#Goals : Make US Policy Recommendations like we did in Australia Policy 2x : January 3, 2025
The #SocialMediaHarmReductionAct ( #SMHRAct ) would be a comprehensive legislative framework designed to address the mental, behavioral, and social health challenges associated with social media use. Its key components would include:
1. Educational Mandates: The Act would require major social media companies to invest in public education initiatives that promote digital literacy, responsible online behavior, and mental health awareness. This could involve funding school programs, workshops, and public service campaigns to teach users about the psychological impact of social media and strategies for safe usage.
2. Social Media Research Fund: The Act would establish a federally designated fund, the Social Media Research Fund, to finance independent research on the effects of social media on mental health, behavior, and societal well-being. Social media companies would be required to contribute a percentage of their annual revenue (e.g., 3–5%) to this fund. The proceeds would support studies, innovation in harm-reduction tools, and policy recommendations aimed at improving the safety and well-being of social media users.
3. Transparency and Accountability: Big Tech would be required to provide clear data on the design and effects of their platforms, including algorithmic decision-making, data privacy, and user engagement patterns. This would ensure that educational and research efforts are informed by accurate and comprehensive information.
4. Community Based Education and Resources: Platforms would also need to collaborate with community organizations, mental health professionals, and educators to deliver tailored resources for vulnerable populations, such as teenagers and parents introducing Social Media Case Management if needed or issue arise.
By mandating Big Tech to invest in education and research while contributing a portion of their proceeds, the Social Media Harm Reduction Act would aim to balance innovation with responsibility, ensuring that social media platforms contribute positively to society.
Based on 2023 data, the top five social media companies by revenue are:
1. Meta Platforms (Facebook, Instagram): Over $134 billion.
2. YouTube (Alphabet Inc.): Approximately $29.24 billion.
3. LinkedIn (Microsoft): Over $15 billion.
4. Snapchat (Snap Inc.): Approximately $4.6 billion.
5. Pinterest Inc.: Approximately $2.8 billion.
Summing these figures, the combined annual revenue is around $185.64 billion.
Therefore, a contribution of 3% to 5% of their annual revenue to the Social Media Research Fund would amount to:
• 3%: Approximately $5.57 billion.
• 5%: Approximately $9.28 billion.
These contributions would significantly support research into the effects of social media on mental health, behavior, and societal well-being.
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#Policy #RiskTakers #BigTech #SocialMediaHarmRedection