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.

  • then_three_more@lemmy.world
    1·
    2 hours ago

    This is such strange logic. No. You want the company to not break the rule, otherwise it’s not a rule. Therefore the fine should be to a point where breaking it would be so determental to their business that they do everything to not break it.

    Its like after gdpr came in a lot of shady USAian companies simply geoblocked European IP addresses as they knew the potential fines were so massive