Have you ever wondered why bands are allowed to "cover" other bands music without any kind of prior permission? It is because the US Congress wrote something called a compulsory license into the copyright law. Music was thought too important to our culture to allow one person to have control over a new song.
I say it is time we brought the idea of a compulsory license to patents.
I'm of the opinion that a patent that has not been reduced to practice should be regarded as ineligible for any enforcement action. If you can't make it work, you should not be able to tax the people who did make it happen. And you definitely should not be able to prevent certain technological developments using the legal system just to protect your existing business.
No limits, no greater good…
At the time of the writing of the Constitution something was needed to help spur innovation. It was written in the time of inventions like the cotton gin (easily copied 100x over by anyone who bought 1). But make no mistake, patents and copyrights have been implemented solely to help improve society as a whole since day 1. Enriching inventors is a by product of the desire to push science and art forward, not the raison d'être.
Now it seems that patents, taken as a whole, inhibit innovation. Most entrepreneurs view patents as an obstacle to be overcome, not a reward for their efforts.
I think it's time we either abolish them or vastly raise the bar on what it requires to get a patent. We have several orders of magnitude too many patents on the books today.