5 ms·

>Khosla is a multi billionaire. He could afford to pay a fine of $10,000 a day for the rest of his life. I believe that for a fine to be fair, it must be based

• pmoriarty 9y ago
  The actual income of many extremely wealthy people is pretty small to non-existant compared to their net worth (not even counting assets they may have squirreled away in secret accounts, under their family member's names, or other creative accounting tricks).
  • sillysaurus3 9y ago
    Is it? Even 2% interest on a billion dollars is $20M/yr.
• icantdrive55 9y ago
  The time has come. We need to tie fees/fines to income. There's a bill in California that, in all honestly, I don't know what's exactly in the bill. But it's trying to tie fines to income. Now--besides my laziness, I have felt the sting of fees/fines since I was a young man. It will be a miracle if it passes. We need it badly. This is not the America I saluted to.
• obstinate 9y ago
  The purpose of sanctions in a situation like this is to compel the recipient of those sanctions to do the court's bidding. They should just ratchet the sanctions up until he does what has been ordered. If ten thousand dollars won't do it, make it a hundred. If that doesn't do it, multiply it by ten again. Eventually he'll either comply or no longer have any assets. Either way, the problem will be solved.
  • KGIII 9y ago
    The law may only allow for fines up to a certain amount, no matter what a judge may want.
    • obstinate 9y ago
      If not fines, then imprisonment for contempt of court is a remedy judges have at their disposal. I'm sure it would not take very long for Kholsa to get the point.
      • tajen 9y ago
        I would dream of finally seeing those SWAT teams used for the benefit of public good. Please, local police, videotape the scene and underline it with "Nobody is above the law", that will restore a bit of the credit that police has lost...
  • HillaryBriss 9y ago
    in my dream-world, these hypothetical fines would be levied on Khosla, collected by the court, and then donated to an account controlled by Surfrider Foundation. then, in the near future, when the government eminent-domains the land, it would use that same money to make the payment ... not all of it, of course ... maybe 25% of it. the remaining 75% could go toward building a parking lot and some bathroom facilities for the public.
• kobeya 9y ago
  Except that the probability of some aspect of your self business running afoul of a fine goes way up as your net worth goes up.
• Gargoyle 9y ago
  In this case it could simply be a sizable fraction of the value of the land. Apparently he values this strip of access at $30,000,000 so that's where the fine should be based. Hey, it's his measure of the value.
  • zdkl 9y ago
    "The court seeks fines on the order of 1/365th of the terrain's value per day of continued denied access and will repossess the land in 1 year and 1 day if this ruling is not complied with" Schadenfreude all around.
    • seanp2k2 9y ago
      Yeah, repossessing the land seems the right course of action here for continued and blatant disregard for the law for so long. Monetary fines will do nothing against him, so take away something he can't buy (the right to occupy property). From the sound of it, he seems to have a "come at me bro" attitude towards the government and law enforcement, so this too would likely get delayed and fought indefinitely in courts. At the end when he loses, he'd probably just sell it somehow (for a profit) and move to a different place, then do the same thing. A lot of money shouldn't mean a lot of potential to cause a lot of strife for a lot of people.