The Internet will get f***ed up by President Obama’s proposed regulations, according to NBA team owner and entrepreneur Mark Cuban.
Cuban is against Obama’s plan to regulate the Internet like a public utility, which he revealed when a reporter asked him if he thought there was potential for small companies to be stifled by Internet providers.
“I’m more concerned the government will f*** it up,” he told Business Insider.
On Monday, President Obama urged the Federal Communications Commission to regulate the Internet more, particularly by placing broadband access under Title II regulations of the Telecommunications Act, which were developed in the 1930s to regulate public utilities.
But Cuban suggested on Twitter that any debate about the Internet should be focused more on the future.
“The promise of the ‘Net is not content,” he tweeted. “It’s high speed apps that change healthcare, medicine, transportation, safety and more.”
Sen. Ted Cruz (R-Tx.) called Obama’s proposal “Obamacare for the Internet.”
“The Internet should not operate at the speed of government,” he tweeted.
Cruz also said that “crushing taxes, rules and regulations” applied to the Internet would threaten “freedom, entrepreneurship and creativity online.”
“Washington politicians want the money, and they want more and more control over our speech,” he wrote in an op/ed published by the Washington Post.
If the federal government seizes power to regulate the Internet, the regulations will never end, Cruz pointed out.
“Government-regulated utilities invariably destroy innovation and freedom,” he wrote. “Which is more innovative, the U.S. Post Office, or Facebook and Twitter? Which is better for consumers, city taxi commissions or Uber and Lyft?”
Sixty-one percent of Americans are against the FCC regulating the Internet like television and the radio, believing instead that the ‘Net should remain open without regulation and censorship, according to a new Rasmussen Reports poll.
“Americans remain suspicious of the motives of those who want government regulation of the Internet,” the poll results reported. “Sixty-eight percent (68%) are concerned that if the FCC does gain regulatory control over the Internet, it will lead to government efforts to control online content or promote a political agenda, with 44% who are very concerned.”