Yes, there is no simple solution. However there is also a desire to set some deterrent. Should fines be removed for speeding offences too? The guy on the bones of his arse will likely find it difficult to pay. But the guy with a good lawyer and/or plenty of dosh that does it frequently will probably not bat an eyelid.
From the outside looking at the sentence compared to the damage caused I would stand by my fair acknowledgement. There are other sentences that would likely also be fair, but as you yourself have stated you do not know his history either.
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