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I disagree with the notion that the penalty for white-collar crime should be strictly proportional to how good you are at that brand of crime. In a world where
by trjordan 8y ago
I disagree with the notion that the penalty for white-collar crime should be strictly proportional to how good you are at that brand of crime.
In a world where people occasionally steal $100m, that implies a maximum sentence of ~1 year for stealing $1m.
- munk-a 8y agoI think you missed a big chunk of the OP's comment, if an average wage in the US is 60k then stealing 1m would be a sentence of 16 years 100m would be a 1600 year sentence by following the logic. It would be nice from the perspective of reducing the incomprehensibility from white collar crimes that net hundreds of millions of dollars though I'd be concerned about false charges... well, I'm generally concerned about false charges so we just need to fix our justice system, then such a scaling might make good sense. Just to briefly note, these crimes aren't victimless, people who pull these sorts of stunts are taking money out of someone's pocket, usually fraudulent stock maneuvers will end up negatively impacting retirement mutual funds, sometimes other white-collar crimes may be more impactful, prematurely issuing foreclosures deprives people of their household. In the former case the damage is spread around and less horrific feeling, but both are terrible.