alt Hacker NewsBy that logic regulators should lower fines if the action wasn’t profitable. Which creates an expensive legal fight around the net profits of some action were after guilt is determined.
Instead, it’s much better to scale fines based on the scale of the entity involved, which also results in huge fines, but it’s easier to measure revenue. Thus the fines are more broadly effective, and you can still escalate if they don’t stop.
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I don't think that logic works. In your vein, if I say " If it gets hotter, I'll want it to be colder" that would imply that if it gets colder I'll want it to be hotter. That doesn't necessarily have to be the case thought.
If they made a profit and I want them to pay more than the base fine doesn't mean if they made a loss I want them to pay less than the base fine.
I think the rest of your come t stands though. There is difficulty I proving profit and Hollywood accounting can probably change those numbers.
> By that logic regulators should lower fines if the action wasn’t profitable
No? You don’t need to adjust the floor, only the ceiling.
The goal is to prevent businesses from pricing fines into their margins.
Like in Finland where speeding ticket fines are based on your income. For instance, in one well known case a businessman was fined €121,000 for going 82 km/h in a 50 km/h zone.