mhoyeWe really, really need to enshrine in law the idea that fines be proportional to the size of the entity being fined. Stop fining near-trillion-dollar companies in the millions and start fining them in percentages of their market cap. Fifty million dollars is shake out the couch money to these guys. Two percent of market cap and you're goddamn right they'll pay attention.
Dr. Eric J. Fielding, PhD@mhoye I think the EU now has some fines that are based on a percentage of a company’s gross worldwide revenue. Market cap might be tricky because it varies
Isaac Ji Kuo@EricFielding @mhoye Maybe base it on maximum market cap in the past three decades, adjusted for inflation.
And none of the 2% stuff. Try more like 90%, payable from actual individual people, not corporate coffers. The punishment needs to affect individual human beings, to be a threat to the actual human beings who make the decisions.