> How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? I agree that determining

> How do you determine the value of intellectual property if not by looking at how much income is actually being derived from said IP? I agree that determining the value of IP is difficult. Georgists would probably advocate that there is no reason for IP to be in private hands in the first place, nor any need for a system of IP. Alternatively, you could give temporary ownership of the IP to the creator (like we already do, except without the absurd lengths of time), then when that expires, put it up for auction to determine the pricing, then tax based on that.