That sounds like something you’d read in a Facebook comment. This is government-sanctioned slavery, and I strongly doubt that it would serve as a deterrent. People routinely put much more on the line for much less.
Unfortunately government sanctioned slavery does still exist in the US prison system.
Ah then I trust you are completely aware that federal prisons already make prisoners work for their keep, and the privatization of prisons and their lobbying has led to a vicious cycle of imprisonment for cheap prison slave labor?
Of course, those prisoners aren’t billionaire healthcare CEOs, so maybe not…
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The US constitution explicitly allows for this (prisoner slavery) so there's that
There’s a lot of research of people for whom punishment obviously didn’t act as a deterrent, and unsurprisingly this research concludes that the prospect of punishment doesn’t act as a deterrent.
There is no research I’m aware of on people for whom the prospect of punishment did act as a deterrent (i.e. people who decided not to commit the crime).
So I argue that there is a very big selection bias in literature surrounding the effectiveness of punishment as a deterrent .