"if you want more <x> lower the expected returns from <x>"
https://twitter.com/averykimball/status/1151821385611636737 …
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3/ Allowing an innovator to profit from their investment in engineering R&D is "arbitary" and "parasitic" ?
https://twitter.com/averykimball/status/1151822405402107904 …Show this thread -
4/ No, no, not abolishing them at all! Just ... abolishing 95% of the duration, and perhaps 99.5% of the utility, given that patented inventions are often selling at a loss / finding their market in their first few years they're for sale.https://twitter.com/averykimball/status/1151822948035993601 …
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Restricting the time period where you can recoup your production costs (invention development, book/movie/song production) will cause producers to seek some other way to make money. Chinese theft of IP is not the model to imitate
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Due to my calculations, one year is enough of a monopoly on something that would have been innovated within that year by someone else anyway (or much less).
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Not like I'm abolishing patents, dood.
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So what's the downside?
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