Comment on The Ignorance of the Left on Price Control | Thomas Sowell
jimbolauski@lemm.ee 2 months agoProfit margins for pharmaceutical companies are typically between 10 and 20 percent in the US, 2020 & 2021 are exceptions as the covid shot boosted numbers considerably. Those are normal profit margins for industry.
MapleEngineer@lemmy.world 2 months ago
And…
jimbolauski@lemm.ee 2 months ago
Their profits are not grotesque
MapleEngineer@lemmy.world 2 months ago
20% of $1.2 trillion is $240 billion dollars. That is a grotesque amount of profit to make by holding people’s health hostage.
jimbolauski@lemm.ee 2 months ago
What would you consider a reasonable profit?