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Small change by Western (or "Huawei boss") standards, but potentially a large amount of money by local standards -- this is a country where the average income p
by jpatokal 10y ago
Small change by Western (or "Huawei boss") standards, but potentially a large amount of money by local standards -- this is a country where the average income per year is under $1000.
But the issue is that, even if this compensation is judged fair (and there's not a whole lot of incentive for the perp to be fair...), without the criminal charge there's effectively no deterrent against this happening again.
Incidentally, in Finland most fines (including speeding fines) are computed as units of income. So a millionaire is still incentivized not to speed, because they might get hit with a $100k fine: http://news.bbc.co.uk/2/hi/europe/1759791.stm http://news.bbc.co.uk/2/hi/europe/1759791.stm
- ceejay 10y agoI've always been intrigued by how Finland handles this. I always had the impression there were probably "clever" ways to avoid this, by for example simply reducing income and increasing equity in the company they work for, etc. How precisely does Finland avoid the loop holes, if they do?
- Elhana 10y agoThere is another issue with this. When potential compensation is high, people start faking accidents to extort the compensation from drivers/insurance companies. https://www.youtube.com/watch?v=mqaig0nVcDs https://www.youtube.com/watch?v=mqaig0nVcDs