Well, this is where Europe once again has disappointed, unfortunately. The whole point of [the General Data Protection Regulation] (GDPR) wasn’t about data protection. It was essentially scaring Facebook and Apple and the rest of them into paying some taxes—basically saying: ‘If every time that you switch on your platform you have to click through 12 screens of approval you know you’re going to lose 80 per cent of your users. Most of your business is data accumulation from your users.’ Particularly on the Amazon and Facebook side of things. ‘So you really need to wise up and play ball.’ It seems that, with the intervention of the Dutch and the Estonians and a few others who love tech, that’s gone by the wayside. We’re going to have some nominal taxation and they’re going to be able to continue doing what they want.I would add, had the EU, i.e. Germany, insisted on hard taxing Trump would have a&%-F§%"ed their car industry.
"The euro is not in the German national interest, but we need friends." - Helmut Kohl to US Sec. of State James Baker on Dec. 12, 1989
1/14/2019
Mark Blyth debunks the General Data Protection Regulation (GDPR) in just one paragraph
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