3 ms·
No; you misunderstand. The unit fine scales with income and wealth. The man in question had a net worth of about $23M. So for this one speeding offense, the man
by NovemberWhiskey 6y ago
No; you misunderstand. The unit fine scales with income and wealth. The man in question had a net worth of about $23M. So for this one speeding offense, the man was fined about 1.3% of that. Bear in mind, we are talking about a speeding ticket here.
- unnouinceput 6y agoYeah, I think I understood correctly. My entire argument for a 23M worth still holds. Also if this is in relation to net worth only, that's kinda small. I reckon both Bezos and Musk are worth net a couple of billions only. They are 100+ B only on paper. Coming back to the 23M net one, if that's his net, imagine his stocks. To pay for the ticket he simple does 2 things: - sells some actions - declare the ticket as tax deductible on next fiscal year. Guess he won't care anyway
- NovemberWhiskey 6y agoPlease go look at the definition of 'net worth', that includes all the value of shares you own.