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It is rarely mentioned that the 400billion in IP theft is paid for by consumers
Posted on 5/13/19 at 1:02 pm
Posted on 5/13/19 at 1:02 pm
We hear the mantra "tariffs are taxes to US consumers" over and over, yet no one mentions where the cost of IP theft goes. Do we think these "money grabbing, tax avoiding corporate monsters" just benevolently lower their profit margins and eat the cost?
Of course not, why do you think US consumers pay 100 bucks more for Nikes and Frozen school book bags than other countries do. Who pays for our astronomical budget on military R&D to continually compete against our tech that was stolen.
Yet no one mentions that.
Of course not, why do you think US consumers pay 100 bucks more for Nikes and Frozen school book bags than other countries do. Who pays for our astronomical budget on military R&D to continually compete against our tech that was stolen.
Yet no one mentions that.
9
Posted on 5/13/19 at 1:06 pm to trinidadtiger
quote:Because people will buy them and have enough purchasing power to buy them at that price? And some people will wait in line for hours to get the new Jordan’s. But do other countries really only pay $20-$30 bucks for some of the new Nikes? Regardless I’m guessing price elasticity is something important here.
Of course not, why do you think US consumers pay 100 bucks more for Nikes and Frozen school book bags than other countries do.
This post was edited on 5/13/19 at 1:08 pm
Posted on 5/13/19 at 1:07 pm to trinidadtiger
quote:
Do we think these "money grabbing, tax avoiding corporate monsters" just benevolently lower their profit margins and eat the cost?
You a prog?
Posted on 5/13/19 at 1:12 pm to buckeye_vol
quote:
Because people will buy them and have enough purchasing power to buy them at that price? And some people will wait in line for hours to get the new Jordan’s. But do other countries really only pay $20-$30 bucks for some of the new Nikes? Regardless I’m guessing price elasticity is something important here.
I see you skipped mkting and economics, you miss finance as well? The point is they dont buy any Nikes they buy chini knockoffs.
Posted on 5/13/19 at 1:13 pm to RogerTheShrubber
quote:
You a prog?
Thems fightin words....how big ole boy are ya?
Posted on 5/13/19 at 1:13 pm to trinidadtiger
Trump should mention it
Posted on 5/13/19 at 1:14 pm to buckeye_vol
quote:
nd some people will wait in line for hours to get the new Jordan’s.
People also stand in line for hours and over night just to watch the President speak!
Posted on 5/13/19 at 1:15 pm to RogerTheShrubber
That's not his point. He is saying that Tariffs and IP theft are on equal ground.
Posted on 5/13/19 at 1:17 pm to trinidadtiger
quote:
I see you skipped mkting and economics, you miss finance as well? The point is they dont buy any Nikes they buy chini knockoffs.
But you are missing the point. By allowing the Chinese to sell the knockoffs it takes away a market for Nike. This results in increased prices for people who are actually buying Nikes.
Posted on 5/13/19 at 1:21 pm to trinidadtiger
I feel like the OP used a sawed off shotgun to attempt to make a point that required a sniper rifle.
Posted on 5/13/19 at 1:23 pm to Sweet Pickles
quote:Well then wouldn’t that theoretically decrease the demand for the Nike’s, since people are buying the knock-offs, and with a lower demand, put downward on the price?
But you are missing the point. By allowing the Chinese to sell the knockoffs it takes away a market for Nike. This results in increased prices for people who are actually buying Nikes.
Posted on 5/13/19 at 1:23 pm to trinidadtiger
quote:
you miss finance as well? The point is they dont buy any Nikes they buy chini knockoffs.
I'm no Nike fan, but they did $3.4B in footwear sales in China in 2018.
Just sayin.....
I'm not saying IP theft isn't a thing.............but just trying to keep some clarity here
Posted on 5/13/19 at 1:24 pm to Sweet Pickles
quote:
But you are missing the point. By allowing the Chinese to sell the knockoffs it takes away a market for Nike. This results in increased prices for people who are actually buying Nikes.
Um...........WUT?
Guys. This thread is going to drive me batty because there's nothing worse than people arguing the general position I have and doing so with HORRIBLE arguments!
Posted on 5/13/19 at 1:26 pm to Sweet Pickles
quote:
But you are missing the point. By allowing the Chinese to sell the knockoffs it takes away a market for Nike. This results in increased prices for people who are actually buying Nikes.
Yes. If a market completely disregards cheaper alternatives, then competition somehow increases prices.
Posted on 5/13/19 at 1:39 pm to Sweet Pickles
quote:
But you are missing the point. By allowing the Chinese to sell the knockoffs it takes away a market for Nike. This results in increased prices for people who are actually buying Nikes.
Are you a divorce lawyer? You see son, by your wife screwing everyone in the neighborhood but you, she arbitrarily lowered the frequency of sex for you and thereby increased the value on a per use basis...ya dig.
Posted on 5/13/19 at 1:43 pm to ShortyRob
quote:
I'm no Nike fan, but they did $3.4B in footwear sales in China in 2018.
Just sayin.....
I'm not saying IP theft isn't a thing.............but just trying to keep some clarity here
I know Nike sales in US are more than double that of chini, and there are a lot more chinese than Americans, and them little tiny chini feet mean cost of goods are a lot cheaper. Just kidding we are getting way off the rails.
Posted on 5/13/19 at 1:45 pm to Hester Carries
At least we agree, IP theft of 400 billion is costing the US and is passed to the consumers, and no one talks about it.
Posted on 5/13/19 at 1:55 pm to trinidadtiger
quote:
At least we agree, IP theft of 400 billion is costing the US and is passed to the consumers, and no one talks about it.
Im not sure i do agree.
Posted on 5/13/19 at 1:57 pm to trinidadtiger
quote:I’m still trying to figure out how your example supports your argument. In 2007 the per capita income was $51,485 in the US while it was $6,568 in China. That means the US’s income is about 7.8 times China’s. So shouldn’t prices be much more here than in China or wherever else they’re much cheaper and income is much less?
At least we agree, IP theft of 400 billion is costing the US and is passed to the consumers, and no one talks about it.
Adjusted net income per capita by nation
This post was edited on 5/13/19 at 2:00 pm
Posted on 5/13/19 at 2:05 pm to trinidadtiger
The worst part of IP theft is that it costs jobs for your workers.
They sell their products cheaper which in the short term benefits the consumer but in the mid-term to long term it ends up costing workers jobs.
They sell their products cheaper which in the short term benefits the consumer but in the mid-term to long term it ends up costing workers jobs.
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