Blog/The Hunt for Taxes
Posted Aug 10, 2015 by Martin Armstrong
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.