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by seasoup 1924 days ago
“So Canadians pay (some) income tax to the US instead of Canada and the US gives us nothing in return?”

Seems like Canadians got the ability to make money on YouTube in return. Seems like a pretty good deal.
1 comments
jwalton 1924 days ago
Seems like the US didn’t enforce antitrust laws and allowed YouTube to grow into a monstrous monopoly, because they wanted Internet revenues to all flow into America rather than into a variety of companies, some of which might end up not being American if YouTube was split up. Seems like a pretty bad deal for literally everyone.
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xiphias2 1924 days ago
Why? It makes sense for US citizens. Why would they kill their own golden goose instead of taxing it?
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jwalton 1923 days ago
Only if you think the horrific damage done to American democracy by Facebook and friends was more than offset by a little extra tax revenue.
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xiphias2 1923 days ago
I think the damage to democracy is done by low interest rates (QE). US was lucky to not be affected by wars and hate for a long time, but they existed before tech companies, like Facebook, especially when the financial system was centralized and corrupt.
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