3 ms·
This depends a lot on what the intended effect of the law is. The cost of risk externalized by one person speeding is about the same, modulo driver skill and l
by naniwaduni 7y ago
This depends a lot on what the intended effect of the law is.
The cost of risk externalized by one person speeding is about the same, modulo driver skill and location and whatnot; it is not very sensitive to rich the driver is. If the goal of the law is to impose enough additional risk of a fine to compensate for the externalized risk, then it makes perfect sense that millionaires don't need to obey speed limits--as long as they can pay up.
If the law is intended as a deterrent, this obviously isn't working.
- TheOtherHobbes 7y agoFines are not related to the externalised cost of speeding, because the externalised cost of speeding can include death and life-changing injury as well as property damage, and it's very difficult to assess a fair market price for death.
- cameronbrown 7y ago> it's very difficult to assess a fair market price for death Bean counters will manage it though, if asked.
- throwawayjava 7y agoSpeed limits are originally designed to reduce risk, not "compensate" for it. You can tell this is true because the victims of crashes caused by speeders do not receive proceeds from speeding ticket fines. And this is sensible. How do you compensate a family for a dead body? You can't. So the purpose of the law should be to prevent the need for that compensation in the first place.