U.S. Files Criminal Charges Against Theranos’s Elizabeth Holmes, Ramesh Balwani

Post by lokedhs » Sat, Jun 16, 2018, 5:30 AM UTC

vincentmarle wrote: post #340

tluyben2 wrote: post #312

Earlier quoted context omitted.

Losing your license is a major deterrent as well: as someone who finds driving a waste of time I cannot understand why rich people do it, but they do and they get extremely upset if that privilege is taken away. So 3 times and you lose your license for life? That would solve the reckless behavior and cannot be fixed with money. Ofcourse for less well off people this would be very bad (maybe not being able to go to wo…

> That would solve the reckless behavior and cannot be fixed with money. I knew a rich person once with a drinking problem: he kept losing his license but his solution would be to just hire a private driver the next day.

Post by tluyben2 » Sat, Jun 16, 2018, 5:49 AM UTC

vincentmarle wrote: post #340

tluyben2 wrote: post #312

Earlier quoted context omitted.

Losing your license is a major deterrent as well: as someone who finds driving a waste of time I cannot understand why rich people do it, but they do and they get extremely upset if that privilege is taken away. So 3 times and you lose your license for life? That would solve the reckless behavior and cannot be fixed with money. Ofcourse for less well off people this would be very bad (maybe not being able to go to wo…

> That would solve the reckless behavior and cannot be fixed with money. I knew a rich person once with a drinking problem: he kept losing his license but his solution would be to just hire a private driver the next day.

Post by glangdale » Sat, Jun 16, 2018, 5:58 AM UTC

ryan-allen wrote: post #325

dghughes wrote: post #303

Earlier quoted context omitted.

Even speeding tickets or anything most normal people would find a burden are nothing to super rich. But making few days in jail mandatory is a major deterrent. Then again even people texting and driving are not swayed by fines. In my region of the world a $3,000 fine is not a deterrent to many people. I say jail time would change that attitude.

In Australia we have 'demerit points', so if you rack up enough of them, you can lose your license, which takes away your right to drive a car. If you drive without a license and get caught, you have no insurance and you can go to jail as it's considered contempt of court. So the fines are no big deal to the rich here, but the right to drive is incentive enough to stop being an asshat.

Post by wp381640 » Sat, Jun 16, 2018, 6:00 AM UTC

gwicks56 wrote: post #215

icelancer wrote: post #172

Earlier quoted context omitted.

>> The short answer is her Jobs-like "reality distortion field" -- she was exceedingly good at convincing non-scientists that their science worked. This confuses a lot of people (not saying you are one of them), but this is really common in intelligent non-experts. People vastly overestimate how intelligent they are when they place value on their intelligence; in other words, they like thinking they are smart. When t…

That's why, when you read the memoirs of conmen, they always say educated, intelligent people are the easiest to rip off.

Post by [deleted] » Sat, Jun 16, 2018, 6:11 AM UTC

dghughes wrote: post #303

mhneu wrote: post #238

Excellent news for American society. “The Chickenshit Club” by Eisinger recently explained why the lack of criminal charges had emboldened white collar crime. Basically, individuals need to have the risk of criminal charges if they do something very egregious - they need to have skin in the game. The US Justice Dept has in the past two decades largely only been fining corporations. And so companies estimate risk and…

Even speeding tickets or anything most normal people would find a burden are nothing to super rich. But making few days in jail mandatory is a major deterrent. Then again even people texting and driving are not swayed by fines. In my region of the world a $3,000 fine is not a deterrent to many people. I say jail time would change that attitude.