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Wealth & Economics > Term of property rights

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message 1: by Nik (new)

Nik Krasno | 13781 comments Intellectual property is a relatively new construct and in most cases it's time limited. Copyright usually lasts during life + so many years (50, 70, other term), patent may last 20 years or a different term, utility model - usually even less.
https://en.wikipedia.org/wiki/List_of...
https://en.wikipedia.org/wiki/Term_of...
Traditional properties, real estate, tangibles, largely aren't time limited.
Why the discrimination and how should it be? -:)


message 2: by J.J. (new)

J.J. Mainor | 2151 comments Maybe, but you usually encounter the so-called death tax and the heirs have to pay up to the government even though the deceased paid his or her income taxes on that wealth during their lifetime. I suppose you couldn't hold onto the property unless you could pay the taxes, in which case the rich are favored under this system since they're the ones who can come up with the money to keep the assets.


message 3: by Nik (new)

Nik Krasno | 13781 comments J.J. wrote: "Maybe, but you usually encounter the so-called death tax and the heirs have to pay up to the government even though the deceased paid his or her income taxes on that wealth during their lifetime. I..."

Interesting stuff, actually made me check the worldwide situ with inheritance tax. As far as I can see in OECD countries approximately half tax estates and another half doesn't: https://taxfoundation.org/estate-and-...
And as with many other taxes, prima facie there are ways to reduce or sidestep this one too. Just an example I found on the internet:https://www.ft.com/content/cc16b4b8-5...


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