The main issue with terms of service is that they usually require users to grant access to certain kinds of data, which many people feel is a violation of their privacy. Public outrage at bills like CISPA was incredibly strong because the people saw it as a violation of their rights to privacy on the Internet. In addition, it was recently discovered through whistle blower Edward Snowden that the National Security Agency was keeping records of all activity on the Internet in the name of national security. Naturally, this has sparked a heated argument about whether or not it's acceptable for the government to spy on citizens if they claim it's done to protect the country from foreign threats. I think that it's safe to assume that if an Internet Terms of Service were created it would include some kind of section that allows the government to have access to the kind of information that the NSA was gathering, the kind of private information that the average citizens feel the government has no right to be viewing.
I feel that if an attempt to implement some sort of Internet Terms of Service was made, there would be a public outcry about trying to limit or lessen the people's freedoms on the Internet. The Constitution of the United States already provides rules and restrictions on the freedom of the people - rules that have been applied in the past where the Internet has been concerned - so any attempt to add to that by placing Terms of Service on the Internet won't accomplish anything good.
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