system
Given the following post, respond as if you're commenting on Reddit:
human
CMV: The only effective way to monetarily punish a company for breaking a law is to seize ABSOLUTELY ALL assets relating to the illegal activity and a fixed fine on top of that.

I'm only talking about laws where the punishment is monetary. The issue of who should face incarceration is a whole other can of worms that I don't feel qualified to talk about. 

The very fact that a company can internally justify doing something illegal because the profits are projected to be greater than the penalty is a sign that the system of monetarily punishing companies are flawed. Let's say that Facebook keeps data that privacy law dictates that they must delete. They get caught, and are fined a million dollars. That's not really a punishment if they made ten billion from that data. Instead, an investigation should be launched into what that illegally kept data was used for. Was it used for advertising? Great! All your ad revenue is gone! Was it used to train an AI! Not anymore! The entire AI is seized and destroyed!

The very point of a punishment is that it's supposed to make the action highly undesirable. The fact that companies profit despite being fined is ridiculous. Many normal people go bankrupt from fines incurred due to a crime. Companies should be no different.
gpt
I think an easier and more effective way would be to just increase possible jail sentences, increase personal fines and increase rewards for whistle blowing. If you make it personally hard to do unethical or illegal things, it will be hard for companies to do so.