Exploitation of poor people and minorities in the form of price markups on goods and services. For example, higher rates for insurance, usury in loan rates, and "vending machine" level prices from the corner store.
Andrew Young's pro Wal-mart statements were criticized because of the racial element, but he was simply and correctly talking about one form of the "ghetto tax".
by Thin Guy August 19, 2006
The price you pay for living in the ghetto, e.g. gettin your motherfucking windshield smashed by a thrown old spice bottle as you're driving the car, gettin your bike stolen in broad daylight, etc.
by Swans July 20, 2008