Revolt 2 Earn

[Agata Schweiss]

RashadBilal, a financial advisor, and Troy Millings, an educator, have quickly become the cultural kings of financial literacy. The dynamic duo from the Bronx is on a quest to provide access to financial knowledge that the Black community can use to effect real change.

They saw a scarcity of information in the financial literacy field when it came to the Black community and began the famed podcast Earn You Leisure (EYL) in January 2019. With just an iPhone, shotgun mics, and the knowledge they held, the cultural shifters had a vision that led them to a level of popularity that piqued the interest of high-profile celebrities such as Steve Harvey, Nick Cannon, Jemele Hill, and many more.

Rashad and Troy have since become the go-to resource for financial literacy in the Black community. They sat down with For(bes) The Culture to talk about how they developed their podcast and secured their television deal with REVOLT.

The journey began 11 years ago, when Millings discovered a flaw in the school system's curriculum. He believed that, as an educator he was failing the students and wanted to provide them with useful information after they left school.

Bilal's financial career was just beginning at the time. Millings sought the opportunity to bring him in to teach. He devised a plan in which he wrote the lessons while Bilal served as the face of the space. After a few years of establishing his bearings in the game, Bilal began to write his own lesson plans.

Bilal got the idea for the EYL podcast from a coworker who had grown quite influential in the social media world. People were intrigued by her teaching technique after she started videotaping her classroom. Bilal was eager to follow suit. He was motivated to begin recording his classroom sessions. Soon after, he began doing radio shows and podcasts to provide additional information.

Early on, the two realized they had created something special. Since financial literacy is an issue that is rarely tackled in the Black community, they recognized an opportunity. By locating experts in various fields and examining their businesses, they demonstrated to the rest of the world what was possible for them with the right knowledge.

The financial powerhouses sit down with everyone from tech moguls to entrepreneurs to artists, and everything in between. When it comes to guest appearances, Bilal adds that personality and story are the decisive factors among the gentlemen and their team.

According to Millings, they focus a lot on the proper questions because they utilize it as a learning platform for not only their audience but themselves. Bilal says that this season will be a little more introspective in order to keep listeners intrigued and engaged.

Season 2's purpose is to assist people in putting some of the ideas and principles discussed on the show into action. Another important part is ensuring that their guests understand that their platform is a safe environment where they can feel at ease and be appreciated by their peers.

"We viewed the podcast as a form of public education. Although it was available for free on YouTube and across all devices, some users desired more. EYL University quickly established itself as a place where people with comparable situations and goals could come together and receive feedback from one another. It all started there, and now we have over 8,000 learners, " Bilal expresses.

In the first century of state income taxation, only four states transitioned from a graduated-rate to a single-rate, or flat, individual income taxAn individual income tax (or personal income tax) is levied on the wages, salaries, investments, or other forms of income an individual or household earns. The U.S. imposes a progressive income tax where rates increase with income. The Federal Income Tax was established in 1913 with the ratification of the 16th Amendment. Though barely 100 years old, individual income taxes are the largest source of tax revenue in the U.S. structure. But the past few years have brought significant focus on taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. relief, and with that, something of a flat tax revolution.

Currently, 12 states have a flat individual income tax structure, while nine states do not levy an individual income tax on wage or salary income at all. Twenty-nine states and the District of Columbia have a graduated-rate tax structure, but one of these states (Iowa) is currently in the process of phasing in a flat tax.

In July 2021, Arizona lawmakers enacted legislation to phase in a flat tax rate of 2.5 percent using tax triggers that made the timing of such a transition subject to revenue availability. This law was temporarily held up in litigation but received court clearance in 2022 to move forward, and, upon the tax triggers being met, a flat rate of 2.5 percent was implemented in January 2023.

Finally, in a 2022 special session, Idaho adopted a 5.8 percent flat tax, replacing the four-bracket tax system that was previously in effect. This change was effective starting with the 2023 tax year.

States that currently have flat taxes but that have not yet constitutionally protected their single-rate tax structures should consider doing so. The following table shows states that currently have, or are on track to implement, a flat tax; their date of implementation (past or future); and whether a single rate tax is constitutionally mandated. Of the four states that have had flat taxes from the start, three enshrine this status in their constitution. Of the eight that transitioned, only one does.

In 2021 and 2022 alone, within the span of 15 months, more states enacted laws converting graduated-rate individual income tax structures into single-rate income tax structures than did so in the whole 108-year history of state income taxation up until that point. In several additional states, lawmakers are working to see that this momentum continues. For states that want to remove barriers to upward mobility and business investment while promoting long-term economic growth and enhancing their competitive standing, moving from a graduated-rate to a single-rate individual income tax structure while reducing the top marginal rate is among the most valuable tax reforms lawmakers could adopt.

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This concept led him to develop a self-governing, autonomous ecosystem that would reward those who build and contribute on a large scale (The Guardians) as well as those who do so at a smaller, individual yet just as important level. The latter revolutionaries are the Many, and they can use RVLT for both staking and rewards.

This system ensures both level and individual rewards and could allow users to break away from the current centralized system. In other words, it enables them to revolt by talking about Cult and the CULT Manifesto to others.

In January 1791, President George Washington's Secretary of the Treasury Alexander Hamilton proposed a seemingly innocuous excise tax "upon spirits distilled within the United States, and for appropriating the same."1 What Congress failed to predict was the vehement rejection of this tax by Americans living on the frontier of Western Pennsylvania. By 1794, the Whiskey Rebellion threatened the stability of the nascent United States and forced President Washington to personally lead the United States militia westward to stop the rebels.

By 1791 the United States suffered from significant debt incurred during the Revolutionary War. Secretary Hamilton, a Federalist supporting increased federal authority, intended to use the excise tax to lessen this financial burden. Despite resistance from Anti-Federalists like Thomas Jefferson, Congress passed the legislation. When news of the tax spread to Western Pennsylvania, individuals immediately voiced their displeasure by refusing to pay the tax. Residents viewed this tax as yet another instance of unfair policies dictated by the eastern elite that negatively affected American citizens on the frontier.

Western farmers felt the tax was an abuse of federal authority wrongly targeting a demographic that relied on crops such as corn, rye, and grain to earn a profit. However, shipping this harvest east was dangerous because of poor storage and dangerous roads. As a result, farmers frequently distilled their grain into liquor which was easier to ship and preserve. While large-scale farmers easily incurred the financial strain of an additional tax, indigent farmers were less able to do so without falling into dire financial straits.

President Washington sought to resolve this dispute peacefully. In 1792, he issued a national proclamation admonishing westerners for their resistance to the "operation of the laws of the United States for raising revenue upon spirits distilled within the same."2 However, by 1794 the protests became violent. In July, nearly 400 whiskey rebels near Pittsburgh set fire to the home of John Neville, the regional tax collection supervisor. Left with little recourse and at the urgings of Secretary Hamilton, Washington organized a militia force of 12,950 men and led them towards Western Pennsylvania, warning locals "not to abet, aid, or comfort the Insurgents aforesaid, as they will answer the contrary at their peril."3

Friendship Hill was the home of Albert Gallatin, who represented Fayette County to the state assembly created in Pennsylvania during the Whiskey Rebellion. This historic house is owned by the National Park Service.

Mount Vernon is owned and maintained by the Mount Vernon Ladies' Association of the Union, a private, non-profit organization.

We don't accept government funding and rely upon private contributions to help preserve George Washington's home and legacy.

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