Gary Michaels
speaker
226 appearances
15 recordings
1 series
first heard Jun 2024
last heard Feb 2025
Gary Michaels’s voice in public audio — every appearance, attributed to the second.
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Are you doing anything currently, either consciously or subconsciously, to further the legacy with your 10 employees and further that we are a legacy company? We are a company that's making a lasting difference.
As our listeners hop off the podcast today, if there was one message that you'd like them to leave with that they would just go, hmm, I want to do that to better my life. What would that message be that you hope you've conveyed to them today?
Awesome. How would someone get in touch with you?
Well, thank you so much, Amanda.
If you've enjoyed today's podcast and want to learn more, visit us at southwesternlegacy.com. Shoot us an email via our easy contact form to find out how you can become an agent or how we can meet your needs for final expense coverage. You can find this and other episodes at letstalklegacypod.com on Apple Podcasts, Spotify, Amazon, and anywhere else you listen to podcasts.
Let's Talk Legacy is a presentation of the Southwestern Legacy Insurance Group, a member of Southwestern Family of Companies.
Welcome to Let's Talk Legacy. I'm your host, Gary Michaels. Today, our guest is awesome. Garrett Neiman is a serial nonprofit entrepreneur, an activist, founding CEO at College Spring, co-creator of Liberation Ventures, and senior fellow at Prosperity Now. He is also the author of the new book, Rich White Men, What It Takes to Uproot the Old Boys Club and Transform America. So welcome to the show.
I appreciate it, Gary. Thank you so much for having me. Let's dig right into some questions and have a really healthy conversation here. We're going to talk about a few things today that for many of our listeners play major roles in shaping a legacy, which is what our show's about. And those are race and wealth.
You're dedicated your career to helping the rich give their money away to social justice causes. But I want to start with the hard question a lot of listeners might be thinking. You are a successful white man. So what qualifies you to speak objectively on things like inequity and privilege? And give us your background.
So you say that people at the top, often rich white men, too often are preserving their wealth over generations using what you call compounding unearned advantage. So what is compounding unearned advantage?
What exactly is the problem with someone wanting to preserve their wealth for future generations, especially within their own family?
What would that look like for you if the United States invested in these people more than they are now? For you could say, we actually are a society that does do this.
What would be some of those opportunities? What does that look like for the government to really give more?
Got it. That's big. Let's talk a little bit about what you kind of explain as an interesting relationship between luck and power. Can you talk to that a little bit?
This is my definition. I'd like to hear what your thoughts are on it. Luck is where preparation meets opportunity. Do you think that just because a person maybe is at a lower economic level, a lower status level, they should still be able to be given privileges if they haven't put the work in, the preparation? Are they still entitled? Because that's not healthy for the society either.
That makes sense. Now, surely the problem can't be exclusively limited to white men. There must be some examples of wealthy women using compounding unearned advantage or wealthy individuals of other races. What does the research show? Do you have any statistics that can illustrate the imbalance a little bit? Yeah.
Now, we've talked a little bit about these two separate issues here, race and gender and inequity in it. Is one posing a larger challenge than the other? It's a really good question.
A lot of people nowadays like to say there's no such thing as a good billionaire. Is that really the case? And is that really the fault of the person themselves or the tax system or other systems that have been built around them?
So we have a lot of listeners who are very successful and might find themselves in this advantaged position you're talking about. but also are already generous. What can people like that do to be more sympathetic to what you're saying?
That's an interesting perspective. Let's move into legacy a little bit. What does legacy mean to you?
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