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Fines do not work. Look at the banking sector: HSBC, JP etc. they get slapped with fines all the time but continue business as usual. Heavy taxation is a very
by readhn 9y ago
Fines do not work. Look at the banking sector: HSBC, JP etc. they get slapped with fines all the time but continue business as usual.
Heavy taxation is a very quick way to make these types of socially and environmentally polluting business to change or to go away all together.
- moate 9y agoSo we don't want to punish the well run farms that don't pollute. But you can't "tax" only the offenders, because that's just...a fine. It's a punitive financial incentive when you pollute, that's regulation and fines. You can make the fines extreme so that people won't ignore them, but they're still not taxes. I think we're just arguing semantics over what the difference between a fine and a tax are.
- Clubber 9y agoFines do work, but they have to hurt. If people only got fined $1.00 for speeding rather than the usual $300, there'd be a hell of a lot more speeders. With the banks and investment institutions, the fines are typically only a small percentage of what the net of the move was. ($1.00 vs $300). Of course fines, only work so much. People still used drugs during the 80s and 90s when punishment was over the top (and still is).
- HillaryBriss 9y agoit's also important to consider the probability of actually being fined. if the fine for using a freeway's high occupancy vehicle lane without any passengers in your car is over $350 but the police rarely ticket violators, you get Los Angeles.