5 ms·
The "fine" is 9 billion dollars.
by NicoleJO 4y ago
The "fine" is 9 billion dollars.
- jwestbury 4y agoAgainst a company which makes 6-7x that in yearly profits, that's still not an effective deterrent.
- tenebrisalietum 4y ago1/6th or 1/7th of profits is significant. 9 million dollars could be ignored by a company making 54,000 or 63,000 million dollars, but 9,000 million is a lot.
- drstewart 4y agoExactly. That's why you're arguing for fines against people to be significantly more than 1/6th of their net pay, since harsher punishments are effective deterrents? Parking tickets should start at 50% of your yearly take home income. Didn't feed the meter an extra quarter? $10k minimum sounds fair.
- yladiz 4y agoCompanies aren’t people (even if they are legally defined as such) so you can’t treat the way you fine them equally.
- pessimizer 4y ago> fines against people to be significantly more than 1/6th of their net pay Pay is not profits, it's revenue.
- drstewart 4y agoLook up the word net
- counttheforks 4y agoLook up the word gross