4 ms·
Sending rich people to jail is the only real punishment, because fines don’t matter for rich people and large corporations. ING was fined almost a billion euro
by FranzFerdiNaN 8y ago
Sending rich people to jail is the only real punishment, because fines don’t matter for rich people and large corporations.
ING was fined almost a billion euros in the Netherlands for willfully and knowingly laundering money for many years. A month after paying the fine they already made enough profit to have earned back that money. So who cares about the fine? It’s just the price of doing things.
Same with fines for rich persons. Who cares about a fine for parking in the wrong spot if it is the equivalent of 10 minutes work. But if you’re poor that fine represents perhaps a whole working day, which is a lot, and thus fines work for poor people.
The solution is of course to make fines depend on your income and wealth. So Jeff Bezos will pay 10 million for a traffic ticket, and Joe Schmoe who earns minimum wage perhaps 50 dollar.
- orblivion 8y agoIt depends if the fine is commensurate with the damage done and goes toward correcting it. That may arguably be the case for parking tickets. It could just as well act as a convenience fee for rich people.
- slededit 8y agoIts pretty clear that America is the country it wants to be despite protests to the contrary.