For example: private equity firms buying trailer parks and raising rents so high that people go bankrupt

Naked short selling

What are naked shorts?

Here's a pretty good explanation

https://marketrealist.com/p/what-is-cellar-boxing-in-stocks/

But in short, they decide to destroy a particular stock. They sell shares that they don't have, and then when the stock reaches zero and is delisted, they do not have to provide the stocks that they sold but never had in the first place

Isn’t that already illegal? Just need to close the loopholes I think.

It's happening constantly there's no enforcement. They have invented all sorts of mechanisms to continue the practice.

Having an MBA = Attempted fraud.

Financial obesity is neurotoxic, an existential threat to any society that tolerates it, and needs to cease being celebrated, rewarded, and positioned as an aspirational goal.

Corporations are the only ‘persons’ which should be subjected to capital punishment, but trillionaires should be forced to transition into billionaires, and billionaires should be euthanised through taxation.

Squirrel prostitution .

Wage theft, as in any participant goes to jail, not just a fine and restitution from the company.

Enforcement of your law would eliminate most of the crime. And really change the demographics of prison populations.

noooo

Restitution should also be inversely proportional to the annual wages of the victims. The closer to the poverty line they are the higher the multiplier.

Where can I vote for you?

not needed. just taxes. that is all you need. regulation do which is a criminalize type thing.

Love it. Employee steals from the company and goes to jail. Company steals from employee and just has to pay a fine. Always seemed like bullshit to me.

Make it a legal requirement for any indefinite revokable license product on sale to be sold as "indefinitely licensing". Any term implying irevokable ownership (I.e. buying, purchasing) would be illegal to use.

It would wisen a lot of people up very quickly to what's essentially a long-play con being pulled on them constantly, especially as some games companies *cough* Sony *cough* are looking to force digital-only ecosystems.

... And if being forced to use that term makes the companies doing this squeemish, well they could always just stop selling revokable licenses.

There are so many ways for the rich to evade taxes that new laws are definitely needed even if we finally decide to tax the rich.

Owning one red cent above $999,999,999.99 immediately triggers arrest and jail time of not less than 3 years in a federal faculty, and a seizure of all property above that amount.

Or maybe if you accumulate more than that amount, all of your property is immediately seized. You get an award ceremony and bronze medal held in a local park. A bench gets a plaque with your name on it. And you are left penniless in the park to begin the game over again.

How about just a "most dangerous game" bounty?

Number too low. Unfortunately it's pretty difficult to start something like a worker owned low income housing collective or even something like a car repair shop with just a measly million. Small business would grind to a halt and big business would eat everyone's lunch.

if they evade laws what keeps them from evading these other theoretical ones?

Criminalize cops and prosecutors enforcing laws differentially based on the wealth of the suspects or victims.

Maybe we just capture them and eat their liver.

I’d go one step further and eliminate qualified immunity. Give citizens the ability to bring charges against cops for violating any of their rights. If the cops can’t produce bodycam footage of the incident, it’s a default judgment against them.

I’m not opposed to having people who know how to run a business, but they should criminalize certain ways of running it. Any business practices that take advantage of workers or tax loopholes should be banned from teaching in business schools.

This law would 100% only be used against people organizing boycotts and informing people about factory farming.

Some areas to fix would be usury above certain interest rates (payday loans, mostly) and "health insurance" with high denial rates and soaring deductibles.

hoarding / stealing wealth

Like flipping over an odometer

Private equity buying up something and running it to the ground to sell for parts.

I don’t think it’s possible to criminalize it nor do I think that it’s the worse thing out there, but I think it should be illegal

wage gap, no income over a certain ratio between least and most income per company

and since we already have a minimum wage, establish a maximum wage

"Now try hardcore mode" and drop them naked and penniless in some slums. Let's see if the first rise to the top was a fluke.

This one really bugs me. I worked for a company that got bought out by private equity. They sold most of the real estate that the company owned to a company that the same private equity people owned, and then made the stores pay exorbitant rent for the property the used to own. Meanwhile, they sold pieces of the company until there was nothing left, and then closed all the stores. Thousands of people lost their livelihoods.

Unfortunately, standard playbook. Enraging

If you at any time hold assets more than, let's say $250 million, all of your property is seized and you get a iridescent credit card that says "I won capitalism". You can use it for $5k a day (growth linked to minimum wage) to do anything, and we'd offer a concierge service to rent mansions or yachts through a point system

My department would then be concerned with handling their investments to fund the program and reinvest what's left over in the form of grants (mostly to start and run small businesses with no repayment if certain metrics are met)

But mostly we'd be game masters. We'd keep the capitalism winners busy competing for prestigious (but meaningless) prizes. They want to fly people in for a party? You can pay their way with points to flex. You want to shake hands with the president? We'll run a point auction occasionally and have award ceremonies for the special winners

Otherwise, they can use the money however they want. They can play the games and compete with their "peers", or they could fuck off and live like a big shot...5k a day is a lot of money. And we're happy for them to use it, they can buy things and donate their remainder to anyone they want. They could let their entire family live in comfort and safety

But if they ever touch money, literally or figuratively, or fail to register into the system, they lose their freedom and are forced into our little summer camp games for a length of time determined by the offense

Silly as it sounds, we'd be literally saving the world

Corporations and businesses now have jail time.

The leading body of the business are each individually arrested for the duration of a full financial audit of their activities to insure that they've followed the law and acted in good faith.

The business itself will be lead by an established committee of financial ethics officers until the sentence is fulfilled.

All net profits, dividends, and financial winfalls of the company are forfeited to the federal government for the duration of the sentence.

After the jail time is served, 80% of all aforementioned incomes are garnished to repay victims for damages.

Any other criminal activities found during audits and operations are to be prosecuted individually.

The point is that the options they have now are currently legal

We already have laws. One call the the state labor board and that employer is fucked. No one knows this so no one does it.

Okay, but it better be cooked with onions.

Instead of going for a hail marry, why not do simple things that we know will work. Ban the industries that prey on the poor: gambling, pay-day/ car-title lending, rent to own anything, settlement-restructuring, and the practice of charging inmates rent. I'm sure there are plenty I forgot.

If you really wanted revolutionary policy, do something about compounding interest.

The moment you become a billionaire you're given a choice. Either you forfeit 70% of your current value to a fund that provides free school lunches, universal healthcare, and maybe UBI. If you refuse to donate 70% then you go to real, no shit, butt raping prison for 10 years where upon your release (if you survive) you will start over from square one with no money, no bank account, no car, no house, nothing but the clothes you wore to prison.

Line by line:

This would basically kill all financial activity, even mom and pops who are, ya know, incorporated.

Guilty until proven innocent? We going there?

This part will never get corrupted. 🙄 It's still workable and better than nothing!

Oh I like this part. Not seeing any downsides.

Victims generally are compensated. The main issue here is state and federal laws limiting damages using outdated thinking and/or static dollar amounts.

Again, we already do this, but it seems too many slide anyway.

Lots of cases don't end up with jail time. Just a slap on the wrist in the form of fines and restitution

Imagine you cut a pair of shorts out of a pair of pants, then you throw the shorts away and wear the remaining pant legs.

Can't remember the law, but something happened in 80s America that kicked this off.

Good god. Just levy a 100% tax on personal wealth over $1B. Devil's in the details though. As with your plan people would find ways to hide their money.

Now you have to prove intent, notoriously difficult without a recording or confession. Most of the problem here lies with lack of legal representation, which is the prime difference in the rich and poor in the first place.

This is brilliant and workable. "Purchasing" gets replaced with "renting". Love it.