>

Idk, it's a line the government has to do a better job straddling. Incentives and red tape cutting can be great, espically in times of crisis, but can also be pretty easily abused.
Pfizer and moderna already announced they will be rising the price of the COVID vaccine to over $130 per dose, 3x what it is currently, once the government shifts the cost from their end to the private insurance sector, which is looking to be May of this year as that is when it's been announced the US will official declare an end to the COVID emergency. Also don't forget, most of the money that went into researching the vaccine was funded by us the tax payers. Fuck these companies. >

I thought Pfizer didn't accept taxpayer money for research?
Moderna OTOH did. >

If there ever was a case for windfall profits tax. >

If there is ever a case for giving a company whatever they want it is making a miracle drug to help mitigate a global pandemic that killed millions of people and could have killed millions more if not for them. >

" its a miracle! Give them whatever they want! " let me know how many times that's worked out well historically. >

Every Sunday morning (and sometimes Wednesday night)! >

Religion and big pharma vibes >

And they are raising prices of the vaccine >

Sales are down this year, but they don't want their profit down >

Tax the fuckers. Simple. >

It's not simple sadly. You need a tax system that doesn't allow BS write offs. >

100 billion was their revenue. Their profit (revenue-expenses) was about 34 billion. >

How much of the expenses were covered by the governments or should i say tax payers around the world? >

Exactly. This paradigm of publicly funded research which is then patented and sold to us at 400% is disgusting. >

Trouble is how do you fund research without allowing the company to profit? Why would a company bother with an arrangement that doesn't allow them to profit? Or how do you judge the value of a life saved and therefore an acceptable profit? >

When the world is at the brink of collapse we think profits >

No, we think "throw as much money at them as we can, to get the vaccine as fast as we can."  Or at least I do.  Reddit is practically antivax about it "wait, no, I don't want the vaccine if someone profits from it." >

Disgusting that this is normalized. >

Yes, fuck them and their miracle vaccine! >

"The ongoing Covid-19 pandemic propelled pharmaceutical company Pfizer's earnings to a record $100 billion last year, almost $57 billion of which was driven by its vaccine and antiviral pill Paxlovid, the company reported Tuesday."
I wonder how much tax they paid on their profits? I wonder if they'll need a bailout next year if their revenue goes back to where it normally was? >

newest tax data i could find was 2021 but pfizer paid almost 2 billion dollars that year. only comes out to like 15% rate. >

That's far better than the zero I was expecting. >

Pfizer has been paying a lower effective tax percentage than anyone who makes more than $10,276 a year. There is no excuse for not taxing the ever loving shit out of them when this is what they are earning off of a vaccine we paid to develop.
More than that, in the wealthiest nation on the Earth there is no excuse for this to be a private enterprise hoarding needed medical supplies for profit. Pfizer's medication is necessary to sustain so many lives it is unconscionable that they are allowed to choose their own pricing at all. Socialize them (and the rest of healthcare) already. >


More than that, in the wealthiest nation on the Earth there is no excuse for this to be a private enterprise....Socialize them...

Nowhere in the developed world is that a thing. Drug companies are businesses.  There is no good reason for it to be a nationalized industry. 

a vaccine we paid to develop.

Partly paid to develop.  There wouldnt have been any vaccine to fund if Pfizer didnt take the risk first.  That's what for-profit businesses do.

hoarding needed medical supplies for profit.

Wat.  They were selling drugs/vaccines.  What did they hoard? >

Record profits you say… interesting. >

No... revenue. It's all in the title and the article as well. They expect it to lower drastically soon. >

You seem fun >

Wasn't it nice of us to pay for everything so they could do so well. Corporate welfare queens. >

I mean, I wasn't doing it to be nice. I wanted a damn vaccine.  And they gave me one.  I think it was a good deal. >

Honest question but what do yourll think about the conspiracy theory that they are making the vaccine less effective in order to get more people to buy booster shots?  I mean theres already that interview 'exposing' them of mutating the virus in order to combat future strains so what's stopping them from releasing a strain in order to just manufacture a market for themselves? At what point does a pharmaceutical company become more harmful than helpful? >

If it was true, it isn't working.  But no, it's nonsense obviously. >

Corporate greed and opportunistic policies >

God bless Pfizer, they are a national treasure. Please make sure you continue to support them by getting covid booster shots every 2 or 3 months. >

You can be pro vaccine and anti corporate welfare >

Not really, no, in this case.  You couldn't have gotten the vaccine so fast without it.