This Corporate Conspiracy is Hiking Up Your Grocery Bill
Perdue, Tyson, Sanderson Farms, and JBS are colluding to raise chicken prices - up 61% over the last 15 years. But Washington state is leading a charge to fight back against Big Chicken's monopoly. And they're winning.
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Every state in this country needs to file a suit as well! Claw back the money from these monopolists!
@dedetudor.
11 ай бұрын
Agreed... But will they even know? They sure don't act like they're up to snuff on things.
@danatompkins4385
11 ай бұрын
Lawsuits don't work. These companies are paying tiny fines compared to what they are profiting! The corporate political whores on both sides of the isle have not only allowed this to happen but have profited as well. We need to vote out all the corporate politicians and start with President. Vote and support Robert Kennedy, Marianne Williamson and Cornel West. These are the truth tellers and what we need at this critical time in human history.
@bradleyostmann9197
11 ай бұрын
While we're at it, can will file some charges maybe throw some CEO's in jail or something?
@nuance9000
11 ай бұрын
@@bradleyostmann9197With a few more investors and bankers that bankrupted us in 2008 and 2022 😂😢
@runed0s86
11 ай бұрын
A third of the world's birds have been killed by bird flu over the past 2 decades. Not just chickens. In the past 4 years, we've lost about 2/10ths of the total avian population. The prices may be artificially increased, but there's a lot more going on here than monopolistic greed.
The problem now is that these monopolies are so large that the fines are just the cost of doing business.
@redneckswag616inhd6
11 ай бұрын
Fines against corporations committing criminal acts should be financially crippling to said company.
@michaelhowell2389
11 ай бұрын
Agreed, if the fine is not in excess of what they made doing the crime there's no reason to stop.
@youtubecommercialsareascam8495
11 ай бұрын
They make 85 million before they even unlock their doors in the morning
@Loj84
11 ай бұрын
@@redneckswag616inhd6 the current issue is that that can’t be done by a few individual states. Washington, for example, can only fine them for damage done to people in Washington, which results in a pretty insignificant number to a huge international company.
@watamatafoyu
11 ай бұрын
@@michaelhowell2389Yep, it's not a punishment if they still profited from it.
If a company can settle and not just continue to exist but also thrive and shrug off the monetary penalty, then the settlement did absolutely nothing. Break the big corporations up.
@CallMeRabbitzUSVI
11 ай бұрын
Exactly that amount of money is literal pocket change to these corporations. They made WAYYYYYYYYY more in that time frame by ripping off everyone.
@zakm0n
11 ай бұрын
We really just need to nationalize essential industry like food, energy, and Healthcare. Capitalists exist only to maximize profits, which is almost universally bad for people
@Loj84
11 ай бұрын
Agree that they should be broken up, but that can’t be done by an individual state like Washington. The settlement did something; it returned money that was taken from us in Washington back to us. That’s all that can be done, though, until this hits at least the national stage.
@nanoflower1
11 ай бұрын
@@zakm0n You can't really nationalize such industries but you can break them up. The competition between them will serve to keep prices in check IFF the respective agencies actually keep them from colluding again in the future. It's been shown in the past that even before the mergers happened the various smaller companies were working together on controlling prices. Not so obviously that the government could come after them but effectively the same.
Wake up it’s not just chicken it’s everything every major business every three letter corporation
@Loj84
11 ай бұрын
Yeah, obviously, that’s kind of the point of the entire channel mate. It’s a bit hard to show how every single industry is corrupt in a 10 minute video.
as a texan, i sometimes wonder what it would be like to have an AG that actually fought for genuine public interests.
@mattwhaley1865
11 ай бұрын
Send him a severed chicken head. Send a message. The AG has a public address. Tell him that you are not clucking around.
@______638
11 ай бұрын
our AG fights for the public interest of foreign nations.
@nanoflower1
11 ай бұрын
I'm sure your AG is fighting for the public interests. Oh, you meant the people. No, no, the AGs fight for the public interests of the companies. After all companies are people too with the same rights to free speech and the like, right?
@EbonySaints
11 ай бұрын
Honestly, I'm amazed that Ken Paxton is still AG. Yeah, he's been censured, but the fact that it took almost eight years is an embarrassment.
