2/ But here's an argument for why 30 years of copyright is better than 5 (or why 50 > 30). I wrote two novels. It took me 2,500 hours. I earn, let's say, $5k/yr from them. Assume that remains flat (it'll fall, of course). With 5 yr copyright my total earnings are $25k. >>
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3/ i.e $10/hr Noting this, I consider writing sequels...but decide against it. But now ponder 30 year copyright. My total earnings are $5k x 30 yrs = $150k. Net present value of $75k, maybe? So $30/hr. At this rate, I can afford to write more novels.
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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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there absolutely are non-financial benefits however, supply-curves, yo X people write for ego alone Y > X people write for ego + 5 years of royalties Z > Y people write for ego + 10 years ...
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