Would the US economy really enjoy the situation where an entire generation was suddenly enslaved in mortgaged indenture to the record labels?
If each individual can confess and be fully liable (specifically with no out-of-court settlement possible) for 100 tunes x $150,000, that's $15m per head, can the US GDP take a hit of $15 trillion and see it end up in the labels' pockets?
The whole point of this exercise would be to call the law's bluff.
The people effectively say "If we're all such criminals, then rather than see 500 of our number hung drawn and quatered every 6 months as a lesson to cow the rest of us, we will stand united - prosecute us all or change the law!".
In some ways the RIAA is stabbing the unsightly nose of the US with a toothpick as if to demand it be less obnoxious. It's time the nose turned and said "Get your bloody knife out and cut us off once and for all, or quit poking and accept us".
One hopes the US government would quickly grab the RIAA's knife the moment it realised it was about to become permanently disfigured and a laughing stock of the world.
The law is created by the people for the people. The quickest way the people can get an unjust law changed is if they unite in being subject to it. Lobbying by interested parties or victims with deeper pockets will take a long time to obtain change.
All you need is a carefully worded affidavit (or whatever) that remains invalid until it has at least a million signatures - ideally something that can be signed online. Each confessor is equally liable for the full penalty ($15m each) or nothing at all. 100 copyrighted files can also be provided via BitTorrent just to ensure each individual's culpability.
This strategy might just help prevent another 500 families from being financially wrecked.
What do you reckon?"