Punishment for financial crimes should be proportionate to the average yearly income.
Punishment for financial crimes should be proportionate to the average yearly income.
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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To clarify, I meant national average. As in, an average American makes 40k a year, white collar crime 1 mil, get 25 years since that's how long it would take an average American to get 1 mil.
Just seems like the poor get punished, while the rich don't.
FYI, the median personal income for a person working full time, year round is just above $60,000 in the US, so 1 million dollars of crime might only deserve 16 years, 8 months.
JPMorgan Chase has paid out $30,000,000,000 in fines over the last 20 years or so. That means if you apply similar logic to companies, their executive team owes up to 500,000 years in prison collectively, which is only 3,000 years per member of the senior leadership team.
Source on median income pls?
US Census seems to put it at ~42k/year
I would swear I've seen an annual figure, but I'm not finding it.
https://www.bls.gov/news.release/wkyeng.t01.htm shows the weekly figure, and $1165 times 52 fits with $60k/year. Sorry I don't have a nicer is source
If you want people to see this comment, I'd recommend updating your post's body with such types of clarifying information instead of adding the information as a comment. This comment of yours was buried down towards the end of the comment section for me.