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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[–] Lupo@lemmy.world 4 points 2 weeks ago (3 children)

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.

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

Just seems like the poor get punished, while the rich don't.

[–] Chakravanti@monero.town -1 points 2 weeks ago

Well,technically you're wrong.

Punishment is simply the flip on reward. You could say they get "negative punishment" but no one wouldn't mistranslate that shit.

They are simply rewarded is probably better, or shall I say, more accurate...

[–] prime_number_314159@lemmy.world 2 points 2 weeks ago (1 children)

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.

[–] Brainsploosh@lemmy.world 4 points 2 weeks ago (1 children)

Source on median income pls?

US Census seems to put it at ~42k/year

[–] prime_number_314159@lemmy.world 2 points 2 weeks ago

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

[–] Kalcifer@sh.itjust.works 1 points 2 weeks ago

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.