Skip to main content

Inspiration


In 1888, in Curaçao.

A bridge was built to connect two parts of the city. A toll was charged but officials wanted it to be a "progressive" tax. Rich people will pay more to cross.

So how could they identify rich and poor quickly?

They had an idea, rich people wear shoes (it's 1888 remember), so they decided to charge a tax based on that. If you cross the bridge wearing shoes you pay a tax, but if you are barefoot, you cross for free.

Simple

Easy

Difficult to avoid

Brilliant

But it failed.

Why?

The rich simply took off their shoes and crossed the bridge. (Tax Avoidance)

The poor? 

They did not want to be seen as poor, so they would wear shoes or borrow shoes to cross the bridge.

This, they say, is a true story

So what's are the lesson?

1. Poverty is loud, literally

2. Poverty is in the mind

4. The rich stay rich by not spending. The poor stay poor by spending

5. The rich most often than not will apply logic to a situation, they are analytical 

6. The rich always get better financial advice

7. Taxing the rich to help the poor is cute but complicated.

8. Poverty can be said to be a verb because your actions can propel you more, into a state of want, if you are not careful. Consequently, poverty is what you do.

Are you "borrowing shoes" to cross any "bridge?"

If you are, please stop.

Source: Whatsapp, then modified.

Comments

  1. Echo blog be educating us since 1900, best place to be. Thank you Echo blog.

    ReplyDelete
  2. Echo blog is now my tonic oooooh! Wonderful blog!

    ReplyDelete

Post a Comment

Type your comments here

Popular posts from this blog

President Muhammadu Buhari withhold assent to the 2021 Electoral Act

              [BREAKING] Electoral Bill:  Senate President reads Buhari’s letter of Withdrawal of Assent. As Buhari asks Senate to quickly Consider 2021 Appropriation Virement of N13.588 trillion. The President of the Senate, Senator Ahmad Lawan read on Tuesday, the letter of President Muhammadu Buhari withholding of assent to the 2021 Electoral Act Amendment bill. President Buhari in the letter is withholding assent to the bill citing the imposition of direct primaries as approved by the National Assembly, the National Assembly for picking candidates by political parties in the amended Electoral Act as a violation of the spirit of democracy. According to Buhari, with Direct primaries, there will be plethora of litigation from party members and stakeholders, just as he said that allowing the process would fuel corruption as well as encourage over monitorization. In the letter read during plenary after the Senators came out from a closed-door sessi...

China Offers To Assist Tackle Nigerian's Security Problems

China moves to help Nigeria tackle insecurity, Mr Cui said the move by China is part of its support to tackling the insecurity bedeviling Nigeria, disclosing that the security experts are expected to arrive Nigeria soon. Concerned about insecurity in the country, China has offered to send a high-level delegation of criminal investigation experts to meet with Nigerian security agencies. Chinese Ambassador to Nigeria, Cui Jianchun disclosed this on Wednesday in Abuja while speaking to journalists on the sideline of the October 1, China-Nigeria friendship award to students of the Ahmadu Bello University Zaria. Mr Cui said that the move by China is part of its support to tackling the insecurity bedeviling Nigeria, disclosing that the security experts are expected to arrive Nigeria soon. “China’s Central government is really concerned about the security situation in Nigeria and also the Chinese Nationals in Nigeria. “We are working hard on how we can get support from China. I think that it ...

THE SARKIN BAI AND KINGMAKER MUKTAR ADNAN, IS DEAD.

Kano Emirate’s longest  serving kingmaker and former district head of Dambatta, Mukhtar Adnan, has died.