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The cure for what ails Silicon Valley? An online advertising tax

There’s been a massive transfer of wealth from media that produce journalism to those that don’t. The answer may well be a tax.

The cure for what ails Silicon Valley? An online advertising tax
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It’s time for Silicon Valley to pay up.

After more than a year of breaking news stories detailing the many missteps and abuses of companies like Facebook, Google and Twitter, regulators around the world are ready to pass new laws and take other measures to make these companies more accountable to the public interest.

Privacy, journalism and democracy advocates have issued warnings about Silicon Valley for years. Now government officials, the media and the broader public have awakened as well — and people are clamouring to do something about it.