Comment Re:They should be doing the opposite (Score 1) 309
But we also agree on the value of a dollar. A concept since it is granted a temporary (waiting to see a temporary recording of anything say from the Motown period on) monopoly has an arbitrary, as defined by the seller value. My song is worth $100 a copy because I say it is. Yours is worth $1 because you chose to sell it for that. The market gets to decide what volume of each to buy but other artists are still banned from making copies for a ridiculously long period of time (effectively anything you hear in your lifetime that the artist wasn't dead at the time you heard it you won't live long enough to make your own version). Society isn't benefited because the person controlling the copyright gets to decide how it is distributed, if they decide 8 track delivered by donkey that is how it will be.
Money is different because not everyone is allowed to make a copy so there is a (relatively, short of opening up the printing press) finite supply. It is also more tightly tied to real objects, like food. Food takes a significant amount of effort to grow and prepare. How much does a download of a song cost? Its value is tied not to the cost/effort of production but due to the producer's ability to enforce their monopoly on the work. An artist's gifts are relatively rare and so they deserve to be well compensated for the work they do but does that mean that their grandkids should be too? There should be a temporal proximity to the effort/when the good goes to market and the financial reward. Having a good idea whether as an engineer or a singer in your 20's shouldn't keep paying you when your 70: it does society a disservice to give those capable of greatness a propetual fountain of money which means they can retire and bang models in the Bahamas for the rest of their lives rather than use their rare talents. If you want to make the money last you should earn your money and invest it, or keep coming up with ideas/products, not have a checque show up every month or whatever paying you for that great idea of long ago.