Ask Lemmy

Wage theft, as in any participant goes to jail, not just a fine and restitution from the company.

Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

Naked short selling

Take away the concept of limited liability. Shareholders are responsible for the crimes the company they own commits.

This will create an insurance industry to protect shareholders and they would force companies to demonstrate compliance with regulations to keep premiums low.

If someone in the company committed fraud to deceive the owners then they can try to sue him. He can go to jail too if it's criminal.

Making it so owners are not responsible for the actions of the company that makes them money is why the system is broken.

Limited liability corporations were initially created for large public projects like bridges where the liability was too high to attract investors, but the public benefit was very large. Where is the public benefit now?

The fine for financial crimes needs to be in addition to whatever profit was made from the crime. If the punishment for a crime that gained $100 million is a $20 million fine, that's not a punishment that's just the cost of doing business.

Corporations and businesses now have jail time.

The leading body of the business are each individually arrested for the duration of a full financial audit of their activities to insure that they've followed the law and acted in good faith.

The business itself will be lead by an established committee of financial ethics officers until the sentence is fulfilled.

All net profits, dividends, and financial winfalls of the company are forfeited to the federal government for the duration of the sentence.

After the jail time is served, 80% of all aforementioned incomes are garnished to repay victims for damages.

Any other criminal activities found during audits and operations are to be prosecuted individually.

Owning one red cent above $999,999,999.99 immediately triggers arrest and jail time of not less than 3 years in a federal faculty, and a seizure of all property above that amount.

Or maybe if you accumulate more than that amount, all of your property is immediately seized. You get an award ceremony and bronze medal held in a local park. A bench gets a plaque with your name on it. And you are left penniless in the park to begin the game over again.

Squirrel prostitution .

Having an MBA = Attempted fraud.

Private equity buying up something and running it to the ground to sell for parts.

I don’t think it’s possible to criminalize it nor do I think that it’s the worse thing out there, but I think it should be illegal

No more externalized costs. Pollution? You pay the entire cleanup cost or straight to jail.

All companies employee owned not investor owned would be nice but for now - lowest paid employee no less than 1/4 the pay of highest paid employee, more than that considered financial fraud or extortion, straight to jail.

And oh my God, insurance companies - taking all the premiums, paying yourselves huge bonuses then going bankrupt, not paying claims, leaving the state then coming back as a different company, rinse and repeat? I cannot believe that doesn't break existing laws but that is our home insurance industry. Please put all of those guys in jail immediately and let us just all use a state run plan, it will be cheaper.

Make it a legal requirement for any indefinite revokable license product on sale to be sold as "indefinitely licensing". Any term implying irevokable ownership (I.e. buying, purchasing) would be illegal to use.

It would wisen a lot of people up very quickly to what's essentially a long-play con being pulled on them constantly, especially as some games companies *cough* Sony *cough* are looking to force digital-only ecosystems.

... And if being forced to use that term makes the companies doing this squeemish, well they could always just stop selling revokable licenses.

If the only tool available is criminalization, that's not enough. Financial violence preys on the lack of a guarantee of needs being met, so the best option would be to make some way to guarantee that. But some options are:

Make a "business license" system. If at any point a business commits any financial crime, like monopolization, price gouging, financial violence, etc, all the upper leadership is immediately sacked, and they are barred from running any other business, with serious prison time as punishment for dodging this ban.

Be brutal on monopolies and anticompetitive practice. If a company we've gets more than 70% of the revenue of their sector in a year, some of the company is sold off at auction. If it's shown that the company was using anticompetitive practices, the leadership is immediately sacked, loses any business license, and gets prison time.

Any company that provides a needed good or service (eg. food, housing, energy, internet, transport) has a profit cap. All their accounting must be publicly available, and if the profit or any leader's income is too high (number to be decided), this counts as a financial crime.

Criminalize cops and prosecutors enforcing laws differentially based on the wealth of the suspects or victims.

I would implement wealtg caps. Nobody van have a networth over 5 mullion. Any income over that goes 100% to taxes until they're below that limit again

Takes away the nasty incentives that come with allowing self enrichment without limits.

wage gap, no income over a certain ratio between least and most income per company

and since we already have a minimum wage, establish a maximum wage

It doesn't matter. The only reason the state has power is that capital grants it, the only reason capital has value is that the state protects it. The state and capital are interdependent and you can't use one to fight the other.

Instead of going for a hail marry, why not do simple things that we know will work. Ban the industries that prey on the poor: gambling, pay-day/ car-title lending, rent to own anything, settlement-restructuring, and the practice of charging inmates rent. I'm sure there are plenty I forgot.

If you really wanted revolutionary policy, do something about compounding interest.

Some areas to fix would be usury above certain interest rates (payday loans, mostly) and "health insurance" with high denial rates and soaring deductibles.

Every four years, people are asked to vote whether they like or dislike a bunch of randomly selected big companies

If the dislike is over 50%, the people in charge of that company are killed

Companies are not allowed to invest in advertisement, sponsor anyone, or purchase anything in the scope of improving their public image

This is a terrible solution, but i do not have the expertise or time to make laws that would fix capitalism