Re: the beauties of capitalism
On Jun 1, 2007, at 2:26 PM, Sean Andrews wrote:
s that what this category refers to? Owners of various IPR? Would, for instance, Michael Jackson, who I understand owns a lot of Beatles copyrights, fit within this category? Do they still qualify if they are like Microsoft and also make something with the IPR they hold? Finally, is this a new category or is it just something Doug noticed today?
Not new at all - I just paid attention to it for the first time
today. It’s very small - it employs 31,000 people, or 0.02% of the
U.S. workforce.
The def is in the link
533 Lessors of Nonfinancial Intangible Assets (except Copyrighted
Works)Industries in the Lessors of Nonfinancial Intangible Assets (except
Copyrighted Works) subsector include establishments that are
primarily engaged in assigning rights to assets, such as patents,
trademarks, brand names, and/or franchise agreements for which a
royalty payment or licensing fee is paid to the asset holder.
Establishments in this subsector own the patents, trademarks, and/ or franchise agreements that they allow others to use or reproduce
for a fee and may or may not have created those assets.Establishments that allow franchisees the use of the franchise
name, contingent on the franchisee buying products or services from
the franchisor, are classified elsewhere.Excluded from this subsector are establishments primarily engaged
in leasing real property and establishments primarily engaged in
leasing tangible assets, such as automobiles, computers, consumer
goods, and industrial machinery and equipment. These establishments
are classified in Subsector 531, Real Estate and Subsector 532,
Rental and Leasing Services, respectively.