Posted on 09/25/2017 6:37:42 AM PDT by Kaslin
You'll never cut the red tape to equal the legal cost of operating in China, Vietnam or Mexico. Ever. Even if you did, with a 35% domestic tax on earnings here and 10% over there, it'll still never work out. I would actually have business income tax on earnings in the US at 0% and have a tariff of 20% to make up for the business income tax. Why start with US earners (business and earners)
It depends. Some countries, like Canada, play a shakedown game with intellectual rights. They essentially threaten to steal the patents forcing companies to sell below cost. I don’t believe in the trade of stolen goods.
So no. You do realize patents are not capitalistic, right? Patents are inherently anti-capitalistic as it creates a legal monopoly. Patent reform is one of the most badly needed things in the entire system, and not in favor of big business.
Even if this was true because America lacks the political will to make those changes Tariffs are still just another layer of pain inflicted. Capitalism by it’s very nature is dynamic. Companies are going to rise and fall as the markets change. We get focused on the change induced from overseas because it’s inflicted by “THEM!” , yet we see tariffs as OK because the pain is inflicted by “US”. It’s like curing a sore throat by dropping a brick on your foot. At the very least the pain caused by foreign competitors should be used politically to change our own laws that handicap our side, not impose the further handicap of another tax!
You do realize patents are not capitalistic, right?
I could not disagree more! I’ll let Ayn Rand answer this one for me.
BLah, blah blah. We spend $4 trillion a year at the federal government level. It makes 0 sense that 99% is paid by US citizens and 1% is paid by foreign citizens with ~12% of our GDP is imports.
I could not disagree more! I’ll let Ayn Rand answer this one for me.
Do you understand the difference between IP and patents? They aren't the same thing. Do you think patents should be forever? If not, you do agree, you are simply arguing for longer time lengths. IP is the name Disney or Tylenol. Patent is the Tylenol pill formula vs the Walmart branded version. The supermarket company I used to work for was the very first one to sell premade gourmet hamburger patties with a variety of "stuffed" items in the burger (eg: bacon, mushrooms, cheeses, etc). Does that give that supermarket company the right to forever be the only company to sell "stuffed" burgers?
No extradition treaty with C.R., IIRC.
“Teach a man to fish...” and he stands a better chance of survival in Venezuela.
Grass.
In that time Venezuela went from plenty to starvation, literally. Not even a generation. Given the surplus present in Venezuela in 1999, enough to make Chavez's speeches about inequality popular (sound familiar?) they managed not only to squander the surplus but put a wrecking ball to established wealth-producing industries. That's actually pretty difficult to do. Details tend to be a bit repetitive, but when "redistribution" meant expropriation of the means of production and its placement into the hands of those who saw it only as a source of personal wealth, the systemic rot was incredibly rapid. Socialism does the first and brags about it. Marx insisted the excision of the class running the factories would result in increased productivity. Marx was an idiot about so many things.
In fact, socialism is theft, about which Marx was correct, but it isn't really on the behalf of the people, to which any Venezuelan can attest. The New Boss isn't really the same as the Old Boss, he's a thief, not a producer accused of being a thief. The difference is now shown in the pinched faces of the Venezuelans.
Still, to ruin the thing in only 18 years is something of a dark accomplishment. You'd have to be systematically wrong about nearly every economic decision during that time in order for that to happen. The media are pompously proclaiming lower oil prices and drought as the culprits because they can't or won't face the truth. Neither was the case. Human stupidity and greed were the case.
Grass.
Only if he is out of sight from any government functionary AND can fish successfully with a line attached to a cane pole from a stream bank! Boats are few and falling apart, nylon fishing line and most modern tackle is too expensive and marks the user as a class enemy (unless fishing with Maduro!)
Greed is normal but it is incorrect to imply that Capitalist greed competes with Socialist greed.
Capitalism and greed exists in all forms of government. The major difference lies in who owns or controls the capital.
One of the post suggest, “Teach a man to fish” … but only in Americanism can the individual control who owns the fish and dispose of it as he wishes.
Bkmk
No. The link I provided had the answer for that. To get a drug past the FDA now costs 2.5 billion dollars. How is a company going to recover that cost if someone else can sell the same chemical under a different name? This gigantic hurtle is getting people killed. Maladies with small markets have to be ignored. If ever there was a need for deregulation this is it. It should be noted the giant companies like it this way: it makes new competitors all but impossible.
3) The US cannot shoulder the cost of pharma's profit entirely. Right now the USA is 90% to 110% of Pharma's entire profits depending on which source you believe. By allowing importation of drugs, pharma will be forced to deal with other governments. As long as they can just charge ridiculous prices to US consumer, they have little incentive to rock the boat overseas.
I’m almost with you on this point. Since it’s the same human body if a drug is already working overseas then let the company that owns the patent sell it here. With billions at stake you can bet big pharmaceutical would fight a simple change like this tooth and nail. Big business is often the enemy of free enterprise. I’m not surprised at the lack of real progress given the incredible costs incurred for getting official approval . By the way this is why I think Obamacare is clinging to life . With Uncle Sam footing the bill medical companies can charge gigantic amounts with our collective deep pocket paying. Our Senators did not get rich by their good looks!
Self Ping.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.