5 ms·

For someone as wealthy as he is ("Forbes lists Bechtolsheim's net worth at somewhere north of $16 billion"), a (less than) $1M fine seems more than gentle enoug

by wk_end 3y ago

For someone as wealthy as he is ("Forbes lists Bechtolsheim's net worth at somewhere north of $16 billion"), a (less than) $1M fine seems more than gentle enough for "a lapse of judgement" and "not the most heinous crime".

bookofjoe 3y ago
$1M is 0.00625 percent of $16B. For reference, 0.00625 percent of 100k = $6.25
- wil421 3y ago
  Basically for someone with $1,000,000 it’s a $6,250 fine. Or a $1,232 with $197,000 (average net worth in US according to Google).
  - valleyer 3y ago
    No, you're off by a couple orders of magnitude.
  - pera 3y ago
    > Median net worth $192,900 https://www.federalreserve.gov/publications/files/scf23.pdf https://www.federalreserve.gov/publications/files/scf23.pdf > [Bechtolsheim] net worth at $16.3 billion https://en.wikipedia.org/wiki/Andy_Bechtolsheim https://en.wikipedia.org/wiki/Andy_Bechtolsheim So then (923_740 / 16_300_000_000) * 192200 = ~$10.89 Just for comparison, the fine for jaywalking in Seattle is $68.
  - deleted 3y ago
    [deleted]
foobiekr 3y ago
Why do you think wealthy people should be treated more leniently for the same crime?
- wk_end 3y ago
  That's the exact opposite of what I'm saying.
ipqk 3y ago
But it's double what he gained, which seems reasonable.