No, not good. $116k is a ridiculous fine for tailgating. Fines should be at least partially related to the damage or potential damage inflicted on the public. I'd be fine with sublinear scaling but straightline increasing a fine ad infinitum is ridiculous. And/or the fine should be cut for the poor.
I think there's a big difference between what people say (the poor shouldn't be massively overburdened by a traffic fine, which most people would support), and what many advocates of these policies are actually motivated by (make the rich pay reeeee), which is silly schadenfreude I won't support.