And that’s exactly why the incidence of kidnapping plummeted in Italy once ransom payments were made illegal
The real value though is enough people consider themselves honest and won't do anything they know is illegal. They already hate dealing with criminals, but so long as paying is legal they might do it, but as soon as it affects their moral code they won't. The whole system collapses because just a few people saying no to paying means the kidnappers lose money on too many operations.
What I want to know is what exactly are the lawful repercussions for the person who paid.