BLah, blah blah. We spend $4 trillion a year at the federal government level. It makes 0 sense that 99% is paid by US citizens and 1% is paid by foreign citizens with ~12% of our GDP is imports.
I could not disagree more! I’ll let Ayn Rand answer this one for me.
Do you understand the difference between IP and patents? They aren't the same thing. Do you think patents should be forever? If not, you do agree, you are simply arguing for longer time lengths. IP is the name Disney or Tylenol. Patent is the Tylenol pill formula vs the Walmart branded version. The supermarket company I used to work for was the very first one to sell premade gourmet hamburger patties with a variety of "stuffed" items in the burger (eg: bacon, mushrooms, cheeses, etc). Does that give that supermarket company the right to forever be the only company to sell "stuffed" burgers?
No. The link I provided had the answer for that. To get a drug past the FDA now costs 2.5 billion dollars. How is a company going to recover that cost if someone else can sell the same chemical under a different name? This gigantic hurtle is getting people killed. Maladies with small markets have to be ignored. If ever there was a need for deregulation this is it. It should be noted the giant companies like it this way: it makes new competitors all but impossible.