Actually 5 years is too quick, if the Government knows one thing it's that you rape your citizens slowly.
In 5 years the cost to get a licence to own a website will be $300 to $400. This licence only grants you the ability to own and operate a non-ecommerce "personal" site*.
The Government's argument will be that they need to licence all websites no matter what they are for because of all the bad people out there doing bad things. Somebody think of the children!
Any intended alteration of the website beyond the scope of the license will mean applying for a new license.
In other words, if you have a blog, it must stay a blog. You can not without prior approval and appropriate licensing turn it into a video site.
There will be an extra free which will grant you the ability to monetize your site with adverts, but only from selected advertising networks.
This licence will only allow you to run adverts as the sole form of monetization, you will not be allowed to directly sell products on your site.
Over the next 10 to 15 years the Government will keep increasing the fees and cost of compliance until it's financially impossible for anyone without $1 million dollars to start a website that competes with anyone of importance (Google, Microsoft, Amazon, etc).
This shit's been in the winds for a long time, Affiliate Nexus Tax, et al.
* People will complain of course, but the response will be, you're a pedophile who rapes children otherwise you would want the licensing system and if you just want a personal blog use wordpress.com, wix.com, etc, etc.
I like how there are lots of conclusions in this post but no evidence cited whatsoever to back it up.
It might seem strange but there have been countries in the past that have implement draconian measures such as these.
For example, in Australia circa 2000 to own a .com.au you need to register a business and the name for the domain had to match the business name exactly, no exceptions.
And while the regulations on what domains were allowed were fairly relaxed (the only words not allowed were words considered profane. Cunt, shit, fuck etc) the regulations on what business names could be used were strict.
But that can't happen in the land of the free!
I think Mikhail Gorbatsjov said it best, "America used to fight against the USSR, now it's desperately trying to become it."