Friday, January 8, 2010

Millionaires Shouldn't Drive Fast in Switzerland

A driver in Switzerland who was driving 85 miles per hour in a 50 mile per hour zone was hit with a $290,000 fine. The reason for the high fine was that the driver is a multimillionaire with a net worth of $20 million.

That amount still seems excessive, as it is almost one and a half percent of net worth. For the average upper middle-class Joe with a net worth of $500,000, which might include home equity, 401(k) plan, stock portfolio, cars, etc., that would be a comparable fine of $7,250.

1 comment:

SylvesterCuyler said...
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