I’m with ya but I think a distinction should be made for non-exempt, hourly employees, just to fuck with their exploitation equation in how to properly fuck someone to economic death.
Comment on ‘Largest number of claims ever filed’: 17M people validated to receive Facebook settlement payment
gravitas_deficiency@sh.itjust.works 9 months ago
I really don’t like how class actions work. The payouts are almost always a pittance. If the judicial system really wanted to use them as a deterrent for shitty companies doing shitty things to large groups of people, class action damages should be structured such that every claimant gets $N… and the upper limit of valid claimants is not limited, though those claimants would still be subject to validation and verification. This would have the express intent of exposing a company to immediately catastrophic and unrecoverable financial damage.
SoylentBlake@lemm.ee 9 months ago
gravitas_deficiency@sh.itjust.works 9 months ago
Good point, and yes, I agree.
Tilgare@lemmy.world 9 months ago
I don’t know how the process worked exactly, but Nvidia had to payout $30 per card for the false advertising on the GTX 970. (In my head, I totally remember getting $100 per card for each mine and my wife’s, but the internet says it was $30. 🤷)
thann@lemmy.world 9 months ago
But think of all the poor investors? Should they be punished for simply investing in an obviously evil company?
gravitas_deficiency@sh.itjust.works 9 months ago
Uh… yes. Yes they should.
And by “poor” I assume you mean “unfortunate” (and sarcastically at that), not “impoverished”
UnknownQuantity@lemm.ee 9 months ago
It’s not a deterrent, it’s a business expense. I bet it’s even tax deductible.
gravitas_deficiency@sh.itjust.works 9 months ago
I added some clarification.
What I mean is that the process should be intentionally and purposefully catastrophic for the company in question, while providing victims the maximum possible recourse, in a financial sense.
And further, to incentivize the government to actually regulate and police shitty corporations so that they don’t get into that insane and catastrophic situation, the US government would become the guarantor for claimant payouts once the corporation becomes insolvent. I realize I’m handwaving a good bit, but I think a system something like that could act as an effective forcing function to steer corporate governance in a more ethical and sustainable direction - not just in the US, but worldwide.