Mining firm Rio Tinto sorry for destroying Aboriginal caves (2020)

Re:Mining firm Rio Tinto sorry for destroying Aboriginal cav... by MisterBastahrd on Wednesday July 28, 2021 @03:07PM (#27988245)

Prison is the only thing that deters millionaires and billionaires from purposefully destroying priceless treasures to humanity to get at the commonplace resources that lay underneath.

Financial disincentives have NEVER worked because our system isn't designed to punish these things, by design.

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Re:Mining firm Rio Tinto sorry for destroying Aboriginal cav... by leafmeal on Wednesday July 28, 2021 @03:18PM (#27988394)

If the reason they do these things is for money (which I think is fair to assume) then money is clearly an effective incentive. The fines just have to make it unprofitable.

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Re:Mining firm Rio Tinto sorry for destroying Aboriginal cav... by wizzwizz4 on Wednesday July 28, 2021 @03:50PM (#27988878)

Fines are tax-deductible. They're better at gaming the system than policymakers are at fixing it.

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Re:Mining firm Rio Tinto sorry for destroying Aboriginal cav... by bpodgursky on Wednesday July 28, 2021 @04:41PM (#27989444)

1. That's literally not true, you're just making stuff up: https://www.investopedia.com/ask/answers/102915/are-irs-pena...

2. Even if it was, do you understand what a deduction is? You still lose money; you'd be changing the base on your federal income payments, but since your income tax is at most 40% or so, you're still paying at minimum 60% of the penalty (even if it was deductible, which it is not).

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Re:Mining firm Rio Tinto sorry for destroying Aboriginal cav... by wizzwizz4 on Thursday July 29, 2021 @03:17PM (#28000255)

1. That's a very specific type of penalty.

2. Business taxes aren't the same as individuals taxes.

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