“In the entertainment business, they usually don’t pay taxes out of your check,” Lover said. If you don’t know about withholding - or you don’t care about the money you’ll be owing the government next year - it’s easy to fall into a “sufficient unto the day” attitude. In the music industry, stars usually get their money upfront and in full. “When you don’t come from money, you have no one to teach you about money,” he said. Perhaps the real culprit is a culture that showers riches on people too young or inexperienced to manage them, said Sirius XM radio host Ed Lover, who became well-known in hip-hop circles through his long stint as a DJ and a VJ on MTV. I take full responsibility for my actions.” I’ve been fighting for existential and economic freedom.” At his sentencing, Leland Robinson said he was “not a criminal,” while being “totally remorseful. In an open letter last month, Lauryn Hill blamed “an old conflict between art and commerce. “The problem is that I don’t have the right people in the right places doing the right things,” Blige said in a published report last May. It’s an age-old question: Why do so many music people have so much trouble with money?īad advice, bad habits, lack of fairness in the music industry itself - all have gotten the blame.

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