Is “Tipping” for Service a Cultural Thing?

by today's Urban Chameleon contributor

A friend of mine always says that he doesn’t understand why poverty exists. “If all the billionaires in the world got together and gave back we wouldn’t have poverty.”

But there may be a more fundamental problem to attack first...tipping. Some see this as an unjustified donation. In fact, another friend (a Black woman), told me she can’t stand to see a tip jar by the cash register, especially at a coffee house. “Why am I tipping you on $1.25 coffee, that’s like putting your hand out and begging.”

Meanwhile, a different friend (a Black man) over tips for everything, as if he’s personally trying to correct the actions, or rather lack of actions, of people like her who’ve given the race a bad name. If you’ve worked in the service industry in America, like I have, where tips are not included in the paycheck and the establishment you’re working for has factored this in, therefore paying you minimum wage, there may be justification for much ‘tude to someone who doesn’t tip you.

A cab driver in NY once told me that I should tip at least 20% when paying with a credit card. I wasn’t sure how I felt about someone telling me how I should spend my money on them, but in a city that makes you fend for your own one may be forced to speak up if they want to eat.

The stigma of Black folks not tipping has caused a cultural split, which ironically is reflected by my two friends; One side under tips or doesn't tip at all and the other over tips to overcompensate for the ones that don’t.

The friend who came up with the solution to end poverty, (who also happens to be Black), shared an article with me where Warren Buffet and Bill Gates were attempting to do exactly what he had suggested, gather all the billionaires around the world to tackle global poverty. However, one of the biggest challenges is first getting billionaires from around the world to understand the significance of “giving back,” a concept that does not even exist in some of their cultures.

It made me think about whether or not there might be a mental or emotional block in Black culture around tipping. Ya know there were all those years where we did work for free. Like anything else, some folks may just be moving at a slower pace to wrap their heads and hearts around this thing called tipping.

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14yr old Millionaire in the Making: Damon Williams

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Damon Williams is 14yrs old and already has a net worth of 50k from investing in stock. He one day asked his mama for some Jordans who basically said hell nah you betta invest in Nike and have them pay you to have Jordans and so he did. Check out his story



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Sports' First Billion-Dollar Man

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Tiger Woods cracks the $1 billion mark in career earnings.

Tiger Woods has been making history on and off the course since he joined the PGA Tour in 1996. First up was a record $40 million contract from Nike. The following year he won the Masters by a record 12 strokes, becoming the youngest winner ever and first black player to take the title. His career has been packed full of accomplishments, including major titles (14), annual money titles (9) and Player of the Year awards (9).

Now Woods can add one more accolade to his trophy case: the first athlete to earn $1 billion. Our calculations show that the $10 million bonus Woods earned winning this year's FedEx Cup title nudged him over the $1 billion mark in career earnings.

Forbes has been tracking athlete earnings since before Tiger turned pro. Woods had earned a cumulative $895 million going into 2009, by our estimates, from prize money, appearance fees, endorsements, bonuses and his golf course design business. If you add his $10.5 million in 2009 prize money, the FedEx bonus and his take so far this year from his more than $100 million in annual off-the-course earnings, Woods' career earnings are now 10 figures.

Woods has only two real competitors when it comes to career earnings among athletes: the two Michaels, Jordan and Schumacher, who dominated their respective sports for nearly 15 years. Jordan's earning peaked during his last season with the Chicago Bulls (1998-'99), when he earned $69 million in salary and endorsement income.

Jordan continues to earn $45 million annually, almost entirely from Nike ( NKE - news - people ). We estimate that Jordan has earned $800 million since he entered the NBA in 1984. Annual sales of the Jordan brand are now $1 billion for Nike, so MJ should hit the $1 billion mark in career earnings in the next four to five years.

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The Youngest Self Made Billionaire

by today's Urban Chameleon contributor

A friend of mine just put me on to Taysha Smith Valez, a 27 year old, Black female billionaire who is the CEO of her own beauty line. I couldn’t help but to be enthralled.

In an interview with Associated Content, Taysha says:

“I have brands that celebrate the Black American princess, the Japanese American princess, the Russian American princess, the Latin American princess, the French American princess.”

In addition she has a brand for the “Persian American Princess.”

Brief Bio: Taysha S. Valez de Ames, or Taysha Smith-Valez, was born on April 22, 1982 in New York City. She is a founder of three global conglomerates: TSV-HBGgroup Inc, TrimyTAY~Telecom Inc.(IBC), and TAY-SHA S. Valez de Ames Ltd. She is the author of "Young Black Millionairess: How to Start a Million Dollar Business", published by H.Couture Publishing, 2005.

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