Post Tagged with: "klyne"

One Billion Dollars by Matt Brown https://flic.kr/p/pq2SsN (CC BY 2.0)

No Billion Dollar Bonus: Officials Admit Most Bill C-11 Funding Isn’t New and Will Still Be Controlled by Foreign Streamers

Canadian Heritage Minister Pablo Rodriguez and department officials appeared before the Senate Committee on Transport and Communications yesterday on Bill C-11. I posted a Substack of my live tweeting of the Minister’s appearance, which included continued gaslighting on the applicability of the bill to user content and an acknowledgement that it could lead to algorithmic manipulation. After Rodriguez departed, officials took questions for another hour. One of the most notable exchanges involved the express admission that the much-touted estimate that the bill would generate a billion dollars is massively overstated. In fact, department officials now admit that most of that money isn’t new at all. Rather (much as I’ve argued), it is simply a re-allocation of existing expenditures in Canada that is unlikely to result in significant increased economic activity or new jobs.

Read more ›

November 23, 2022 2 comments News