MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘Taxes’

A sneaky attempt to end encryption is worming its way through Congress – The Verge

Posted by M. C. on March 21, 2020

Maryland, Nebraska, and New York have all proposed taxes that would force tech companies to hand over a portion of the revenue generated from digital advertising.

For starters, it’s not clear that companies have to “earn” what are already protections provided under the First Amendment: to publish, and to allow their users to publish, with very few legal restrictions. But if the EARN IT Act were passed, tech companies could be held liable if their users posted illegal content.

“Illegal content” is what exactly? What the government and silicon vallet says it is.

Guilty until proven innocent.

https://www.theverge.com/interface/2020/3/12/21174815/earn-it-act-encryption-killer-lindsay-graham-match-group?fbclid=IwAR359rLkVvdOX7UDufhZKrRoxc4f52FDeI1MeAE5zGvD7y3yR-qFEOOc4QI

The EARN IT Act could give law enforcement officials the backdoor they have long wanted — unless tech companies come together to stop it

A thing about writing a newsletter about technology and democracy during a global pandemic is that technology and democracy are no longer really at the forefront of everyone’s attention. The relationship between big platforms and the nations they operate in remains vitally important for all sorts of reasons, and I’ve argued that the platforms have been unusually proactive in their efforts to promote high-quality information sources. Still, these moves are a sideshow compared to the questions we’re all now asking. How many people will get COVID-19? How many people will die? Will our healthcare system be overwhelmed? How long will it take our economy to recover?

We won’t know the answers for weeks, but I’m starting to fear the worst. On Wednesday the World Health Organization declared that COVID-19 had officially become a pandemic. A former director for the Centers for Disease Control now says that in the worst case scenario, more than 1 million Americans could die.

This piece by Tomas Pueyo argues persuasively that the United States is currently seeing exponential growth in the number of people contracting the disease, and that hospitals are likely to be overwhelmed. Pueyo’s back ground is in growth marketing, not in epidemiology. But by now we have seen enough outbreaks in enough countries to have a rough idea of how the disease spreads, and to understand the value of “social distancing” — that is, staying behind closed doors. So I want to recommend that everyone here reads that piece, and consider modifying your behavior if you’re still planning events or spending a lot of time in public.

* * *

One risk of having the world pay attention to a single, all-consuming story is that less important but still urgent stories are missed along the way. One such unfolding story in our domain is the (deep breath) Eliminating Abusive and Rampant Neglect of Interactive Technologies (“EARN IT”) Act, which was the subject of a Senate hearing on Wednesday. Here’s Alfred Ng with an explainer in CNET:

The EARN IT Act was introduced by Sen. Lindsey Graham (Republican of South Carolina) and Sen. Richard Blumenthal (Democrat of Connecticut), along with Sen. Josh Hawley (Republican of Missouri) and Sen. Dianne Feinstein (Democrat of California) on March 5.

The premise of the bill is that technology companies have to earn Section 230 protections rather than being granted immunity by default, as the Communications Decency Act has provided for over two decades.

For starters, it’s not clear that companies have to “earn” what are already protections provided under the First Amendment: to publish, and to allow their users to publish, with very few legal restrictions. But if the EARN IT Act were passed, tech companies could be held liable if their users posted illegal content. This would represent a significant and potentially devastating amendment to Section 230, a much-misunderstood law that many consider a pillar of the internet and the businesses that operate on top of it.

When internet companies become liable for what their users post, those companies aggressively moderate speech. This was the chief outcome of FOSTA-SESTA, the last bill Congress passed to amend Section 230. It was putatively written to eliminate sex trafficking, and was passed into law after Facebook endorsed it. I wrote about the aftermath in October:

[The law] threatens any website owner with up to 10 years in prison for hosting even one instance of prostitution-related content. As a result, sites like Craigslist removed their entire online personals sections. Sex workers who had previously been working as their own bosses were driven back onto the streets, often forced to work for pimps. Prostitution-related crime in San Francisco alone — including violence against workers — more than tripled.

