Blog/The Hunt for Taxes
Posted Dec 8, 2016 by Martin Armstrong
Government is on the verge of completely destroying the economy all because those in power are incapable of managing even a bubblegum machine. Local cities are desperate for money as their own pensions keep moving closer to collapsing. Instead of dealing with the problem, of course, they always choose to just tax the stupid people. Pasadena city officials are considering whether to tax subscribers of Netflix, Hulu, and other video streaming services under an existing municipal utility tax code that was initially designed for taxing cable television users. Sacramento and dozens of other California cities have similar codes that they are looking to use to tax video streaming in addition to their cable tax.
The tax burden will only rise as more and more cities begin to tax the internet to line their own pockets to keep their insane pensions and free healthcare alive.