For example: private equity firms buying trailer parks and raising rents so high that people go bankrupt
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.
Wage theft, as in any participant goes to jail, not just a fine and restitution from the company.
We already have laws. One call the the state labor board and that employer is fucked. No one knows this so no one does it.
Lots of cases don’t end up with jail time. Just a slap on the wrist in the form of fines and restitution
Wage theft generally doesn’t come with jail time for individual cases, but employees should know their rights. I worked IT for a payroll company and we were serious as a heart attack on the subject.
For example, if I call the board and say my employer made me work 300 hours of unpaid overtime last year, I get that money if the employer can’t show signed timecards for every instance of my claim. This is automatic, does not require legal representation, guilty until proven innocent. And then your payroll company spikes your rate and worker’s comp insurance may even get involved. (WC insurance rates look at more than injuries. If they sense you’re a scummy employer, lots of turnover for example, up go your rates.)
So yeah, the punishment should be jail for egregious cases, but we already have laws people don’t know about or take advantage of.
Love it. Employee steals from the company and goes to jail. Company steals from employee and just has to pay a fine. Always seemed like bullshit to me.
Squirrel prostitution .
The fuck am I sposed to do with all these squirlyfans accounts?
Fap?
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.
Line by line:
This would basically kill all financial activity, even mom and pops who are, ya know, incorporated.
Guilty until proven innocent? We going there?
This part will never get corrupted. 🙄 It’s still workable and better than nothing!
Oh I like this part. Not seeing any downsides.
Victims generally are compensated. The main issue here is state and federal laws limiting damages using outdated thinking and/or static dollar amounts.
Again, we already do this, but it seems too many slide anyway.
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.
Good god. Just levy a 100% tax on personal wealth over $1B. Devil’s in the details though. As with your plan people would find ways to hide their money.
eat them.
But I want their tax money first. :)
Just delete it.
How about just a “most dangerous game” bounty?
Maybe we just capture them and eat their liver.
Because everyone knows the real money is in trailer parks?
Anyway my suggestion is: Any donation to any politicians campaigning must be displayed on their suit, just like nascar drivers show their sponsors so must politicians.
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.
Criminalize cops and prosecutors enforcing laws differentially based on the wealth of the suspects or victims.
I’d go one step further and eliminate qualified immunity. Give citizens the ability to bring charges against cops for violating any of their rights. If the cops can’t produce bodycam footage of the incident, it’s a default judgment against them.
Now you have to prove intent, notoriously difficult without a recording or confession. Most of the problem here lies with lack of legal representation, which is the prime difference in the rich and poor in the first place.
Start with the main perpetrators of course and criminalize underpaying
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Number too low. Unfortunately it’s pretty difficult to start something like a worker owned low income housing collective or even something like a car repair shop with just a measly million. Small business would grind to a halt and big business would eat everyone’s lunch.
Anyone who thinks a million dollars is a large number shouldn’t be participating in economic discussions. :)
We can no longer retire comfortably with a lousy $1M. After you pay taxes on your return and subtract inflation, you’re hovering around most state’s minimum wage.
