but presumably 'own googles' aren't searching engines... that's just bonkers. you'd want to encourage *new* industries, not create "me too"
You can make money by taxing Google heavily, or by growing your own Googles, but probably not both.
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He means new companies that aren’t burdened with tax or regulations - the same legal environment Google stepped into when starting up.
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Why not?
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I'm guessing paul is alluding to cannibalizing your tax revenue once your compete with google. But that negates the direct revenue you'll get from your own google and you'll make a higher cut.
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What are some examples of governments that have taken the second approach — putting tremendous resources toward creating their own programs and organizations focused on tech innovation and fostering an ecosystem of direct competition with the private sector? Genuinely curious...
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early forms of the internet?
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We just want them to pay taxes where it’s due. Like it or not.
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But banning them works just fine. Example : China.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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A companies core value proposition is rarely a negative externality... Compare: Selling oil isn't a negative externality, so BP shouldn't be taxed.
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