Speeding is hardly the worst crime a person can commit and its probably one that most of us break on a daily basis. But in Europe you better take the foot off the accelerator or you could need a second mortgage to pay off the fine. One speeder in Switzerland is facing a $1M fine for exceeding the speed limit by 105 miles per hour. Now I won't say that traveling this fast is safe and maybe in the U.S. you might get your license suspended by why a $1M fine. Well the Europeans want to make sure everyone pays their fair share so the fines are based on the speed as well as the person's net worth. Yes, that's right net worth. So how long before we see this type of fine right here in the good old U.S. of A? If you had asked be 5 years ago I would have said never but now... I'd say California probably has a law just like this one in committee and we don't even know about.
Swede faces world-record $1m speeding penalty
A Swedish motorist caught driving at 290km/h (180mph) in Switzerland could be given a world-record speeding fine of SFr1.08m ($1m; £656,000), prosecutors say.
The 37-year-old, who has not been named, was clocked driving his Mercedes sports car at 170km/h over the limit.
Under Swiss law, the level of fine is determined by the wealth of the driver and the speed recorded.
In January, a Swiss driver was fined $290,000 - the current world record.
Local police spokesman Benoit Dumas said of the latest case that "nothing can justify a speed of 290km/h".
"It is not controllable. It must have taken 500m to stop," he said.
The Swede's car - a Mercedes SLS AMG - has been impounded and in principle he could be forced to pay a daily fine of SFr3,600 for 300 days.
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