Why is this allowed

of course we would

the market would adapt to it

that comment is as silly as saying, "if you raise taxes, rich people will just leave"

as if someone else won't step into that spot and be like "that seems like a good amount of money to me" etc etc

No... You think it's silly. To me (and many others) it's not so.

Money flees to countries that treat it best. I work in international tax. Most of the clients we work with are setting up shop in Ireland due to low corporate tax rates. Just because you don't think that's not reality doesn't make that fact.

And sure other companies will come into the market until it's at equilibrium, but lower profits definitely means there will be less companies that will be interested in investing billions of dollars in medications for the good of society.
 
I believe in patent laws because I know how insanely expensive it is to develop these drugs (and 50 other drugs that failed and never made it to market).. If you want to cap the price, that's fine, but you won't have companies that will be able to develop them.

Again, we're not dealing with R&D here. WE're dealing with a company founded about 6 months ago or so, buying another company's patent and jacking up the price. It should be illegal. It's short trading, vulture capitalism, any number of insanely dumb things.

I'm all for protecting rights of R&D and companies recouping cost of discovery. THis discovery was made 50 years ago, and has had no changes. How can you justify it being patented and protected still?

Even ignoring all that, how can what this company is doing be anything other than stealing, or more specifically, takign people hostage. They took a readily available drug, and raised the price 5,000%. It's criminal.
 
No... You think it's silly. To me (and many others) it's not so.

Money flees to countries that treat it best. I work in international tax. Most of the clients we work with are setting up shop in Ireland due to low corporate tax rates. Just because you don't think that's not reality doesn't make that fact.

And sure other companies will come into the market until it's at equilibrium, but lower profits definitely means there will be less companies that will be interested in investing billions of dollars in medications for the good of society.

Tell me in which reality is the world you describe anything resembling a democracy? It's something out of the economic wing of 1984, and I ain't talking about the Van Halen album.
 
Tell me in which reality is the world you describe anything resembling a democracy? It's something out of the economic wing of 1984, and I ain't talking about the Van Halen album.
We could have a very interesting argument regarding ethics and what's best for society as a whole, but I don't think there is a debate to be had about whether pharmaceutical advancements would slow down or not. It seems rather obvious to me that they would.
 
We could have a very interesting argument regarding ethics and what's best for society as a whole, but I don't think there is a debate to be had about whether pharmaceutical advancements would slow down or not. It seems rather obvious to me that they would.

So, then you're admitting that the god of profits at all costs has nothing to do with, and to totally honest is often at odds with the God of ethics, ethical behavior, the ease of suffering and the betterment of humanity?
 
So, then you're admitting that the god of profits at all costs has nothing to do with, and to totally honest is often at odds with the God of ethics, ethical behavior, the ease of suffering and the betterment of humanity?

I am simply acknowledging that a world doesn't exist where those two gods can coexist. That sounds cynical, but it's also the world we live in.

I'm not a cold, calculating capitalist. But I'm also objective enough to see that many incredible things have been done for the "betterment of humanity" in the name of putting a dollar in one's pocket.
 
I am simply acknowledging that a world doesn't exist where those two gods can coexist. That sounds cynical, but it's also the world we live in.

I'm not a cold, calculating capitalist. But I'm also objective enough to see that many incredible things have been done for the "betterment of humanity" in the name of putting a dollar in one's pocket.

And many great things have been done without it too.

Honestly we could easily make healthcare public and devote a ton of money to research from the public sector. It would be more bang for buck beneficial to the public. Though I'm sure sturg will be here in 2 seconds to complain.
 
I am simply acknowledging that a world doesn't exist where those two gods can coexist. That sounds cynical, but it's also the world we live in.

I'm not a cold, calculating capitalist. But I'm also objective enough to see that many incredible things have been done for the "betterment of humanity" in the name of putting a dollar in one's pocket.

I'm not disagreeing with you. I"m saying those at the top make sure their income has no limits while praising the "free market" while at the same time they absolutely DO limit the income of those at the bottom while attributing that to, again, "the free market". There are more than a few people here who believe the "free market" is "great and powerful" but if they would simply look around they'd see there is someone behind the curtain controlling it in their own favor and it's simple math (the only kind I can do actually) that says there's only so much pie in THE pie, and even if you grow that pie those who already owned most of it will still own most of the part that's grown.

Those at the top who have made a fortune many times over pillaging the economy since the wonderful 1980s in the name of the "free market" while taking it from those under them and ruining individual lives, families, and pretty much the whole economy for the rest of us may be the heroes to some people but they WILL answer for it one day and that day is coming faster than they, and their paid religious "spokespeople" will admit.
 
And many great things have been done without it too.

Honestly we could easily make healthcare public and devote a ton of money to research from the public sector. It would be more bang for buck beneficial to the public. Though I'm sure sturg will be here in 2 seconds to complain.

So you want our completely ineffective, inefficient, bankrupt government handling innovative medical research?

That's a joke, right?
 
So you want our completely ineffective, inefficient, bankrupt government handling innovative medical research?

That's a joke, right?

He's also in favor of paying the CEO of companies who handle medical research less money if they make to much don't forget.
 
I'm not disagreeing with you. I"m saying those at the top make sure their income has no limits while praising the "free market" while at the same time they absolutely DO limit the income of those at the bottom while attributing that to, again, "the free market". There are more than a few people here who believe the "free market" is "great and powerful" but if they would simply look around they'd see there is someone behind the curtain controlling it in their own favor and it's simple math (the only kind I can do actually) that says there's only so much pie in THE pie, and even if you grow that pie those who already owned most of it will still own most of the part that's grown.

