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this post was submitted on 07 Dec 2024
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Showerthoughts
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To clarify, I meant national average. As in, an average American makes 40k a year, white collar crime 1 mil, get 25 years since that's how long it would take an average American to get 1 mil.
Just seems like the poor get punished, while the rich don't.
Well,technically you're wrong.
Punishment is simply the flip on reward. You could say they get "negative punishment" but no one wouldn't mistranslate that shit.
They are simply rewarded is probably better, or shall I say, more accurate...
FYI, the median personal income for a person working full time, year round is just above $60,000 in the US, so 1 million dollars of crime might only deserve 16 years, 8 months.
JPMorgan Chase has paid out $30,000,000,000 in fines over the last 20 years or so. That means if you apply similar logic to companies, their executive team owes up to 500,000 years in prison collectively, which is only 3,000 years per member of the senior leadership team.
Source on median income pls?
US Census seems to put it at ~42k/year
I would swear I've seen an annual figure, but I'm not finding it.
https://www.bls.gov/news.release/wkyeng.t01.htm shows the weekly figure, and $1165 times 52 fits with $60k/year. Sorry I don't have a nicer is source
If you want people to see this comment, I'd recommend updating your post's body with such types of clarifying information instead of adding the information as a comment. This comment of yours was buried down towards the end of the comment section for me.