Andrew Yang wants to tax digital ads and launch a new algorithm regulator
On Thursday, 2020 Democratic presidential candidate Andrew Yang put out a sweeping new tech policy proposal with a number of controversial proposals, including taxing digital ads and launching a new department to regulate algorithms on social networks.
Democratic candidates have struggled with how to respond to the growing power of tech companies, with left-leaning candidates like Sen. Elizabeth Warren supporting aggressive antitrust action, while moderates like Pete Buttigieg push for more a milder regulatory approach. Yang’s new proposal plots a middle course, proposing major new taxes and administrative oversight but stopping short of a call to break up Google and Facebook.
Yang has previously supported antitrust action, but only in...