Why aren't fines based on % networth instead of a set amount based on infringement?
I was listening to a podcast the other day about how fines affect the common man, and are geared towards leeching money out of us normies. The rich don't really give a rat's a** about paying fines because it would probably be a drop in the bucket for them.
They then went on to suggest that maybe a %net worth fine would be more effective in a society such as ours, where income declaration and other aspects are pretty transparent and advanced.
What are some of your thoughts? Do you think our fine system in Australia is fair today? Do you think it can be improved?