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If copyrights and patents are "(intellectual) property" and valued accordingly, how much revenue could the government obtain if they made companies pay annual "property taxes" on them?

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How would you value it? One way would be to look at the revenue generated each year...

It turns out they already tax that, though.

They can set the value at whatever they want. And the government, or anyone, can buy the rights at that value, 5 years after creation of the work.

Value the same way as in case of copyright infringement. One song worth $1000 or some other absurd amount.

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