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Originally Posted by tubemonkey
I have a problem with this because the system is generally unfair to those in the lower economic classes. When eminent domain comes into play, it frequently impacts those classes. Try building a strip mall or adding lanes to a road in an upper class neighborhood.
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Everything is unfair to poor people, including eternal copyright. Two authors get great ideas for transformative works based on older works. A rich author can afford to pay the rights holder, and can afford to take the loss if the book doesn't sell as well as expected. For a poor author, the risk of paying that extra fee before they even get started may be enough to make them shelve that idea forever.
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As I've frequently stated, I see no difference in terms of property rights between Lord of the Rings and the family farm. If LOTR has to go into the public domain, then so should the family farm. If you see a benefit to society by getting the right to read and use someone's characters for free, then I see a benefit to society of being able to use the family farm to offset taxes by either selling or renting it.
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Oh, I'm in favour of much much
much higher inheritance taxes too, but that's out of scope for this discussion.