this post was submitted on 06 Oct 2023
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If a penalty is "worth it", it's a business decision, not a penalty. Add a zero or two if you want it to work as intended.
Some countries make their penalties a percentage of income. Makes the sting equal for everyone.
Maybe makes the big guys sting some, but the same percentage for someone that is counting every penny for their food is still going to be more painful for them.
True. And we can't legislate our way out of this. Any legislation we proffer and make happen will be weaponized against the poor.
If he can even get a 1% gain in net worth from market manipulation, it would be a worth it even with 2 more zeros. 1 billion dollars is barely anything for him. 20mil is like a $80 fine for millionaire.
Crazy of you think about it. Kind of sad actually.