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by Sacho
2560 days ago
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Your examples are flawed. In two of the cases, the "assets"(children and dog) are specifically not deemed responsible due to their lack of maturity/lack of understanding of societal norms - so we instead find the "owner"(or more properly named, parent/guardian) at fault - they are supposed to keep the children or pet in line. In the case of a loaned car, you are not liable for damages that the person you loaned the car to causes(perhaps you're confusing it with insurance liability?). I don't know about the contractor case. How is your "practical and effective" solution any different from a fine? You fine the company $300 mil, or you seize $300 mil of shares and sell them. |
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Asset seizure targets the ones culpable rather than just transferring some or all of that burden. And regardless of the size of the penalty, there is no danger to third parties like employees, customers or other organizations along the supply chain.
If the above examples are inadequate, I will add civil asset forfeiture which is applied widely to crimes on the low end of the economic spectrum, even without convictions, but with great parsimony to crimes on the upper end even with conviction.