Sunday, April 30, 2017

Taxing Internet Activity

Immunity is stealthy industrial policy to grow  an industry, especially when new. Liability is the reverse, to rein in an industry. That puts industrial policy in the hands of people who do not know anything about anything, lawyers. That is wrong.

That being said, the Internet is mature and wealthy. It no longer needs any immunity.

Austria is seeking to tax internet activity. If we have to have taxes, then immunizing wealthy internet companies and taxing struggling brick and mortar businesses is wrong.

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