The silver lining to stuff like this is that it’s now trivial to show examples of how the system works in favour of the 1%. In cases like this, the differential between profits and fines is so huge that anyone would understand how the fine is completely ineffective, and therefore regulation relying on such fines.
Needs to be % based. Years ago the TV show top gear was racing across Europe, they didn’t speed in Finland as speeding tickets are based off income. Every other country they would speed and break whatever laws they want as it’s small fines. Finland they drove proper because the speeding tickets would be hundreds of thousands of dollars.
It works. Put a fine based off profit, and all of a sudden you’ll have complete compliance. Good luck getting that law passed when the billionaire class rules both parties and has us fighting over washrooms.
The silver lining to stuff like this is that it’s now trivial to show examples of how the system works in favour of the 1%. In cases like this, the differential between profits and fines is so huge that anyone would understand how the fine is completely ineffective, and therefore regulation relying on such fines.
Needs to be % based. Years ago the TV show top gear was racing across Europe, they didn’t speed in Finland as speeding tickets are based off income. Every other country they would speed and break whatever laws they want as it’s small fines. Finland they drove proper because the speeding tickets would be hundreds of thousands of dollars.
It works. Put a fine based off profit, and all of a sudden you’ll have complete compliance. Good luck getting that law passed when the billionaire class rules both parties and has us fighting over washrooms.
Put % on revenue, not profits. Make sure that a fine of that magnitude is a bankruptcy threat.
100%