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California Governor Proposes Digital Dividend Aimed At Big Tech (bloomberg.com)
An anonymous reader quotes a report from Bloomberg: California Governor Gavin Newsom proposed a "digital dividend" that would let consumers share in the billions of dollars made by technology companies in the most populous U.S. state. In his "State of the State" speech on Tuesday, Newsom said California is proud to be home to tech firms. But he said companies that make billions of dollars "collecting, curating and monetizing our personal data have a duty to protect it. Consumers have a right to know and control how their data is being used." He went further by suggesting the companies share some of those profits, joining other politicians calling for higher levies on the wealthy in U.S. society. "California's consumers should also be able to share in the wealth that is created from their data," Newsom said. "And so I've asked my team to develop a proposal for a new data dividend for Californians, because we recognize that data has value and it belongs to you." Newsom didn't describe what form the dividend might take, although he said "we can do something bold in this space." He also praised a tough California data-privacy law that will kick in next year.
The rest of the USA needs to tell investors in CA what they have to offer.
Imagine a state with clean streets.
Low tax.
Low power bills.
Fast internet.
No strange new city and state laws about how to run a business.
Lower cost housing in nice communities.
A transport network thats well designed and that gets people to work on time.
Low crime and well paid police than enforce the law.
No strange new taxes on wealth, productivity, profits, innovation, investment, creativity.
Workers who can be hired on merit.
College education that produces skilled workers not protesters.
Domestic spying is now "Benign Information Gathering"
How do you pull all of this off? You want low taxes, but at the same time you want to offer a load of services that would have to be paid for with taxes.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Right here?
Declare private data to be IP and copyrighted by the entity creating the IP.
Calculate the value of the IP by examining the revenue generated from it.
Pay royalties to the owners of the private IP whenever and wherever the data is used/reused, in perpetuity.
For those who don't wish to sell their IP, allow them to opt out. Any private IP harvested will be theft.
I have to think of everything and stuff.
It little behooves the best of us to comment on the rest of us.