Governments are the worst possible invention of humankind for they merge the rule of law with their self-interest to exploit the people for their own subsistence. Chicago is broke because it cannot fund its pensions. The obvious solution is to privatize everything and stop government employment as much as possible since their constitution prohibits reducing government pensions. Instead, they want to raise property taxes by 30% and now have an idea to tax watching movies on the internet. Chicago wants to tax the subscription fees of Netflix, Hulu, Spotify, and other services to pay for their pensions. Chicago is desperately trying to raise revenue and beginning September 1, and anyone who wants to stream video or music online will have to pay more because they want to tax it.
Chicago Wants to Tax Video & Music on Internet
Posted Aug 10, 2015 by Martin Armstrong |
Categories:
The Hunt for Taxes
USA Current Events
Blog Alerts
Related posts
Simplify the Tax Code
November 21, 2024
The Recession into 2028 Trump Does Not Understand
November 17, 2024
US GDP Rose 2.8% in Q3
October 31, 2024
Yellen Says Taxpayers Can Cover the US Deficit
October 24, 2024
Blog Categories
- Armstrong Economics 101
- Armstrong in the Media
- Behavioral Economics
- Books
- Forecasts
- Great Divide
- History
- Hong Kong
- Humor
- Immigration
- International News
- Africa
- Australia & Oceania
- BigTech
- BRITAIN
- Canada
- Caribbean
- Censorship
- Central America
- China
- Collectibles
- Crime
- Democracy Crisis
- Disease
- East Asia
- Eastern Europe
- Emerging Markets
- Entertainment
- Ethics
- European Union
- France
- Germany
- Great Reset
- Greece
- HongKong
- Hungary
- India
- Insurance
- Iran
- Ireland
- Israel
- Italy
- Japan
- Latin America
- Lock Down
- Lockdaown
- Media
- medicine
- Mexico
- Middle East
- Migraction
- Migration
- Nature
- North America
- North Korea
- Poland
- Police
- Politics
- Revolution
- Rule of Law
- Russia
- Scandinavia
- Science
- South America
- South Asia
- Southeast Asia
- SPAIN
- Switzerland
- Taiwan
- Thailand
- Turkey
- Ukraine
- Vaccine
- Western Europe
- Market Talk
- Markets by Sector
- Plagues
- Products and Services
- Q&A
- Real Estate
- Uncategorized
- Upcoming Events
- webinars
- World Events
- Banking Crisis
- Bio Technology
- BRICS
- Capital Flow
- CENSORSHIP
- Central Banks
- Civil Unrest
- Civilization
- Climate
- Conspiracy
- Correction
- Corruption
- Cryptocurrency
- Education
- Freedom of Speech
- G7
- Geopolitical
- Gov't Incompetence
- Human Rights
- IMF
- Immigratin
- Immigration
- Interest Rates
- Monetary Reform
- NATO
- Neocons
- New Norm
- Pension Crisis
- Police State
- Population
- Press
- Private Money
- Propaganda
- Religion
- Separatists
- Sovereign Debt Crisis
- Student Debt
- Technology
- Terrorism
- The Hunt for Taxes
- Traders
- Tyranny
- United Nations
- Violence
- War
- WEF
- WOKE
- World Health Organization
- World Trade