Sorry, Mystery Thief: You’re No Ethics Hero

In fact, you’re still a thief.

That C-note isn't worth the $20, Mystery Theif. Nice try.

The UPI reported that an elderly Seattle man who stole money from a store more than 60 years ago “returned it last week — with interest.”

Aw. Except he didn’t.

The manager of a downtown Sears store says the man handed over an envelope containing a hundred dollar bill and a note to the customer desk, reading..

“During the late [1940s] I stole some money from the cash register in the amount of $20-$30. I want to pay you back this money in the amount of $100 to put in your theft account.”

I’m not impressed. He’s had the use of the money for more than 60 years, and now he’s financially secure, so he thinks he can make everything square and clear his conscience. He can’t. Theft is a wrong when it occurs, and unless it is voluntarily undone before any consequences result, there is no going back that clears the ethical slate. But this guy didn’t even try very hard. According to the useful calculator you (and he) can find here, the current day worth of $20 in 1948 is…

    $181.0  using the Consumer Price Index
   $153.00 using the GDP deflator
   $309.00 using the unskilled wage
    $375.00 using the Production Worker Compensation
    $510.00 using the nominal GDP per capita
   $1,080.00 using the relative share of GDP

…and that’s without interest.

So now he’s stealing brownie points.

(By the way…nice work, UPI. Was it really such a stretch to check out the “with interest” claim?)