4%? Nah, set it to 20% at the bare minimum. First one who gets hit with one fifth of their revenue getting yoinked away by the government would get everyone else in line.
How about 20%, or issue the equivalent value in shares and hand them to to the state. Shareholders’ choice. Fuck up repeatedly and the state uses their control to replace senior management.
Then set the percentage based on the margin? Something that would genuinely hurt without simply dismantling the business, so there’s still something left to correct itself?
Creative accounting would just make the margin zero for the purposes of the calculation. It’s a lot harder to magic away total revenue
Also the purpose of the fine is not intended to be a slap on the wrist, it’s intended to be a strong deterrent to ensure companies do everything they can to ensure the law is followed. Most companies won’t take the risk of skipping compliance on something that could wipe the business out
Businesses are capable of providing useful things to the world. It’s a good thing to enable companies to improve the world while disabling their ability to harm it.
It’s always fun when you run into a neoliberal in the wild. They can condone a lot of things like mass incarceration, crippling poverty, corrupt Justice systems, and of course genocide. Hurting a business though? That they can’t imagine.
Now this, THIS is absurd hyperbole. When you have to make massive assumptions about someone to make your point, you don’t have a point - you’re just making shit up.
GDPR sets the example:
20 million euros
Or
4% of your revenue
Whichever is higher
4%? Nah, set it to 20% at the bare minimum. First one who gets hit with one fifth of their revenue getting yoinked away by the government would get everyone else in line.
4% of your revenue is a lot for a low-margin business, which is most of them. google’s margin is like 40% though.
How about 20%, or issue the equivalent value in shares and hand them to to the state. Shareholders’ choice. Fuck up repeatedly and the state uses their control to replace senior management.
that’s not very neoliberal of you
Then set the percentage based on the margin? Something that would genuinely hurt without simply dismantling the business, so there’s still something left to correct itself?
Creative accounting would just make the margin zero for the purposes of the calculation. It’s a lot harder to magic away total revenue
Also the purpose of the fine is not intended to be a slap on the wrist, it’s intended to be a strong deterrent to ensure companies do everything they can to ensure the law is followed. Most companies won’t take the risk of skipping compliance on something that could wipe the business out
Why don’t we want to dismantle the business?
Businesses are capable of providing useful things to the world. It’s a good thing to enable companies to improve the world while disabling their ability to harm it.
It’s always fun when you run into a neoliberal in the wild. They can condone a lot of things like mass incarceration, crippling poverty, corrupt Justice systems, and of course genocide. Hurting a business though? That they can’t imagine.
Now this, THIS is absurd hyperbole. When you have to make massive assumptions about someone to make your point, you don’t have a point - you’re just making shit up.
Hm, sounds like 20% would make for a good deterrent, then.
Or 100% of money made in abusive position?
wouldnt that mean smaller companies that hurt way less people would suffer more from the fine than bigger companies?