@Novastar.SaberCombat
11 ай бұрын
The wealthy and powerful ALWAYS win. Always. There is no recourse except acceptance. Not unless some wealthy mogul decides to fight... FOR THE POOR! 😂🤣😂 AHHHAHAHAHAAA. God, I made myself laugh; that last sentence was so friggin' ridiculous. 😂
The most important part would be to make it so painfully expensive for these companies to keep up the b.s. that they can't just shrug it off as a "cost of doing business".
@drd2093
11 ай бұрын
Or break them up like the bells?
@mauriciotunnermann9361
11 ай бұрын
Never gonna happen as long as we allow corporations to own politicians
@Perfidion
11 ай бұрын
@@mauriciotunnermann9361 This. While corporations can pay politicians to make laws that favour corporations (or remove laws that don't), you're essentially running in a circle.
@cruxal1576
11 ай бұрын
Lobbying is going to have to go firdt
@smallfaucet
11 ай бұрын
@@mauriciotunnermann9361 We?
Not to mention the exploitation of workers who are mostly undocumented, refugees, Black, Brown & poor. This industry thrives on expandable, disposable, exploited labor and all this is subsidised by taxpayer money.
@imacmill
11 ай бұрын
And the torture of the birds.
@jtexans9953
11 ай бұрын
Why do you put Black in front of Brown?
@youtubecommercialsareascam8495
11 ай бұрын
In Texas they also take advantage of the felon tax write off which is $20,000 each year the felon is employed with the company. Not just the first year but each year they are employed.
@jameslowellblakenship2192
11 ай бұрын
It's cheaper to have inexpensive labor than to feed and house slaves. Very good examples of this around the world that is being ignored. The 0001% has complete control of economics in every way. Making the lives of human beings disposable. God forbid their limousine not be waiting for them to take helicopter to take them to their yacht sailing to their island with more underpaid servants. All while staying in constant contact with their CEOs that live on a measley $250m a year.
@musakh8erable
11 ай бұрын
And place where there plants are, are the highest paying in town, but still shit for what's expected and hazard pay and all that.
what? corporate greed, nah... Nothing new. Corporations and rich people are disgusting!
@JohnT.4321
11 ай бұрын
The capitalist system is doing what it does best. Exploit workers at the point of production and extract as much profit as possible no matter the cost to society as a whole.
@EsotericBibleSecrets
11 ай бұрын
You might say it's a pretty *brave* move for the *chicken* market.
This is an amazing report. Thank you. Don't ever give up exposing the criminal food cartel.
The problem with corporate fines is that they just view it as "Cost of doing business" because they are so low. 2 things need to change, first executives who engage in the behaviors need to be jailed and second the fines need to be crippling, something along the lines of 50% of the companies value.
To the executives, it is “just a cost of doing business…” …Until they end up behind bars, it’ll keep happening…
@armorclasshero2103
11 ай бұрын
China just straight up kills CEOs like this.
Maybe it's time to rethink letting the for-profit middle-men getting their hands on our food-stuffs.
@AnonymousAnarchist2
11 ай бұрын
what? You think we should have access to clean, healthy food? For a reasonable fee? what's next, housing? Medical care?
@deadcard13
11 ай бұрын
@@AnonymousAnarchist2 in my socialist dreams.
@______638
11 ай бұрын
cool it with the antisemitic remarks.
@deadcard13
11 ай бұрын
@______638 ......were you just making a joke or did I miss something?
@AnonymousAnarchist2
11 ай бұрын
@deadcard13 Nah, it should all be free. Engineers, Dr's and farmers do really well compeating for fame we really dont need money or a state at all 🤫
Whole chickens at the QFC where I live used to cost $5 - $7 dollars four years ago. Now they are $15 - $20.
These settlements are entirely too small. The fees need to be ALL profit + a set fee for X number of years. Make it REALLY hurt for them to engage in these practices. Repeat offenses have longer and larger fees. Three strikes and it's break-up time no exceptions. 5 strikes and it nationalization and a forfeiture of ownership by the shareholders. THAT will incentivize the shareholders to actually keep their companies accountable if there is a legitimate possibility of them losing their entire investment.
@hellNo116
11 ай бұрын
You are right. They won't do it because the justices in USA are capitalists. Almost all of them if not all. They will say that this will close the companies. And it will. They could just seize them and make them public but they won't do that either.
