If you haven’t already heard, JAY-Z has done it again. Working to shape the conversation surrounding cannabis, foster equality and fairness in the development of the industry, promote awareness for the many uses and benefits of cannabis and empower consumers to feel free to use cannabis how, when, and where they want, JAY-Z is the new face of the future.

JAY-Z has a partnership with California cannabis company Caliva. The 50-year-old, born Shawn Carter and married to pop-star Beyonce, is the latest celebrity to get into the cannabis business which has spread fast in the United States as more and more states legalize it for recreational purposes.

JAY-Z says he also wants to increase the economic participation of people returning from incarceration through job training and workforce development. Through research, I’ve learned; His role will consist of driving creative direction, outreach efforts and strategy for the brand.

HOW DOES THIS PARTNERSHIP HELP ECONOMICALLY?

The rapper, whose formal title with Caliva will be chief brand strategist, will also further his social justice efforts by increasing job training for former prisoners as well as fostering quality and fairness in the development of the legal marijuana industry.

More and more you read about income and wealth inequality in the United States your learn it is on the rise. This fact has been highlighted by several 2020 presidential candidates, who believe that wealth is too highly concentrated at the top. One proposal to redistribute wealth from the top earners is a wealth tax (there are currently several versions of this tax being suggested). While most taxes hit a flow of money (like when you earn money via an income tax or when you buy a product via a sales tax), a wealth tax hits stagnant money, such as business assets, personal belongings, etc.

To be honest; as income and wealth inequality rise, so too does its prominence in political discussions. 

Americans “strongly agree” that the wealthiest individuals should pay higher taxes. According to a Federal Reserve Survey, “families at the top of the income distribution saw larger gains in income between 2013 and 2016 than other families, consistent with widening income inequality.”

This trend has led prominent government officials and various 2020 Presidential Candidates to recommend policies to curb wealth at the top income brackets. Some recommend increasing corporate taxes, others recommend increasing progressivity of existing income taxes, closing loopholes, increasing estate taxes, implementing a wealth tax or some combination of all proposals. The remainder of this article will specifically focus what we call Wealth Tax

Based on research ,

A wealth tax is most similar to a property tax, except instead of taxing property ownership exclusively, a wealth tax would be a tax on all assets. This includes personal belonging (i.e. clothes, jewelry, cars), business assets (i.e. Jeff Bezos’ interest in Amazon), investments (i.e. money that millionaires put into other companies), and may even include foundations (i.e. the Bill and Melinda Gates foundation).

The wealth tax is considered an aggressive plan and has been a topic of hot debate not only between politicians and business leaders, but also amongst economists. Both sides believe that the tax system should be equitable and promote growth.

WHO ARE THE SUPPORTERS?

Supporters of the wealth tax say it will promote a redistribution of wealth to those who need it most. Opponents of the proposal say it will be challenging to implement and will ultimately hurt economic growth and job creation

PROS OF A WEALTH CREDIT

A wealth tax would help reduce wealth inequality, which is at historically high levels. Typical income taxes are not an effective way to tax the ultra-wealthy as they earn most of their money via investments and other means. Another reasons is,Some self-made and inherited billionaires have called for a wealth tax. A group of nineteen billionaires and multi-millionaires signed an open letter supporting the wealth tax as a “moral, ethical, and economic responsibility” to improve the economy, health outcomes, and democratic freedoms.

Lastly on reasons A wealth tax will increase tax revenue to the federal government and allow funds to be redistributed.

WHAT ARE THE CONS ?

A wealth tax punishes success and will hurt the economy by discouraging business investments.

• Roughly 80% of millionaires in the U.S. earned their wealth instead of inheriting it. A wealth tax unfairly punishes success of individuals who, on average, work more hours than lower-wage earners

To add a wealth tax may be deemed unconstitutional and an ineffective means to curb wealthy individual’s influence. However, we look at everything we are concerned with the political influence of wealthy individuals — we should strengthen campaign finance laws, not cap wealth potential.

Cousin,

Whatchu thinkin’ bout all day. Like Fr. Fr.

What thoughts are consuming your mind? About you? About yo job? About the world? About yo finances? You ever heard the phrase, “As a man [or woman] thinketh in his heart, so is he?”

More about that later.

I recently started reading, Secrets of Six Figure Women, and it has truly shifted my mindset. Truth moment, I’m what Barbara Stanny defines as an under-earner. Listen to her drag me…

“She works hard to succeed, yet barely makes enough to get by, even though she has the ability and ambition to do better. Under earners aren’t all poorly paid, however. You can make decent money and still fall into this category. What distinguishes an under earner is that she could bring in more, and genuinely wants to, but, for whatever reason, she doesn’t.”

Dragged. To pieces.

When I read it, I felt attacked. More so, embarrassed. I’ve allowed myself to consistently take on dynamic opportunities BUT I never asked for what I’m owed. Why? ‘Cause I’m always honored to be invited to the table. Eager to share my gifts with the world, sometimes even at no cost!

Scroll up to the first quote real quick. You back?

If I’m constantly feeding my mind with thoughts about “I can’t have”, “I shouldn’t ask”, That’s too much,” I’m afraid, and my all-time favorite, “ What if they say no”. I will continue to remain in the under earners category.

My mind wasn’t in the right place.

Because my mind ain’t right. My money ain’t right

I recently had a huge mindset shift. I decided. That’s it! I decided I would no longer be in the under earners category. I wrote a number down and I look at that number every day. I know, I know, it’s super self help-y. But it works. I know what I’m working towards. If an opportunity isn’t bringing me closer to the goals I’ve set, I have to let it go.

Cousin. Get your mind right and I promise the money will flow. Cue, Free yo minnndddd, and the rest will follow!

Stay up Fam,

T