Comment by throw10920

Comment by throw10920 2 days ago

> Can you explain your views as to why incentives to harm the economy massively via fraud to benefit yourself need to exist?

I never said that I hold that view nor do I believe it.

Between you falsely ascribing views to me I do not hold and/or lying about my words, avoiding answering my question, and your emotional manipulation, it's clear that you're a troll and I don't have any need to respond to you beyond pointing out your logical fallacies.

gmd63 2 days ago

If you don't support the current punishments, which evidently don't deter the crime, what's your idea of how they should be strengthened to adequately deter financial crime? I'm not trolling.

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int_19h 2 days ago

I'm not OP, but the obvious question here is whether tougher punishments would be more of a deterrent given that this is something that hasn't been true in many other cases going way back.
In particular, there seems to be substantial evidence that, at least past a certain point (and we can argue whether we are at that point or not, but it's not something self-evident either), what matters more is how likely the punishment is to be applied than how harsh it is, so increasing it further doesn't really do anything productive, just provides a public spectacle.

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- gmd63 2 days ago
  
  I disagree. Trevor Milton, the Nikola Motors fraudster CEO will be out after a laughable four years. That's a complete joke.
  
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  int_19h 2 days ago
  
  Do you think he wouldn't do what he had done if the punishment for getting caught would've been worse?
  
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  gmd63 a day ago
  
  When people see Milton getting locked up for four years, it's in no way proportional to the upside of making out with thousands of lifetimes worth of average honest work. If others who had done similar crimes before him had received more severe punishments he may have chosen not to.
  That's not to mention the court's complete lack of concern for recidivism. Look at Bill Hwang. Slapped on the wrist for insider trading -> billions of dollars of later economic damage. Likely chance we'll see the same pattern of behavior from Milton. I'm generally for forgiveness and second chances, but not in the realm of steering thousands of lifetimes worth of honest economic influence.
  
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