Consequences to all of his actions! This is the way to raise a child and have them learn right from wrong. So if he breaks something, he has to work to pay for it to replace it or has to fix it. If he does something wrong, he has to do something to fix the situation that is right. Maybe your parents should take him to see a child psychologist or a child psychiatrist to see if they can get him some sort of counseling. Family counseling may be able to help. Suggest to your parents to take him to the pediatrician and let them see his behavior. Maybe they might be able o help. Your brother is behaving badly to get the attention he wants, so he needs to have some one on one attention from maybe your dad or you or your mother to do something that he want to do. Maybe go kick a ball around or play some board games or something. But he has to be able to tell you all what is bothering him and why he is acting this way. Children will act out to get the attention they crave. Whether it is good or bad attention, kids don;t care, as long as they are center of attention. Also kids needs to have a schedule at home to follow by with punishments or consequences to follow through with if they don't abide by the rules. Doing chores around the house to feel important and being able to contribute to the household is very important. Your parents have to be very strict about this. Helping each other out will be beneficial for everyone. Why are you on here asking for help instead of one of your parents? There are agencies such as the regional children' s centers who will help with behavioral or family problems if they feel that you are in need of help. Making everyone work for their stuff that they want or whatever by helping around the home is a very good place to start because it will teach the kids responsibilities. I hope this helps your family out. Good luck.
Also, you don't need new ways "to punshment".
This is your brother. Not yours to punish. I really sense that your family has a very upside down dynamic as far as power goes, and you have more power than is acceptable.
Why is your family telling him to be "good" or he'll get "tookin away"?
Why threaten a small child that someone will come take him if he doesn't follow the rules?