HN has this fantasy of $10k speeding tickets. In reality it's gonna look like 100mph speed limits, $100 fines for you and $10 fines for your nanny.
Usually.
>Perhaps a more sophisticated society will one day know our fears and punish us accordingly (cue film script).
That was a plot line in 1984 and IMO flies in the face of equality under law.
If you have money to light on fire you can hire attorneys to delay, appeal, etc. Eventually, it will catch up.
https://www.theatlantic.com/business/archive/2015/03/finland...
But then literally no court anywhere in the world would agree that a $1BN fine for speeding is "punishment fitting the crime". It's just not.
Like, I like idea in general, but there will ways be people immune to it. Like others have said - the only real punishment is time. And not even necessarily prison - just make a CEO do 300 hours of community service, see how that works out.
We're inadvertently about to make the dystunction of our legal system everyone's problem, which is when you'll see change.
Where I live, that's what you pay when you drive 10mph too fast.
I like you. This is good.
I imagine someone has already thought of this from a tax point of view.
Maybe some % of their net worth divided by their age (working age?) - say if they have 100 million dollars and are 60. 60-18 = 42. We would fine X% of 2,380,952.38? The idea being an attempt to come up with what their yearly salary could have been based on current value.
I am sure there are some excellent flaws with that approach as well.
Fun to ponder.
Calculation is based in your total income (including capital income). Most rich people would be affected due to capital income.