Swiss Millionaire Hit By Record Speed Fine

tugfoigel writes "A Swiss court has slapped a local millionaire with a record speeding fine of $290,000.The man was reportedly caught driving a red Ferrari Testarossa at 137km/h (85mph) through a village.The penalty was calculated based on the unnamed motorist's wealth — assessed by the court as $22.7m — and on his status as a repeat offender."

Comments

Don't speed in CH

[ob0101011101]

In Switzerland the people don't give way to the car, and it's a good thing. A typical village speed limit is 50km/h, or 30km/h in the single-lane back streets, so this guy was doing 2x or 3x the speed limit. Your typical Swiss village was laid-out 500 years before cars existed, and has narrow roads, no curb on the gutter, and twisty turns around houses etc. The children are encouraged to walk to school un-escorted from age 5 onwards (not be driven a few blocks in an 5 litre V8 "SUV" as in Australia), so there's a very real chance of someone distracted by a butterfly not crossing the road as well as they could. The speed limit on the highway is 120km/h. And FWIW, the curve to the speeding fines is very steep. My wife got a few ~5km/h over speeding fines and they were usually less than 50 franks (USD$50). But once you start getting > 30km/h over the posted limit, the fines get huge.

How to eliminate credit card debt

[Jodka]

According to the values given in the article the amount of the penalty is about 1.3 percent of net worth. For those with a negative net worth because you have student loans, mortgages and credit card debt I recommend speeding through small villages in Switzerland. Because the penalty will be a negative amount, the government will pay you. Keep speeding until your net worth is $0.00 then stop.

If you can not afford a car which reaches excessive speeds, take out a loan.