And this, folks, is why we should tax religious organizations…. Like every other country I know of. (edit, apparently I knew less than I thought I did. I think what I did was conflate a 'church tax' with churches paying income tax. apparently that's a thing where the state collects your tithe for you... if you attend or whatever.)
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$5 million fine, eh? That's merely the cost of doing business.
Not really. It’s way way less than that
That's barely a fucking fraction of a rounding error of a sparrow's fart.
Why would anyone ever round a sparrow’s fart?
Oh his, I was about to say a five million fine goes against the tenets of Monopoly Man, bless his appointed CEOs on Earth
That's not what that means. It means it's just an additional, and "normal", line item on the balance sheet, like toilet paper or the water bill.
Edit: Reposting as I replied the wrong comment initially.
It’s not normal. It’s hugely undervalued. Not getting taxed on 32 billion for an extended period of time is completely game changing. It’s like saying having to pay an $8 fine for the stolen company car is just the normal cost of doing business. That being said I see where you’re coming from. They get different rules so it’s probably seen as ok in their eyes to get an $8 car or in this case to steal the car themselves and pay an $8 fine later
The phrase "cost of doing business" doesn't mean "bankrupt" or "righteous penalty", it means, especially in this context, that it's an normalized and accepted business expenditure because of our corrupt regulatory system whereby white collar crime is NOT punished by meaningful punitive actions that would create a deterrence. Instead, any punitive measures can simply be accounted for as a "cost of doing business".
Let me give you a hyperbolic but extremely simple example:
CEO: Let's commit a fraud worth $100m
VP: But that's illegal
CEO: Yes, but the fine would only be around $5m
CFO: Perfect, I'll add a $5m expenditure under the "cost of doing business" line item
VP: Wow, that's a great $5m expenditure, we'll net $95m in profit
CEO: Yep, that's just the cost of doing business.
Make sense?
I’m aware of what you are saying and I agree but only to a point. I’m saying that even as a “normal” cost of doing business the size of the fine is not normal. To take your example it’s like this:
CEO: “Lets commit 32 BILLION dollars of fraud.”
VP: “That’s illegal.”
CEO: “Yes but the fine would only be around $5m.”
VP: “Sir, I’m not condoning this but that estimate seems absurdly low for the size of the fraud?
CEO: “You’re right, the fine should be much much higher. Can we afford to get a $500m fine as a normal operating cost?”
CFO: “We can. I’ll also talk to my connections in Washington to get the amount lowered and anything else will be gravy. Also, VP you’re fired!”
It's just so politicians can say they levied multimillion dollar fines. And the voters are placated.
Yeah we need to set fines to amount attempted to savelikelihood of getting away with itpenalty modifier. They do this math before committing these crimes, the fine needs to actually deter them
tl;dr:
$32,000,000,000 fraud
$5,000,000 fine
Is that even a month's interest on $32B?
They can just lie. They don't need to prove anything. Thing is, they're brainwashed to think God will bless them more if they sacrifice 10%, so they go to the ends of the earth to pay, to their own massive detriment.
I have heard of some Mormons having to provide the church with their tax paper work to show they tithed properly. This is done through the threat of excommunication. Not sure how prevalent it is.
I don't know how people like this sleep at night.
On giant piles of cash.
But no, really, a significant portion of people in positions of power have sociopathic tendencies.
They tell themselves that they deserve it because they are doing God's will. Mormons have this thing called the "Second Anointing" which even most members don't know about which guarantees you a place in heaven no matter what kind of fucked up shit you do in this life. The only exception to that is apostasy and murder. This is largely the reason why so many Mormons can excuse this behavior.
Just like Jesus taught us….no wait.
The priesthood was invented when the first knave met the first fool.
Nah. The first knave got away with "Holy shit! Look!" frantic pointing all day long. It was later knaves who invented religion. The fools got wise to the basics.
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