Quote:
Originally Posted by peter09
As an aside:
I have often wondered how a musician (and his descendants?) can earn money for many years`from 'one performance' issued on a CD - compare this to a musician in say the 18th century, and compare to the rest of us, whose creative work, once done and money earned, has gone.
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Intellectual property is *property*. A musician's kids can continue to earn money from his CD in the same way that landlord's kids can continue to earn money from a rental house their dad bought and rented out, or the way a businessperson's kids can continue to earn money from the family business, or in the way a farmers kids can continue to earn money by farming the land they inherited, or the way anyone's kids can continue to earn money from stocks they might have inherited.
Property is different from work for hire. You can't leave your job to your kids, but you can leave them your property. Which may (or may not) be income producing.