Several countries use a dayfine system, we in Sweden have used dayfines since 1931, Finland since 1921, Germany since 1969, There are a few more countries using the system, but I could not quickly find any historical data about them.
A percentage of income still isn’t equitable though.
If you’re destitute a week’s income means you starve.
If you’re a millionnaire a week’s income stings bit doesn’t affect much.
If you’re a billionnaire there is a good chance you don’t technically have an income, and if you do you can lose half of your wealth without feeling it.
This is true, but you could still have a progressive fine. Very good point with the billionaire, though. They live in a completely different world, in terms of how their wealth flow works. Still, it seems like an alternative fine system could be worked out that would hit them hard.
The real solution is to remove the classes so high above everyone that the rules don’t apply. This is a difficult problem only because we’re talking about people who are so ludicrously wealthy a fine for literal hundreds of millions of dollars wouldn’t make them homeless.
I agree. John Oliver once referred to billionaires as something like a bug in the structure of the system, and I wholeheartedly agree with that analysis. Unfortunately, they’re a bug that’s not so easily dislodged. Until then, designing systems that are able to deal with their existence is the best way to deal with them.
The billionaire might not feel it, but the money gained could be significant for all sorts of good things that help lift the burdon of the lower class.
That’s why a percentage of income should be the fine. Like the porsche man who got a $400000 fine. Rich prick wasn’t laughing all of a sudden.
Several countries use a dayfine system, we in Sweden have used dayfines since 1931, Finland since 1921, Germany since 1969, There are a few more countries using the system, but I could not quickly find any historical data about them.
Dayfines are great and should be used globaly.
Just out of curiosity, how does that work for foreigners, they would only be able to tell the income of citizens would they not?
A valid question, I unfortunately does not have an absolute answer as I don’t know, but we can speculate…
There are only two ways I could see this done.
Ask the foreigner’s government for documentation on the subject.
Ask the individual in question for proof of their income.
A percentage of income still isn’t equitable though.
If you’re destitute a week’s income means you starve.
If you’re a millionnaire a week’s income stings bit doesn’t affect much.
If you’re a billionnaire there is a good chance you don’t technically have an income, and if you do you can lose half of your wealth without feeling it.
This is true, but you could still have a progressive fine. Very good point with the billionaire, though. They live in a completely different world, in terms of how their wealth flow works. Still, it seems like an alternative fine system could be worked out that would hit them hard.
The real solution is to remove the classes so high above everyone that the rules don’t apply. This is a difficult problem only because we’re talking about people who are so ludicrously wealthy a fine for literal hundreds of millions of dollars wouldn’t make them homeless.
I agree. John Oliver once referred to billionaires as something like a bug in the structure of the system, and I wholeheartedly agree with that analysis. Unfortunately, they’re a bug that’s not so easily dislodged. Until then, designing systems that are able to deal with their existence is the best way to deal with them.
The billionaire might not feel it, but the money gained could be significant for all sorts of good things that help lift the burdon of the lower class.
Was just about to say this, too. Fines are totally great if they’re a percentage of your wealth.