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I guess it's an instance of legislative #TODO comments.
by niyikiza 5y ago
I guess it's an instance of legislative #TODO comments.
- BitwiseFool 5y agoNo, it's a feature not a bug. If you don't index things to inflation you can eventually cover average and middle-class amounts of money under the law - you just have to be patient.
- strait 5y agoMore likely the number 10000 is now entrenched in so many varied locations in the last 50 years that it would be a monumental undertaking to try and adjust it successfully.
- xur17 5y agoIf the rule is > $100k, can't businesses just continue reporting everything > $10k until they get around to updating their systems?
- SilasX 5y agoSome countries phrase monetary fines and thresholds in terms of some inflation-indexed value (e.g. "penalty units" in Australia) to as to avoid having to manually update every single value in the laws when they get around to it. I wish the US would do the same. https://en.wikipedia.org/wiki/Penalty_unit https://en.wikipedia.org/wiki/Penalty_unit