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Back to episode — Episode 2407 CWSA 03/08/24

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eventually succeed at almost every time. You know because they're not such big challenges that you can't do it. So by the time I got my big break to become a cartoonist I thought it would work. By the time I wrote my first book, my first book that wasn't just comics, I said this will be a bestselling book, number one bestseller book. I hadn't even taken a writing class except one two-day class in…

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a cook and an IT director. Huh.

Oh yeah, so there's a COVID vaccine liability bill that's being floated. I don't think it'll pass but the idea would be that the company that gives you the meds would be responsible if something happens. See here's the problem. The problem is the vaccine companies are going to say we won't make any vaccines because the liability is too big. So it seems like an obvious and good idea. And RFK Jr. says the same thing. But look what you wouldn't have. Would you agree that there are some vaccinations that work? Do you believe that? I'm not talking about COVID but do you believe there's any vaccination that works? You don't think it prevents the M.S. Yeah.

So here's the thing. None of those would exist if the companies had to take full liability. Because if you've got something that could make 10 million people die you don't go into that business at all if you're already making money. Yeah. So the argument for not having that liability is actually pretty good. Maybe they should have some kind of cap or something. There should be a cap on the liability because unlimited liability means you're out of business and nobody would do that drug. Yeah if you already had, let's say you're a big drug company, you're Pfizer and you have a dozen blowout money making drugs so you're making money on the drugs you have. And then the government says oh we really need this new drug but you're going to be liable. And then they say how many people are going to take it? Well everybody. So 100 million people will take it at least. You go all right 100 million people. If 5 million of them have a bad reaction I'm out of business. I'm completely out of business. So it would be irrational for Pfizer ever to make another vaccine for anything even if it was a good idea.

Any arguments for not putting a cap on liability on any product? Yeah if there's a company that makes one product and it kills people you don't need a cap. You can take 100% of their money and clos

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e them down. It's just that if you're already profitable with other lines of business they're all at risk with the new venture and that's not normally the case. So it would be a bad business decision to do a new vaccine if you had all liability. True with all products? Not really. Not now. Now do you think that the iPhone has the same risk as a vaccine or an iPad? Does my microphone have the same…

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