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I'm sure some would continue writing if copyright went away, but many would not. As I've said before, the more people you have writing, the better writing you're going to have (just by the law of averages). It's in our cultural interest to encourage as many people to write as possible.
I'm certainly in favor of modifying copyright, though. I don't see why copyright should outlive the author. If an author wants to provide for his/her heirs, he/she can put the profits from the sale of the book in a bank account, and invest it if he/she thinks it's wise. There's no reason the heirs should be able to milk that cow 70 years after the author is gone.
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