Here’s a fantastic proposal by Mark Tapscott at PJ Media that would not only rein in the too-big-and-powerful tech companies, it would also put money in all our pockets:
Make them pay us our share of the profits they make from selling our personal data, which should belong only to us.
Tapscott compares this to the music industry, where artists and songwriters must be paid royalties whenever anyone uses their creations to make profits.
Tapscott suggests changing the law so that 90% of the profits generated from selling our data would be redistributed back to all Americans (Democrats should like that because it has the phrase “redistributing wealth” in it.) That means that instead of raking in a combined $130 billion in ad revenue last year, Google, Facebook and Twitter would have to scrape by on just $13 billion. The rest would be evenly divided between all of us, who provided them with the data that they sold to make that profit. It would be a big help to all the people in radio, TV and print who’ve lost their jobs or taken pay cuts because those three companies are soaking up so much ad revenue.
Of course, the stockholders of those companies would not be happy, but maybe this will serve as a warning that they need to order their executives to prioritize shareholder profits and customer service over pushing their radical left political views.
Tapscott’s proposal sounds much fairer (“fair” is another word Democrats claim to love), although Democrats might not love the fact that it would leave these tech companies with a lot less money to interfere in our elections and make it harder for them to try to censor, slander and cancel half their customer base. To me, that would be an even bigger bonus than the annual royalty check.