Final answer:
Copyright laws are designed to protect the intellectual property of creators, whether or not the content is created for profit, which makes the statement false.
Step-by-step explanation:
Copyright laws play a significant role in safeguarding the intellectual property of creators. The assertion that copyright laws only apply to online content that makes people money is false. Copyright protection extends to a wide range of works regardless of whether they are created for profit or not. This includes books, music, and other forms of original authorship. Whenever we engage in the illegal downloading of protected works, we infringe upon the economic rights of the creators. These rights are upheld by state and federal governments, which have passed laws to protect individuals' intellectual property. As the Supreme Court decision in MGM Studios v. Grokster demonstrated, entities that facilitate copyright infringement can be held legally accountable.