You still have the handicap, you just end up with another tax that makes you pay more for something you want. The solution is what our President is actually doing: He’s cutting the red tape.
PS do you support importation of prescription drugs?
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.
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.