In the UK, going 10 MPH over the speed limit costs you 75% of your weekly wage

moneyhelper.org.uk

3 pointsl4mp15 comments

For context, https://www.ons.gov.uk/employmentandlabourmarket/peopleinwor... says average weekly UK earnings are £643 (£33,436pa), or £689 (£35,828pa) including bonuses.

Sure, but the fines are progressive, aka proportional to an individual's income.

~10mph over the limit = 75% of your weekly income.

~25mph over the limit = ~150% of your weekly income.

Losing a week's wage to someone near the poverty line is a big problem. Losing a week's wage to a high roller ... not such a problem.

I think it should include + ((weekly income)^2)/N because R > G.

Yeah, and if you want to know how this would affect an average person, you need to know how much they earn, right? And it probably feeds into the counterfactual of what the fine would be if it wasn’t linked to income.

If we had this law in the US no rich person would have to pay any fines since they all reduce their income to $0 through tax and payment loopholes.

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