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by bambax 5278 days ago
> You could say the same about any kid who inherits wealth

No, you couldn't. If your dad is a car salesman and makes a fortune, you can inherit his wealth, but not his recurring revenue (once he's dead he's not selling cars anymore).

Harry Potter books will continue to earn money for their author's descendants after her death, in addition to all the money they earned for the author directly (and which will have been inherited by her kids). That's a unique feature of intellectual property.

1 comments

That's exactly the point. Why do we want to let one person pass the value of what they've done along to their children and not another? One man sells a car and generates $1000 in value for his family, he dies, they get it. Another writes a novel, dies 3 weeks before it's published, it is a masterpiece, but his family doesn't earn a dime. Sounds pretty lame.
It sounds lame, but it in no way reflects reality, so i don't understand what your point is. Under the current system, the recently deceased authors book would earn royalties for his estate for 75 years. Grand children he's never met will benefit financially from his work. We grant them a monopoly, and get no social benefit. This is a perversion of the intent of copyright, which was to promote more creative work.

Simple inheritance is categorically different. Your inheriting money from your family has no negative impact on others. But if you inherit an intellectual monopoly, it is taking something away from the public good for no benefit. That may be acceptable for a reasonably limited term. But how anyone can imagine a copyright term that extends across multiple generations is reasonable is beyond me.