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The fines should be measured in units of time, not % of revenue, or some fixed dollar number. All other measures can be gamed, except time. For example, Meta wo
by iamleppert 3y ago
The fines should be measured in units of time, not % of revenue, or some fixed dollar number. All other measures can be gamed, except time. For example, Meta would think twice about violating privacy if they were suspended from doing business for a month, or their fine amounted to a month of revenue with definite start and end dates.
We already do the same thing with people (taking away their freedom for lengths of time), it’s time to have the same punishments for corrupt corporations.
Shutting down their operations completely for lengths of time would also have other consequences besides financial.
- LeafItAlone 3y agoIs that not just also harming (again) their customers?
- dusted 3y agoIndeed, money is a condensate of time.
- lettergram 3y agoAs a citizen I don’t want government taking away my ability to communicate with family because my government wants some access controls. I’m all for punishing companies. An easier solution is to combine fines with criminal penalties on citizens who break the laws. Ie if you work for a company and spy on someone, you go to jail as if you didn’t work for the company.
- diggan 3y ago> The fines should be measured in units of time, not % of revenue Why not just increase the percentage so it's no longer profitable to break laws? If say Meta was found to violate users privacy and illegally gained a 5% extra net revenue because of it, fine them 10x of what they gained, so 50% of the revenue. I'm fairly sure they'd start moving fast without breaking things if that was the case.