cross-posted from: https://vlemmy.net/post/152995
Alternative published title: AT&T/Verizon lobby group pushes for payments from Big Tech
cross-posted from: https://vlemmy.net/post/152995
Alternative published title: AT&T/Verizon lobby group pushes for payments from Big Tech
This type of logic only makes sense in the case of public utilities, not privately owned companies.
What do they think we’re paying for? I don’t see how the non-amortized costs (ie, non-infrastructure-buildout costs) could ever approach the amount they pull in revenue. This also ignores the fact that the telcos have gotten somewhere in the double-digit billions of dollars (iirc, around $40B) in taxpayer money to build out fiber infrastructure, that they never delivered on. What are they using this money for? What are they using their subscription revenue for?
You are mistaken: It’s not over 40 billion, it’s closer to half a trillion.
Thanks for the correction, I almost wish I didn’t know how bad it was!
Yeah, it’s kinda mind blowing unfortunately. Regulatory capture really undermines the public services that our taxes are supposed to be paying for.