Some good news: http://gigaom.com/2013/02/16/obama-says-patent-trolls-hijack-and-extort-so-do-something-mr-president/
Even the President has noticed and responded about the existence of Patent Trolls. His words:
“The folks that you’re talking about are a classic example; they don’t actually produce anything themselves. They’re just trying to essentially leverage and hijack somebody else’s idea and see if they can extort some money out of them.”
This is great news because there might be some very soon to come changes in the patent world, especially if Obama decides to get involved. A few things he could do:
1. Some industries have actually blocked some previous patent reform efforts, so he'll need to stop monopolies. For tech though, there is often not as much of this issue, because first-mover advantages result in quite a large advantage for them, and because tech moves super fast.
2. To address trolls, he may need to change the pattent fee structure, so that hoarders have less incentive to hold onto patents. Obama could potentially be involved with this directly and he can also try to reduce jury verdict to below the billion dollar mark.
3. He could increase the attention on huge patent trolls, and maybe have a start-up tax. Politically that's already tough, but there shouldn't be a reason that private companies can avoid taxes like these.
What do you think Obama should do?
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