The digital streaming tax has arrived with all its ugly glory. Chicago, a town infamous for its dirty politics, is the first U.S. city to institute this made-up tax as a way to take more money away from those seeking alternative sources for receiving entertainment.
Chicago is calling their streaming theft of people's hard earned dollars a “cloud tax.” Its first introduction will be a whopping 9% on every movie, video, music download, video gaming, online commerce and online gambling. Video and music streaming avenues such as Netflix and Spotify will be the first to see this tax which officially hits customer’s pockets beginning September 1, 2015.
According to the Chicago Sun-Times the expected revenue for the city should come to around $12 million (USD) annually. However, we all know how ravenous politicians are — especially the low-down and dirty found in the Windy City — it won't be long before that 9% rate will skyrocket and roll through city after city across the country destroying yet another innovative approach to mass marketing a product to the entire public.
Well, it was fun while it lasted but the Net is now officially just another revenue Ponzi-Scheme for dear old Uncle Sam and his crooked State and local offspring.