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Joined 2 years ago
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Cake day: June 17th, 2023

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  • The fine has to be big enough to cause enough pain to the shareholders that the board of directors cares.

    Let’s say we set the fine to an amount that would destroy the company if levied in a single financial year, then actually leviing it over five years. Five years of poor dividend performance.

    Or perhaps partial dividend forfeiture for a period of time.

    The people who make the kinds of decisions that result in this kind of failure are driven by next quarter’s share price, hurt that enough and they’ll make the right decisions.

    Either way, that particular fine is appallingly small for poisoning the general public with heavy metals.




  • Prisons serve to remove a person from society (in the civilised world).

    Removing a person from society has two subtly different justifications:

    1. Prevention: their offence against society is such that society must be protected from them.
    2. Punishment: their offence against society is such that society wants them deprived of society.

    Consider the difference between violent crimes (1) and nonviolent crimes (2).

    Note that some societies expand (2) to include more punishment than just separation from society.









  • The thing is, it’s almost certain that the orange idiot will do this again next month, next quarter, next year, ad infinitum. He’s also shown that it’s mostly bluster, Canada called his bluff and he blinked. So now it’s noise, risk, and unnecessary cost.

    There’s also no confidence that this nonsense will stop in four years, no confidence that another Trump won’t be elected next time.

    America’s burned the last shred of respect it had left, and it’s gone, for decades if not forever.

    Every other country is going to do its best to divest itself of every dependency on the USA it can; find other buyers and find other sellers.