Comment: The problem is that

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The problem is that

The problem is that technically, the Enron executives didn't do the crime. "Enron" did the crime. And "Enron" doesn't realy exist. There isn't one or two owners; it is all the shareholders. Enron executives just work for the shareholders.

You could punish the shareholders, but they could legitimately argue that they had no idea such fraud was going on (especially since the vast majority got taken for a ride). Although from a free market perspective, this would work very well. If the law came after investors who invested in a company that engaged in fraud, you'd see companies that weren't clean drop like flies.

Even if you end up punishing Enron the company, you don't change behaviour. Enron loses some profits (to pay the fines), but executives keep all the millions they've made in the scam. Shareholders get scared off, but why would the executives care about the value of the stock? They already have their payday.

Fundamentally, executives are gambling with the money of shareholders, who are too stupid to realize what is going on. Moreover, investors nowadays are ridiculously short-sighted...they'd rather support an executive group that gives them a year or two of triple gains before a crash than a group that builds a company slowly but surely.

Plan for eliminating the national debt in 10-20 years:


Specific cuts; defense spending: