22 ms·
Right direction, not far enough Steep fines are barely a speed bump to either a profitable business or a scammer. They take years to actually get implemented,
by toss1 4y ago
Right direction, not far enough
Steep fines are barely a speed bump to either a profitable business or a scammer. They take years to actually get implemented, don't survive bankruptcy and get reduced in court.
Jail time. Mandatory. Zero room for judges and juries to go easy on the perps.
Even this does not stop white-collar crime, but it maybe slows just a little bit of it.
- rapind 4y agoSteep fines for “each” occurrence. You can most definitely deter all but the dumbest companies from trafficking in toxic data. Are you going to buy shares in a company who’s entire worth is derived by it’s user data when it turns out that a significant but unknown amount of that user data is actually a very expensive liability? There’s always going to be someone searching for loopholes, like anything, so keep it unambiguous and straightforward.
- toss1 4y agoYup - also provide for bounty-hunting - anyone who finds a violation gets a share of the fines...