@Hobbsdad
11 ай бұрын
I'm shocked. Your telling me that you want to take away a politicians paycheck? 😢
@NirvanaFan5000
11 ай бұрын
how about jail time?
@trapfethen
11 ай бұрын
@@NirvanaFan5000 I have thought of that; however, what you would find is that either the sentences would effectively have to be life, or the compensation for executives would just explode to the point that you would get people who were okay with going to jail for a few years. The reason for this is that the incentives of the shareholders haven't changed, and so they will continue to replace CEOs until the find one willing to get their hands dirty to maximize profit. You have to change things so that the shareholders themselves hold the executives in line. That is why I suggested forfeiture of ownership being the final punishment. Shareholders are going to care a whole lot more of their investment might just poof into thin air.
@Loj84
11 ай бұрын
A state has no power to do this. A settlement in Washington is based on damages to people in Washington and nowhere else.
lawsuits are not doing much to change anything - maybe threatening CEOs with criminal prosecution ie jail time would work better
Lawsuits mean nothing. They must be broken up.
Certainly the penalties need to be higher. These piddly little $85M fines are nothing in comparison the the huge dollars these firms are raking in at consumers' expense.
This is literally every industry in the US market. There’s 3 real competitors that rule over everything. If mom and pop versions still exist, it’s only because the monopolies haven’t drained everything from the people doing that work yet
There exists a grey area between illegal and immoral. That grey area is where corporations make their fortunes.
@FUNKY_BUTTLOVIN
11 ай бұрын
And they have lobbyists they pay to constantly expand that window for them, thanks to corruption being an acceptable facet of American "democracy"
@FirstLast-vr7es
11 ай бұрын
"Illegal" is meaningless when you're the one that writes the laws. Since they own the politicians, that's pretty much the case here.
@draneym2003
11 ай бұрын
@@FirstLast-vr7es Don't forget the court packing with conservative clown judges who will allow anything, for the right amount
@nuance9000
11 ай бұрын
Ever since the supreme court ruled in favor of Citizens United; the legislative branch lost the "power of the purse"
@Doing_It_Wrong
11 ай бұрын
There is no grey area. Price fixing has been illegal since the Sherman Anti-Trust Act of 1890. But who's going to prosecute when you can buy a judge or a senator to make it all okay?
This is wrong on so many levels
Fun fact: Sanderson and Wayne merged and then that compamy got bought by Cargill. Purchase price: $4.5 billion, paid out of the $6.7 billion Cargill made in profits in 2022. And it paid $85 million to settle a federal lawsuit. Way to throw the pamphlet at 'em, DOJ.
"If you are an individual who's been harmed by an elaborate price fixing scheme with 19 powerful corporations, what hope do you have to get redress?" Libertarians debunked in one sentence.
@Loj84
11 ай бұрын
Not a libertarian anymore, but even when I was, one of the few government regulations I supported was very strong anti-trust laws. I feel like it should be obvious to *everyone* that they are essential.
@watamatafoyu
11 ай бұрын
Most won't even understand what you said, but the ones that do will say "Just shoot em!"
@linagreenlyfe6705
11 ай бұрын
Libertarian here. We believe that government shouldn't infringe on personal and constitutional liberties. Unfortunately, our politicians are bedfellows with industrialists, so the principles do apply. Keeping the powerful in check is a great way to secure liberties
@enricofermi3471
11 ай бұрын
My Hope is 12-gauge, and my regress will be delivered at the nearest "big meat" factory.
@Praisethesunson
11 ай бұрын
@@enricofermi3471 Lol. The owners of those plants aren't literally at the plant. Usually they aren't even in the same state. (Sometimes not even the same nation)
Who protects the environment? Who protects the innocent from the torture conditions while those sociopaths hoard more money than they can spend? But we civilized remember!
@Hobbsdad
11 ай бұрын
You slaves, remember
Reaganomics.
worked for Sanderson farms for about 3 years and it was a really good company to work for, we actually never hiked our prices during the pandemic, actually quite opposite we upped production 10 fold to keep chicken on grocery store shelves at a low price and all of our chicken was actually antibiotic free. Sadly the company was bought out by cargill and our wages were cut, and the government was looking into vetoing the purchase due to monopoly laws but let the buy out happen anyways knowing it would give cargill and Tyson a monopoly.
