Scott Galloway

And the thing that, also just the thing that deserves a nod is the best VC in the world is not Andreessen Horowitz or whoever initially funded SpaceX.

Well, it's, in my opinion, it's Uncle Sam.

And that SpaceX investors and the banks taking SpaceX public should remember that we would not be here today without grants from the federal government.

In 2008, SpaceX was on the verge of bankruptcy and would likely have run out of money if not for a grant from NASA.

And the golden law- Same thing with Tesla.

Same thing.

And then the golden law of stupidity here, Trump is trying to cut NASA's funding by more than 20% this year.

Best VC in history, whether it's medical research for our universities or electric charging stations, and they would argue back, well, they're gonna get their bite, they're gonna get enormous return through tax revenues.

The big debate this will stir is in America we've been talking about for decades now, what's dominated the conversation is how you create wealth.

The conversation that is superseding that is what you should do with wealth.

once you have it.

And so right now, Elon Musk could buy all of Manhattan, every building, every condo, every park with his, that's how much money he has right now.

And whether or not this level of concentration of power, which comes in a capitalist society for money,

And I'm of the mind that I think it's important that eventually, and I'm in favor of eventually having trillionaires, but we should have guardrails over the power and progressive taxation, which we don't have right now.

You're talking about, okay, but I think we need to parse that.

And that is, if you look at billionaires and their wives, the wives have hands down been more philanthropic.

And it doesn't, and the quote unquote billionaire masters of the universe have not acquitted themselves well on a lot of levels.

But there's just no doubt this type of wealth creation event is going to result in a surge in philanthropy.

It just does.

Hopefully.