Internet Economy: Why Tech Giants Want Net Neutrality
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Internet Economy: Why Tech Giants Want Net Neutrality

Internet Economy: Why Tech Giants Want Net Neutrality

Susanne Posel ,Chief Editor Occupy Corporatism | The US Independent

July 14, 2014

A consortium of internet and tech corporations calling themselves the Internet Association (IA) have submitted suggestions to the Federal Communications Commission (FCC) to “formally oppose” that internet service providers (ISPs) be given a fast track access to content on the internet based on payment for this special privilege.

IA is made up of corporations such as:

• Google
• Netflix
• Amazon
• Facebook
• Twitter
• eBay
• Yahoo
• PayPal

The tech collaboration said: “The Internet is threatened by broadband Internet access providers who would turn the open, best-efforts Internet into a pay-for-priority platform more closely resembling cable television than today’s Internet.”

Tim Wu, professor of law at Columbia University and “architect” of the net neutrality movement (and coiner of the phrase “net neutrality”), commented that the goal of the movement is to give oversight of the internet to the FCC.

Wu argued that the FCC should oversee:

• Technical operations
• Business decisions
• Internet content
• Free speech on the web

According to Wu, as the internet becomes the new “hub” of the economy, the FCC should shape “not merely economic policy, not merely competition policy, but also media policy, social policy” and “oversight of the political process.”

Last year, Economist Art Lafler concluded a study wherein he found that should the House of Representative legislate an internet sales tax, there would be a boost to economic growth.

In May of this year, the Senate passed a bill that would “force Internet retailers to collect sales taxes for state and local governments” called S. 743, the Marketplace Fairness Act of 2013 (MFA), allows for “states to force online retailers with more than $1 million in annual out-of-state sales to collect sales taxes from all customers and remit those taxes back to state and local governments.

States would have to provide software to help calculate the taxes for thousands of jurisdictions.”

Lafler states that internet taxation will cause business growth and revenue for state governments. According to estimations, Lafler claims that “the nation’s gross domestic product could increase by $563.2 billion over 10 years if the Marketplace Fairness Act is enacted and states use the revenue to cut more burdensome taxes, such as income taxes.”

Lafler admits: “I am assuming these states use their funds correctly, and if they do and if every state did, it would add to national growth dramatically. This is just economic efficiency, pure and simple. If you use a better tax structure, you’re going to be able to get better growth, employment, output, production, and tax revenues than if you use a poorer tax structure. And the better tax structure here would include all sales, not just those sales that are in brick-and-mortar operations within a state.”

In December of 2012, UN World Conference on International Telecommunications (WCIT) was held, wherein the UTI proclaims that because the internet is a “global entity” that the UN should have jurisdiction over it, manage its abilities according to global UN standards and engage restrictions that could be installed at the fundamental level of the internet to prevent any infractions of international mandates.

The UN wants to include the domain-name system along with the Internet Corporation for Assigned Names and Numbers (ICANN), which is currently a privately owned US non-profit organization.

ITU was self-appointed to begin a sort of taxation that international telecommunications corporations would be expected to pay for the ITU’s handling of web traffic as it flows across the world.

Members of the ITU would be privy to the new found cash flow that would be in the hands of international governance; which could begin to line the pockets of the UN in record time.

During a recent meeting of the UTI, it was suggested as a new regulatory rule that because all “calls” are ultimately digital, transmission control protocol (TCP) are used to oversee the beginning, middle and end of all transmissions; including the data that passes through in the middle.

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via Internet Economy: Why Tech Giants Want Net Neutrality – Top US World News | Susanne Posel Daily Headlines and Research.

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