It's like the price gouging for eggs. The distributors are unnecessarily increase prices because there's decreased regulation from lobbyists.
Amazingly, these companies are all privately owned. At least the big ones mentioned here. And the information here is old in that the Sanderson and Wayne farms merged together last year and are jointly owned by Cargill and Continental Grain (Conti).
@hunterhoyt9571
11 ай бұрын
its absurd.. anti trust has been scrapped. Its happening everywhere or instance kroger recently bought out albertsons. That shouldnt be allowed to go through in a just country.
@bopowl4413
11 ай бұрын
tyson is public company
Just need to add prison sentences without parole to corporate crimes.
@theprecipiceofreason
11 ай бұрын
Corporations are people, then they need to have prison time, like people. Lock up the whole company!
@robert2690
11 ай бұрын
@@theprecipiceofreason Lock up the janitor too?
@theprecipiceofreason
11 ай бұрын
@@robert2690 Well those have to go to juvy because the chicken companies are the ones employing minor immigrant children as cleaning crew
@judesmith4941
11 ай бұрын
Corporations are not human. More like vampires sucking dry the lifeblood of humans. Hard to jail an entity.
@macattack5863
11 ай бұрын
@@theprecipiceofreason I mean I would focus c class execs, owners, and or board members.
It's the same thing over and over again. Monopoly economics has captured virtually everything from politics to every economic sector and industry. 50 years ago almost every American across all political and social spectrums understood that monopolies are bad. They/we understood this because we had paid dearly in suffering and blood over the course of decades to learn this lesson. And just as the last people who had living memories of how horrible life was under oligarchy died, along came the four-wall propaganda campaign telling us that "government isn't the solution, government is the problem", and both parties went to work tearing us apart, taking our rights, and refusing to enforce the laws that protected us. A Well-Informed (Educated) Electorate Is a Prerequisite for Democracy
The fact that Albertsons and Kroger attempting to merge scares me
@ianglenn2821
11 ай бұрын
They succeeded. Safeway-Albertsons-Kroger is now one company. Kroger made so much money on "inflation" price gouging they bought Alberstons and Safeway!
Break them up. Tax billionaires into extinction. It’s them or us,
I would say this applies to more than just chicken. Potato chips are way out of hand too. Look into those price increases with packages shrinking and shrinking. There are more items too
This is y small chicken farmers r struggling.
I live near a large Tyson farm. They’ve been flying a Trump 2020 flag for 4-years now. Go figure.
@bethriley9757
11 ай бұрын
You think Trump did this? Both parties are in on this.
@lisboa63
11 ай бұрын
@@bethriley9757 Then, why don't they have a Biden flag duche ?
@honeyblue2902
11 ай бұрын
@@bethriley9757 It's about mindset. I feel more confident getting progressive candidates to criticize and work to change things like this, meanwhile, trump actually stated that anyone who finds loopholes to avoid taxes/financial consequences is smart; He has no issue with these kinds of corporate schemes. To him, and the people who admire him, the schemes are smart because they make money. That's it. It isn't until they get screwed over directly that they get upset about it.
@FirstLast-vr7es
11 ай бұрын
@@honeyblue2902 The progressives tried to fight inflation by printing $700 billion for the "Inflation Reduction Act" and want to have the taxpayer foot the bill for student loans with no plan whatsoever to fix the sky-high cost of tuition. Pick your poison. While I'd agree that Trump isn't the solution here, I have been THOROUGHLY unimpressed with what the left has brought to the table. Our political system is rotten to the core, and both parties are wholly responsible for it.
@silverXnoise
11 ай бұрын
@@bethriley9757 I do not think that. I think there is an atmosphere of brazen corruption that Trump helped to normalize, even more so than a decade of Citizen's United shoving unbelievably large amounts of corporate money into our politics. Neoliberalism certainly contributed to a bipartisan stance of protecting corporate interests above all else, but this goes well beyond even that extremely distorted semblance of "normal", and I believe devotion to Donald Trump is positively correlated with such aberrance. Maybe I'm just seeing what I want to see, but I have no deep abiding love for Joe Biden's democratic party either.
It's like $5 for a pack of chicken breasts where I live. And like $6 for a pack of beef that isn't even rounded up to 1lb. I usually wait until they have to slash the price before it goes bad to buy it.
Same thing has happened to beef.
