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Prolongation of patents (facilitated by congress) is well known to prevent the competition from generic drugs and therefore sell at very high prices.
Did you even read to what I was responding? Here it is:
Quote:
Originally Posted by crouching_tiger
How about the stop prohibiting generics from being allowed into the market?
Nowhere in there did he suggest reducing the length of a patent, he only spoke about stopping the prohibition on generics. The only way you are legally allowed to halt competition is through patents.
If you have to make back your investment for the R&D and trials in the mere time it takes another company to setup production and distribution, you'd have to charge an enormous amount.
If you feel pharmaceutical companies should be charities, why don't you get all of your family and friends to cash in their 401k's and start your own non-profit pharmaceutical company? Don't tell me you actually want to retain and grow your 401k.
Quote:
Originally Posted by Julian658
Why does the struggling little republican guys defend big corporate America?
I defend business, because business is the economic engine that provides jobs, increased standard of living, tax revenue, innovation, etc. etc.
Why do you vote for Democrat candidates that invest, work for and take profits from big corporate America?
Are you going to tell us how you feel about Michelle Obama working at the firm Sidley Austin doing intellectual property, patent law, for big business?
Just get rid of global income tax and you won't see so many inversions.
And you just might see foreign profits brought back to the US to be invested here.
"Bolling said the United States has "the highest corporate tax rate in the free world." He was referring to the statutory rate, meaning the rate before deductions. On that score, he’s right: The United States does have the highest statutory rate among developed countries. However, the United States’ corporate tax rate doesn’t appear to be the highest once deductions and other exclusions are taken into account. So Bolling is correct by one valid definition. Because his statement is accurate but needs clarification or additional information, we rate his claim Mostly True."
Just get rid of global income tax and you won't see so many inversions.
And you just might see foreign profits brought back to the US to be invested here.
That is cutting taxes, and we know how the left feels about taxes, there can never be enough if you are successful.
Companies aren't like the government and can continue to spend regardless of debt or income.
Additionally, the greater the risk and/or the smaller the ROI, the less likely companies will invest that money. Undercapitalization is a common reason many businesses fail.
Just get rid of global income tax and you won't see so many inversions.
And you just might see foreign profits brought back to the US to be invested here.
Agree 100%
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