Copyright Money Being Added To GDP

[lezinterracial]

http://www.zerohedge.com/news/2013-0...gibles-economy

?We?re capitalising research and development and also this category referred to as entertainment, literary and artistic originals, which would be things like motion picture originals, long-lasting television programmes, books and sound recordings,? said Mr Moulton.

I realize this move is to make the economy look better on paper.

But if it is determined piracy is effecting GDP, Will the government do more about controlling it?

[L-Pink]

Since its the only thing we produce anymore sure.

[_Richard_]

it literally is out of thin air: according to the FT the addition will constitute of a one-time addition of intangibles, amounting to 3% of total US GDP, or more than the size of Belgium at $500 billion, to the US economy.

now i know why these guys make the big bucks

[Captain Kawaii]

This is cooking the books to prop up a corrupted government. Soon they will be encouraging people in the US to breathe more so we can elevate CO2 production for export and add that as well. With a 6% variance between gdp and debt, good fucking luck.

There must be some benefit to us gov for not doing more about piracy. Not sure what it could be but...

[L-Pink]

Originally Posted by Captain Kawaii

There must be some benefit to us gov for not doing more about piracy. Not sure what it could be but...

Apathy or ignorance is all I can figure.

[Captain Kawaii]

Originally Posted by L-Pink

Apathy or ignorance is all I can figure.

Both and a nice dose of politics keeps them from doing anything. My guess is the people who own congress are profiting from piracy.

[Barry-xlovecam]

It is just a recapture of development costs and R&D amortization capitalized values for depreciation.

Who knows if they were counting that or how they were. Obviously, the current year expenditures are part of the GDP ... Maybe, they were being differed over the deprecation schedule (15 yrs?)