Artificial Intelligence, Intellectual Property, and the Next Captured Economy Time and technology await no one. AI is developmentally an infant. An intelligence must acquire information before it can do anything useful with it. Humans learn by observing, reading, imitating, experimenting, being corrected, and synthesizing what they’ve encountered. Artificial intelligence does essentially the same thing through radically different machinery and at radically different scale

Tax policy is often debated in terms of fairness. Should the wealthy pay more? Should income be taxed more heavily than consumption? Should corporations shoulder a greater share of the burden? These are important questions, but they are not the first questions that should be asked. The more fundamental question is this: What incentives does a tax system create? Every tax system influences behavior. Taxes do not simply collect revenue. They encourage some activities, di

Every institution develops incentives. Businesses seek stability because stability makes planning easier. Universities seek larger endowments to expand their programs and ensure their future. Charitable organizations seek continued donations to fulfill their missions. Bureaucracies naturally seek larger budgets and broader responsibilities because additional resources increase their ability to accomplish their objectives. None of these tendencies necessarily arise from il