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by mbostleman
2379 days ago
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Related: what does "punishing" a company mean anyway, fines? Those are paid for by the consumer. So what's the difference? Same as corporate taxation. Taxing and "punishing" companies but pretending that the consumer is not affected is just a political game. |
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[EDIT] to clarify, you're right if you're talking about flat costs across all players in an industry, but wrong about fines or liability exposure that targets specific behavior, as it's possible to avoid those and retain lower costs (yes, of course, compliance and that avoidance of liability has a cost that does tend to raise prices somewhat, but so does any action aimed at accomplishing some goal, and supposedly companies are more efficient at that sort of thing than government so this should be a relatively cheap way to achieve some end, if you think markets work fairly well in general)