Please join College of Behavioral and Social Sciences, Nyumburu Cultural Center, Judge Alexander Williams Jr. Center, Robert H. Smith School of Business and partners for a critical conversation with author of The Black Tax: The Cost of Being Black in America, Mr. Shawn D. Rochester about how to address the racial wealth gap and advance racial equity
ABOUT THE BOOK
In The Black Tax: The Cost of being Black in America, 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. Mr. Rochester lays out an extraordinarily compelling case which documents the enormous financial cost of current and past anti-black discrimination on African American households. The Black Tax, provides the fact pattern, data and evidence to substantiate what African Americans have long experienced and tried to convey to an unbelieving American public. Backed by an exceptional amount of research, Mr. Rochester not only highlights the extraordinary cost of the discrimination that African Americans currently face, but also explores the massive cost of past discrimination to explain why after 400 years Black Americans own only about 2% of American wealth. 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 1.4 million businesses that are missing from the Black community. The Black Tax takes the reader through a complete paradigm shift that causes the reader to evaluate all forms of spending and investment in terms of the number of jobs created or businesses developed within the Black community. The Black Tax is immensely informative, thoroughly engaging and makes one of the most compelling and effective cases to commercialize Black businesses since the founding of the Negro Business League in 1910.
ABOUT THE AUTHOR
Shawn D. Rochester is CEO of Good Steward LLC, 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.
He 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.