...is that you might end up saying silly things like this:
One argument made against fines is that they are immoral because, in effect, they permit offenses to be bought for a price in the same way that bread or other goods are bought for a price. A fine can be considered the price of an offense, but so too can any other form of punishment; for example, the "price" of stealing a car might be six months in jail. The only difference is in the units of measurement: fines are prices measured in monetary units, imprisonments are prices measured in time units, etc. If anything, monetary units are to be preferred here as they are generally preferred in pricing and accounting.
Optimal fines determined from equation (29) depend only on the marginal harm and cost and not at all on the economic positions of offenders. This has been criticized as unfair, and fines proportional to the incomes of offenders have been suggested. If the goal is to minimize the social loss in income from offenses, and not to take vengeance or inflict harm on offenders, then fines should depend on the total harm done by offenders, and not directly on their income, race, sex, etc.Gary S. Becker, "Crime and Punishment: An Economic Approach," The Journal of Political Economy, Vol. 76, No. 2. (Mar. – Apr., 1968), pp. 194–195.
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