I do care that we've created a pool of privileged drivers who are no longer receiving any feedback when they engage in higher-risk driving behaviors.
I don't think that's true. If they are driving recklessly, they are still going to get pulled over.
"Go ahead and drive as fast as you want; we'll trust your judgement on that until after your first high-speed collision..." probably isn't a real solid basis for road safety.
No. However.... speeding tickets for drivers apparently going 75mph in a 70mph zone are bullshit.
There are a large number of tickets that have everything to do with generating revenue for police officers and government, which have absolutely nothing in fact to do with "road safety".
The arbitrariness of "Well.. you gave to these charitable causes" is no more arbitrary than the basis
for the speeding ticket in the first place, in many cases.
There are plenty of miscreants engaging in high-risk road behaviors such as tailgating, drunk driving, cutting other drivers off --- turning in front of oncoming traffic, slamming on the breaks for no reason, repeatedly swerving around traffic from lane to lane (with high-risk lane changes directly in front of another driver), that manage to never get any tickets ----- and they don't seem to need special stickers or license plates to get away with it.