Those at the top who have made a fortune many times over pillaging the economy since the wonderful 1980s in the name of the "free market" while taking it from those under them and ruining individual lives, families, and pretty much the whole economy for the rest of us may be the heroes to some people but they WILL answer for it one day and that day is coming faster than they, and their paid religious "spokespeople" will admit.

I agree 100%. The system favors those who have the ability to invest in it. I hope that we can liberalize certain aspects of capitalism, but it's going to take a long time to change the culture of corporate America.

But even still... Even if it isn't equal, it's still benefitting everyone. I'm typing this message on an iPhone 6 that I bought while going to school. Steve Jobs didn't do that out of the goodness of his heart.
 
of course we would

the market would adapt to it

that comment is as silly as saying, "if you raise taxes, rich people will just leave"

as if someone else won't step into that spot and be like "that seems like a good amount of money to me" etc etc

Except that if there isn't much money to make, why would companies invest billions of dollars into it? Capping it, at the very least, slows down the process of finding cures for diseases, which is actually worse for the individuals that need it.
 
drug-prices-638x1325.png
 
Did you read? THey didn't develop. THey bought out the company who did develop it and jacked up the price.

And because of the crazy laws we have for prescription drugs in this country you can't do what you're describing.

What crazy laws are you talking about? Please cite the code for me.

There are many drugs that are used to treat high blood pressure. Many different drugs that treat diabetes. There is absolutely nothing stopping you from developing a drug that does the same thing. When are you going to be to old to whine zito?
 
No... You think it's silly. To me (and many others) it's not so.

Money flees to countries that treat it best. I work in international tax. Most of the clients we work with are setting up shop in Ireland due to low corporate tax rates. Just because you don't think that's not reality doesn't make that fact.

And sure other companies will come into the market until it's at equilibrium, but lower profits definitely means there will be less companies that will be interested in investing billions of dollars in medications for the good of society.

Iron pyrites stupidity is never ending. There is plenty of evidence that taxpayers, people iron pyrite calls rich, leave areas of higher taxation for areas more tax friendly. Why do you think CA has become a hugh **** hole. The CA tax base now lives in MT, ID, WY, AZ and TX. Why do you think NH has become less red in recent years. All the dumbasses who ruined MA have moved there. I know what I speak of. You wouldn't believe how many people I've built house for here in Coastal GA from places like VT, RI, ME, NH, NY, etc. They come here to retire and can't believe how much house they can buy compared to home state. So sometimes I ask them did you bring the same crap with you that ruined your first home. If you destroy this area where are you going to next?

Goldfly get an education and ****ing job!
 
Thanks for the meme. The high cost in 2014 was due to the Hep C drugs - as I mentioned before.

They're expensive because... you know, they CURE hepatitis C.

That was one year, How do you explain the costs going from 195 to 300M? Simple inflation would have it to mid 2s. How does that explain the sales and marketing expenses? How do you justify them taking in the massive profit margins they do? It's not just recouping R&D, it's about taking money from people for their well being. You don't think these same research scientists would care if they worked for private sector or public sector making the same amount? Imagine what would happen if we took the profits that are made from them and sent them back to the consumer. Imagine if we found cures instead of treatments. Imagine if instead of telling people to consume more, we taught them to consume smarter. There's just so many issues with our healthcare and you are OK with it.
 
That was one year, How do you explain the costs going from 195 to 300M? Simple inflation would have it to mid 2s. How does that explain the sales and marketing expenses? How do you justify them taking in the massive profit margins they do? It's not just recouping R&D, it's about taking money from people for their well being. You don't think these same research scientists would care if they worked for private sector or public sector making the same amount? Imagine what would happen if we took the profits that are made from them and sent them back to the consumer. Imagine if we found cures instead of treatments. Imagine if instead of telling people to consume more, we taught them to consume smarter. There's just so many issues with our healthcare and you are OK with it.

I don't know... I'd say the cost in the last few years has been pretty flat/stable. There was probably a medical breakthrough somewhere in the beginning of the graph that rose the costs. I don't know enough to comment

But your hatred for profits never disappoints. As I've said, go develop the drugs. Go do the clinical research. Go fail 100 times before it works. Go file for patents. Go get the FDA to approve. Then go undercut the competition on price.
 
I don't know... I'd say the cost in the last few years has been pretty flat/stable. There was probably a medical breakthrough somewhere in the beginning of the graph that rose the costs. I don't know enough to comment

But your hatred for profits never disappoints. As I've said, go develop the drugs. Go do the clinical research. Go fail 100 times before it works. Go file for patents. Go get the FDA to approve. Then go undercut the competition on price.

Again, we're talking about an industry where marketing budgets almost universally exceed R&D. You think that's cool, I get it. YOu believe the current system is fine, even if you pander to being against crony capitalism, you seem to care to do little to really stop it other than throw lip service to "ending corporate welfare"
 
Again, we're talking about an industry where marketing budgets almost universally exceed R&D. You think that's cool, I get it. YOu believe the current system is fine, even if you pander to being against crony capitalism, you seem to care to do little to really stop it other than throw lip service to "ending corporate welfare"

I support a company having the right to be rewarded for their innovation and investments. There is literally nothing stopping you from going to do the same - and to put them out of business.

But I find it annoying that you want other people to do the work to make products that benefit you, then you want to tell them that they're making too much profit it from them
 
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