Thursday, July 13, 2006

Patenting Tax Reduction Strategies

Here's a (very) short summary of what sounds like yet another evil-minded attempt to make people pay for every single thing they do during the day. I'm somewhat ambivalent about intellectual property and patent stuff in general. I have no real background on the subject and haven't put a lot of thought into it. But it seems like the ordinary rationales for allowing people to patent things does not apply in the case of methods with which to comply with the IRC.


Blogger warm fuzzy said...

my understanding of patents (which is limited only to observing Panda when she worked on one for her job) is taht they are really hard to put togethere, very boring, very detailed, and take a long time. Why would someone go through this much trouble?

10:12 AM  
Blogger Matt said...

To get money from other people, through either lawsuit judgments, lawsuit settlements, or licensing fees.

Basically, it's a bunch of people claiming "I thought of it first!" and trying to get paid on that basis.

10:57 AM  
Blogger Matt said...

Crap, either shouldn't be used for three alternative choices.

10:57 AM  
Blogger warm fuzzy said...

I know, but I'm saying how could it possible be worth the trouble for such stupid stuff, like "LIfe Insurance continuation plan." Give me a break!

12:25 PM  
Blogger Fishfrog said...

The thing about the stupid little stuff is that people use that stuff all the time and so the potential for a payoff is greater for whoever patents it.

3:27 PM  

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