On Tue, 8 Nov 2011 14:55:29 -0800, "azotic"
wrote:
Congressman King introduces legislation to place duties on Chinese
merchandise for violations of United States intellectual property rights
Washington, D.C.- Congressman Steve King (R-IA) released the following
statement after introducing legislation today that punishes the People's
Republic of China for its failure to protect the holders of United States
intellectual property rights. King's legislation, H.R. 3375, directs the
President to impose duties on merchandise from China in an amount equivalent
to the estimated annual loss of revenue to holders of United States
intellectual property rights as a result of violations of such intellectual
property rights in China. Under King's bill, the revenue raised by the
imposition of duties on Chinese merchandise will be proportionally
distributed to provide compensation to holders of United States intellectual
property rights.
"The creative genius of Americans, protected by our copyrights, trademarks
and patents, is systematically being pirated by the Chinese whose government
appears to be complicit," said King. "My bill levies a duty on all Chinese
imports in an amount necessary to both pay U.S. property rights holders for
their stolen intellectual property and to administer the program. In short,
it says to the Chinese: 'Go ahead and steal U.S. intellectual property-we
will do what you have refused to do and pay American innovators their due
from the duties on Chinese goods.'"
http://steveking.house.gov/
Is this realy a good idea at this time when so many americans are out of
work and depend on low cost imports just to survive? So what happens if this
becomes law, prices will rise on chinese imports and be passed along to
consumers
IP theft will not be stopped.
I'll give you odds that the money won't be paid to those who lost it
by the int'l theft, either. It'll go into the General Fund, later
used to fly more congresscritters to Vegas, where they snort their
coke from the belly buttons of legal HOs. sigh
--
A mind, like a home, is furnished by its owner, so if
one's life is cold and bare he can blame none but himself.
-- Louis L'Amour