Make fines be percentage of income not fixed number. 0.01% of yearly income is not a fine that's cost of running the business.
this post was submitted on 18 Oct 2024
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Already is under DSA. It's up to 6% of global annual revenue.
As long as they exclude publically traded companies where there isn't a single controlling party this sounds like a good idea. Scary for those that like to ignore laws, but good for everyone else.
There's extensive case law in the EU about this. The interesting part in the case of Musk's companies is that they would be pretty much shielded from X's fines if he hadn't used Space X's and Tesla's resources and personnel while trying to fix things on X/Twitter.
This is why it makes sense for specifically private companies that are solo owned. It's not uncommon that resources get shifted from one to the other as they are often treated as personal not corporate assets.