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Zenith2017 t1_j9g1w0t wrote

I don't know if we have the data out there to prove it conclusively. If we do I'm not aware of it to be honest. But I do know that negative reinforcement in general doesn't work, and so I expect that trend to hold true for financial crime regardless of the severity of the punishment

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idioma t1_j9g7ikq wrote

That’s a fair point. From a policy position, the most effective approach would be to eliminate the conditions that make financial crimes a viable option. One major obstacle, however, is that the people who tend to have institutional access to large sums of money tend to come from a caste of society who obtained intergenerational wealth. Show me a wealthy family, and I will show you a list of crimes and human rights abuses that got them there.

When people in poverty run the streets and organize, our criminal justice system is almost indiscriminate in their application of violence. When you are poor and get money through illicit means, the police will kick down doors and shoot before they even consider reading you your rights.

When wealthy criminals empty the retirement accounts of an entire generation, their lawyers get a letter in the mail: politely asking them if they wouldn’t mind please, maybe consider, if they have time, to sit for a deposition, with a lawyer present. It’s obscene, and feeds into the idea that their place in society is above the law.

The basic theory of justice is that the state has a monopoly on violence. And this theory only works when it is applied equally for the rich and poor alike.

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