Off-Topic: Substitute For Millionaire Tax
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Name:
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GoneFishin
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Subject:
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Substitute For Millionaire Tax
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Date:
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12/15/2011 12:08:22 AM
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Rather than tax the top 1%, Obama needs an executive order to require a speeding fine system similar to Finland and Denmark.
Finland, Denmark (unlimited)
Highest Fines: $200,000 (or more)
Even if you're one of the richest men in Europe, a nearly $200,000
speeding ticket is going to pang just a little (and that was in 2002,
when $200,000 was a lot of money). The Trick here is that Finland, and
nearby Denmark, both levy speeding fines depending on the annual income
of the driver unfortunate enough to pick up a ticket. In this case,
records showed that Jussi Salonoja, a 27-year-old heir to a northern
European meatpacking empire, earned $11.5 million in 2002, which after a
complex calculation
by the courts resulted in the world-record fine of about $200,000. And
all that for driving 50 mph in a 25 mph zone. A Finnish business
executive also had a $165,000 fine reduced to a mere $9000 after he
restated his earnings to the courts.
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