California Governor Gavin Newsom has set off a flurry of speculation after he said the state’s consumers should get a piece of the billions of dollars that technology companies make by capitalizing on personal data they collect.
The new governor has asked aides to develop a proposal for a “data dividend” for California residents but provided no hints about whether he might be suggesting a tax on tech companies, an individual refund to their customers or something else.
“Companies that make billions of dollars collecting, curating and monetizing our personal data have a duty to protect it,” the Democrat said in his first State of the State speech Tuesday. “California’s consumers should also be able to share in the wealth that is created from their data.”
Obviously, he is referring to Facebook, Google, and Amazon, as well as to hundreds of smaller corporations. The tax presumably would apply to any collection of personal and private data of California residents, regardless of where a corporation’s headquarters are located.
You can read more in an Associated Press article by Don Thompson at: https://abcn.ws/2C8K0FZ.