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Message
1
Posted on 8/22/16 at 1:50 pm to OweO
quote:
but if a company has a patent on a specific medication, until it expires isn't kind of hard for them to have competitors?
Also, I know pharmaceuticals are in the top 3 when it comes to most money spent on lobbyist.. Thats just more of a FYI.
If you're trying to say government policy, you're correct.
Posted on 8/22/16 at 1:52 pm to GoCrazyAuburn
quote:
I mean, I don't know how much more I can criticize a business practice after accusing it of cronyism and using government to enable a monopolistic system that puts us the predicament we have. The issue is that you only see one option to solve the issue, more government, banking on the slim chance that this time, they won't be susceptible to cronyism again. Where as "my side" sees that if you open up competition, you can actual punish businesses for these types of practices.
I'm for competition and open markets. I love the small businesses. I patronize small businesses all the time, and try to avoid big business. I want to help the little business.
These giant firms use government to quash competition because they control Congress.
The only person right now who would be fair and honest is President Obama. I think Gary Johnson would also be honest. Everyone else in politics right now seems to be very sketchy.
Posted on 8/22/16 at 1:53 pm to yoga girl
quote:
No. I am satisfied with my income. I don't need to pillage other people.
You just want to pillage those who develop products, as you expect them to be sold at cost.
Posted on 8/22/16 at 1:54 pm to yoga girl
quote:
The only person right now who would be fair and honest is President Obama.
Posted on 8/22/16 at 1:54 pm to TheOcean
quote:
I wanted to hear your thoughts on him raising the cost of the HIV drug
He's the poster child for price gouging but he probably is the supreme role model for most Wall Street types now.
This is why I don't invest in scumbag companies.
Posted on 8/22/16 at 1:55 pm to yoga girl
quote:
These giant firms use government to quash competition because they control Congress.
You're starting to get it. Government is the problem.
quote:
The only person right now who would be fair and honest is President Obama.
quote:
I think Gary Johnson would also be honest. Everyone else in politics right now seems to be very sketchy.
Of Johnson ever got elected, he would become as "sketchy" as the rest of them, and I'm voting for him.
Posted on 8/22/16 at 1:55 pm to yoga girl
quote:
The only person right now who would be fair and honest is President Obama
What gives you that indication, all the grants he's given his friends in the energy game?
The issue is, no matter how trustworthy you think someone is, they will be replaced. Eventually they will be replaced by someone less trustworthy. Therefore, why would you entrust such power when it is inevitable that it will be abused, when there is an alternative that can accomplish the same goal without the threat of abuse?
quote:
These giant firms use government to quash competition because they control Congress.
You think it's just congress?
This post was edited on 8/22/16 at 2:01 pm
Posted on 8/22/16 at 1:55 pm to tLSU
quote:
You just want to pillage those who develop products, as you expect them to be sold at cost.
I wouldn't call selling epipens for $700 "selling at cost."
Posted on 8/22/16 at 1:58 pm to yoga girl
quote:
This is why I don't invest in scumbag companies.
Companies exist to make a profit. If you don't make a profit, you don't make the shareholders happy.
You seem to think the issue here is one company jacking up prices while totally ignoring the idea that the system is set up just for that to happen. The system needs to be changed rather than prices capped.
Posted on 8/22/16 at 2:00 pm to yoga girl
quote:
The only person right now who would be fair and honest is President Obama
Oh Lordy.
You do know President Obama cannot swipe his pen to create an executive order which governs a private entity right?
What you suggest amounts to despotism.
Posted on 8/22/16 at 2:02 pm to OweO
quote:
A drug that once sold for $100 now selling for $700 doesn't sound unreasonable? Unless the cost of production went up or supply is low, there is no reason for that to cost $700..
Why can't it cost $700? I'm genuinely curious.
Posted on 8/22/16 at 2:06 pm to yoga girl
quote:
He's the poster child for price gouging but he probably is the supreme role model for most Wall Street types now. This is why I don't invest in scumbag companies.
Unfortunately you don't understand how R&D and billing insurance companies works in pharmaceuticals. Looks like you're the poster child of ignorance.
Posted on 8/22/16 at 2:07 pm to yoga girl
quote:
The only person right now who would be fair and honest is President Obama.
My god. This thread has gone full retard.
Posted on 8/22/16 at 2:07 pm to RogerTheShrubber
quote:
Companies exist to make a profit. If you don't make a profit, you don't make the shareholders happy.
And to make future profits they need R&D. How do you think these companies pay for that?
Posted on 8/22/16 at 2:08 pm to slackster
quote:they mistakenly sold it for $100 for years. Now it's up to what it should have been all along.
Why can't it cost $700? I'm genuinely curious.
Who's to say this is false?
Posted on 8/22/16 at 2:12 pm to lsu13lsu
quote:
I have paid more than $700 for many of my kids activities.
What the hell are your kids doing over the summer?
Posted on 8/22/16 at 2:12 pm to meauxjeaux2
quote:
they mistakenly sold it for $100 for years. Now it's up to what it should have been all along. Who's to say this is false?
They can sell it for whatever they want. That incentive has driven this country for 240 years.
Posted on 8/22/16 at 2:19 pm to GoCrazyAuburn
quote:
The issue is, no matter how trustworthy you think someone is, they will be replaced. Eventually they will be replaced by someone less trustworthy. Therefore, why would you entrust such power when it is inevitable that it will be abused, when there is an alternative that can accomplish the same goal without the threat of abuse?
Why do we keep electing so many dirtbags? We can't do better than this?
I'm sick of seeing people without money go into office and come out rich.
Posted on 8/22/16 at 2:23 pm to RogerTheShrubber
quote:
Companies exist to make a profit. If you don't make a profit, you don't make the shareholders happy.
You seem to think the issue here is one company jacking up prices while totally ignoring the idea that the system is set up just for that to happen. The system needs to be changed rather than prices capped.
I understand. I own stock. I have nothing against the stock market, except for I have trouble with the abuses (e.g. cutting labor to squeeze out more profit). I have concerns about the market at times, for example, I have BH stock but Buffett is buying a lot of Apple stock and Apple is a gouging company in my opinion.
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