Comment by FireBeyond
11 days ago
This isn't arbitrage, it's looking for loopholes.
Presumably your "feast or famine" business owner did the responsible thing with leveling their income, no? They didn't? Oh, why would that be the public's concern. That would level out in their feasting years, after all (assuming you're using the previous year's taxable income, or an average income over the previous three years or so).
The chauffeur is subject to the rules around their CDL or similar, or is in service of their employer. When driving a work vehicle, my fines are already directed at my employer.
It blows my mind how much we are willing to bend over backwards to ensure the powerful won't suffer a moment's inconvenience in this country.
> This isn't arbitrage, it's looking for loopholes.
"Have someone who pays the lower amount do the thing" is precisely arbitrage.
> That would level out in their feasting years, after all (assuming you're using the previous year's taxable income, or an average income over the previous three years or so).
Their income for the last three years was $10k, $10k and $1M. Their 20 year average is $80k but the three year average is $340k. So now you're increasing their exposure even more -- before they get a hugely disproportionate fine if it happens to be in the one year they made $1M. Now they still get a disproportionate fine but are exposed to it for three times as long.
> The chauffeur is subject to the rules around their CDL or similar, or is in service of their employer. When driving a work vehicle, my fines are already directed at my employer.
Michael Dell hails a cab and then the driver gets a speeding ticket. No evidence driver had any idea of his passenger's net worth; no evidence the passenger ever requested exceeding the speed limit and couldn't see the speedometer from the back seat. Is this a billion dollar fine? Who pays it, the person who has nothing like a billion dollars or the person who did nothing wrong?
It's clearly unreasonable to impose the fine in that case, but it's also easy to use it for arbitrage if you don't.
> It blows my mind how much we are willing to bend over backwards to ensure the powerful won't suffer a moment's inconvenience in this country.
Maybe we should have a preference for rules that are effective rather than performative.
So long story short: adapt that rule so the beneficiary of the fraudulent service pays the bill. There, I fixed it.
"John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."
Not quite how he phrased it, but close. Original is here: https://wist.info/steinbeck-john/46582/
Ok, how did it work our for countries where it did took root?
Good enough, France, the Nordics and many other countries besides have done well.
1 reply →
>...Not quite how he phrased it, but close.
The "temporarily embarrassed millionaire" quote is from Ronald Wright. The Steinbeck quote is actually very different than the Ronald Wright quote.
The actual quote is mocking wealthy armchair leftists rather than explaining why the American working class rejected socialism:
>>Except for the field organizers of strikes, who were pretty tough monkeys and devoted, most of the so-called Communists I met were middle-class, middle-aged people playing a game of dreams. I remember a woman in easy circumstances saying to another even more affluent: “After the revolution even we will have more, won’t we, dear?” Then there was another lover of proletarians who used to raise hell with Sunday picnickers on her property. ...
Even flat-out rejecting the desire to charge them more wouldn't be bending over backwards for them. It would simply be charging them based on harm done rather than what affects them.
And the post you're responding to is making a much less extreme position, that it's hard to scale the fine properly.
With laws, you generally want to charge and cover for the harm done, but also to disincentivise law breaking.
For instance, someone might be significantly speeding for 10 years, and never hurting anyone or causing any harm (financial or otherwise). Should they pay nothing?
Or should we distribute harm from all speeders (accidents, injuries and deaths) to everyone speeding?
But does a fixed fee speeding ticket disincentivise behaviour that is known to cause harm statistically?
> Or should we distribute harm from all speeders (accidents, injuries and deaths) to everyone speeding?
Yes, that one. Increasing everyone's risk is harm, sorry if I wasn't clear about that part.
> But does a fixed fee speeding ticket disincentivise behaviour that is known to cause harm statistically?
The line of thought here is: Does it matter? If the average speeder pays $2 of fines per $1 of harm, it's a net positive. Yes that does let rich people buy priority. But rich people can usually buy priority. At least they're not getting a helicopter involved.
5 replies →