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This is why financial crimes above a certain value, say $2M, need to be CAPITAL offenses. I know this sounds crude. To bankers, and other white-collar types,
by aj7 7y ago
This is why financial crimes above a certain value, say $2M, need to be CAPITAL offenses. I know this sounds crude. To bankers, and other white-collar types, cruel and unusual. But for these highly educated types, used to calculating probabilities, we have to add the possible risk of unlimited loss. For the already affluent possible scofflaw, this would act as a powerful deterrent.
- Gibbon1 7y agoI wouldn't go that far but I think minimum jail time of 1 day per $1000 would be 'fair enough'. $2M would net you five and a half years in jail.
- Zhenya 7y agoThis is brilliant. Let the criminals do the math and figure out what their time is worth. In this case 500k for 4 months is a joke.