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by soundwave106 3084 days ago
Plenty of economists have negative views about inherited wealth, and the negative sociological and economic effects of inheritance inequality that result. Copyright goes beyond wealth -- it is a defacto monopoly on creative work that the public cannot benefit from without paying someone for the privilege of usage.

Although you are taking the "family" viewpoint, the reality is that copyright more atypically tends to be shuffled around and bought up by large rent-seekers corporations. Many times, the original artist's descendants don't even make a penny. Example: Before invalidated in 2015, who benefited from the strange copyright on "Happy Birthday"? Was it the ancestors of the originators (Mildred J. Hill at the most direct, but probably with several other hands involved before it morphed into its familiar form)? No, it was Warner/Chappell Music.

To me, it would be very hard to argue that the benefits of extended copyright at this point. It's a form of rent-seeking, an activity many economists have problems with. (It was actually pretty easy to find an economist -- a Nobel winner -- blasting rent-seeking. Nobel winner Angus Daton did so here for instance around the 30 minute mark -- https://www.c-span.org/video/?424924-5/national-association-.... It was more in the context of our broken health care system, but similar issues apply with government-sanctioned monopolies of creative works.)