Surely we can do better than that, right? Like I imagine for a white-collar rich boy capping his income at $55k+inflation which includes the monetary values of gifts and any income from debt has to be pre-approved [1] would be far far more devastating, less cruel, and less drain on society. And this lasts for x years or until he pays back the damages.

[1] so he could buy a car and house but not skirt the rule by using loans against an asset portfolio to make more "income" for himself.