I think it's a sign that the punishments for these crimes that are causing problems for real people every day are inadequate. I think that fines should switch to being a percentage of revenue,...
I think it's a sign that the punishments for these crimes that are causing problems for real people every day are inadequate. I think that fines should switch to being a percentage of revenue, similar to the recent $2.7 Billion fine for google from the EU. If it's a fixed number, they can just break the law and decide that it's worth it even if they do get caught (which isn't guaranteed).
I agree with this, I've been a proponent of proportional fines for most everything, even matters like speeding, for years. Specific numbers for fines hurt those who are poorer and the rich can see...
I agree with this, I've been a proponent of proportional fines for most everything, even matters like speeding, for years. Specific numbers for fines hurt those who are poorer and the rich can see them essentially as a cost of living.
This is definitely a part of it. As long as they know all they have to do is pay some money that is seen as an acceptable amount to them and move on, they'll keep doing it.
This is definitely a part of it. As long as they know all they have to do is pay some money that is seen as an acceptable amount to them and move on, they'll keep doing it.
After all of the shit that Wells Fargo has pulled I'm kind of amazed that they haven't been fined into bankruptcy yet.
I think it's a sign that the punishments for these crimes that are causing problems for real people every day are inadequate. I think that fines should switch to being a percentage of revenue, similar to the recent $2.7 Billion fine for google from the EU. If it's a fixed number, they can just break the law and decide that it's worth it even if they do get caught (which isn't guaranteed).
I agree with this, I've been a proponent of proportional fines for most everything, even matters like speeding, for years. Specific numbers for fines hurt those who are poorer and the rich can see them essentially as a cost of living.
This is definitely a part of it. As long as they know all they have to do is pay some money that is seen as an acceptable amount to them and move on, they'll keep doing it.
There have been other businesses pressured into closing for stuff like this by the powers that be. Not sure why WF gets a pass.