Depressing to find suspicions confirmed. Glad to know states are stepping up where the federal government has historically turned a blind eye.
It started in the 80's maybe before that but that's when it started to go big time from what I've learned, thank you Mr. Reagan
Great work. Thank you,and spread the word! 👍
I'm from WA state and I'm proud of our AG. Ferguson doesn't play.
i remember when you could get 10 cent chicken wings ( few decades ago). now a part of the chicken, that was considered a throwaway, is sold for $1 + per wing. the people who actually grow/process the chickens arent getting rich, its the middlemen like usual. ridiculous.
35 million decided by 15 companies equals 2.3 million per company. That's way less money than each company makes in profit in one day. For big companies like these are, that's just wrapped up into the expected cost of doing business. Small penalties, like this, cause absolutely no change in business practices. That's like charging a regular working individual $0.0023 in fines!
It's ridiculous, if I collude as an individual, I'll be given the book with a prison sentence. Why aren't these executives held to that standard?????? The problem is THE PEOPLE BEHIND THE DAMN COMPANY NAME!
@coop5329
11 ай бұрын
The problem is the congressmen who work for the corporations.
A lot of chicken and egg producers were required to do major culls due to gov't fears of avian flu virus contagion over the past few years. This happened even in the rural area where I live. That impacted prices in a huge way.
@coop5329
11 ай бұрын
No it did not. That's what these corporations want you to believe. You can find the actual statistics of the tiny percent of birds that were culled out of the total on the internet. Bird flu is deliberately presented as some apocalyptic disease that's going to destroy our entire poultry food sources. In actual fact, a vaccine for it is very easy to make, but it is ILLEGAL in this country to stop bird flu by vaccinating your chickens. South America is vaccinating all their birds; bingo, no more problem in the poultry industry there. Just like vaccinating all the new hatched chicks for Marek's disease.
@nighteule
11 ай бұрын
One of them, might've been Perdue, literally culled NONE. And yet, they still jacked up prices and used this excuse. Curious
Wait….why is a settlement considered a win?! Nothing will happen on a wide scale until they are branded as monopolies. A settlement is NOT a win.
Shame shame on them
Greed destroys everything.
This can be compared to hospitals. The hospitals are required by law to put the price of the procedures somewhere that the patient can see what it cost so they can shop around and not be price gouged. The hospitals refuse to do this and they get fined. The fine is a slap on the wrist compared to how much profit they bring in. There need to be something more devastating to these companies then a fine. There needs to be strict regulation and hold the owners and board members far more accountable then just the company as a whole
This should have more views.
All these corporation need to be broken up. Years ago they said you could not have monopolies. Seems like that is what these people are.
These executives should be forbidden from ever working in another executive position.
CEO: I'm poor and I need a super duper mega yacht. We're barely making any money.
This needs to be stopped!
Investment firms like Blackrock, Vanguard and Statestreet along with a handful of other investment firms hold a very large block of Tyson shares along with shares in the Brazillian company. They are the ones raising their profits by shorting the farmers and workers.
There was some massive chicken farm that lost millions of chickens towards the beginning of the year along with a global bird flu that killed off millions more of the global poultry population. Same thing happened recently with a slaughterhouse I believe had a lot of cows that burnt to death.
Need to get corporations out of food production. Let the farmers do the job. The farmers, ranchers and fisherman plus the truckers that deliver your food all being attacked worldwide by govt, corp and wef. We need to protect our food provider.
Kellogg's major shareholders are also Blackrock, Statestreet and Vanguard. See a pattern yet?
Everytime a commercial has a price from market leader the corporate competition raises their prices close to the market leader.
*What happened to a* *chicken in every pot !* 🤔
Any fine / settlement less than the mid 9 figures can be written off and passed to the consumer. Unless the companies are broken up this will continue to get worse.
It's not just chicken. Tyson is one of the top 4 producers of beef in this country, and they're price fixing consumer beef while also driving family beef farmers out of business by fixing what they will pay for feeder calves anda market-ready cattle. *Tyson itself only buys market-ready. Other producers have auxiliary feedlot operations.
Add to the anti-trust laws so that for agriculture, no company will be allowed to have more than 2% market share within any given state.
Stop buying from them
And yet little to no action from Congress for this price fixing.
