President Biden Plans to Ban Ads aimed at Kids on Social Media 
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President Biden plans to ban ads aimed at kids on social media, in his first State of the Union speech. 

While speaking in the presence of Facebook whistleblower Frances Haugen the president said,  “We must hold social media platforms accountable for the national experiment they’re conducting on our children for profit. It’s time to strengthen privacy protections, ban targeted advertising to children, demand tech companies stop collecting personal data on our children,” 

Earlier Frances Haugen exposed Facebook when he revealed a number of internal documents. They suggested Facebook knew up to three percent of teenage girls experience depression or anxiety, or self-harm as a result of using Instagram. Additionally, the social giant also pursued a special version of the app targeting teens. Though the project was later canceled.

Intel CEO Pat Gelsinger was also present at the speech and was mentioned for the chipmaker’s plan to build silicon fabrication plants in Ohio. Biden in his speech urged Congress to pass the Innovation and Competition Act, which includes billions of investments in AI, quantum computing, and semiconductor research. He said if it becomes a law investors like Gelsinger would be ready to increase their investment from $20 billion to $100 billion.

The president also tied Intel’s plans to American efforts to compete with China, saying that the Innovation Act will help “to level the playing field with China and other competitors.”

More local chipmaking was also tied to addressing inflation, which is currently running at a forty-year high of 7.5 percent, causing much economic pain stateside and contributing to the Biden administration’s tepid popularity.

Biden added, “Last year, there weren’t enough semiconductors to make all the cars that people wanted to buy. And guess what? Prices of automobiles went up.” 

Biden said he was not looking to punish anyone, but wanted to make sure corporations and the wealthy Americans start playing fair. He said, “Just last year, 55 Fortune 500 corporations earned $40 billion in profits and paid zero dollars in federal income tax. That’s simply not fair. That’s why I’ve proposed a 15 percent minimum tax rate for corporations.”

He concluded by saying, “For the past 40 years we were told that if we gave tax breaks to those at the very top, the benefits would trickle down to everyone else. But that trickle-down theory led to weaker economic growth, lower wages, bigger deficits, and the widest gap between those at the top and everyone else in nearly a century.” 

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