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January 12, 2010

$300,000 Speeding Ticket

CARS - A Swiss multi-millionaire who was speeding in a Ferrari was slapped recently with a fine of 203,181 Euros (approx. $300,321 CDN). The punishment was not based on the actual speed he was going, but rather based on a Swiss law uses fines based on income.

ie. If a person is really poor, the fine might be 100 Euros or less.

Similar laws already exist in Germany, France, Austria and various Scandinavian countries in order to prevent rich people from ignoring traffic laws. In Germany the fine can be as much as $16.6 million compared to only $1 million in Switzerland. (Beware Jeremy Clarkson and any other speed demons, don't go driving in any of those countries...)

In the above case the driver, identified only as "Roland S.", was described as a "Traffic Thug" by Swiss judges for terrorizing city streets in a 50 km zone and endangering the lives of other drivers and pedestrians. His personal wealth is more than $20 million and a fine of $500 would have not sent the right signal.

No news yet on when similar laws might come to North America.

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