this post was submitted on 07 Dec 2024
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Showerthoughts

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Punishment for financial crimes should be proportionate to the average yearly income. (lemmy.world)
submitted 2 weeks ago* (last edited 2 weeks ago) by Lupo@lemmy.world to c/showerthoughts@lemmy.world
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I.e. 100k embezzlement gets you 2.5 years

Edit.

I meant this to be the national average income (40k if I round up for cleaner math), not based on the individuals income, it's a static formula.

Crime$$$/nat. Avg. Income = years in jail

100k/40k = 2.5 years

1mill /40k=25 years

My thoughts were, if they want to commit more crime but lessen the risk, they just need to increase the average national income. Hell, I'd throw them a bone adjust their sentences for income inflation.

Ie

Homie gets two years (80k/40k=2), but the next year average national income jumps to 80k (because it turns out actually properly threatening these fuckers actually works, who'd've figured?), that homies sentence gets cut to a year he gets out on time served. Call it an incentive.

Anyways, more than anything, I'm sorry my high in the shower thought got as much attention as it did.

Good night

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[–] NOT_RICK@lemmy.world 16 points 2 weeks ago (1 children)

Considering with many financial crimes the fine is less than the ill begotten profits, changing the fine from the current “cost of doing business” to an actual punishment is a matter of correcting a perverse incentive.

[–] JubilantJaguar@lemmy.world -3 points 2 weeks ago (1 children)

If the profits were ill-begotten then they should be paid back. Usually that's what happens, and it's a constructive form of justice.

But sending people to jail for years is just retribution. It's not a deterrent. If it were, then countries that jail people a lot would have less crime, when in fact the opposite is true. If people advocating JAIL! JAIL! JAIL! were honest with themselves, they would admit that their real purpose is just to make the culprits suffer. Okay, although personally I like to think we can be better than that. In any case, it's not gonna solve anything.

[–] KoboldCoterie@pawb.social 3 points 2 weeks ago

This thread is about financial fines, not jail time, but regardless, here's the 'The Formula' scene from Fight Club. This is effectively how it works in the real world. The money isn't paid back.