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The UK (and other countries) should instead heavily tax companies that advertise on sites proven to spread disinformation. Couple of hefty fines for a few big advertising users and Twitter starts to lose (even more) money since it isn't worth the risk of advertising there.
Direct action against Musk or Twitter isn't going to work. We need to be sneaky ☺️.
Issue with that ia the cost of fighting.
You fine someone like Musk. He will take ot to court and has the fiscal clout to make the fight to expensice for the government.
Heck even the US IRS has difficulty taxing billionaires due to this.
Don't fine him directly. Fine doing business with his company interests to starve him of income. Like the modern slavery laws. It's useless going after the slavers but if caught using people that have been trafficked then your company gets a hefty fine and make it expensive to show that you comply. Something like that but for advertising on sites that intentionally spread misinformation and do little to nothing to prevent it (i.e. Twitter).
Do you honestly think that would stop him taking the UK gov to court.
It would not. He would claim it is a personal attack on his companies rights to free speech.
Remember, this is not about having a valid case. It is about who has the greatest limitation on spending. Elon spending his own money. Or a gov that must argue it is a valid use of voters money.
Then the goal for any legislation is simple: don't make it personal to Twitter and instead reference "platforms that openly allow misinformation and hate on their servers that do business in the UK without appropriate and swift moderation". Something like that.
The goal won't be to fine Twitter or Musk directly. It will be to move the needle in a way that makes doing business with him or his companies not worth the hassle. Musk could win the court battle, but ultimately lose his hate machine. Absolutely fine 😉.
But let's be honest.... None of this will happen 😂.