Wednesday, July 31, 2019

HERE'S A THOUGHT FROM DAY 2 OF THE DEMOCRAT DEBATE: During the initial healthcare segment I recall one of the candidates (don't recall which one) railed against the pharmaceutical industry's $72 billion profits. Now we all know that math is not a Democrat strong suit, but as Stephen Green pointed out, "Here's some math: $72 billion in profits isn't much in a $4 trillion industry."

For the innumerate, that's a 1.8% profit margin. Think of it this way: if you're the owner of a small business whose sole income is the profit from that business, $1M in annual business income will net you a mere $18,000.

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