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Mon Mar 11, 2019, 10:25 AM

 

Amy Klobuchar suggests taxing companies making money off user data

Minnesota senator and presidential candidate Amy Klobuchar has floated the idea of taxing tech companies when they exploit user data. Platforms like Facebook “use us, and we’re their commodity, and we’re not getting anything out of it,” Klobuchar said today during a SXSW interview with Recode co-founder Kara Swisher. “When they sell our data to someone else, well, maybe they’re going to have to tell us so we can put some kind of a tax on it.”

Klobuchar acknowledged that she was simply floating an option, not putting forward a detailed policy prescription. And the idea isn’t nearly as mainstream as passing privacy legislation or toughening antitrust policies, two areas Klobuchar also emphasized — saying she wanted to scrutinize whether companies like Facebook, Amazon, and Google had suppressed competition. But she said a major problem with the tech landscape was that “we just thought ‘Oh, we can just put our stuff on there and it’s fine,’ and they’re making money off of us.”


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Reply Amy Klobuchar suggests taxing companies making money off user data (Original post)
WeekiWater Mar 2019 OP
crazytown Mar 2019 #1
WeekiWater Mar 2019 #2
crazytown Mar 2019 #5
marylandblue Mar 2019 #3
WeekiWater Mar 2019 #4
marylandblue Mar 2019 #7
crazytown Mar 2019 #6
marylandblue Mar 2019 #8
crazytown Mar 2019 #9
marylandblue Mar 2019 #10
PBC_Democrat Mar 2019 #11

Response to WeekiWater (Original post)

Mon Mar 11, 2019, 10:30 AM

1. Not sure what she means here

 

“When they sell our data” - that is FB’s business model. They account it as income. If FB makes a profit, it is taxed.

The more important question are the exceptions and loopholes that allow Amazon and GE to pay no tax at all.
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Response to crazytown (Reply #1)

Mon Mar 11, 2019, 10:38 AM

2. Klobuchar didn't delve into detail.

 

This might help to clear up the concept.

https://www.nytimes.com/2017/11/14/business/dealbook/taxing-companies-for-using-our-personal-data.html

If I were to vote in a presidential
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Response to WeekiWater (Reply #2)

Mon Mar 11, 2019, 10:44 AM

5. Thank You

 

OK A (sales) tax on transactions involving the sale of personal data. I think that is what is proposed.
If I were to vote in a presidential
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Response to WeekiWater (Original post)

Mon Mar 11, 2019, 10:38 AM

3. If it's my data, it would make more sense if they pay me, rather than the government.

 

If I were to vote in a presidential
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Response to marylandblue (Reply #3)

Mon Mar 11, 2019, 10:40 AM

4. You aren't doing any work, receiving any compensation, etc..

 

I can't think of why any potential tax revenues should be paid back to you.

If I were to vote in a presidential
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Response to WeekiWater (Reply #4)

Mon Mar 11, 2019, 10:47 AM

7. She said, "Platforms like Facebook "use us, and we're their commodity....

 

... and we’re not getting anything out of it,”

But they aren't using the government, they are using individuals. So they should pay the individual directly. If they want to sell the data, they have to pay me a share. The government still can tax the income from the sale.
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to marylandblue (Reply #3)

Mon Mar 11, 2019, 10:46 AM

6. I don't see the efficacy in paying people to use Android phones

 

which are always sending data back to Google.
If I were to vote in a presidential
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Response to crazytown (Reply #6)

Mon Mar 11, 2019, 10:50 AM

8. Google sees the efficacy in selling that information,

 

which means I see the efficacy in earning a share of it, or blocking the sale completely, if I don't earn enough.
If I were to vote in a presidential
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Response to marylandblue (Reply #8)

Mon Mar 11, 2019, 10:54 AM

9. So the Govt pays people to use Android phones

 

but pays nothing to people using iPhones because Apple doesn’t sell whatever data it collects? I think not. Crazy stuff.
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Response to crazytown (Reply #9)

Mon Mar 11, 2019, 11:00 AM

10. I said whoever sells my data should have to pay me directly.

 

Based on Klobuchar's logic that they are using us without us getting anything out of it. The government has nothing to do with it. The government isn't being used, I am. But the government can force those who sell my information to pay me for it. If they don't sell it, I get nothing.
If I were to vote in a presidential
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Response to WeekiWater (Original post)

Mon Mar 11, 2019, 11:59 AM

11. Bad idea on several fronts ...

 

First, in our race to increase revenue our candidates are suggesting taxing everything - I fear that this trend is virtually writing the commercials for the other side.

Second, this idea is not only unworkable - it is unfair. The companies mentioned ARE paying taxes when they sell something (advertising, usage data, device data, any data).

Third, your specific data is of little to no value, it only becomes valuable when aggregated with other users. The block of data has value.

There is a saying in the software world "If you're not paying then you are the product"

Users get value from Gmail, Waze, and Facebook, and pay nothing - the companies process all of that data and sell it (a taxable event), to do that they need to buy buildings, furniture, and computers (all taxable events), then they need smart people who get paychecks to do the work (taxable events).

Do we want to risk killing that golden goose?

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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