Scott Galloway

They want your mum's fucking house and they're going to get it.

Unless this is it.

Listen, if you do not fund your army, you will get invaded by a foreign army.

And if you do not fund your IRS, then Elon Musk will have your mum's fucking house.

This is your army to protect your assets from your domestic billionaires, your domestic.

And they are the real threat to the American public's wealth.

Yeah, you know, I've thought about using the term hoarding more.

The inheritance tax, the estate tax has been massively, massively, massively demonized for a long time.

And I understand why.

I think the most obvious thing that you should do to change estate tax is change the timing.

There is no reason why, there is absolutely no reason why that tax needs to be timed at the time your dad dies.

There's no reason.

You know, your dad dies when you're 30 and my dad dies when he's 70 and we pay the tax at totally different times.

Set it on your dad's 110th birthday and set it at an incredibly high rate on incredibly high amounts.

Simple as that.

And then it's not a death tax anymore.

It's a hoarding tax.

But what really needs to be done is people need to understand that if you allow the super rich to accumulate wealth very quickly, what that means in very literal terms is your family loses its wealth and your government loses its wealth.

You know, that's people...

need to understand that we do not live in an infinite sum world.