Thursday, March 02, 2006

The $92 Million Heist

This article is concerning a huge man hunt for the gang in England that stole over $92 million dollars. The gang, dressed as police officers, kidnapped a cash depot's manager and his family at their home. The gang then forced the manager to give them access to the depot. What is interesting is that there has been a massive man hunt for the gang members and how much it is costing the police. When these people are brought to court they will be charged with kidnapping and stealing the money. What about the money that it takes to find them? What about the money it takes to house the prisoners? What about the money that it takes to try the prisoners? Should this be taken into account? The government must be spending millions of dollars on just finding these people and prosecuting them, should the criminals be charged for this amount also. I think that these people should also be charged for the money that the government has to spend on them, due to the fact that if they got a real job and didn’t partake in kidnapping and bank robbing, that the government could have spent this money differently. Be it for better police training, community action services, or otherwise.

1 comment:

Dock said...

This situation goes all the way back to the first week of class. A question was posed, "How many cars should I steal?" In this case, the robbers asked themselves, "Should we steal from the cash depot?" Apparently, the answer to the question was "yes." The criminals found that the marginal benefit of stealing was greater than the marginal cost. Likewise, the cops find that the marginal cost of finding and booking the criminals is less than the marginal benefit of the money that they save from having to find the criminals again after they commit another crime, stealing even more money. I agree that all of these costs should be taken into account and I think that the people involved also agree, otherwise there would be so issue at all.