Jay-Z says he’s for the Occupy Wall Street movement and as part of the wealthy 1% of the country, the legendary rapper adds that he doesn’t mind paying more taxes... he would just want to know that his extra money is being allocated towards something important.

“Me personally, I wouldn’t mind paying more taxes if it went to the things that really mattered,” Jay-Z recently told CNN Money. “If it went to education, people in poverty, you know if it went to the right things, I wouldn’t mind. I think it should be more clearly defined. It should be clearly defined where all the money is allocated. It should be open accounting of where everything is going to.”

The Brooklyn MC adds that he believes others in the country’s wealthiest 1% would be willing to pay more taxes also, as long as they knew their money too was being put towards high-importance areas such as education and healthcare.

“I’m sure people, if it were for healthcare and for education and to help people, I think most people with a conscience, with some integrity and moral fiber wouldn’t have any problem paying more taxes,” Hov said. “[Occupy Wall Street] is good. It’s a good thing that young people are going out and getting their voice heard.”

During a press conference Thursday (December 8), Jigga announced that he’ll be performing two shows at New York City’s historic Carnegie Hall in February to benefit his Shawn Carter Scholarship Foundation and the United Way of New York City.  –Mark Lelinwalla