Scott Galloway
👤 PersonAppearances Over Time
Podcast Appearances
So we are in late-stage capitalism where the top 1% or 2% are capturing all the gains.
And the point of government is
is to have refereed capitalism, and you have to have a redistribution of wealth.
And the far right and incumbents would like to convince people of your generation that there'll be more opportunity and the middle class will heal itself naturally.
Bullshit.
Throughout history, the middle class doesn't exist.
It existed for a brief period in post-World War II Europe and America and in China.
because of a constant redistribution of capital and opportunity back to the households who are less fortunate.
And we have given up on that in America, or we're slowly giving up on it.
So it's, you know, the illusion of complexity gets in the way of everything here.
There are common sense solutions for all of this.
Do you need to cut spending or raise taxes?
The answer is yes.
Do you need to provide young people with a shot at buying a home?
build a ton of houses, tax incentives to unleash the private sector on building a massive number of houses, reduce regulation.
Do you need greater taxes on corporations?
Do you need to break up the cartel and the trust of my industry, academia, such that kids can achieve certification at a lower price?
Do you need more tax policies that tax capital, not labor, such that it takes money out of my pocket and puts it into your pocket, such that you, Ed, are more attractive?
to the opposite sex and can provide for them, and we acknowledge that women want providers and protectors, and you can have kids and you can feel good about America, and you decide to serve and you decide to run for office, and we re-inspire this upward spiral.
Instead, we make all of these bullshit excuses for why the rich should get richer and richer and richer, and we elect a strongman because we'd rather have a strongman who's an autocrat than a bunch of weak liberals