Scott Galloway
👤 PersonAppearances Over Time
Podcast Appearances
It's just we have made a conscious decision not to distribute it equally.
And one of the ways that there's regulatory capture is this weird form of oligarchy, cronyism meets socialism,
where the president decides after leaving a trail of unpaid subcontractors and bankruptcies that he understands business better than anyone.
And rather than going through the process of checks and balances to pass laws, he says, no, we should invest in Intel.
No, we should have one golden share in U.S.
steel and control it.
No, I'm going to write laws unilaterally that transfer wealth from 490 of the 500 S&P to the 10.
I'm going to neuter the IRS such that the wealthiest Americans where there is a tax gap of six or $700 billion a year in uncollected taxes continues to go uncollected.
We have all these arguments, these false arguments around left versus right.
It's not, it's top versus bottom.
And it's also the fact that our taxes would not need to go up if everybody paid them.
The only place the president isn't advocating for AI is AI and the IRS, because there is so much incentive now
to skirt tax laws and the tax code going from 400 to 4,000 pages.
There is so much incentive for the wealthy to continue to sequester educational certification and housing from anybody else because they already own these assets.
That the middle class are being priced out of America and there's a lack of distribution of wealth.
And the unfortunate thing is that America puts up with it because Americans are so optimistic that they believe there's a decent chance that they or their kids at some point will be in that position.
0.1%.
Where it's most apparent is the boring shit.
17% of our GDP goes to healthcare, $4 trillion.
If we brought those costs down to what they were in the rest of the modern world, we'd save $2 trillion a year, which indirectly would solve our deficit.