If it's agreed that the behavior is damaging, why allow it? If you take the slippery slope down, then you could simply pay off any negative behavior like rape or murder.
The slipper slope goes in the opposite direction too. All behavior causes damages (negative externalities) to someone somewhere, but we don't outlaw all behavior.
There is a pretty well developed theory of econ & law of when it makes sense to have financial penalties and when it makes sense to have criminal penalties. I don't think I could do justice to it in this comment box, but suffice it to say, "only criminal penalties, no financial ones" is wrong.
There is a pretty well developed theory of econ & law of when it makes sense to have financial penalties and when it makes sense to have criminal penalties. I don't think I could do justice to it in this comment box, but suffice it to say, "only criminal penalties, no financial ones" is wrong.