Should parents be held legally liable for their teenagers acting ridiculous?

For example.



All these teenagers coordinating mass theft spree’s stealing hundreds of thousands of dollars or even millions of dollars worth of goods/merchandise from businesses, forcing those businesses to leave those cities. Taking away the ability for good law abiding to not only seek employment with those said companies but also purchase their goods.



When I see these kids doing this reckless bull crap, the first thing that comes to my mind is “where the hell are their parents?”
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Should parents be held legally liable for their teenagers acting ridiculous?
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