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this post was submitted on 10 Jan 2024
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So, I get where you're coming from here, but $25 million is still an enormous amount of money objectively. Obviously there isn't really a way to convert 44 years of incarceration into an equivalent financial denomination, but if we think about earnings that could be had in that time, $25 million by far covers it.
If this guy were to have a job paying $100k a year for his whole life, he'd be making well in excess of the average, and still only have about $6 million total earnings by the time they retire. Let's double it and assume he was making $200k a year for his entire working life, that's still only half the amount he was awarded. So this amount paid could be said to cover a lifetime of high pay, plus an equivalent amount in damages, plus a little extra on top for good measure.
It's proportionally correct. I bet lots of people would agree to a year in prison for half a million, but there's simply no amount that would compensate for half your life in prison. At least this is enough for him to spend the rest of his life doing whatever he wants.
Maybe I'd take the first year in prison for a half a million* but ask me again 1 year later, do you want to do a second year? No, I want 600k. Next year, 700k. 44 years? Honey, you can't afford it.
* I wouldn't, my number is higher than that.
I would agree to it with the caveat that it wouldn't be on my record. Otherwise, it would likely affect potential future earnings.
It's true, this is quite a lot of money for him to retire with now. Nothing makes up for the lost time but all he can do now is make the best of this and try to enjoy his remaining life.
In this comparison it wouldn't be on your record since this guy was innocent and exonerated so matching the situation you'd be clean too
Its the oportunity cost. All of the oportunities to have a normal life
Of course, hence why I said that it's not possible to convert incarceration time into money. Removing agency is to remove possibility to proceed however one sees fit. Likely he would have been financially poorer off, but life isn't a measure of worth by dollars. Only the most degenerate among us think that bigger numbers in various accounts equates to a good life.