Monday, April 25, 2011

Small Crimes Don't Pay but Huge Crimes Do Pay

link here to article

This article, posted in The Economists Voice, is about someone who went to prison under the 3 strikes law for stealing a slice of pizza. It contrasts the jail term with that of a convicted tax evader who stashed $4.9 million in foreign bank accounts and got caught. He had to pay back taxes and a penalty but only received 24 months of probation. The maximum penalty is advertised as 20 years in prison which certainly should act as a deterrent to tax evaders. Why not evade taxes if the worse thing that can happen is probation? On the other hand, avoid engaging in petty theft.

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