Re:Two senators say a $5B fine isn’t enough to punish Facebook
by tptacek on Tuesday May 07, 2019 @09:35PM
(#19855154)
They need to scale with the revenue derived from the offense, if the goal is to deter them from that behavior in the future.
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Re:Two senators say a $5B fine isn’t enough to punish Facebook
by alexeldeib on Tuesday May 07, 2019 @10:24PM
(#19855394)
FWIW, I see you saying this, but there are running examples of fines scaling to income, e.g. personal income and speeding tickets.
https://en.wikipedia.org/wiki/Day-fine
https://www.theatlantic.com/business/archive/2015/03/finland...
I'm also not sure that "scaling with the offense" makes sense -- If company A and B can do the same thing, receive equal fines, but company B can continue to exist as if nothing happened, did the fine mean anything? Would your argument in this case be that the fine should be high enough to be damaging enough to both companies, approximately equal to the social value of discouraging that behavior?
Curious especially because you said if the laws changed, you'd be ambivalent. I think there's a structural problem here, I'm not sure any amount of fining particularly will solve the real problem.
Re:Two senators say a $5B fine isn’t enough to punish Facebook
by rorykoehler on Wednesday May 08, 2019 @02:55AM
(#19856489)
FWIW my personal opinion is the the goal should be to deter from unethical and/or (borderline) illegal activity in the future, not only that specific behaviour. Anything else turns into a game of whack-a-mole which is long term damaging to the economy and competitive environment.
Re:Two senators say a $5B fine isn’t enough to punish Facebook
by ramblerman on Wednesday May 08, 2019 @06:34AM
(#19857541)
This just allows corporations to compartmentalize their risks. They can put all their illegal activities in a side division, and if they don't pan out no worries since we only get fined on the revenue of the failed project.