In this highly acclaimed book, Shawn Rochester shows how The Black Tax which is the financial cost of conscious and unconscious anti-black discrimination , creates a massive financial burden on Black American households that dramatically reduces their ability to leave a substantial legacy for future generations. Rochester lays out an extraordinarily compelling case which documents the enormous financial cost of current and past anti-black discrimination on African American households. He then establishes a framework that Black Americans and other concerned parties can use to eliminate this tax and help create the 6 million jobs and 1. The entire book is built around three fundamental pillars of Stewardship, Ownership and Legacy — without which, there can be no wealth accumulation.
The Black Tax: Why African Americans Must Work Harder to Build Wealth
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When it comes to ingenuity and creativity, very few things surpass the unending inventiveness of black folks. Whether it is out of necessity or unbridled imagination, not only can we make something out of nothing, but we can make it fun. Enslaved Africans took coded messages and turned them into songs. We turned scraps of food into southern delicacies. We turned poverty and depression into the blues. And nothing is more indicative of this genius than when we make each other laugh. On Wednesday, Twitter user neauxna continued the tradition when she posted a simple question:.
In a memorable episode of Scandal , Papa Pope told his daughter, Olivia, that she had to be twice as good as her White counterparts to get half of what they have. Those words rang true for many Black professional women who were raised to believe that we have to work harder than others to get ahead. While lots of Black women have taken this advice to heart, an exclusive study shared with ESSENCE by global research organization Catalyst suggests that such thinking may not only have a negative impact on our health, but could also impede our overall career success.
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