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Economist on "Fining Murder"

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People have an easier time rationalizing their decisions when they can do so with a number value, since we are saturated with prices and costs we develop an intuition for money. People don't know what it's like to lose their freedom and be locked in a box for years, but they know what it is like to get fined for a speeding ticket. Would introducing a high fine for murder that affects both assets and income reduce murders? We can determine the fine through socioeconomic class just like we do taxes.


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