Tuesday, December 11, 2007

Property Tax

The problem with the industry is simple: we treat music like real estate. It is a package deal complete with property rights, sales agents, mortgage lenders, appraisers, foreclosures, auctions, and demolitions. Except in music, there are no property taxes, which means the product is not appreciating in value. There are licensing and performance fees, but those are not comparable. Music is not a necessity. It is a luxury. There may be factors that influence its progression, like the advancement in technology, but predictions on how listeners and the industry are going to react cannot be made. It is not a housing market. Music is an art and art is a subjective matter. Nothing will change for the better until music is treated like a valuable.

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