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About wealth dependent fines

01/10/10

Permalink 09:18:48 am, by editor of MarketObservation.com Email , 61 words   English (US)
Categories: Various

Here is a message about a US$ 290 speed fine of a Swiss driver. Judges at the cantonal court in St. Gallen, in eastern Switzerland, based the record-breaking fine on the speeder's estimated wealth of over $20 million.

Swiss court fines speeding millionaire $290,000, Jan. 7, 2010

And here is an assessment of wealth dependent fines by Harvard's G. Mankiw:

Greg Mankiw's Blog: Wealth-dependent Fines, Jan. 8, 2010

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