Facebook and Google: Funding the Residents of the Great State of California?
February 13, 2019
I usually pay little attention to politics. I did spot this headline: “California Gov. Gavin Newsom Wants Google, Facebook to Share Profits with State’s Residents
The write up reports:
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.California Gov. Gavin Newsom Wants Google, Facebook to Share Profits with State’s Residents.” Interesting. I thought California taxed businesses, at least that’s what I have heard from California business owners who have set up shop in Arizona, Nevada, and Washington.
I am not sure what to make of this idea. My initial reaction is that if I earned money, I would want to keep it.
Fascinating stuff coming from the nerve center of Wild West capitalism.
Why are motion pictures made in so many places? Maybe the business climate in California?
Stephen E Arnold, February 13, 2019
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One Response to “Facebook and Google: Funding the Residents of the Great State of California?”
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Unsure the accuracy of the initial reporting. Look at Amazon’s tax breaks, the very little they pay in taxes and the benefit that they (like others) have gotten from decades of no sales tax. Really… Also I live in the heart of Silicon Valley and the displacement and sky rocketing rents are bubble related to tech cycles that either burst or take decades to pan out, and we can’t keep service employees and the like. I’m an in house tech lawyer and love my techies, Silicon Valley 1.0 to 4.0 (and I’ve worked with Fairchild to Facebook people). I suspect that the proposal has to do with having been given two decades of a low- to no- tax ride and also FB never told its users it was going to commercialize their data as they have; the Ad money of FB is directly tied to my identity and yours and hers and his (and I’ve #deletedfacebook they lost my support