this post was submitted on 20 Jul 2023
889 points (98.9% liked)
Technology
59105 readers
3353 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A penalty should be something you want to avoid. A 25 million (occasional) fine for Amazon is like asking me to pay a .25 (occasional) fine for, say, no parking. It has no deterrence.
On the other hand, a percentual on the profits is a lot more deterrent, expecially for a company. Maybe 25% is too much, I agree, but let's say a 2-5% of the profits is not that bad.
Note that a fine that is a percentual of your profits (or income) is far more balanced because it hurts the small and the big company the same way.