Scott Galloway
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Podcast Appearances
Year-on-year in France, 81% in Sweden, 74% in the Netherlands. Their sales have been cut in half in Switzerland, 33% in Portugal. And their sales are down by two-thirds in Denmark. And what I don't get is he's such a ā he is a brilliant guy, but ā He's alienated his core demographic.
He's alienated the wrong people. Three-quarters of Republicans would never consider buying an EV. So he's cozied up to the people who aren't interested in EVs. And then California, which is the biggest EV market in the U.S., Tesla sales in the state have dropped 12%, and its market share has dropped almost 8%. And then let's just be clear about Doge.
He's alienated the wrong people. Three-quarters of Republicans would never consider buying an EV. So he's cozied up to the people who aren't interested in EVs. And then California, which is the biggest EV market in the U.S., Tesla sales in the state have dropped 12%, and its market share has dropped almost 8%. And then let's just be clear about Doge.
He's alienated the wrong people. Three-quarters of Republicans would never consider buying an EV. So he's cozied up to the people who aren't interested in EVs. And then California, which is the biggest EV market in the U.S., Tesla sales in the state have dropped 12%, and its market share has dropped almost 8%. And then let's just be clear about Doge.
It's not saving the US money, it's costing money because one of the recommendations they made was a plan to cut the IRS by 50%, which would essentially lead to a $400 billion increase in uncollected taxes. So if you're talking about effect on the treasury and our receipts, let's give them the benefit of the doubt and say it is 150 billion. Well, but if you lose 400 billion in uncollected taxes,
It's not saving the US money, it's costing money because one of the recommendations they made was a plan to cut the IRS by 50%, which would essentially lead to a $400 billion increase in uncollected taxes. So if you're talking about effect on the treasury and our receipts, let's give them the benefit of the doubt and say it is 150 billion. Well, but if you lose 400 billion in uncollected taxes,
It's not saving the US money, it's costing money because one of the recommendations they made was a plan to cut the IRS by 50%, which would essentially lead to a $400 billion increase in uncollected taxes. So if you're talking about effect on the treasury and our receipts, let's give them the benefit of the doubt and say it is 150 billion. Well, but if you lose 400 billion in uncollected taxes,
That's a quarter of a trillion dollar net loss to the U.S. government. So you're down about one and a half or two trillion dollars over the next 10 years because Doge has emasculated our ability to collect taxes from the people who know them. And I'm writing a newsletter this week called Tologarchs.
That's a quarter of a trillion dollar net loss to the U.S. government. So you're down about one and a half or two trillion dollars over the next 10 years because Doge has emasculated our ability to collect taxes from the people who know them. And I'm writing a newsletter this week called Tologarchs.
That's a quarter of a trillion dollar net loss to the U.S. government. So you're down about one and a half or two trillion dollars over the next 10 years because Doge has emasculated our ability to collect taxes from the people who know them. And I'm writing a newsletter this week called Tologarchs.
I think there's this transnational oligarchy class that's emerging where people get so rich they can afford their own security and their own rights. They're only their own family planning, their own schools, and as a result, they have less of a vested interest in the wellbeing and democracy of their native country. Anyways, and the problem is, or how this has arisen is the following, and that is,
I think there's this transnational oligarchy class that's emerging where people get so rich they can afford their own security and their own rights. They're only their own family planning, their own schools, and as a result, they have less of a vested interest in the wellbeing and democracy of their native country. Anyways, and the problem is, or how this has arisen is the following, and that is,
I think there's this transnational oligarchy class that's emerging where people get so rich they can afford their own security and their own rights. They're only their own family planning, their own schools, and as a result, they have less of a vested interest in the wellbeing and democracy of their native country. Anyways, and the problem is, or how this has arisen is the following, and that is,
What you see in America, and this has happened consistently, is that as income inequality has increased, a smaller and smaller group of people who are unified in their love of low taxes and getting richer continue to weaponize the government. And the result is, as wealth concentrates, political spending capacity increases,
What you see in America, and this has happened consistently, is that as income inequality has increased, a smaller and smaller group of people who are unified in their love of low taxes and getting richer continue to weaponize the government. And the result is, as wealth concentrates, political spending capacity increases,
What you see in America, and this has happened consistently, is that as income inequality has increased, a smaller and smaller group of people who are unified in their love of low taxes and getting richer continue to weaponize the government. And the result is, as wealth concentrates, political spending capacity increases,
which secures policy outcomes that further concentrate wealth, and you enter into a doom loop. The share of wealth at the top 0.1% since 1980 has tripled, their share of wealth. Political spending has increased 17 times in real terms on inflation justice basis. And what do you know? Combined corporate and top individual tax rates fell from an average of 58% to 29%. So
which secures policy outcomes that further concentrate wealth, and you enter into a doom loop. The share of wealth at the top 0.1% since 1980 has tripled, their share of wealth. Political spending has increased 17 times in real terms on inflation justice basis. And what do you know? Combined corporate and top individual tax rates fell from an average of 58% to 29%. So
which secures policy outcomes that further concentrate wealth, and you enter into a doom loop. The share of wealth at the top 0.1% since 1980 has tripled, their share of wealth. Political spending has increased 17 times in real terms on inflation justice basis. And what do you know? Combined corporate and top individual tax rates fell from an average of 58% to 29%. So
As the 0.1% gets wealthier... They get what they want. ...over the last 40%, their effective tax rate has been cut in half. So you just see a correlation here. And that is, unless you step in and redistribute income from corporations in the 0.1% to the middle class, they increasingly... And I live this firsthand.