Former Hewlett-Packard CEO Carly Fiorina on Saturday slammed the Net Neutrality rulemaking by the Federal Communications Commission (FCC) as “crony capitalism” for established Silicon Valley firms, enacted at the expense[…]
If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But worry[…]
In today’s edition of The Heartland Daily Podcast, Managing Editor of Budget & Tax News Jesse Hathaway speaks with Heartland Institute policy advisor Jeffery Tucker. Tucker and Hathaway have a discussion about the history and future of Bitcoin, an alternative digital currency with which users can buy physical goods.
Likely the least regulated private economic sector going into the Age of the Barack Obama Administration – at least at the federal level – was the Internet. Which is largely why the Web has become an ever-evolving, free speech-free market Xanadu.
The US-EU “competition” of protectionist digital industrial policies — U.S. Title II net neutrality vs. the EU’s emerging “platform neutrality” plans — creates an ironic backdrop to negotiations for the US-EU Transatlantic Trade and Investment Partnership (TTIP) “free” trade agreement. Heightening the irony, the Obama Administration, not the European Commission, has been the protectionist digital industrial policy leader, trailblazing the political path for the EU’s Single Digital Market to follow.
Think of the FCC, unilaterally self-armed with the “strongest possible rules” of Title II 1934 monopoly telephone regulation, as a Washington backwater “kangaroo court,” where innocent communicators can be hauled before a mock court system where normal due process, rule of law, and justice may not apply.
Here in the United States, Net Neutrality exponentially increases the government’s ability to tax the Internet. Starting with the 17.4% Universal Service Fund (USF) tax. Which goes up automatically every calendar quarter. And goes up each and every time three unelected Federal Communications Commission (FCC) bureaucrats decide they want more of our coin. Which they just did in December –with a 17.1% rate increase.
Many employers across the U.S. are interested in offering access to telemedicine a benefit to employees for routine medical visits, reducing the overall cost of health care reimbursement, a report by Towers Watson indicated.
We were on February 26 subjected to the hugest of Barack Obama Administration Internet power grabs. Where the Administration unilaterally decided to start applying 1934 landline telephone law to the 21st-Century-Web.
This government grab was made under the guise of Network Neutrality – but this flashback-to-New-Deal phone law is oh-so-much-worse. The Administration has appointed itself the overlord of just about every private sector decision, transaction and innovation.
Because the cryptocurrency sytem requires no bank, and no government control it is truly disruptive and multiple agencies described by the authors are already trying to block it or control it.
The collateral damage is beginning to pile up from the FCC’s February decision to trigger Title II telephone utility regulation of the Internet. Long called the “nuclear” option, the FCC preemptively triggered Title II Internet regulation ostensibly to prevent potential new net neutrality problems, which the FCC admits it can’t yet identify.
That may not be a good thing. A February article in New Scientist announced, Google wants to rank websites based on facts not links, and writer Hal Hodson said, “The internet is stuffed with garbage. Google has devised a fix – rank websites according to their truthfulness.”
The huge-er government gets – the greater its ability to deliver cronyism goodies. The bigger the wallet government has – the larger the regulatory hammer it wields – the more Crony Socialism it can dispense.
The GOP wants the Silicon Valley’s love. And by love we mean the millions of donation dollars that currently go mostly to Democrats. And sadly, it appears some Republicans will go to nearly any length to curry some of that coin.
On February 26th, the FCC executed President Obama’s call to “implement the strongest possible rules” to regulate the Internet as a telephone utility under “Title II” of the Telecommunications Act.
Legally, the result of this “reclassification” was for President Obama and the FCC to assert regulatory jurisdiction over the Internet ecosystem, creating a de facto American “Digital [Internet] Single Market” industrial policy, like the European Commission is in the process of creating for the European Union.
The Marketplace Fairness Act has once again risen from the dead. A group of legislators has once again introduced legislation which would significantly change how online retailers are taxed. The[…]