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This is a very large misconception and the site you are showing is incredibly biased. This bill is not unjust at all. It is not about congress running around, shutting down youtube videos, and censoring everything that they can. Music on YouTube wont be censored, because many of these artists already post their music themselves on this website. This bill only calls for companies and other publishers to have their right to file suit against services that pirate and/or steal their work that they worked hard for, and present their case to the supreme court to be reviewed before it is even considered to be taken down individually.
This is very important, because its not about the, "free and open" aspect of the internet. That will still largley remain in tact after this. It is about the fact that the internet is a massive factory for piracy and scandals, full of torrents and illegal sites that protrude and damage companies such as Adobe and many others. People really need to remember that this bill first forces companies to submit their claims to the supreme court just like any other scam or fraud, and the government cannot just step in by themselves.
If anything, I am all for SOPA, because no sane person can openly say that the internet is anywhere near legal.
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I'm not saying it's anywhere near legal. A plethora of illegal activities goes on on a day-to-day basis. But who's to say that it should be governed? It is not a "U.S. Technology". It is world-wide, and the US should not block me from viewing websites just because someone has a copyright infringement on the website.
You are also correct in stating that it'd allow publishers their rights and whatnot. It enables copyright holders to take action on no only websites engaging in copyright infringement, but also facilitating it as well - hence the Youtube, Facebook, etc., references. Essentially these website have the choice of Censoring all of their users, or shutting down for fear of being sued.
Actions of such lawsuits will ban companies not directly involved (Such as Paypal or other banking-like websites) from doing business with the website(s) deemed as copyright infringing. So essentially the Government is telling people who we can and can not do business with.
This bill also makes it illegal to stream copyrighted content. Goodbye Youtube. A fine for 1 (ONE) view of a copyrighted, streamed video can lead to a penalty fine of up to $1,000. That's for one view.
A large majority of current up-and-running companies, including investors, have already publicly stated that if this Bill should pass, they will drop funding or move to a different market. That doesn't sound very good for the U.S. Job Market, considering it's already in the crapper.
This bill would really stifle and kill a lot of start-up and internet entrepreneurship.