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SvennoJ said:

That doesn't mean it's legal
It's worth noting that this ruling does not exempt operators of these streaming services from legal responsibility, only the viewers and users of these services.
The case was about people receiving emails with copyrighted material, whether people opening those emails can be sued... It's a loophole. I imagine it was passed because it's impossible to prove intent with auto playing streams.

Taxation on recordable media does not make sense. Most people download, watch, delete. It made some sense in the past with casette tapes, as it was normal to record from the radio and make mix tapes etc. Nowadays there is zero relation between the storage type and possible copyright infringement.  A 2tb hdd can hold over 500,000 songs, a thousand SD movies or 200 HD movies. There must be some hefty tax on that...

The revenue lost is not the only downside.
http://www.digitalmusicnews.com/2015/07/16/if-you-think-piracy-is-decreasing-you-havent-looked-at-the-data-2/
Roughly 20% of internet traffic is piracy related. Or basically 1/5th of what I pay my isp, is to pay for bandwidth used for piracy... Overpriced internet with bandwidth caps.

Well, our internet is actually very cheap with unlimited downloads (€25 per month, umlimited, 50 Mbps), so it's not like we are hurting that one guy somewhere that has a morality issue. Also, the tax is actually very low, less than 1%, it's better that those copyright holders get something than absolutely nothing. I download probably about 50-100GB per month, so it's absolutely worth it to me not to pay anything for it.