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I’m surprised at the comments here. Why should the government set the “right” margin?

If you cap the margin, you’re entrenching the monopoly forever. Allow them to charge what they want, and set tax rates on corporations commensurate with the size of their profits. Make it easier for competitors to start.

The path to a sustainable marketplace does not come from top down enforcement of margins. It comes from competition

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> Why should the government set the “right” margin?

For monopolies, that is the least bad option. What would be way better, though, is mandating an end to that monopoly by allowing all users to install any apps they want on their iPhones without needing Apple's permission in any way, shape, or form.

You’re permanently entrenching them as the winner, and reducing the incentive for a competitor to emerge. The cost of developing these platforms is high and clearly it’s hard enough to compete, why would you kneecap future competitors from the get go?

And competition comes from creating a competitive market. Rent seeking behaviour is not new. This is monopolistic behaviour that should be regulated. I agree that capping fees is not solving the crux of the problem though.

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