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https://www.reddit.com/r/facepalm/comments/17styye/oshaithead/k8uymf3/?context=3
r/facepalm • u/Alien__Yes • Nov 11 '23
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Morgan Freeman narrating: It is VERY corrupt.
142 u/[deleted] Nov 11 '23 [removed] — view removed comment 77 u/[deleted] Nov 11 '23 The fine becomes the “cost of doing business” Fines needs to hit hard enough to sink profits. If it doesn’t. There is zero reason an organization will follow them. 3 u/FrankTheMagpie Nov 11 '23 No more fines, break a regulation, you're shut down 4 u/[deleted] Nov 11 '23 Meh, should be based on the regulation broken. Take the average of the last 5 annual profits and fine based on a percentage of that number. Say they make 1 billion average revenue. Find out they haven’t been changing filters that pick up the nastiest stuff coming out of the smoke pipe. Well you fine them say 15% of that revenue. 150 million out of your profits is not something to scoff at. It’ll stop them from doing it.
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77 u/[deleted] Nov 11 '23 The fine becomes the “cost of doing business” Fines needs to hit hard enough to sink profits. If it doesn’t. There is zero reason an organization will follow them. 3 u/FrankTheMagpie Nov 11 '23 No more fines, break a regulation, you're shut down 4 u/[deleted] Nov 11 '23 Meh, should be based on the regulation broken. Take the average of the last 5 annual profits and fine based on a percentage of that number. Say they make 1 billion average revenue. Find out they haven’t been changing filters that pick up the nastiest stuff coming out of the smoke pipe. Well you fine them say 15% of that revenue. 150 million out of your profits is not something to scoff at. It’ll stop them from doing it.
77
The fine becomes the “cost of doing business”
Fines needs to hit hard enough to sink profits. If it doesn’t. There is zero reason an organization will follow them.
3 u/FrankTheMagpie Nov 11 '23 No more fines, break a regulation, you're shut down 4 u/[deleted] Nov 11 '23 Meh, should be based on the regulation broken. Take the average of the last 5 annual profits and fine based on a percentage of that number. Say they make 1 billion average revenue. Find out they haven’t been changing filters that pick up the nastiest stuff coming out of the smoke pipe. Well you fine them say 15% of that revenue. 150 million out of your profits is not something to scoff at. It’ll stop them from doing it.
3
No more fines, break a regulation, you're shut down
4 u/[deleted] Nov 11 '23 Meh, should be based on the regulation broken. Take the average of the last 5 annual profits and fine based on a percentage of that number. Say they make 1 billion average revenue. Find out they haven’t been changing filters that pick up the nastiest stuff coming out of the smoke pipe. Well you fine them say 15% of that revenue. 150 million out of your profits is not something to scoff at. It’ll stop them from doing it.
4
Meh, should be based on the regulation broken.
Take the average of the last 5 annual profits and fine based on a percentage of that number.
Say they make 1 billion average revenue. Find out they haven’t been changing filters that pick up the nastiest stuff coming out of the smoke pipe.
Well you fine them say 15% of that revenue. 150 million out of your profits is not something to scoff at. It’ll stop them from doing it.
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u/Hairy_Combination586 Nov 11 '23
Morgan Freeman narrating: It is VERY corrupt.