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by plagiarist 109 days ago
I would like crimes to have consequences that actually deter the culprits from committing them. A pittance fine for a company is not what I want to see. Let's have a small percentage of net worth fine on the owners instead.
1 comments
phyzix5761 109 days ago
For publicly traded companies the owners/shareholders are your grandparents, teachers, all sorts of regular people. You want to take a percentage of their already small net worth?
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plagiarist 109 days ago
Sure, let's go. Prorated in terms of their percentage of ownership, of course. Put them in jail for a few seconds as well.
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gruez 109 days ago
I'm sure it's a productive use of the already overburdened justice system's time to round up half the country, so they can sit in "jail" for a few minutes.
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cwmoore 102 days ago
Overburdened? Why do I hear this so often? The correct term is "underspec'd".
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plagiarist 108 days ago
No shit. Maybe we let everyone with only a few seconds to serve just walk free without pursing a case on them at all. The people owning 90% of all stocks can serve 90% of all the sentencing and that'd be fine enough for society.
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phyzix5761 107 days ago
10% of Americans own about 90% of stocks. That's 34 million people you would have to put in jail (possibly for a few seconds or minutes each) who have nothing to do with the decisions being made in these companies. Go after the executives instead.
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thwarted 109 days ago
This position that no wrongdoing or illegal action can be discouraged because someone has to eat, or because it's "regular people" who have accountability because of who they decided to have manage their investments is getting old. Accountability has been diluted so much that no one is accountable. What about the people who are harmed, the victims, your grandparents, teachers, all sorts of regular people. Nothing is going to get better if we're constantly looking for the most appropriate person to place blame on. Maybe people should be paying more attention to the things they invest in/own.
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phyzix5761 108 days ago
Most people have no idea what they're invested in. Most are invested in mutual funds through their work or 401k. My point isn't that we shouldn't hold people accountable. My point is that going after owners/shareholders is not the solution we want because it hurts people who have nothing to do with what happened. We need to go after executives.
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thwarted 108 days ago
Once people are impacted, maybe they'll start paying attention to what they're investing in.
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