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by dontnotice 2890 days ago
> The intention of the fines is not to make money but to discourage illegal behavior.

Of course fines are a revenue source, the EU operates on multiyear fixed budged which they supplement with fines and tariffs.

The bulk of that wealth transfer is reliant on the coffers of US companies.

2 comments

Since this is basically all you post about, you're breaking this guideline:

> Please don't use Hacker News primarily for political or ideological battle. This destroys intellectual curiosity, so we ban accounts that do it.

https://news.ycombinator.com/newsguidelines.html

It's not a battle it's a legitimate point of view. It's also backed by evidence.

Also I balance it with the variety in my submissions.

> The bulk of that wealth transfer is reliant on the coffers of US companies.

Please share your sources.

And, just assuming you are right, those coffers are full of untaxed revenue from EU markets.

The record fines were levied on US firms.

Are you suggesting that it's legitimate to fine US companies on antitrust grounds to supplement tax revenue?

It's legitimate to fine US companies breaking antitrust laws. If that happens to supplement tax revenue that's an extra benefit.