Good legislation makes violators feel the hurt if they break a law. Reducing it changes the equation so changing isn’t as necessary and it’ll just be another cost of bit businesses. Small businesses, likely not flaunting laws deliberately could be hurt by fines so large in the original, which is why fines should ALWAYS be based on relative earnings/revenue/profit/etc.
Good legislation makes violators feel the hurt if they break a law. Reducing it changes the equation so changing isn’t as necessary and it’ll just be another cost of bit businesses. Small businesses, likely not flaunting laws deliberately could be hurt by fines so large in the original, which is why fines should ALWAYS be based on relative earnings/revenue/profit/etc.