Canada produces drugs at the same cost we do, they just have price controls, we'd get the same buy implementing those ourselves and not create a massive trade deficit. However, price controls are a weird bug where intellectual property and future R&D makes up most of the cost. If I spend a billion dollars on something that costs $1 to make but expect to only sell 100,000,000 of them, I must charge $11 a pill to break even. If I have another available market, say a country willing to buy 10,000,000, but they have a price cap of $6, it is still logical for me to sell to them at $6, if everyone suddenly buys from there instead though, I will only make $550,000,000 in revenue, or a loss of $555,000,000 instead of the profit of 1.1 bil plus 60 mill minus 1.110 bil, or $50,000,000 I would otherwise have made. Different can of worms then when production is mostly price of labor and materials, and that itself is a monstrous issue where import/export is concerned.
The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift.
- Albert Einstein
King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
- Albert Einstein
King of Cairhien 20-7-2
Chancellor of the Landsraad, Archduke of Is'Mod
Several basics facts about US Debt and Spending.....
16/04/2011 04:41:55 AM
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Guess we should have okay'd those death panels for old people then. Big money saver. *NM*
16/04/2011 03:38:00 PM
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Balancing our budget would be easy.
16/04/2011 06:46:32 PM
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Several of those aren't as easy as you make it sound, but the import tax is a big no-no.
16/04/2011 07:34:30 PM
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Also on the buying drugs from Canada idea
16/04/2011 08:17:26 PM
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Funny you mentioned WWII and 1968. Can you put tax rates at these times as well?
16/04/2011 07:50:09 PM
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Not really. Even if you can substantially raise tax revenue, the entitlement problem remains. *NM*
16/04/2011 08:25:26 PM
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Re: Not really. Even if you can substantially raise tax revenue, the entitlement problem remains.
16/04/2011 09:19:40 PM
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Have you ever looked at those projections for a decade or two hence?
16/04/2011 10:13:12 PM
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Yes I have
16/04/2011 10:44:50 PM
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Erm, and you think total health care spending is not getting out of control? I'm a little confused.
16/04/2011 11:02:52 PM
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Exactly. Cutting back on fraud and waste doesn't really put much of a dent in those projections. *NM*
17/04/2011 02:31:13 AM
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Sorry, but that is a stupid opinion.....
16/04/2011 08:38:35 PM
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Sounds like another bull.
16/04/2011 09:31:05 PM
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Dude, the data is the data.....tax revenue increased all three times.
16/04/2011 09:47:37 PM
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As I suspected, it's a bull.
16/04/2011 10:02:05 PM
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Stop being a fool - read and react to the data provided, posting something.....
16/04/2011 10:14:11 PM
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Response is
16/04/2011 10:19:00 PM
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Good lord.....it's like talking to a brick. I really hope you are 12 or 13.
16/04/2011 10:28:44 PM
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Re: Good lord.....it's like talking to a brick. I really hope you are 12 or 13.
16/04/2011 10:47:24 PM
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I take it you mean "rate of revenue growth decreases".
16/04/2011 11:11:19 PM
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It's not remarkable that revenue increased after the Reagan cuts.
17/04/2011 07:21:47 PM
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I've just noticed that you've provided charts from Heritage Foundation! Are you f.. kidding me?
16/04/2011 10:13:46 PM
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All the data is via CBO - do you know that the CBO is?
16/04/2011 10:16:08 PM
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Re: All the data is via CBO - do you know that the CBO is?
16/04/2011 10:27:01 PM
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Nice try.....care to explain why the same exact thing happened.....
16/04/2011 10:35:44 PM
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Re: Nice try.....care to explain why the same exact thing happened.....
16/04/2011 10:49:33 PM
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Krugman is a shill for the Obama administration.
17/04/2011 02:34:50 AM
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Re: Krugman is a shill for the Obama administration.
17/04/2011 03:50:24 AM
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Some obesrvations by Republican economists
18/04/2011 12:27:04 AM
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You mean the Keynesian economist who wrote The Failure of Reaganomics
18/04/2011 04:00:52 PM
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Re: You mean the Keynesian economist who wrote The Failure of Reaganomics
18/04/2011 05:36:44 PM
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You use Krugman and then complain about the Heritage Foundation! Are you f.. kidding me? *NM*
18/04/2011 02:46:47 AM
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