4 ms·
Actually there is a lot of real world evidence that fines dissuade honesty.
by freddie_mercury 9y ago
Actually there is a lot of real world evidence that fines dissuade honesty.
- rbanffy 9y agoWere the decision makers involved adequately punished? Will they ever do something like it again? Fines dissuade from making exactly the same thing but that doesn't seem to prevent different kinds of scam.
- keganunderwood 9y agoZTE apparently paid bonuses to 30+ people even though that were involved in some kind of violation. I bet Wells Fargo well also pay the CEO and the board very handsomely.
- andrepd 9y agoAs it was in 2009 where me and you and every John Q Taxpayer contributed to the yacht and private jet fund for the Wall Street execs that stole pension money from millions of Americans, tripled unemployment, caused hundreds of thousands of excess deaths in the subsequent economic downturn... Nothing pitchforks, molotovs, and sturdy rope wouldn't solve, but I guess we're just too comfortable to do anything but passively let them f*ck us in the butt.
- freddie_mercury 9y ago"dissuade" does not mean "completely prevent forever in all circumstances" Dissuade means something more like "reduce the chances of it happening". If the OP had written "fines do not completely prevent forever the chances of a bad thing happening" everyone would have realised that was a nonsensical bar because even putting in jail doesn't do that.
- chiefalchemist 9y agoThe Wells Fargo fine indicates there are gaps in that evidence ;)
- freddie_mercury 9y ago"dissuade" does not mean "completely prevent forever in all circumstances" Dissuade means something more like "reduce the chances of it happening".
- BeetleB 9y agoI think most people did not read your comment :-)