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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.
He's gonna tax 'em.
And then, California will watch them leave the state.
"Progressives" just can't stop themselves from killing the goose that lays golden eggs, can they?
Is it any wonder that leftist policies universally have lead to bankruptcy and mass death?
BUT THIS TIME, IT WILL WORK!!!
Yeah, sure it will.
People who use these services for "free" get to do so because of data collection. I'm assuming that California residents also get to use the services for free. Not sure why they are entitled to get money back from these companies as well as free service.
If the subtext to all of this is the affordable housing crisis in California, then build more damn houses.
My Other Computer Is A Data General Nova III.
To a low tax state that respects your right to innovate.
Lots of other great US states have fast internet and low tax.
Low power costs and an educated workforce that's ready.
Escape the trash, waste, crime, new taxes and find a better state.
They will let you keep your employee cafeterias too.
Domestic spying is now "Benign Information Gathering"
Parasites doing parasitism on more parasites. Don't delude yourself into thinking that social media tech companies are producers of anything of value.
Once the sate and city gov want too much of the profit then staying in CA will be difficult.
Who wants to see most of their profit and wage go to the gov?
Domestic spying is now "Benign Information Gathering"
But then how will we know what they had for dinner?
Maybe the citizens of the state could get a refund on the multibillion dollar waste on high speed rail line project which was recently canceled.
This posting is provided 'AS IS' without warranty of any kind, implied or otherwise.
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"
Why the Newspeak ?
"Not to mention all the idiots who use words like boxen."
Anonymous Coward on Monday August 04, @06:49PM
Obviously he's just going to tax them, I doubt he's suggesting the state should buy a big chunk of stock. But one could just buy stocks and directly enjoy the dividend -- and YOU pay taxes on it.
Either way the government is getting your money.
Parasites sucking on parasites. That's somewhat funny if you think about it.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Maybe the fact that companies aren't moving out of California means that the market has already spoken, and that making a shitty state low-tax doesn't make up for being a shitty state. Maybe those low-tax states should raise taxes and become better places to live to attract those companies.
It's so strange to assume that really rich companies (or billionaires) care so much about saving 10% off their taxes that they'll take a heavy hit to their quality of life. I mean, they could save more than that by moving from a private jet to first-class or a 250' yacht to a 200' yacht. And they don't.
Your ad here. Ask me how!
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.
This is the government, why buy when you can simply take what you...
No, wait, we're talking about taking something from corporations, not mere humans. Ok, then it ain't that easy.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
...a tricky conflation of individual rights with socialism. Privacy with compulsory wealth redistribution.
I don't follow your logic:
H-1B population, they will go where the jobs are. If major tech companies move to some small rural town in Arkansas, they will move there. Being on a Visa, usually means the Visa holder isn't as settled as citizen are so getting up and moving to where ever the work is, is nearly their lifestyle.
Housing costs is a MAJOR issue in California, such tight control isn't needed in states where you can buy a home with over 2000sq/ft and and acre of land pay less then two thousand dollars a month on a normal 30 year mortgage.
By what other amenities are you talking about? How does this compared to other well populated states, New York, New England states, New Jersey....
New York State, actually has a stricter gun safety law.
California isn't bad, but tech companies are not stuck there, and if California makes life too difficult or unprofitable, companies can move out without major consequences.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
Except that this wealth is not only created by Californians, or even only by Americans. The wealth is created by people all around the world. So that wealth should be split evenly by the number of users in those other countries/states/provinces.
#DeleteFacebook
There's plenty of cities in different states, that have MUCH lower taxation, yet are able to provide plenty of city services (police, fire, schools, etc).
These places also don't tell you how to run your business.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
I think you mean they have more anti-citizen intrusion into your 2A rights.
There's plenty of people that would want to move to more free states where they respect ALL of your rights as a citizen.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
There they go again: politicians buying votes with other people's money.
If they have a genuine interest in protecting people's data, all they need is to copy the GDPR. It's one of the few truly good things to come out of the EU parliament: companies must have your explicit permission in order to collect and use your data.
But that's not what this proposal in California is about. This is about sounding good, winning political brownie points by promising to hand out someone else's money.
Enjoy life! This is not a dress rehearsal.
