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re: The Man With 17,700 Bottles of Hand Sanitizer Just Donated Them

Posted on 3/16/20 at 1:10 am to
Posted by Lou Pai
Member since Dec 2014
28149 posts
Posted on 3/16/20 at 1:10 am to
quote:

Just how big do you think the pharmaceutical industry is? And we aren't even talking about elimination, rather pricing regulation. No one's 401k would tank as a result.


I’m not sure about the other guy, but I’m definitely not arguing anyone’s retirement account tanks. But tanking an industry is definitely a cost to society though borne by everyone (teachers, firefighters, doctors, lawyers, auto workers, etc. etc.)
This post was edited on 3/16/20 at 1:10 am
Posted by Korkstand
Member since Nov 2003
28712 posts
Posted on 3/16/20 at 1:44 am to
quote:

But tanking an industry is definitely a cost to society though borne by everyone (teachers, firefighters, doctors, lawyers, auto workers, etc. etc.)
No doubt. My point was more that regulating drug prices would not tank big pharma, but even if it did, it wouldn't tank everyone's retirement.

Basically we should worry less about price gouging hand sanitizer and more about the ways we get gouged every day.
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