I was just reading about a violation of the Canadian fisheries act that has a maximum penalty of $200k, and realized the absurdity of there ever being a maximum fine.

There should be no maximum fine on any corporate penalty given that we do not cap the size of corporations or their bank accounts.

It would be like having maximum jail terms of 25 years for immortal beings that can live to 10,000.

  • Janx@piefed.socialEnglish
    2·
    2 hours ago

    I don’t have income but my LLC happens to pay for all of my daily expenses

    That’s income. Not according to tax laws, but that’s also why we shouldn’t base monetary penalties on tax law. These fuckers have been exploiting the loopholes to have the most money and power and also pay almost nothing. But they still eat! And grocery stores don’t accept leveraged loans, securities, Bitcoin, or percentages of annuities… At some point, they touch money. So let’s tax (and penalize) them so they can’t avoid paying their fair share.