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>All I am saying is the current laws are such that the financial fraudsters generally get only a slap on the wrist and they are let free. Do you have any stati
by ryanlol 10y ago
>All I am saying is the current laws are such that the financial fraudsters generally get only a slap on the wrist and they are let free.
Do you have any statistics to support this? Do you, despite overwhelming evidence to the contrary, believe that custodial sentences lower crime and recidivism rates?
>Read this news [1] to know how the dirty-rich are gaming the system [1] https://news.ycombinator.com/item?id=11843477 https://news.ycombinator.com/item?id=11843477
AFAIK the vast majority of people "exposed" in the panama papers are not violating any laws. Perhaps the real solution is for governments to consider more competitive tax codes?
>and what's wrong with shaming them in public?
Nothing, it's just not something most people would be particularly ashamed of.
- tmptmp 10y ago>>Do you have any statistics to support this? I guess, you have forgotten the Volkswagen fraud, the Goldman Sachs fraud and the Lehman brother, and so on. In case of the Volkswagen criminal offense plus fraud, the CEO was awarded hundreds of millions of USD as a reward instead of any punishment. In this case, a punishment like the one mentioned above should be handed over to all guilty including the CEO, the top management and the large shareholders too. They should be publicly ashamed and then stripped of all their money and be allowed to work only menial labour.