It should ratchet up as well. Second infraction is half your weekly, third is half your monthly, fourth annually.
Not that I think fines work as deterrents, but if they’re going to work, they should work for the rich as well.
Even without the ratcheting, assuming the percentages are well calibrated, it works on everyone equally no matter your financial situation. A wealthy person paying tens or hundreds of thousands of euros for going 5km/h over the speed limit learns the lesson very quickly.
It should ratchet up as well. Second infraction is half your weekly, third is half your monthly, fourth annually.
Not that I think fines work as deterrents, but if they’re going to work, they should work for the rich as well.
Even without the ratcheting, assuming the percentages are well calibrated, it works on everyone equally no matter your financial situation. A wealthy person paying tens or hundreds of thousands of euros for going 5km/h over the speed limit learns the lesson very quickly.
The key word, my friends, is “income”. Wealth ≠ Income
So in reality, Elon would probably not pay that much. He would most likely pay nothing.