Money — Tool for the rich and Trap for the poor

Photo by Alexander Mils on Unsplash

 

Dear Readers,

Thank you for coming here!

Another top celebrity in China got fined for tax evasion. The fine was more than 100 Mn RMB (~16Mn USD, ~20Mn SGD). 

This is just pure illogical.

First of all, the fine is at least the amount of tax he evaded. So his attempt did not save him money.

What’s worse, this pretty much marks the end of his career as a celebrity. None of the celebrities who got fined for tax evasion before him got the chance to come back.

For a top celebrity who is in his 20s, the amount of money he could make out of his career would be humongous, compared to this fine.

But he pretty much lost that.

Anyone can do the math.

Photo by micheile || visual stories on Unsplash

On the other hand, Huawei announced rent subsidy for its tenants, in face of yet another wave of Covid.

• Rent for past 6 months will be refunded
• Rent for next 9 months will be halved

Huawei is not at its best after the US ban. But the leaders in the company understand there is a family behind every small shop and they are vulnerable.

I firmly believe Huawei can go a long way, no matter what is thrown at them.

Photo by Josh Appel on Unsplash

For people who only think about themselves, they will be forever poor. No matter how much money they have, they would never feel they have enough. They would never feel the abundance to help people.

On the contrary, for people who are willing to share and help others, sustainable richness will come from satisfaction, reputation and network.

 

Till next time!