Meanwhile, evidence that the law reduced sex trafficking is suspiciously hard to come by. And there is little reason to believe that the EARN IT Act will be a greater boon to public life.

Yet, for the reasons Issie Lapowsky lays out today in a good piece in Protocol, it may pass anyway. Once again Congress has lined up some sympathetic witnesses who paint a picture that, because of their misfortune, whole swathes of the internet should be eliminated. It would do that by setting up a byzantine checklist structure that would handcuff companies to a difficult-to-modify set of procedures. One item on that checklist could be eliminating end-to-end encryption in messaging apps, depriving the world of a secure communications tool at a time when authoritarian governments are surging around the world. Here’s Lapowsky:

The EARN IT Act would establish the National Commission on Online Child Sexual Exploitation Prevention, a 19-member commission, tasked with creating a set of best practices for online companies to abide by with regard to stopping child sexual abuse material. Those best practices would have to be approved by 14 members of the committee and submitted to the attorney general, the secretary of homeland security, and the chairman of the Federal Trade Commission for final approval. That list would then need to be enacted by Congress. Companies would have to certify that they’re following those best practices in order to retain their Section 230 immunity. Like FOSTA/SESTA before it, losing that immunity would be a significant blow to companies with millions, or billions, of users posting content every day.

The question now is whether the industry can convince lawmakers that the costs of the law outweigh the benefits. It’s a debate that will test what tech companies have learned from the FOSTA/SESTA battle — and how much clout they even have left on Capitol Hill.

The bill’s backers have not said definitively that they will demand a backdoor for law enforcement (and whoever else can find it) as part of the EARN IT Act. (In fact, Blumenthal denies it.) But nor have they written the bill to say they won’t. And Graham, one of the bill’s cosponsors, left little doubt on where he stands:

“Facebook is talking about end-to-end encryption which means they go blind,” Sen Graham said, later adding, “We’re not going to go blind and let this abuse go forward in the name of any other freedom.”

Notably, Match Group — the company behind Tinder, OKCupid, and many of the most popular dating apps in the United States — has come out in support of the bill. (That’s easy for Match: none of the apps it makes offer encrypted communications.) The platforms are starting to speak up against it, though — see this thread from WhatsApp chief Will Cathcart.

In the meantime, Graham raises the prospect that the federal government will get what it has long wanted — greatly expanded power to surveil our communications — by burying it in a complex piece of legislation that is nominally about reducing the spread of child abuse imagery. It’s a cynical move, and if the similar tactics employed in the FOSTA-SESTA debate were any indication, it might well be an effective one.

The Ratio

Trending up: Amazon and the Gates Foundation might team up to deliver coronavirus test kits to Seattle homes. The test kits include nose swabs that can be mailed to the University of Washington for analysis.

Trending up: Amazon will give all employees diagnosed with coronavirus or put into quarantine up to two weeks of paid sick leave. The policy includes part-time warehouse workers. COVID-19 has really been a watershed for tech giants treating their contract workers like the human beings they are.

Outbreak

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Taxing the Rich to Fund Welfare Is the Nobel Winner’s Growth Mantra

Posted by M. C. on October 31, 2019

The Nobel Prize

The dinosaur that forgot to die.

https://www.bloombergquint.com/global-economics/taxing-the-rich-to-fund-welfare-is-nobel-winner-s-growth-mantra

Vrishti Beniwal

(Bloomberg) — How do you spur demand in an economy? By raising taxes, not cutting them, says this year’s winner of the Nobel prize for economics. Reducing taxes to boost investment is a myth spread by businesses, says Abhijit Banerjee, who won the prize along with Esther Duflo of the Massachusetts Institute of Technology and Michael Kremer of Harvard University for their approach to alleviating
A better approach would be to raise some taxes and distribute the money to people to spend, Banerjee said in an interview Monday in New Delhi, where he was promoting his book ‘Good Economics for Hard Times.’ “You don’t boost growth by cutting taxes, you do that by giving money to people,” he said. “Investment will respond to demand.” Countries from China to India to Indonesia are slashing taxes…

Read more at: https://www.bloombergquint.com/global-economics/taxing-the-rich-to-fund-welfare-is-nobel-winner-s-growth-mantra
Copyright © BloombergQuint

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WHOOPS! Nobel Committee Regrets Awarding Barack Obama The ...

