This idea for a Citizen passed law would assign white-collar crime sentence equal to the equivalent of a violent crime sentence based on the Federal Government’s estimated value of a human life.
It doesn’t seem fair that people that commit “victimless” white-collar crimes can get off with such short sentences. These are not victimless, true, nobody is physically harmed, but there can be psychological impacts, and much more.
According to https://www.theglobalist.com/the-cost-of-a-human-life-statistically-speaking/
Back in 2011, the Environmental Protection Agency set the value of a human life at $9.1 million. the Food and Drug Administration put it at $7.9 million, and the Department of Transportation figure was around $6 million.
So, if we go big and say the value of a human life = $10M in 2019 (of course tie this amount the newer Government Statistics) then a while collar crime of that dollar magnitude should carry a prison sentence equivalent to a sentence for killing a person. Since these crimes are per-mediated, the sentence should also match a 1st degree murder sentence. For financial crimes above and below $10M, the sentence could be prorated accordingly.