Now we're talking. Can you name some of those places, maybe there's something to be learned.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
California is too much their lapdog for them to leave. That state has everything a tech giant wants, be it a burgeoning H-1B population, control of housing, amenities that no other state offers, and the best gun safety laws in the US, ensuring children stay safe.
The governor and state congress will go before the tech companies do.
Will that be before or after the san andreas fault opens up and swallows the whole lot?
Wanna buy a shirt?
https://www.redbubble.com/people/stealthfinger/shop?asc=u
If you want a "dividend", buy their stock low and sell it high.
As a non-Californian shareholder in a few of these big data companies, I can see numerous lawsuits springing up. The state is producing a new class of 'shareholder' unilaterally that will take a cut of companies revenue before the rest of us get paid. I put shareholder in quotes because I don't see where members of this class will be required to take ownership positions (buy stock) as a condition of receiving the dividend.
Have gnu, will travel.
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.
Easy, drop all the bullshit entitlement programs and focus on services that benefit productive members of society.
companies don't move to high cost of living areas because they want to. They do that because all the talented college grads want to live there.
My Kid is finishing up college and wants to move to one of the pricey cities in Colorado. As an old dude that doesn't make sense to me since I don't want to pay $2k/mo for a decent apartment but if I was young I'd want to live in a big, fun city.
For lower tier jobs workers go where the work is. But for the higher tier stuff it's the other way around. See here
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
I expect he sees the nation from the California perspective. (like we see in Hollywood)
The Standard Good American life, California. (Full House)
The tough inner city life style with oddly very large appartments, New York City (Friends/Sienfield)
Hillbillies, and struggling lower middle class. The rest of America. (Married with Children/Rosane)
Either that his post was meant to be sarcastic to try to show how Liberal California is, because Fox News is based in New York City, so California is the whipping boy of the LiBeRaL Agenda.
If something is so important that you feel the need to post it on the internet... It probably isn't that important.
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.
the problem with these tech companies (and also the reason they're so popular with investors) is they "scale" too well. You can have a company with 10,000 employees bringing in $5+ billion a year with a $100 billion market cap. This means very little of the money they generate is making it into the community at large.
In the "old" days you'd just tax the income of the investors but they're hiding their money, so we have to get creative if we want to have a civilization around these folks. Otherwise they'll take everything for themselves while making you and me pay for the services they want (teachers, police, fire dept, roads, etc).
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
Parasites doing parasitism on more parasites.
Came here to say this. No sympathy. Let the left eat itself.
Socialism: a lie told by totalitarians and believed by fools.
Except most states enforce non competes, so no, workers can not be hired on merit. And no, you can't run the business how you want, startups are somewhat of a pain if your former employer can lawsuit you out of existence.
And no state has the university system California has. California has 5 different university systems to pull graduates from: Community Colleges, Cal State, UC, private (Stanford, Cal Tech, USC), and private systems (Claremont Colleges, which includes Harvey Mudd). We have more universities and colleges then most of the western US combined.
Also, and here is the real kicker: No you can't say low power bills and clean streets when the streets are getting baked into oblivion by heat, or getting iced over 2-3 months of the year and having to get plowed/salted, and you have to run AC or heaters pretty heavily for anywhere from 2 to 6 months a year, depending on heat and humidity or extreme cold.
We already got Toyota and State Farm from the (nastiest) bay area. Both have relatively sane blue collar workers. Don't want a bunch of feely feels tech (wannabe) millionaires coming in here and making even more waves, driving up the cost of living and turning the state even more liberal. If ya wanna be a foam speckled progressive, at least try to stay in Austin.
Austin is the designated Californian Containment Zone in Texas. Please respect our boundaries.
Socialism: a lie told by totalitarians and believed by fools.
A couple problems with this:
1. Alaska population is less than 1 million people. California is almost 40 million.
2. You don't think all the big tech companies in California wouldn't push back on this as hard as they can?
Also, even if they went along with it: this 'dividend' wouldn't amount to much per person.
Also it's just going to inflame Republicans and other Conservative types, who will brand it as 'socialism' -- and they're not wrong, it is socialism.
I'm not sure what Newsome is thinking here, other than wanting to keep in the news.