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Quotes From Dead Guys

Posted by M. C. on October 17, 2019

…For we are opposed around the world by a monolithic and ruthless conspiracy that relies primarily on covert means for expanding its sphere of influence–on infiltration instead of invasion, on subversion instead of elections, on intimidation instead of free choice, on guerrillas by night instead of armies by day. It is a system which has conscripted vast human and material resources into the building of a tightly knit, highly efficient machine that combines military, diplomatic, intelligence, economic, scientific and political operations.

Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed, no secret is revealed. It conducts the Cold War, in short, with a war-time discipline no democracy would ever hope or wish to match…President John F. Kennedy
Waldorf-Astoria Hotel, New York City
April 27, 1961

“The most urgent necessity is, not that the State should teach, but that it should allow education. All monopolies are detestable, but the worst of all is the monopoly of education.” – Frederic Bastiat

“Armies, and debts, and taxes are the known instruments for bringing the many under the domination of the few.” – James Madison

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Patrick Buchanan: Tariffs — The Taxes That Made America Great

Posted by M. C. on May 15, 2019

Free trade. Free is good, right?

Buchanan seems to advocate permanent tariffs. The Donald appears to view tariffs as a non-permanent corrective measure, I think.

Tariffs encourage high domestic producer prices and lessen efficiency incentives.

A few win and we pay the price. Literally.

Is what was true 100 years ago true today? I am afraid we will find out the hard way. Time will tell.

https://www.cnsnews.com/commentary/patrick-j-buchanan/tariffs-taxes-made-america-great

By Patrick J. Buchanan

As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: “Kudlow Contradicts Trump on Tariffs.”

The story began: “National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration’s tariffs on Chinese imports, contradicting President Trump’s repeated inaccurate claim that the Chinese foot the bill.”

A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the whole story.

A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.

If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.

China loses the sale. This is why Beijing, which runs $350 billion to $400 billion in annual trade surpluses at our expense is howling loudest. Should Donald Trump impose that 25% tariff on all $500 billion in Chinese exports to the USA, it would cripple China’s economy. Factories seeking assured access to the U.S. market would flee in panic from the Middle Kingdom.

Tariffs were the taxes that made America great…

What great nation did free traders ever build?

Free trade is the policy of fading and failing powers, past their prime. In the half-century following passage of the Corn Laws, the British showed the folly of free trade.

They began the second half of the 19th century with an economy twice that of the USA and ended it with an economy half of ours, and equaled by a Germany, which had, under Bismarck, adopted what was known as the American System.

Of the nations that have risen to economic preeminence in recent centuries — the British before 1850, the United States between 1789 and 1914, post-war Japan, China in recent decades — how many did so through free trade? None. All practiced economic nationalism…

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capitaism

 

 

 

 

 

 

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The Death of Socialism – LewRockwell

Posted by M. C. on May 3, 2019

https://www.lewrockwell.com/2019/05/martin-armstrong/the-death-of-socialism/

By

Armstrong Economics

Socialism is dying because governments have made promises they cannot keep. Now when people expect that they will be there, they suddenly find the promises have been constantly revised. They always point to the rich and how they will make them pay. Everything who thinks they cannot possibly be the rich cheer, but at the end of the day, their taxes never decline and the promised-land seems further and further away…

Socialism is dying and in the process this will only inspire violence. People believed in this system. They really believed those in power had their best interests at heart. Unfortunately, we are moving into this darkness where more and more people are beginning to realize that government is the number one problem – not Global Warming.

