Intellectual Property Protection is a Fundamental Free Market Tenet - Not a Tax
None of Which is a Tax
It is sad that so many remain steadfastly impervious to facts. But they do, so we will address this latest bit of inanity - so that the many who remain receptive to Reality may be properly informed.
We speak now of Truthout’s Dean Baker extrusion Think Trump's 45 Percent Tariffs Are Bad? Try Obama's 10,000 Percent Tariff.. Which mangles much of the English language - in service of much muddled thinking. Baker begins:
“But what is even more striking is the selective concern over tariffs. While Trump wants to put large tariffs on imports from some of our major trading partners, President Obama is actively pushing to have far larger tariffs imposed on a wide range of goods in his trade deals, most importantly the Trans-Pacific Partnership (TPP). Measures in the TPP pushed by US negotiators will raise the price of many items by several thousand percent above the free market price.”
Intellectual property protection is government protecting productive people - and their productions. A tax is unproductive government taking money from productive people to do unproductive things. See the difference?
Because you don’t just magically, instantaneously arrive at an effective medication. You have lots of very smart, very expensive people doing lots and lots of development - and conducting lots and lots of very expensive tests. Much of which results in absolutely nothing - except failed attempts and ineffective products.
Finally, the magic concoction of effort, trial, error and perseverance - marinated by LOTS of money - eventually delivers a successful concoction. A success - on which the producers must recoup the billions they spent failing.
Lost on Baker is the Genesis of all of this effort and expenditure - the intellectual property protection that makes it all possible. If at the end these people can’t protect what they’ve produced - they will never begin.
Why go to all the time, trouble and inordinate expense - if you don’t get to keep what you create?
Mr. Baker goes on, and ON (and ON…) - but you by now get the idea that he has no idea of what he is speaking.
Taxes…are taxes. And are impediments to markets optimally functioning.
Intellectual property protection (patents, copyrights, trademarks)…is NOT taxes. And is crucial to markets even existing - let alone optimally functioning.
I’m sure you see the difference. Here’s hoping Mr. Baker now does.
Seton Motley is the President of Less Government and he contributes to ARRA News Service. Please feel free to follow him him on Twitter / Facebook.
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