If they get hit with damages guess who gets to pay for it....It sure wont be the executive that is for sure.
Blind right-wing ideology.
You think we should never do anything to tax or fine companies because they never pay anything, they only 'pass the cost on to the consumer'?
That's a nice 10 year old level argument for opposing any 'liberal' policy to accomplish various goals, such as regulation, it doesn't hold up though.
First, companies can't just come up with new money for those things easily by raisnig prices. If they could, they would and put the money into profit. The expenses do affect their business, whether in reductions in other areas, lower profits, lower bonuses, wherever. When applied to one company it can hurt them against competitors.
Second, your dogma cherry picks one part of the circular economy. Do fines of indivifduals get paid by companies, not the individual, because the individual just spends that much less with companies?
The right wing dogmatakes a small truth that fines are sometimes felt by consumers. and exaggerates it into a falsehood that the fines are pointless because the companies painlessly put them in the price.
It's atrocious logic to oppose the ability of the public to hold any company accountable, and for that reason harnful to democracy and the public.