Scott Galloway

People are crying that. Oh, yeah. Interest rates will go up. They already are. We just lost our AAA credit rating from, I think it was Moody's.

So we saw the 10-year go up, which means student loans, mortgages, everything, companies' ability to borrow money to pay for additional factories. So basically, everyone in America is going to pay slightly more money for everything. That's what an increased interest rates do, such that we can fund a tax cut for the top 5%. and where credit will be fine for a while.

So we saw the 10-year go up, which means student loans, mortgages, everything, companies' ability to borrow money to pay for additional factories. So basically, everyone in America is going to pay slightly more money for everything. That's what an increased interest rates do, such that we can fund a tax cut for the top 5%. and where credit will be fine for a while.

So we saw the 10-year go up, which means student loans, mortgages, everything, companies' ability to borrow money to pay for additional factories. So basically, everyone in America is going to pay slightly more money for everything. That's what an increased interest rates do, such that we can fund a tax cut for the top 5%. and where credit will be fine for a while.

I don't think that there's going to be a failed treasury auction for a while. But effectively what this is, is people under the age of, call it 40, have to borrow an additional $5 trillion to pay for tax cuts for the old and the wealthy. And people say to me always at the time, Scott, it's not young versus old, it's poor versus rich. They're the same fucking thing.

I don't think that there's going to be a failed treasury auction for a while. But effectively what this is, is people under the age of, call it 40, have to borrow an additional $5 trillion to pay for tax cuts for the old and the wealthy. And people say to me always at the time, Scott, it's not young versus old, it's poor versus rich. They're the same fucking thing.

I don't think that there's going to be a failed treasury auction for a while. But effectively what this is, is people under the age of, call it 40, have to borrow an additional $5 trillion to pay for tax cuts for the old and the wealthy. And people say to me always at the time, Scott, it's not young versus old, it's poor versus rich. They're the same fucking thing.

Because if you look at the people who would benefit most from this tax cut, yeah, they're the rich, but they usually are people in their 60s and 70s. I think the Democrats need to do a better job of, you realize this is like a household that's taking on, right now the household makes 50 grand, spends 70 grand, has 370 grand in debt and is about to take on another 50 grand in debt.

Because if you look at the people who would benefit most from this tax cut, yeah, they're the rich, but they usually are people in their 60s and 70s. I think the Democrats need to do a better job of, you realize this is like a household that's taking on, right now the household makes 50 grand, spends 70 grand, has 370 grand in debt and is about to take on another 50 grand in debt.

Because if you look at the people who would benefit most from this tax cut, yeah, they're the rich, but they usually are people in their 60s and 70s. I think the Democrats need to do a better job of, you realize this is like a household that's taking on, right now the household makes 50 grand, spends 70 grand, has 370 grand in debt and is about to take on another 50 grand in debt.

And by the way, when mom and dad die, they'll have spent all that time going to Cabo and partying and buying a Lexus. But that debt is going to be inherited by their children. It strikes me as just such a criminal act against the young. And we don't frame it that way. We say, OK, we need to lower taxes. And also, I think if you came to the table—

And by the way, when mom and dad die, they'll have spent all that time going to Cabo and partying and buying a Lexus. But that debt is going to be inherited by their children. It strikes me as just such a criminal act against the young. And we don't frame it that way. We say, OK, we need to lower taxes. And also, I think if you came to the table—

And by the way, when mom and dad die, they'll have spent all that time going to Cabo and partying and buying a Lexus. But that debt is going to be inherited by their children. It strikes me as just such a criminal act against the young. And we don't frame it that way. We say, OK, we need to lower taxes. And also, I think if you came to the table—

and said, there are really some hard decisions to be made around our biggest entitlement programs, Social Security, Medicare, Medicaid. We have to make really ugly, severe cuts, and we're gonna match those cuts

and said, there are really some hard decisions to be made around our biggest entitlement programs, Social Security, Medicare, Medicaid. We have to make really ugly, severe cuts, and we're gonna match those cuts

and said, there are really some hard decisions to be made around our biggest entitlement programs, Social Security, Medicare, Medicaid. We have to make really ugly, severe cuts, and we're gonna match those cuts

proportionate or two to one with tax increases on corporations who are paying the lowest taxes since 1929 or in the very wealthy who continue to see a regressive or enjoy a regressive tax rate, I think you could make a moral and an economic argument for making those types of really deep, terrible cuts.

proportionate or two to one with tax increases on corporations who are paying the lowest taxes since 1929 or in the very wealthy who continue to see a regressive or enjoy a regressive tax rate, I think you could make a moral and an economic argument for making those types of really deep, terrible cuts.

proportionate or two to one with tax increases on corporations who are paying the lowest taxes since 1929 or in the very wealthy who continue to see a regressive or enjoy a regressive tax rate, I think you could make a moral and an economic argument for making those types of really deep, terrible cuts.

And then said, okay, because there's some hard decisions to be made and we're going to start a path towards fiscal responsibility, which will ultimately lower the interest costs on our debt, which will ultimately lower the costs for everybody. But folks, we can't afford to keep spending the way we're spending and we can't afford to not bring in more revenues.