3 ms·
It's fair to say and, on some level, I like the idea of scaling fines to lower income more than scaling them to higher incomes. The marginal utility of wealth g
by aeturnum 2y ago
It's fair to say and, on some level, I like the idea of scaling fines to lower income more than scaling them to higher incomes. The marginal utility of wealth goes down as you get more anyway.
I also think that, if you wanna critique the efficacy of fines in metting out justice, you need to go further than you do here. Scaling the fine tries, imperfectly, to match the punishment to the circumstances of the offender. We could imagine an even better system that more perfectly reacts to misbehavior, but exactly what that would be seems hard and this is a sensible adjustment to an existing system.