Sunday, April 26, 2015

Why a man in Finland was fined $58,000 for driving 64 mph in 50 mph zone.

Because he's a millionaire, and fines are calculated based on your wealth, so everyone is equally pained by the punishment and equally deterred.
Given the speed he was going, [Reima] Kuisla was assessed eight days. His fine was then calculated from his 2013 income, 6,559,742 euros, or more than $7 million at current exchange rates.

Someone committing a similar offense and earning about 50,000 euros a year, or $54,000, none of it capital gains, and with no young children, would get a fine of about 345 euros, or about $370. Someone earning 300,000 euros ($322,000), would have to pay about 1,480 euros ($1,590).

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