Nice to see we still have rational folks on /.
I honestly don't mind paying what I pay now for Internet / power. It's everything else that I don't want, socialism being at the top of that list. Really wish that bunch of poor people with horrible work-ethic and mindset weren't voting for people to destroy the country.
- Alex
California has a gun homicide rate of 3.3/100k. That is above average, worse than 31 other states.
Gun violence in the USA by state
Will that be before or after the san andreas fault opens up and swallows the whole lot?
San Andreas is a transform fault.
It slides laterally. It does not "open up".
It is actually Washington and Oregon that are in danger of being swallowed up. So sell your Microsoft and Amazon stock.
If my data really belongs to me, how about letting me control it? I don't want a "dividend" from the money companies make by exploiting my data. I want them to stop exploiting my data. If you really mean what you say about my data belonging to me, I should be able to insist on that.
"I'm too busy to research this and form an educated opinion, but I do have time to tell everyone my uninformed opinion."
Is it any wonder that leftist policies universally have lead to bankruptcy and mass death?
Yeah, look at California and Massachusetts. They're shitholes compared to the splendor of hard right leaning places like South Carolina, West Virginia, Kansas..
I don't respond to AC's.
What are these magical low-tax states with educated workforces and low taxes that you speak of? Last I heard, it takes tax money to create educated people.
I don't respond to AC's.
yes but then hordes of Californians will flock/invade to said state, thus bringing all of their problems with them.
Arizona Bay can't happen soon enough.
Yeah, we're watching with horror in the PNW. :(
My condolences.
Well, until the Yellowstone caldera blows then everyone East of Yellowstone is toast.
Not many states are respecting all rights. Lots of red states are quite happy to restrict or attempt to restrict rights; the right to vote while not being white, the right to due process even if poor, the right to abortion, the right to have an unpopular religion, and so forth. While California has flaws you will not find a flawless place to build a new company. Better to look for the advantages in a location.
And don't forget that California is a huge state. We've got deep blue and deep red and they make lots of noise, but overall it's somewhat centrist with a slight left lean. The previous governor was pretty much a left leaning centrist, and the one before that was a right leaning centrist, and it keeps going that way for awhile.
Californians are already leaving or plan to leave.
https://www.cnbc.com/2019/02/12/growing-number-of-californians-considering-moving-from-state-survey.html
Just don't move to my state and fuck things up like you did back home!!
Well, there's Oz for one. Though it's taken a bit of a dive after the Wizard left.
Nobody has been seriously talking about bringing Socialism to this country, that's either just a scare tactic or someone not knowing what Socialism means. Now we might have socialized services but that is not the same thing at all.
The problem is that we have a few generations who were brought up to learn that unions were a gateway to socialism and socialism was a gateway to communism and communism was a gateway to atheism. So any vague hint of worker's rights or government programs will cause some people to cry that Zombie Marx is walking the land looking for brains to eat.
Err, these are all available in all US states....right to vote is not tied in any way to race, geez, where did you get this from?
You get due process if poor....you just may not get the best lawyer, but that applies to all states.
I will give you that abortions are getting more restricted in a few states, and I disagree with that, however, the ones that trying to truly almost deny you one, are being taken to court and their laws are on hold till adjudicated.
You can have any religion you want in any US state, as long as it doesn't break any laws, I mean, no human sacrifices, but aside from that you can be just about what you want to be in any of the states.
I"m not sure where you're pulling this stuff from....
Hey, we can just keep it simple.
Most of the states fully support and try to make sure their citizens are protected especially for the full Bill of Rights....except a few like CA, NJ and NY and pretty much MA too....for some reason, they pick ONE of the amendments out to try to remove from citizens....the 2nd.
Trouble is...if you get rid of the 2nd...eventually, they'll come for the 1st and others, and there will be nothing there to stop them.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
I can assure, you, to date, none of my firearms have spontaneously become animated and caused violence against any person, or animal so far.
I"d be open to hunting, but just never have gone....most people I know have not had any problems with their weapons causing problems either.....
And a 30 round magazine for a rifle is a standard capacity magazine....not "high" capacity...