@nighteule
11 ай бұрын
I bet if you looked into it you'd find these corporations brib- er, I mean, funding congress members' campaigns
Every time you tell us how much of a fine they paid, you need to tell us what proportion that is of the excess profits they "earned" by doing the thing they were fined for. Now, we all know that the fine is never more than a drop in that bucket of illegal gains. But, you need to make clear just how tiny that drop is, compared to the bucket.
"... agreed to pay an $85m settlement..." it's also about the government taking payoffs to look the other way while corporations continue as before.
@nighteule
11 ай бұрын
Yep, no doubt they factor such settlements into costs like any other corporation, and will happily pass that on instead of lowering profits. Barely a slap on the wrist. They should've not taken that settlement, fight them and make it HURT
funny how they say they can't pay and compensate their workers a proper wage and benefit and claiming they're forced to downsize when quarter after quarter they're making more record profit than they have in decades.
I really wish mainstream news covered these types of topics...
I can see a hobby and artisanal Chicken farms charging these prices. However, economy of scale says that companies that produce efficiently and in mass have the ability to keep prices low.
Looooong overdue for some serious trust busting in this country.
the southern states need to do this / they pay off alot of gov, state people
The problem is the fines and laws fall far short of getting something done The fines paid are just added to Americans checkout bill They need to divide up the companies like they did when the anti trust laws were inacted not just slap the wrist and let them keep doing it over and over
LAZA-FAIR
Time to move to South America
Lobbying needs to be outlawed or limited how much money can be spent. Sometimes competition is a race to the bottom also
DOJ suit 85 million, what a joke that is, that is less than a day's earnings
This happens in every industry.
Oh..
The farmers/ranchers that have been paid a pittance for their work need compensation also. They can't continue to farm in this business environment.
The problem is animal agricultural pursuits; the exploitation of other sentient animals because they are not human, at the expense of the animal themselves, the air, the land, the water, including ocean deadzones from ag runoff, the wild species of animals, the health of humans, and the welfare of humans employed in that industry.
3 m o ago the price of 10 lb chicken leg quarters was $4.72.last mo it was $5.72.last wk it jumped up to $7.89, I live in Texas, and expect the price of beef to double or triple due to the wildfires, over 100,000 head have already perished!!!
Maybe SCOTUS shouldn't have given corporations Super rights to campaign contributions. Politicians are too afraid to rock the boat.
Big deal-- 85 mil dollar lawsuit.... Where's the money 💰💰💰💰?? Where'd the money 💰💰💰 go other than the government?? Oh yah, goes back to the lawyers 🤣😄🤣 .
What’s a few million won from a lawsuit compared to the billions they make in profit?
Nothing mysterious about the chicken price increase. It jumps at exactly the same time we have a massive dollar printing event during covid.
It's so frustrating because all the politicians are being paid by these big corps. Also, when the government levies fines on these corporations the money doesn't go back to the consumer. When was the last time you got a check from Purdue? The Gov and Big Corp all get rich together and laugh at the family that can't afford chicken. No wonder they want us eating bugs.
Demand our "officials" enforce the Packers & Stockyards Act
I pad $13 for a bag of Tyson lightly breaded chicken breasts tenders. That's the cheapest I could find at Walmart. I also bought a whole chicken at Publix for $12. A few months a go it was under $10.
@user-bk7jp1qb1b
4 ай бұрын
Should be under $6 for that bag
Corporation are hurting everything. Look what they have done to beef.
Give the FTC teeth again.
Not just chicken
On all corporate violations of any kind the penalty has to start at the complete amount of profit gained plus whatever
These practices are causing people to go hungry too.
I've never been prouder to be from Washington, let's GO!
Truth Fact ❤️❤️❤️👍
Love to see trust-busting cases for consumer protection + AGs + righteous lawyers standing up to these cretinous monopsonies + oligopolies ✊ More of this pleeeeez Write/call/email/tweet your congress members to support stronger antitrust legislation + fund the CFPB 👏
Fewer and fewer masters , they get a slap on the hand.
Hmmm lets also talk about how they treat the animals because those green corrals of chickens you are showing in the footage are not Big Chicken environments. I'd bet on that.
It's long since time to break up these giant corporations
But the problem with this model is they just then raise the prices more make the consumer ultimately pay the fine we need to hold the so-called prominent people accountable we would go to jail if we did this they should be no exception