Re:California jury says Bayer must pay $2B to couple in Roun...
by everdev on Wednesday May 15, 2019 @11:28AM
(#19920369)
Sorry for any confusion, but there absolutely should be serious compensation to the victims. The question is only how much. Some might consider $1B an insult to the value of a human life.
Since it's impossible to compensate someone fairly when looking at it from the value of a human life, I'm wondering if there isn't another way to calculate these settlements where the end goal is still the same: 1) provide a generous payment to the victims and 2) create a financial deterrent string enough for the offending company to stop and repair their actions and prevent any other companies from thinking of doing the same thing.
For #1, $10M, $100M, $1B, $10B, $100B, etc. are never enough for anyone that enjoys their life and their health. I just think it's worth considering how quickly we could create 2,000 lawsuit billionaires if the formula is $1B per terminal illness. Maybe that's a good thing for the 1% to be comprised of the descendants of victims who might spend their money in a conscious way, but I think $1B is such a rare, difficult thing to achieve and creates tremendous power that it's worth thinking about. Because why not give them $5B or $100B or make them the richest individuals on the planet? It still wouldn't be a fair deal for getting cancer.
For #2, I'm simply suggesting that we should consider paying some portion of the penalty to a hospital, charity, competitor, etc.
If you'd rather the $2B goes to the victim and another $2B goes to cancer research, ok. Or $2B to the victims and $2B to a competitor that could have sold more product had they not been undercut by cheap, cancer-causing products, that's fine too.
I just think society as a whole would benefit if we put some of the money into repairing the situation rather than only compensating the victim.
Since it's impossible to compensate someone fairly when looking at it from the value of a human life, I'm wondering if there isn't another way to calculate these settlements where the end goal is still the same: 1) provide a generous payment to the victims and 2) create a financial deterrent string enough for the offending company to stop and repair their actions and prevent any other companies from thinking of doing the same thing.
For #1, $10M, $100M, $1B, $10B, $100B, etc. are never enough for anyone that enjoys their life and their health. I just think it's worth considering how quickly we could create 2,000 lawsuit billionaires if the formula is $1B per terminal illness. Maybe that's a good thing for the 1% to be comprised of the descendants of victims who might spend their money in a conscious way, but I think $1B is such a rare, difficult thing to achieve and creates tremendous power that it's worth thinking about. Because why not give them $5B or $100B or make them the richest individuals on the planet? It still wouldn't be a fair deal for getting cancer.
For #2, I'm simply suggesting that we should consider paying some portion of the penalty to a hospital, charity, competitor, etc.
If you'd rather the $2B goes to the victim and another $2B goes to cancer research, ok. Or $2B to the victims and $2B to a competitor that could have sold more product had they not been undercut by cheap, cancer-causing products, that's fine too.
I just think society as a whole would benefit if we put some of the money into repairing the situation rather than only compensating the victim.