm gate prices. For example, you can generate w
by jelliclesfarm 4y ago
Well..I can give you another example. In agriculture, the data extracted from the field is more valuable than farm gate prices.
For example, you can generate weather data from a farm. That income doesn’t belong to the farmer but to the one who owns the land or the data.
Data has so much value addition. Grain doesn’t ..not for the farmer anyways. Income from value added data is taxable. Farm income isn’t.
We generally look at value from the pov of whether it can be taxed and whether it will generate employment which leads to more taxation. Money which creates value in a capitalistic economy is tied to employment and purchasing power.
Data can be reused again and again to create taxable goods. All food will become someone’s poop.
I am just making scribble points. But I am sure you can fill in the blanks.