“The Black Tax: The Cost of Being Black in America”, is an extraordinary analysis of how anti-Black bias has created a detrimental tax that Black Americans pay in almost every marketplace and how that tax has suffocated our livelihood, and significantly reduced our ability to leave a sizable inheritance to our children.
The Black Tax examines the staggering financial cost from emancipation to the present day to answer the question of how, after 400 years, more than 40 million African-Americans own only 2% of U.S. wealth.
The Black Tax, however, does not focus on this injustice. Instead it quantifies the fiscal impact of the tax, provides the data to support it, and then offers ways that Black America can offset the effects and create 6 million jobs and 1.4 million businesses in the Black community.
Shawn D. Rochester is CEO of Good Steward LLC, which is a financial education and advisor company. He is an expert in identifying, optimizing, and allocating cash flow and has helped his clients increase their projected retirement assets by tens of millions of dollars. A former corporate development and global strategy executive, he has executed $500 million worth of transactions and helped to generate over $10 billion of incremental revenue and cash flow.
Shawn has bachelor of science in Chemical Engineering from The University of Rochester and a master’s degree in Business Administration from The University of Chicago Booth School of Business with a focus in Accounting, Finance and Entrepreneurship. The Black Tax is part of The Good Steward Financial Empowerment Series which includes CPR for the SOuL: How to Give Yourself a 20% Raise, Eliminate Your Debt, and Leave an Inheritance for Your Children’s Children.
Check out the Shawn D. Rochester’s website to purchase the book!
Here is a chronological list of the songs played on the episode. Click to purchase, below.
- Master’s Song – Benjamin J
- Modern Day Slavery – Joell Ortiz (feat. Immortal Technique)
- Legacy – Jay-Z
- Dollas – Ghost of the Machine (feat. Epinero)
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