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> Lowering the fines would not improve safety. If someone made that claim, it wasn't me. It is not clear to me what your argument is or whom you're arguing wit
by _jal 6y ago
> Lowering the fines would not improve safety.
If someone made that claim, it wasn't me. It is not clear to me what your argument is or whom you're arguing with.
Is the claim that financial fraud or KYC laws are designed with worker protection in mind? That's funny, but I expect you're just making a specific form of "laws support predictable outcomes..." as a hook.
- deleted 6y ago[deleted]
- perl4ever 6y agoFor the sake of argument, I think that in order to compare the dollar amounts and assume that's the "worth" of the infraction, then perhaps it is assuming how much deterrence there is per dollar. Is it plausible that abstract financial violations cost more to deter, because people don't have instinctive aversion to them? I don't see what the relative amount has to do with anything. The fines for worker safety should maybe be higher, but there's no particular relationship to financial regulations. If you think that "real people weren't hurt" by financial violations, then does that mean the penalty should be zero?