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I'm wondering what the effect would be if the money from the fines is burned (destroyed). The company would still feel the same incentive. For the government o
by andruby 5y ago
I'm wondering what the effect would be if the money from the fines is burned (destroyed).
The company would still feel the same incentive. For the government on the other hand, it removes the incentive to fine for one's own gain. I like that it would remove this conflict of interest.
By removing the money, it's essentially very slightly reducing inflation.
- niyikiza 5y agoActually that can be quite an equitable way of distributing the fines (to all people holding the currency in question).
- caymanjim 5y agoWhile in theory this sounds nice, in practice it means everyone gets nothing. It's a rare case where I'd rather see the government get money. A comparable scenario is a class-action lawsuit; a company might lose a billion dollar class action lawsuit, but what that means is a third goes to lawyers, a third goes to administrative overhead, and the remaining third is distributed to the plaintiffs as a bunch of checks for 50 cents a piece (and then they're taxed on it!). I'd rather the government get one big check.
- samstave 5y agoHmmm... >>While in theory this sounds nice, in practice it means everyone gets nothing. im trying to find out where anyone got something?