Want to Reverse Inequality? Change Intellectual Property Rules.; The Nation, February 8, 2021

Dean Baker, February 8, 2021; Want to Reverse Inequality? Change Intellectual Property Rules.

Changes in IP have done far more than tax cuts to increase inequality—and US protection of IP could lead to a cold war with China.

"While the Reagan, George W. Bush, and Trump tax cuts all gave more money to the rich, policy changes in other areas, especially intellectual property have done far more to redistribute income upward. In the past four decades, a wide array of changes—under both Democratic and Republican presidents—made patent and copyright protection both longer and stronger."