Right, although I think that you should be able to stop razing (if something happened) and start razing not just immediately after capturing.
As stated before, I think the that military units should be able to 'pillage' a citizen (and buildings) per turn, which should probably net you some gold and unhappiness, ww, diplo. Maybe this should be limited to foreign ethnicities to provide for a kind of ethnic cleansing - a horrible concept but used throughout history.