The fact that a person can spend a life in jail without having physically hurt another person is grotesque, though his case is obviously not the most egregious.
Enh… I don’t think I agree. Financial fraud can do serious harm.
I’m also not sure why there’s a sense that the crime has to be violent to deserve such a sentence. Imagine if I methodically went house to house, ensuring everyone was safely out of it, and then liquidated the house until there was naught but a hole. And I did that thousands and thousands of times.
Consider the alternative. In an environment where prosecution can merely inconvenience the perpetrator, every action is just the basic math of “gain - (penalty times chance of getting caught)”.
We already see that calculus in many corporate wrongdoings. It is not beneficial for the rule of law.
That is a false dilemma between 'a life in jail' and 'merely inconvenience'. For non-violent but severe crimes, single-digit years in jail seems to me as adequate punishment. Severe enough to blow away rational calculation, but not life-destroying.
Just because they don't directly wield a knife, hammer, or gun and personally extract blood does NOT mean that insufficient damage is done.
A number of the victims of Madoff's fraud committed suicide. Sure, Madoff didn't pull the trigger.
But he sure as hell enticed them to put their life savings with him, and when they were retired, had no real prospects of any new income, and were suddenly destitute with no hope of recovery, Madoff sure put them in that utterly hopeless situation, with the same end result as if he had pulled the trigger.
As they say: "If you can't do the time, don't do the crime.".
Many people are relieved and rightly so, that Madoff spent the remainder of is days and died in prison.
Some of the people he has hurt financially will no longer be able to cover medical expenses or rent. It'd be unsurprising if some number of people he impacted commit suicide over losing their life savings.
He has physically hurt people. There will undoubtedly be a body count which can directly be associated to SBF's actions.
For most people, money is quite literally their time, as they have to spend their time working for it. And since your life consists of nothing but time, time is just partial life.
He have made lots of people losing years of their life. It’s fair for him to lose his.
Enough money is worth a life. Eg when building high way safety features the engineers typically do some cost-benefit analysis that assumes a life is worth about something like 6 million USD (in the US).
Sorry, but that is a guideline not a fact. That is something we use to decide when we stop engineering something. If it was literally true then I should be able to just buy a human life or avoid a murder sentence with a fine.
Morally, hurting people is categorically worse than stealing money.
Regarding number 1 - in many countries, you still can! It used to be in the US you could too no problem, for both. Doesn't take going back very far in almost any country for it to be true.
Regarding number 2 - what happens when the money you steal was necessary for someone to survive, or causes such disruption and heartache to enough people, it adds up to more than if someone died?
Right now, things are abstracted enough, we just can't see the actual impact of these large frauds. But it's not uncommon for someone to commit suicide, marriages to end in divorce, kids to be severely impacted (sorry, no College fund for you anymore!), etc.
> Morally, hurting people is categorically worse than stealing money.
I Would rather be a victim of violence whose effects disappears after week (i.e. no long-term effects) than victim of theft of money equal to my yearly income.
I actually think the opposite: people commit huge frauds, stealing money that could have saved 100s or 1000s of lives, and then get suspended sentences.
Ironically for SBF, Effective Altruism itself equates such actions with murder (or at least manslaughter). And his actions were culpable too. This was not an accident or a misunderstanding or human error or bad luck. He stole (and squandered) billions.
