However, if you are into some type of power exchange role play, there are still a million different ways of going about it and the rewards and punishments will reflect the way you play. In my relationship, we never use punishments to deal with real world issues. Not that it happens often, but if we are upset with each other for some reason, a "punishment" is not the way to deal with it, talking is.
In the world of role play, there are punishments that I would consider fun and ones that are a bit less so. I can get punishments for real infractions, such as not washing the dishes, or just at her whim. Same thing goes for rewards. Some things seem like punishments and rewards at the same time. Discussing general likes and dislikes, as you do, can help outline what you want done to you, but it is more important to discuss what she is getting out of the role play and if there is anything she desires and not to only talk about your fantasies.
Having said that, punishments that I have had inflicted on me include:






Rewards - Most of my rewards include me making her cum, though it is a bit of a punishment also.
The main thing is that we do not overdo any of the above; most of our fun time together is doing things like eating out, going to the corner bar, and watching movies.
As far as jail goes, I mostly agree with Sarah's prison as a last resort point of view. However, I disagree about the paying of reparations as a way to avoid jail. Then poor people who cannot afford reparations are punished more than rich people.