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I'm rather tired of making the argument that market cap != Cash, thank you. The easiest would be to compare this to giving fines based on net worth. If you ow
by jpc0 3y ago
I'm rather tired of making the argument that market cap != Cash, thank you.
The easiest would be to compare this to giving fines based on net worth.
If you own a home and car your net worth could be in the range of 100-200k dollars.
You happy to receive a fine of 10k dollars? That surely is nothing for you, I mean its 5-10% of your net worth.
I'd argue for a lot of people even a fine of 1k dollars would put them back quite a bit.