Opponents also point out that history has shown that dominance in technology is a revolving door and that many companies (including IBM in the 1980’s) have cycled through it with little to no help from the government.
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Opponents argue that these companies have benefited consumers by providing free online tools and bring more competition into commerce. Senator Warren argues that the companies have “bulldozed competition, used our private information for profit, and tilted the playing field against everyone else.” Lawmakers in the European Union proposed a set of rules which include a blacklist of unfair trading practices, requirements that companies set up an internal system to handle complaints and allow businesses to group together to sue platforms. government should designate tech companies who have global revenue of over $25 billion as “platform utilities" and break them up into smaller companies. Democratic Presidential Candidate Elizabeth Warren issued proposals that would regulate Facebook, Google and Amazon. Should the government break up Amazon, Facebook and Google? Opponents argue that a UBI would be detrimental to economies by encouraging people to either work less or drop out of the workforce entirely. Proponents of UBI argue that it will reduce or eliminate poverty by providing everyone with a basic income to cover housing and food. In the Alaska Permanent Fund each individual and family receives a monthly sum that is funded by dividends from the state’s oil revenues. The longest running UBI system in the world is the Alaska Permanent Fund in the U.S. Several countries, including Finland, India and Brazil, have experimented with a UBI system but have not implemented a permanent program. The funding for Universal Basic Income comes from taxation and government owned entities including income from endowments, real estate and natural resources. Opponents of the ban argue that punitive regulations will make it harder for American companies to compete and will further discourage businesses from locating and investing in the United States.ĭo you support a universal basic income program?Ī Universal Basic Income program is social security program where all citizens of a country receive a regular, unconditional sum of money from the government. Proponents of the of the ban argue they should be outlawed because they have a long history of being vehicles for tax evasion, money laundering, illicit arms dealing and funding terrorism. The release of the documents renewed proposals for laws banning the use of offshore accounts and tax havens. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. In April 2016, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. Should citizens be allowed to save or invest their money in offshore bank accounts?Īn offshore (or foreign) bank account is a bank account you have outside of your country of residence.
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In April 2018 the European Union issued a series of proposals that would crack down on “online misinformation and fake news.” In June 2018 President Emmanuel Macron of France proposed a law which would give French authorities the power to immediately halt “the publication of information deemed to be false ahead of elections.” During the hearing Republican members of Congress criticized the social media companies for politically motivated practices in removing some content, a charge the companies rejected. House of Representatives Judiciary committee that they censor content for political reasons. In July 2018 representatives from Facebook, Google and Twitter denied to the U.S. In January 2018 Germany passed the NetzDG law which required platforms like Facebook, Twitter and YouTube to take down perceived illegal content within 24 hours or seven days, depending on the charge, or risk a fine of €50 million ($60 million) fines. Should the government regulate social media sites, as a means to prevent fake news and misinformation?
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