this post was submitted on 12 Oct 2023
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Putting people in jail is a deterrent. You do that and rich people start thinking very hard about breaking the law like that because suddenly itโs very much not worth it. They are already rich, losing a few mil is annoying but going to jail is devastating, especially when itโs so easily avoidable.
And now the rich are paying more taxes and so you make more money. Catching and convicting people of fraud isnโt exactly cheap either, and donโt forget that not everyone will be convicted.