I refuse.
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First, I find online petitions silly. I'm more likely to flood my Congressmen with letters, emails, and phone calls than to sign an online petition.
Second, I don't know if that's a really new law anyway. No one's really supposed to reproduce copyrighted material or show it to a ton of people without expressed written consent. Putting something on YouTube is about the equivalent of mooning a police officer and not expecting to be taken off for indecent exposure.
Third, in practice, I don't think anyone is going to bother with some matters (i.e., Happy Birthday renditions.) It's too much trouble and too benign for anyone to bother with it.
And fourth, like with most things, I kinda doubt the government here will take many people to court and attempt to get them locked up for years. It's just not worth it. Edited, because mostly redundant.
Now, I'm not naive enough to believe that the hands in lawmakers' pockets don't have a say in the bills being considered and the laws being passed. But it's not really my position to say what I should be able to do with other people's stuff. I don't think inconvenience is a reason for me to get upset about not being able to do whatever I want with something that doesn't belong to me (even if it belongs to a money-grubbing industry.)
I may be concerned if someone actually gets locked up for posting their version of Happy Birthday on YouTube, but I'm more likely to ask the convict:
"…so…was it worth it to go to jail over singing a kid's song?"
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In that instance, I question the person who broke an easily followed law more than the law itself.