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Confiscating profits wouldn't work, many companies are reinvesting their profits. Probably the best way would be to just make the fines hurt more, by using a fi
by alien_ 5y ago
Confiscating profits wouldn't work, many companies are reinvesting their profits. Probably the best way would be to just make the fines hurt more, by using a fixed and non-negligible percentage of the monthly/yearly revenue, much like Finland does for traffic fines.
- reacharavindh 5y agoI can’t believe we as a society don’t adopt this idea more. Punishment should be a percentage of taxable income of that year. The impact should equally felt regardless of your current financial status. Extending this to a corporation would simply put them in back foot in a market.. which is indeed the punishment.
- HWR_14 5y agoIn the US, income based fines have questionable constitutional allowability. I fall on the "the seem constitutional" side, but some people apparently think it violates the 8th amendment.
- humaniania 5y agoPercentage of revenue seems like the least likely to be gamed metric.
- redler 5y agoThis is also a problem since some businesses have very high nominal revenues and very low margins.
- refurb 5y agoTwo companies with $100M in revenue, one with 2% margin and one with 50% margin. You’d fine then the same amount?
- dingaling 5y ago> You’d fine then the same amount? Progressive fines on people are based on their income, not how much they have left in the bank at the end of the month.
- refurb 5y agoSure, but expenses don’t vary a much for people versus companies. You don’t meet many people who make $1M in a year who have unavoidable expenses of $900k.
- refurb 5y agoEven CNN disagrees with your take. https://edition.cnn.com/factsfirst/politics/factcheck_e58c20c6-8735-4022-a1f5-1580bc732c45 https://edition.cnn.com/factsfirst/politics/factcheck_e58c20... Fauci was wrong. Simple as that. Better to just own up to it.