While I agree in principle, income isn't good enough. Steve Jobs famously didn't have an income - he wasn't salaried and compensated with stock, effectively 0 income. It needs to be based on net assets.
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That's a good point. Yes, it's only effective if the consequence isn't negligible.
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AFAIK in Switzerland it's like that.
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Same thing with cash bail, if your country is into that crap.
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