> My point is that it should not be discretionary.
Right. But that won't work.
We set the fines at say, 20% of the business.
So a 'mom and pop' firm breaks it, gets reported. Ok, now they're out say, 20,000 EUR (scale to whatever is appropriate in your country for a small company).
Then a big business breaks it for maybe, gets reported. Ok, now they're out $35.57bn.
These might indeed be acceptable amounts. Now imagine that for example, instead of having a fair number of people affected, it is just two people. Or three people. And perhaps in this instance the people involved were only marginally affected by it, perhaps at worst they would have lost a couple of hundred $currency.
Technically speaking, the companies still broke the law, but suddenly perhaps the punishment does not quite fit the crime!
Right. But that won't work.
We set the fines at say, 20% of the business.
So a 'mom and pop' firm breaks it, gets reported. Ok, now they're out say, 20,000 EUR (scale to whatever is appropriate in your country for a small company).
Then a big business breaks it for maybe, gets reported. Ok, now they're out $35.57bn.
These might indeed be acceptable amounts. Now imagine that for example, instead of having a fair number of people affected, it is just two people. Or three people. And perhaps in this instance the people involved were only marginally affected by it, perhaps at worst they would have lost a couple of hundred $currency.
Technically speaking, the companies still broke the law, but suddenly perhaps the punishment does not quite fit the crime!