It depends on what we're talking about. If a person stole money then they should have to pay that back with reasonable interest. So that wouldn't be tied to how much money the person has, they're basically giving back what they took.
If it is some other crime that can't be handled by simply giving the money back you could just scale up the costs, for example. E.g. if you make $1m/yr, then the penalty is 90% of your earnings. If you make $10m/yr, it's 99%.
Just brainstorming. I don't know what the proper solution is, but looking people in a cage seems crazy to me.
If a person stole money then they should have to pay that back with reasonable interest.
What if I attempt to steal money, but fail? Do I get to walk away unpunished?
they're basically giving back what they took.
What incentive is there then to not try to steal? Best case scenario I retire on a tropical island with tens of millions in the bank. Worst case scenario I end up more or less where I started and can just try again next week.
if you make $1m/yr, then the penalty is 90% of your earnings. If you make $10m/yr, it's 99%.
What if I make $50k/yr according to the IRS, but have millions stashed away in hidden bank accounts? Do I simply pay $5000-10000 and move on to my next crime? You're basically describing a system where there is essentially no downside to white-collar crime unless you are monumentally stupid.
If it is some other crime that can't be handled by simply giving the money back you could just scale up the costs, for example. E.g. if you make $1m/yr, then the penalty is 90% of your earnings. If you make $10m/yr, it's 99%.
Just brainstorming. I don't know what the proper solution is, but looking people in a cage seems crazy to me.