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.
And that’s for offense 1.
Offense 2 within 5 years of the first would be same as offense 1, plus losing the right to pay dividends and issue derivatives for a year.
Offense 3 within 5 years of the second would be same as 1 and 2, plus you get restructured as a nonprofit.
Offense 4 within 5 years of the third would be the entire management board’s and executive team’s browser, chat, email, and dating app history gets published…