I'm not defending long copyright terms (I think 14 years is plausible). But the answer to your question is "it allows people to invest to create annuities that pay them for decades, and pay their children" Should you be allowed to save money for 50 years and pass it on to kids?https://twitter.com/ee_elephant/status/1124018768286556163 …
4/ Now ponder 60 year copyright. Hourly rate goes up again. I won't live long enough to capture all of it ... but the magic of markets means that I can time-shift future income into the present by selling the rights to my novels to some third party.
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5/ So, now, go ask my fans "you've already purchased Morlock's first two novels. Do you prefer a world where they become public domain in 5 years ...but he never writes any more? Or do you prefer a world where they remain $5 each for 50 years ...but he writes 10 more?"
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6/ I suspect that the folks who like my writing would say "yes, 50 year copyright for Morlock!" That's an argument for why long copyright is better than short.
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