I would go so far as to say that white collar crime is the root of all evil in our society. Every violent criminal, every death of despair, it all can be tied directly to white collar crime.
White collar crime and the lax punishment of it allows individuals to accrue resources that allow them to lobby the government to change laws or bribe law enforcement to not enforce laws against them which allows to accrue even more resources and a feedback loop forms.
This sucks resources away from the system that could be used to enforce other laws against violent crime or even better prevent violent crime nearly entirely through properly funded social programs that stop people from growing up in the terrible conditions that lead to most violent crime in the first place.
If we took white collar crime as seriously as street crime, we’d see a ripple effect. Funds recovered from fraud and tax evasion could go to schools, healthcare, addiction treatment, and housing. Instead, we live under a system where accountability is only for the poor.
A simple and effective way to begin to mitigate white collar crime would be to scale all fines as a proportion of an individuals net worth. This, combined with a rapid escalation of the fine for re-offenders within a period of time (say 3-5 years) would at least begin to chip away at the ill-gotten gains of some criminals.
But I too am not optimistic about where this is all going. I have a terrible in the pit of my stomach that a lot of people are about to die because of the snow ball effect of unchecked corruption in America, and at this point I don't think there's anything that can stop it.
I just hope that there's enough left over to rebuild a more resilient system and that the world can oppose the authoritarians like China that will attempt to fill the power vacuum.
White collar crime and the lax punishment of it allows individuals to accrue resources that allow them to lobby the government to change laws or bribe law enforcement to not enforce laws against them which allows to accrue even more resources and a feedback loop forms.
This sucks resources away from the system that could be used to enforce other laws against violent crime or even better prevent violent crime nearly entirely through properly funded social programs that stop people from growing up in the terrible conditions that lead to most violent crime in the first place.
If we took white collar crime as seriously as street crime, we’d see a ripple effect. Funds recovered from fraud and tax evasion could go to schools, healthcare, addiction treatment, and housing. Instead, we live under a system where accountability is only for the poor.
A simple and effective way to begin to mitigate white collar crime would be to scale all fines as a proportion of an individuals net worth. This, combined with a rapid escalation of the fine for re-offenders within a period of time (say 3-5 years) would at least begin to chip away at the ill-gotten gains of some criminals.
But I too am not optimistic about where this is all going. I have a terrible in the pit of my stomach that a lot of people are about to die because of the snow ball effect of unchecked corruption in America, and at this point I don't think there's anything that can stop it.
I just hope that there's enough left over to rebuild a more resilient system and that the world can oppose the authoritarians like China that will attempt to fill the power vacuum.