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

Asiwaju Bola Ahmed Tinubu, Wins Big In Governor Nyesom Wike's Local Government Area

The presidential candidate of the All Progressives Congress (APC) Asiwaju Ahmed Bola Tinubu, has won the Obio-Akpor, the Local Government Area of Governor Nyesom Wike in Rivers State by a landslide. Tinubu polled 80,239 votes to defeat the Candidate of the Labour Party (LP), Peter Obi, who came a distant second with 3,829 and the People’s Democratic Party (PDP), who got 368 votes.

Jeff Bezos With GF Lauren Sanchez At The Miami Grand Prix

On Sunday, 06 May 2023, Jeff Bezos and his girlfriend of almost four years, Lauren Sánchez were at the F1 Miami Grand Prix. Jeff Bezos And Lauren Sanchez Top Left At The F1 Miami Grand Prix, Qualifying, Miami International Autodrome, Miami Gardens, Florida, USA – 06 May 2023 Lauren Sanchez, 53, a former Newscaster, was spotted in a crop top and jeans alongside her billionaire boyfriend Jeff Bezos, 59, in Miami, while attending the Miami Grand Prix. They held hands as they arrived at the Formula One Grand Prix event. Jeff Bezos with a net worth of US$125 billion as of April 2023, arrived in the team village at the Formula 1 Crypto.com Miami Grand Prix in Miami, Florida on May 6, 2023. Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021, according to both the Bloomberg Billionaires Index and Forbes. Credit: Hollywood life.com, Wikipedia