Even without the ratcheting, assuming the percentages are well calibrated, it works on everyone equally no matter your financial situations. A wealthy person paying tens or hundreds of thousands of euros for going 5km/h over the speed limit learns the lesson very quickly.
certified_expert@lemmy.world 3 days ago
The key word, my friends, is “income”. Wealth ≠ Income
So in reality, Elon would probably not pay that much. He would most likely pay nothing.