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5f4ca-Cortez12

 

 

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EconomicPolicyJournal.com: Krugman: Use Taxation to Do Hidden Regulation

Posted by M. C. on March 12, 2019

https://www.economicpolicyjournal.com/2019/03/krugman-use-taxation-to-do-hidden.html

In his latest New York Times column, the sneaky lefty, Paul Krugman, let his guard down and explained that taxation could be used as a sneaky way to regulate:

I guess there’s some case for using taxes rather than regulations to control pollution, since you won’t be telling people directly what to do.

What does he mean by pollution? Like Starbucks, he appears to hold the view that plastic straws from the United States are suffocating the ocean. He writes:

Plastic straws really are a source of ocean pollution.

To understand how misguided this Krugman sentence is, see: The Idiotic Thinking Behind the Elimination of Plastic Straws By Starbucks.

Krugman is nothing but an apologist for the expanding state.

RW

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What’s causing Baltimore’s population loss? It’s no mystery

Posted by M. C. on April 2, 2018

No mention of the City’s (and state’s) unfriendliness to gunowners that rivals Chicago. How is that working for you?

If the city doesn’t fix its crime, tax, public school and leadership problems, next year’s census report will be the same.

No mention of one parent “families”, degradation of morality, no sense of pride nor self-respect and media/government/police violence.

The city’s public (GOVERNMENT) school system is a disaster. That situation is self-explanatory. And more government is the answer?

http://www.baltimoresun.com/news/opinion/oped/bs-ed-op-baltimore-census-20180330-story.html

By David Placher

The city’s scary record of 343 homicides in 2017 affirms the city’s well-known reputation as a dangerous place to live. Even if 2018 has fewer homicides, it doesn’t take a fortune teller to predict that this year’s homicide rate will be high. Until the city substantially reduces its homicide and other crimes rates, people will continue to view the city as dangerous and be reluctant to stay or move here. Read the rest of this entry »

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The Hunt for Taxes Brings Down Governments Every Time | Armstrong Economics

Posted by M. C. on January 20, 2018

Speaking the EU and Soros…

https://www.armstrongeconomics.com/world-news/taxes/the-hunt-for-taxes-brings-down-governments-every-time/

COMMENT: Mr. Armstrong; I live in Germany. I wanted to send my father €200 for Christmas. I had to prove where the money came from. It does seem as if there is a major gap between those trading the euro for big banks and the people. I left Romania for freedom. Everything that I fled from has seemed to follow me to the West. Those who cheer the rise of the euro seem oblivious to the reality on the street. We have no real government in place here since nobody won a majority. The clash between freedom and oppression is playing out in silence. I fear this will just explode all of a sudden as it did behind the Iron Curtain.

PB

REPLY: You are not alone. I have several Russian, Hungarian, and Ukrainian friends who all express the same concerns. The fact that you fled to freedom and then see the very aspects of government that made you flee in the first place have taken hold in the West is all part of the cycle. This is simply how Empires, Nations, and Citystates collapse. They are always the same –

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Who Pays What in Taxes?

Posted by M. C. on October 18, 2017

https://www.lewrockwell.com/2017/10/walter-e-williams/who-pays-what-in-taxes/

Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation. Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich. Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share? Read the rest of this entry »

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Raising Taxes — ‘Fair Share’ & the Rich | National Review

Posted by M. C. on October 1, 2017

Taxes are like climate change and war. They are a racket.

http://www.nationalreview.com/article/425829/what-democrats-mean-paying-your-fair-share-thomas-sowell

It is one of the many signs of the mindlessness of our times that all sorts of people declare that “the rich” are not paying their “fair share” in taxes, without telling us concretely what they mean by either “the rich” or “fair share.” Whether in politics or in the media, words are increasingly used, not to convey facts or even allegations of facts, but simply to arouse emotions. Undefined words are a big handicap in logic, but they are a big plus in politics, where the goal is not clarity but victory — and the votes of gullible people count just as much as the votes of people who have common sense.

More

Yah, MORE! That’s what I want, MORE!

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