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> People have latched onto this idea that penalties should be relative to the size of the company. Well then, this is what you get. Penalties should be relative
by WarOnPrivacy 4y ago
> People have latched onto this idea that penalties should be relative to the size of the company. Well then, this is what you get. Penalties should be relative to the scale and severity of the crime.
It depends on whether your goal is deterring bad behavior or deploying revenge.
- bomewish 4y agoThe reason the punishment has to be so extreme is that if it’s not they will discount by probability of being caught (and getting enough quality evidence etc). So it can’t be a reasonable punishment that is just a bit more than the benefit. It needs to be an extreme deterrent so as to prevent them even doing the calculation.
- WarOnPrivacy 4y agoA fine so large that it sharply+persistently reduces dividend payouts and share value sends a strong signal about bad corporate behavior. It could be exampled after the sort of fines that govs like to inflict on the poor. It's also exactly the sort of fine that gov regulators compulsively seem to avoid.