Trademarks are IP; I thought we were taking about a generalized IP tax.
But, ok, copyright.
Who exactly is going to do these audits, find comparable works, etc? For every single copyright (500,000-ish registered in the US per year, far more unregistered but real copyrights)?
And you’d need to audit all existing copyrights… that song may have produced very little revenue, but then a big artist covers it, and the composition rights (but not performance rights) are suddenly worth a lot more.
It all seems like an exercise in applying engineering to law, which never goes well.
But, ok, copyright.
Who exactly is going to do these audits, find comparable works, etc? For every single copyright (500,000-ish registered in the US per year, far more unregistered but real copyrights)?
And you’d need to audit all existing copyrights… that song may have produced very little revenue, but then a big artist covers it, and the composition rights (but not performance rights) are suddenly worth a lot more.
It all seems like an exercise in applying engineering to law, which never goes well.