President Trump floated a major change to the way
America protects private intellectual property rights, which could hit IBM, Apple, Google, and others hard
According to The Wall Street Journal, Commerce Department officials are weighinga new model that would charge patent holders 1% to 5% of a patent’s overall value each year.
The goal?Raise billions of dollars to help reduce the nearly $2 trillion annual national deficit.
If enacted, it would mark a sharp break from the 235-year-old system, where inventors pay a series of fixed fees —
typically around a few thousand dollars — regardless of the patent’s “worth.” Under the proposed model, annual fees could balloon for companies with large portfolios of high-value patents, like those in sectors such as semiconductors, AI, or biotech.
Indeed, the largest patent holders are already getting thousands of patents granted every single year.
My Thoughts 💭
Talk about coming after big tech and making them pay their “fair share” I am shocked to see such a proposal come out of a Republican captured government. Odds of this happening are at zero’ hey @mega_dreamer add this to predxy 😁