@EmilyGB2023 there would also need to be provisions that prevent them from declaring bankruptcy as a way of avoiding fines.

Of course if we managed to do that we'd be halfway to dismantling capitalism altogether because the money would fight like a trapped rat on PCP to prevent even what you've suggested.

@EmilyGB2023 Double the fine with each violation. It never resets.

Also works with sporting bans.

@EmilyGB2023 that would actually work.

For example, Customs #TaxFraud in the sense of importing cigarettes without properly declaring and paying taxes on them, carries a penalty of 400% the amount of tax owed + the tax owed and the cigarettes get confiscated by customs in #Germany...

Also #GDPR #fines are way too low and should be at least 100% the global revenue of a platform!

@EmilyGB2023

How about a tax on lobbying... any profit made from a change in law inspired by a lobbying entity would return 90% of that profit to the government.

@EmilyGB2023

That one change would do SO MUCH to improve things. So 🍆ing much.

I'd also like to see corporate equivalents of "imprisonment" and "the death penalty," particularly if they protect the rank-and-file employees not involved in illegal shittery.

@EmilyGB2023

Why not start with making it illegal for corporations to lie ?

@EmilyGB2023 Add in "every bonus paid to any officer of the corporation or member of the board in the past five years must be repaid in full in cash" and "no bonus in any form can be paid to any responsible person for the next ten years".

Probably can't make the bonuses part of the fine in the US, but other places? Worth a try.

@EmilyGB2023 It's funny, right? In my utopia, a lot of things would be fluid because circumstances change. They only would have to adhere to the principle of 'solidarity first'.

One of the few hard coded rules, however, would be 'no inherited wealth'. No matter how rich your parents got - ill gotten or not - you get shitall.

You are only ever entitled to wealth - if you are entitled at all - if it is based on anything YOU did.

@EmilyGB2023 I think that’s a great idea!

The other change I would love to see is the criminalising of “deliberately or recklessly misleading the public”. (‘Recklessly’ to cover cases where the truth is easily ascertained, so that ‘I didn’t know’ is no defence.)

If voters believe credible lies, their votes mean nothing and democracy is dead.

@EmilyGB2023

Penetrate the corporate veil and take the investments of the major stockholders before depleting the profits still retained in the corporate accounts. That will encourage a) oversight by investors over corporate malfeasance, and b) incentivize treating non-stockholding employees as important to the future of the company.

@EmilyGB2023

Not really a legal change but if you wanted to change the life of every single person in the US, just enact single payer health care coverage.

It would change the life of everyone for the better on day 1.

@EmilyGB2023

Yes this 👆, along with individual fines that are indexed to income or net worth.

@EmilyGB2023 @Chip_Unicorn

The minimum wage shouldn't be a flat rate. It should be that the highest wage in the company can only be x% more than the lowest wage, and that calculation includes CEO and owner.

@EmilyGB2023 I think an interesting fix that could apply on more than just a corporate level is to have fines 'n such scale with worth/income.

You're at 10% of the median wage/worth? You only have to pay 10% of the fines. Making 56000% the median? Fines are at 56000%.

That'd both kill the "can afford to do it", and make fining homeless, unemployed people no longer really a thing.

Megacorporation would get megafines, small home businesses would get only a reasonable hit.