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. Hermosa2 February 2022 at 05:47

    Damn🙌🙌🙌!!!

    ReplyDelete
  2. Anonymous2 February 2022 at 14:07

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

    ReplyDelete
  3. Anonymous2 February 2022 at 14:19

    Echo blog is now my tonic oooooh! Wonderful blog!

    ReplyDelete

Post a Comment

Type your comments here

Popular posts from this blog

INEC-N305bn Required To Conduct 2023 Elections

On Monday 20th December, 2021, the Independent National Electoral Commission (INEC), through its Chairman, Professor Mahmood Yakubu says the commission will require N305 billion to conduct the 2023 general elections. The INEC Boss, made this known in a statement during a meeting with the Senate Committee on Appropriation at the National Assembly. This amount will facilitate the electoral process by aiding the commission to prepare for the election. It will go a long way to assist in the purchase of all the election materials needed and also cover several bye-elections across the country. The INEC Chairman noted however that the commission has already received N100 billion out of the required amount for the elections. The National Assembly is yet to receive a letter from President Muhammad Buhari on his decision to give or withdraw his assent to the Electoral Act Amendment Bill. The 30-day deadline stipulated by the constitution for the President to respond to the bill expired on Sunday...
2 comments
Read more

23 children and 54 Others Camped In A Church, In Ondo State, Rescued By The Police

The Ondo State Police Command said a total of 77 people were found locked in the basement of a church; Whole Bible Deliverance Church located at Valentino Area of Ondo town, Ondo State, reports the Punch News. The police said that the victims comprised 23 kids and 54 others including teenagers and adults, males and females. It was alleged that the victims were kidnapped and kept in the underground apartment of the church for over six months before they were rescued. The church’s pastor and some other members are currently in the custody of the command while the police had begun investigation into the matter In a one-minute, 40 seconds video, a voice was heard saying, “There are kidnapped children found in the underground cell of a church in Valentino Area of Ondo. The pastor and some members of the church have been arrested and were also in the police patrol van.’’ One of the parents of the rescued victims, Mr Michael Olorunyomi, said that he left the church because of alleged wrong Bi...
Post a Comment
Read more

Video Update - Bianca Ojukwu And Willie Obiano's Wife Saga

The Internet is buzzing, there is a media uproar, the media outlets are now giving a clearer version of what happened between the former beauty queen and wife to the late warlord, Bianca Ojukwu and the wife of the former Governor of Anambra State Ebelechukwu Willie Obiano. Fresh stories indicate that Bianca Ojukwu initiated the slap. She slapped Willie Obiano's wife and it is not the other way round as earlier reported. The moment Bianca slapped Obiano’s wife during Soludo’s inauguration happened thus. The scuffle occurred on Thursday at the inauguration of Chukwuma Soludo as governor of the state. Soludo was sworn in at the government house in Anambra. Dignitaries, including Obiano, were already seated when Ebelechukwu Obiano, Willie Obiano's wife stood up from her seat and moved to where Bianca, widow of Chukwuemeka Ojukwu, was seated and spoke to her. Although Ebelechukwu was inaudible, the video showed how Bianca rose and gave her a slap, leading to a commotion. Whichever w...
3 comments
Read more