Would obv want to see the details, but just that patents are one of the few ways a very small company can make products in a domain a very large company exists in without the very large one just demolishing the small one in an afternoon by replicating their products

This….. It’s terrible for small biz innovators and will likely harm future innovations. Dumb idea. Not surprised they came up with it. These idiots want to tax creators/innovators and not Wall St

if it’s truly novel and worthwhile in market the first mover advantage matters more than patent most often… spurious litigation is already rampant by entrenched actors (from what i recall of my thesis on ip law and innovation)

seems like this would be a good revenue generator on large firms who generate patents and acquire them defensively, litigate aggressively, and tend to hold back innovation and small actors in practice already. And *maybe* disincentivize that behavior a bit

Depends how upstream the research is. But patents are often real costs for new market entrants before you have revenue

yeah fair, also no idea how VC has impacted this space in time since I was reading the research / lit 15+ years ago

Yes. Though I'm not sure a 5% rate would be punitive even for smaller firms.

So I get jumpy when people try and fix the patent troll problem by trying to make getting patents very expensive or hard.

Would a partial solve for this be a tax break/credit for small firms?

Sounds like what this does is create a mortgage market for ideas.