Canada puts a cap on filesharing penalty: $5,000
http://www.michaelgeist.ca/content/view/6710/125/
This particular topic was discussed in another thread of which I do not remember the title.
However, I stated that the cap should be set and all punitive damages removed from the court systems so we do not end up with $1.4 million punitive damage fines (Capitol vs. Thomas...but was later overturned).
I stated that it should be capped and should mostly be awarded "Compensatory Damages".
If the song was downloaded 10,000 times, the value of the song itself should be determined as a single consumption. Most likely, the cost for file sharing it 10,000 times would be $10,000...or less.
Canada is taking it a step further and limiting it to $5,000.
Go Canada.
What are your thoughts: am I wrong in my sentiments?
Full disclosure: I never file share. But I do think the system needs revision in the UK and the US.