You can have an income- and wealth-dependent fine.
It could be as a % of your total income (bonus included) + wealth (including stocks, full ownership chain included).
1.5% of income, 5% of wealth in bank account, 10% of stock value. If any of these three exceeds 300x the median of the lowest 10%'s salary (let’s say that that’s 10k), then it’s 80% for all three. That would hit the ultra-wealthy more and so it’d be fairer.
For a poor person earning less than €10,000 a year and having €1,000 in bank and no stocks, that’d be €200.
For someone earning €40,000 a year, having €80,000 in bank and €10,000 in stocks, that’d be €5,600.
For a billionnaire who has 1 billion, let’s say €2,000,000 per year as “income”, €100,000,000 in “bank account”, and the rest of 1 billion in stocks. Then they’d be paying € 801.6 million.
So, pass a ban that only applies to poor people and let the rich continue to do whatever they want still since they can afford the fine?
There are ways to make fines hurt everyone, see how Finnish people handle speeding tickets
It’s a percentage of your income 😀
You can have an income- and wealth-dependent fine.
It could be as a % of your total income (bonus included) + wealth (including stocks, full ownership chain included).
1.5% of income, 5% of wealth in bank account, 10% of stock value. If any of these three exceeds 300x the median of the lowest 10%'s salary (let’s say that that’s 10k), then it’s 80% for all three. That would hit the ultra-wealthy more and so it’d be fairer.
For a poor person earning less than €10,000 a year and having €1,000 in bank and no stocks, that’d be €200.
For someone earning €40,000 a year, having €80,000 in bank and €10,000 in stocks, that’d be €5,600.
For a billionnaire who has 1 billion, let’s say €2,000,000 per year as “income”, €100,000,000 in “bank account”, and the rest of 1 billion in stocks. Then they’d be paying € 801.6 million.