Business

A.G. Gaston – First Black Millionaire of Alabama Tribute
Business

A.G. Gaston – First Black Millionaire of Alabama Tribute

By Black Enterprise Magazine 1992: Celebrated Birmingham, Alabama, entrepreneur Arthur G. Gaston, founder and chairman of BE 100s financial institutions Citizens Federal Savings Bank and Booker T. Washington Life Insurance Co., among nearly a dozen other businesses, is named BE’s Entrepreneur of the Century. Born the grandson of a slave in a log cabin on July 4, 1892, Arthur George Gaston Sr. prevailed over the barriers of the Jim Crow South to emerge as one of America’s most multifaceted and dynamic black businessmen. His example of strategic brilliance and unyielding tenacity served as a model of inspiration for generations of African American entrepreneurs—from John H. Johnson, the media giant who founded Ebony and Jet magazines, among other enterpris...
Booker T Washington on Wealth Redistribution
Business, Wealthy Thinking

Booker T Washington on Wealth Redistribution

The youth are regularly being led astray by their teachers, the education system, ideological organization, political parties and social media about the evils of the wealthy. They would have the children believe that socialism would be a better fit for America. As a parent, you may be confronted with socialist banter from your children and it is important to first analyse our own thoughts about wealth and the wealthy and then share counter arguments to our children who are being led astray. Wealth matters, it employs people, it allows for innovation, it constructs the life around us. Simply because we, ourselves, may not be wealthy doesn't mean that wealth itself is evil and we want our children to have a healthy relationship with money and wealth. As many a great minds have...