I was wondering how real this statement, so I did the napkin math:
The average american salary is just shy of 60k[1]. If we follow a 50/30/20 budget[2], 20% goes into savings, so 12k. Assuming that the savings of an average person is roughly similar to a company’s revenue, we get
36.46B / 12k ~= 3 million times more revenue per year
So this 1.2B fine is equivalent to:
1.2B / 3M = 467$ for an average American
(I repeat, this is napkin math, but I think it still shows how small the fine is)
I was wondering how real this statement, so I did the napkin math:
The average american salary is just shy of 60k[1]. If we follow a 50/30/20 budget[2], 20% goes into savings, so 12k. Assuming that the savings of an average person is roughly similar to a company’s revenue, we get 36.46B / 12k ~= 3 million times more revenue per year
So this 1.2B fine is equivalent to: 1.2B / 3M = 467$ for an average American
(I repeat, this is napkin math, but I think it still shows how small the fine is)
[1]: https://www.usatoday.com/money/blueprint/business/hr-payroll/average-salary-us/
[2]: https://www.nerdwallet.com/article/finance/nerdwallet-budget-calculator