So do your own! Them scumbags is making moneybags
In the meantime, your Karl Kanis turn to rags
Cause labels don't know shitty rappers from any rappers
So listen rappers, they only know how to pinch a penny, rappers
I end up bankrupt and penniless, while you remain the rich man

from R.A. The Rugged Man – Every Record Label Sucks Dick Lyrics on Rap Genius

Meaning

He’s warning his fellow rappers that record labels only know how to profit themselves off of the rappers music and could care less about how much money the rapper gets off of it. That’s why the labels remain rich and the rappers that are signed to them will go from people who can afford clothes from Karl Kani, which is a hip-hop influenced fashion company, to broke lowlifes with rags on themselves, like R.A..

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