That seems a fairly reasonable fine to me - if the speeder has "annual income of more than $820,000 and is worth well over $20 million" then why shouldn't he pay more?
Because his income isn't anything to do with the offence.
if the fine is "one week of income" and you don't want to lose a week then you won't speed
if a speeding ticket was 5 cents everyone would speed every day... and this is the status quo for the rich since the fine is to their income what five cents is to most others
so we fine people enough that it affects them in a proportionate way to make the likelihood of changing their behavior equal, rather than only changing the behavior of the poor
Dollars is roughly proportional to hours for the guy at the bottom of income levels. I'm not sure it is for people at the top, choosing which assets to liquidate in which year.
So now we're not looking at fines in relation to income but lifestyle?
I just think you cannot scale fines in relation to income/lifestyle/anything else financially. You can scale it, but you can't hit people with different incomes, assets, etc. in the same fashion, which ultimately smells of a bad system to me.
The points system seems sufficent to me for most driving offences, beyond costs. But community service, prison time, curfews, anything which is equivalent and not open to manipulation.
Because his income isn't anything to do with the offence.