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EscapeFromNY | 2 years ago

Why not?

https://www.theatlantic.com/business/archive/2015/03/finland...

> Finland, Home of the $103,000 Speeding Ticket

> Most of Scandinavia determines fines based on income. Could such a system work in the U.S.?

discuss

order

kodah|2 years ago

If you're factoring on income then the person is not rich. Rich people make their money on capital gains. Laws like that would just make the world eggshells for the rest of us and the people who can afford Ferraris wouldn't be bothered.

fnimick|2 years ago

Capital gains _should_ be counted as income. But that's a separate conversation.

The solution to "it's too hard to penalize the rich" isn't to give up, it's to figure out how they hide their real income and take that into account.

zirgs|2 years ago

Capital gains are taxable income in most jurisdictions.

xNeil|2 years ago

I'd assume not - the rich anyways hardly get large salaries (I'm sure they do, but the majority of the money they make is probably borrowing on equity).

duxup|2 years ago

That doesn’t seem like what the other person is proposing.