I firmly believe that anything “written off” in that manner - this includes movies, too, in particular - should have to be released into the public domain as part of that process.
Any business that’s paying less taxes is harming the public good; we should at least benefit in some small way from that.
Well if it’s “written off” of their taxes that means it’s taxes they don’t pay which is essentially paid by the rest of us in taxes we do pay. So yeah it should be public domain since we “bought” it.
That’s not accurate. A tax write-off isn’t “taxes you don’t pay”. It’s “lost income that isn’t taxed”.
The US corporate income tax is nominally 21%. If a company writes off 100 of loss (or charitible donations, or expenses, or anything else), their earnings are reduced by 100 dollars, saving them 21 bucks. There’s no way to “profit” off of failure through write-offs.
Exactly, can’t pay corporation tax on a loss because corporation tax is only paid on profit. Worked in a small company before and heard moaning from high up about having to pay corporation tax when Amazon don’t. We could have paid no corporation tax simply by giving everyone a pay raise.
It’s more likely they have contractual obligations with marketing companies, retailers, data centers, etc. If a product is discontinued they can get out of those obligations. Sure they will write off a loss and reduce the taxes they pay, but it’s not as if a bigger loss nets them more money somehow.
Really what needs to be regulated is all of the excessive exclusive B2B contracts which mean a company can’t just sell a product for a small amount of money to someone to maintain it when they’re done with that product.
Imagine you create a product that is mechanically functional but fundamentally terrible. Only a tiny group is willing to pay for it, and even that isn’t enough to break even. You have no choice but to pull it from the market and discard it. Then the government steps in and starts distributing that product for free. This is your personal intellectual property, you no longer control it or own it.
Your comment is deeply frustrating. It shows a fundamental misunderstanding of copyright and intellectual property, which is frankly astounding.
• The term endures for the life of the author plus 70 years.
• For works made for hire or anonymous/ pseudonymous works, the term is 95 years from publication or 120 years from creation, whichever expires first.
Dude. I noticed that there is a collective misunderstanding of copyright and intellectual property on Lemmy y’all need to read some wikis or something.
I’ve noticed here on Lemmy that the general user base just doesn’t like copyright laws or have a complete lack of knowledge of what a copyright is how they function and why it’s beneficial to copyright works.
It’s actually really frustrating mainly because you get downvoted for supporting copyright which is insane.
I firmly believe that anything “written off” in that manner - this includes movies, too, in particular - should have to be released into the public domain as part of that process.
Any business that’s paying less taxes is harming the public good; we should at least benefit in some small way from that.
Well if it’s “written off” of their taxes that means it’s taxes they don’t pay which is essentially paid by the rest of us in taxes we do pay. So yeah it should be public domain since we “bought” it.
That’s not accurate. A tax write-off isn’t “taxes you don’t pay”. It’s “lost income that isn’t taxed”.
The US corporate income tax is nominally 21%. If a company writes off 100 of loss (or charitible donations, or expenses, or anything else), their earnings are reduced by 100 dollars, saving them 21 bucks. There’s no way to “profit” off of failure through write-offs.
Exactly, can’t pay corporation tax on a loss because corporation tax is only paid on profit. Worked in a small company before and heard moaning from high up about having to pay corporation tax when Amazon don’t. We could have paid no corporation tax simply by giving everyone a pay raise.
It’s more likely they have contractual obligations with marketing companies, retailers, data centers, etc. If a product is discontinued they can get out of those obligations. Sure they will write off a loss and reduce the taxes they pay, but it’s not as if a bigger loss nets them more money somehow.
Really what needs to be regulated is all of the excessive exclusive B2B contracts which mean a company can’t just sell a product for a small amount of money to someone to maintain it when they’re done with that product.
Imagine you create a product that is mechanically functional but fundamentally terrible. Only a tiny group is willing to pay for it, and even that isn’t enough to break even. You have no choice but to pull it from the market and discard it. Then the government steps in and starts distributing that product for free. This is your personal intellectual property, you no longer control it or own it.
Your comment is deeply frustrating. It shows a fundamental misunderstanding of copyright and intellectual property, which is frankly astounding.
“Imagine you create something that ends up being terrible, you can’t profit off it, and then people can get it for free!”
I don’t understand what the problem is here.
In the US our Constitution only grants you a monopoly on your creation for a limited time before it ends up in the public domain.
• The term endures for the life of the author plus 70 years.
• For works made for hire or anonymous/ pseudonymous works, the term is 95 years from publication or 120 years from creation, whichever expires first.
Dude. I noticed that there is a collective misunderstanding of copyright and intellectual property on Lemmy y’all need to read some wikis or something.
The constitution grants Congress the right to create public domain laws, and that’s it. With current law it’s decades away from applying to this game.
I’ve noticed here on Lemmy that the general user base just doesn’t like copyright laws or have a complete lack of knowledge of what a copyright is how they function and why it’s beneficial to copyright works.
It’s actually really frustrating mainly because you get downvoted for supporting copyright which is insane.