oldschool

Level 53
Verified
"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.'...

...'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.' ... "
 

Weebarra

Level 15
Verified
In theory it sounds great if your average citizen receives some of the benefits (monetary wise) but in reality, it ain't going to happen. Any dividends that these companies did give would soon get eaten up by funding some government department that oversees it in the first place, it costs money to fund such departments and who's gonna pay for that ? :rolleyes:
 

Burrito

Level 23
I like the concept.

With the right economic and financial analysis, it could be really good.

Consumers could partake in the economic value that they help generate, and it might make a very small dent in the dramatic income inequality that we have in the US.

If done ham-handed.... it could drive economic development away from Silicon Valley / California, and end up with an overall reduced corporate tax base.

Overall though... California is great. They care about people and care about fairness. Which is very contrary to what goes on in DC these days..
 
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