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
Man, turn on your TV, you must have missed the two leading poster children for bringing the US to socialism:
Bernie Sanders
AOC (Alexandria Ocasio-Cortez)
They are both blatant about it....listen to AOC on recent talk shows...openly professing to want "democratic socialism"...which is....socialism.
There are others that are scarily agreeing largely with this, which is amazing, in that only a few short years ago, no one like this would have even gotten close to power, much less actually elected!!!
Yes, it is something to worry about. It will bring about the destruction of the US as we know it.
Light travels faster than sound. This is why some people appear bright until you hear them speak.........
Many states are trying to restrict these. Voter ID laws, disenfranchisement, etc. There are many people who do not want any muslims in the US. I had my mother say "they shouldn't allow those" when we drove past a mosque. Due process in the US is based upon being able to afford a decent lawyer. Black men are more often jailed than white men for the same crime - we give bigger penalties for cheap crack possession than for expensive cocaine possession.
Under your definition, California protects all rights. No state in the US is trying to ban guns, there is a difference between banning and having regulation. But if you're going to be silly and claim that California ignores some rights then I will just apply that same logic to other states where rights are not equally protected for all citizens.
That's fine. Just be prepared to go back to paying actual money for every phone call, text message, chat app message, web search, and email message you send or receive. Right now, all those ads and all the data collection to support those ads are being shown to you in exchange for actual goods and services, from that website you browsed to the email you sent.
Put another way, the people of California are already getting a *HUGE* data dividend. The problem is that our elected politicians are too technologically clueless to understand it.
I'm fully in agreement with the first part — that consumers should know what is being collected, why it is being collected, and how it is being used, to the maximum extent practical. But taxing the data collection? At best, this will be noise, and at worst, it will raise the cost of advertising, thus lowering the number of advertisers and reducing the amount of ad income for websites that are already struggling to break even. Want to completely kill the newspaper industry? Well, this is a really quick way to do it.
Check out my sci-fi/humor trilogy at PatriotsBooks.
Bernie is not really a Socialist. He's more of a social democrat, which is NOT the same thing. He's not pushing for a system where we have a state controlled economy. We already have some state control of some small factors in the economy (or big ones if you count the military which is essentiallly the biggest jobs program in the country). Expanding to have more socialized medicine, expanding medicare, having more safety nets, or even just higher taxes, is not the same as socialism.
If you don't like those ideas, then great. Have a serious debate about them. But to just label them as "socialism" is incorrect and demeans any argument you are trying to make. This is just as wrong as when someone on the left calls a new crime bill "fascist", which is also an incorrect word to use.
If you think Friends or Sienfield are tough inner city life... Well. Welcome to the Fabulous Las Vegas!
Do you mean west? Because I would imagine that anything close would be gone in a certain radius, but the earth spins east to west. So I would assume that anything west would get the venting and ash and sich.
Austin, TX has the distinct advantage of not being geographically constrained, being mostly just hilly (semi-flat) and not on any major fault lines. By contrast, the Bay Area has mountains surrounding it, plus major earthquakes that limit how high you can safely build.
Without compromising safety, IMO, it really doesn't mater how much you deregulate the Bay Area. Unless you go so far as to allow a developer to buy an entire mountain range, nuke it, and push the resulting debris off into the Pacific Ocean as an artificial peninsula, you aren't going to bring the cost of living down even close to Austin levels.
Note that if you look up Bay Area density, you may be misled. The density measurements for the Bay Area include mountainous areas that are not really suitable for high-density construction. If you take those out of the picture, the Bay Area has anywhere from 1.5x to 8x the average density of Austin, TX. If Austin starts to even approach Bay Area density, your cost of living will probably be high, too. But it won't ever do that, because it isn't land-locked. :-)
Check out my sci-fi/humor trilogy at PatriotsBooks.
Personally I think it was already all over when they melted the chick.
We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
Your right, there's no way an Internet-based software company could relocate, why, how could they possibly do it?
They are actually the easiest company to move - their market is international, their products are location-less/virtual, and they currently have servers deployed around the world.
What keeps them in CA? The astronomical land prices, obscene taxes, and sunshine?
Hey, it's sunny in Texas, and no state income tax... just sayin'
Ken
You mean the Project Manager of the West?