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I think this case highlights one of the fundamental problems with our legal system making policy decisions: all companies will be held to the same standard rega
by csharpminor 14y ago
I think this case highlights one of the fundamental problems with our legal system making policy decisions: all companies will be held to the same standard regardless of their individual characteristics.
Regulation is important, but it shouldn't be stifling. Laws ought to be dynamic and scalable so that the proverbial "two guys in a garage" don't have to sink their startup by investing time in energy in compliance issues.
Ideally, businesses would be subject to regulation based on some index of revenues/profit. This might range from simply paying taxes on the least profitable end, to having a dedicated team of government regulators for the largest corporations.
However, this runs afoul of numerous legal principles, so I'm not expecting change anytime soon.