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[Dr. Zaus]

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

The scientists can make their money and the CEO can make his money, It is only the share holder who goes without getting income as he is removed from the equation.

Funds would have to be raised through the production of existing drugs and donations made on the part of those who benefit from the discoveries.

I don't know why there are not more not-for-profit entities. I go to a not-for-profit bank (credit union) and use not-for-profit power (electric co-op).

Removing the need for systematic retained earnings would greatly out weight the lack of ability to sell stock, which other than having a mandate of "screw the consumer" is the only difference between an NPO and a corp.

 

[nobodyknows]

Originally posted by: AreaCode707

Originally posted by: nobodyknows

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

Well, if you want to take things to the extreme then the flip side is that someone invents a pill that will double your life span but they will charge so much for it that most people won't be able to afford it.

If that's the case who gives a damn about their profit, R&D, etc.

The idea is that they make a "fair" profit but we trust the greedy bastards to determine what is fair? I would trust the government before I trusted the business making the profit.

They need regulated just like other utilities need regulated.

What gives us (government, people, whoever) the right to determine what is "fair" profit for efforts we had nothing to do with and a product that we don't produce? If we deem it crucial to be available to the public then our job is to find a way to procure it, not to legislate it away from the originators.

Tell me, do you think the people who live closest to the power plant should get their electricity much cheaper since they should only have to pay for the portion of the infrastructure that they are actually using and the people who live the farthest away from the power plant should have the highest electricity rates since they have to bear the burden of hundreds of miles of power lines built to bring them their power?

That seems pretty silly doesn't it.

 

[Hayabusa Rider]

Originally posted by: DixyCrat

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

The scientists can make their money and the CEO can make his money, It is only the share holder who goes without getting income as he is removed from the equation.

Funds would have to be raised through the production of existing drugs and donations made on the part of those who benefit from the discoveries.

I don't know why there are not more not-for-profit entities. I go to a not-for-profit bank (credit union) and use not-for-profit power (electric co-op).

Removing the need for systematic retained earnings would greatly out weight the lack of ability to sell stock, which other than having a mandate of "screw the consumer" is the only difference between an NPO and a corp.

Well, the shareholders then get their money back. Figure that's the majority of the company. The drug company then has to sell off assets to do that, and since there's not much left they close.

Perfect solution.

 

[Nebor]

Originally posted by: nobodyknows

Originally posted by: AreaCode707

Originally posted by: nobodyknows

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

Well, if you want to take things to the extreme then the flip side is that someone invents a pill that will double your life span but they will charge so much for it that most people won't be able to afford it.

If that's the case who gives a damn about their profit, R&D, etc.

The idea is that they make a "fair" profit but we trust the greedy bastards to determine what is fair? I would trust the government before I trusted the business making the profit.

They need regulated just like other utilities need regulated.

What gives us (government, people, whoever) the right to determine what is "fair" profit for efforts we had nothing to do with and a product that we don't produce? If we deem it crucial to be available to the public then our job is to find a way to procure it, not to legislate it away from the originators.

Tell me, do you think the people who live closest to the power plant should get their electricity much cheaper since they should only have to pay for the portion of the infrastructure that they are actually using and the people who live the farthest away from the power plant should have the highest electricity rates since they have to bear the burden of hundreds of miles of power lines built to bring them their power?

That seems pretty silly doesn't it.

No, that seems entirely reasonable. Just as they pay more for milk, eggs, gasoline, etc. by being located so far away from production centers. Not everything is fair and equal in the world, and trying to make it so is always going to be unfair to someone.

 

[Nebor]

Originally posted by: TruePaige

Originally posted by: AreaCode707

Originally posted by: nobodyknows

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

Well, if you want to take things to the extreme then the flip side is that someone invents a pill that will double your life span but they will charge so much for it that most people won't be able to afford it.

If that's the case who gives a damn about their profit, R&D, etc.

The idea is that they make a "fair" profit but we trust the greedy bastards to determine what is fair? I would trust the government before I trusted the business making the profit.

They need regulated just like other utilities need regulated.

What gives us (government, people, whoever) the right to determine what is "fair" profit for efforts we had nothing to do with and a product that we don't produce? If we deem it crucial to be available to the public then our job is to find a way to procure it, not to legislate it away from the originators.

If you take the feeling of respect and the "give-take" nature of society out of the picture it would be anarchy, and we'd just club them for it.

They are afforded the ability to run a company without fear of copycat drugs, intellectual property theft, and laws that protect their business.

In return they have to submit to laws that protect the consumer, and goodwill towards consumers.

We are a nation of much privilege, but a country has to be civilized to survive, and corporations run by citizens killing citizens is not civilized.

Well you live in a society where you live without fear of having your free speech suppressed, being kidnapped for ransom and having laws that protect your person. I think that gives the government the right to decide how much you should get paid for your labor. I mean you are a part of society, aren't you?

 

[nobodyknows]

Originally posted by: Nebor

Originally posted by: nobodyknows

Originally posted by: AreaCode707

Originally posted by: nobodyknows

Originally posted by: Hayabusa Rider
If people make no profit, how do they do anything at all? If a drug company makes no profit, there is no money to invest in new medications. It doesn't exist. If there is no profit in housing, how does one buy the equipment to make them?

You are saying "Make things, but you cannot have the money to make them"

Well, if you want to take things to the extreme then the flip side is that someone invents a pill that will double your life span but they will charge so much for it that most people won't be able to afford it.

If that's the case who gives a damn about their profit, R&D, etc.

The idea is that they make a "fair" profit but we trust the greedy bastards to determine what is fair? I would trust the government before I trusted the business making the profit.

They need regulated just like other utilities need regulated.

What gives us (government, people, whoever) the right to determine what is "fair" profit for efforts we had nothing to do with and a product that we don't produce? If we deem it crucial to be available to the public then our job is to find a way to procure it, not to legislate it away from the originators.

Tell me, do you think the people who live closest to the power plant should get their electricity much cheaper since they should only have to pay for the portion of the infrastructure that they are actually using and the people who live the farthest away from the power plant should have the highest electricity rates since they have to bear the burden of hundreds of miles of power lines built to bring them their power?

That seems pretty silly doesn't it.

No, that seems entirely reasonable. Just as they pay more for milk, eggs, gasoline, etc. by being located so far away from production centers. Not everything is fair and equal in the world, and trying to make it so is always going to be unfair to someone.

When everyone can afford milk, eggs and gasoline obviously nobody is making more then a "fair" profit, but when people working full time jobs can't get/afford basic health insurance then something is wrong someplace.

Anybody who can't see that is an unfeeling psycho asshole and can go DIAF for all I care.

 

[uclaLabrat]

Originally posted by: Slick5150

Originally posted by: Common Courtesy

Originally posted by: DixyCrat
There is no place in our world for drug companies that engage in their endeavors for a profit.

Without profit; where does the research and testing for the new drugs come from

From the universities where most drugs are developed before Pfizer buys them from them and then sells them for $300 a bottle?

How many universities do you know of that have drugs in clinical trials? I think I've heard of one, and I'm in the field. Universities can't afford clinical testing.

 

[uclaLabrat]

Pharmaceutical math: A company has to make and test about 30,000 compounds before ONE makes it to market. One. The cost and time of development for a compound once it is discovered as a potential drug is 10-15 years, and costs $1-2 billion to get it to market. So, the drug sales have to not only pay off R&D for the compound on the market, but all the ones that didn't make it as well. Oh yeah, patents are 23 years. So, you only have 23-(10 to 15) years to make any money off your discovery. And that's why drugs are expensive.