Scott Galloway
π€ SpeakerAppearances Over Time
Podcast Appearances
Whether you give it to people in the form of services, universal childcare, healthcare subsidies, I don't know.
I'd wanna see studies on that.
But yeah, I agree.
We need to figure out a way to put more money in the pockets or help lower and middle-class people keep more of their money.
I'm down with that, but we gotta pay for it, Mr. Bezos.
And the fact that you've aggregated $120 billion in wealth
You know, people say, people demonize billionaires like Bezos, and I don't agree with the far left either, that he didn't earn his money.
He was born to a single mother when she was 17.
He's a genius.
He deserves to have earned $120 billion in wealth.
What is wrong is that we have failed to elect people who maintain a progressive tax structure, similar to the tax structure we had in the 60s, 70s, and 80s, where people who made $120 billion, the equivalent of that, were taxed at 60, 70, or 80%.
You might think, you know, that's going to discourage innovation and innovators, and they're more productive with capital than the rest of us.
Well, there's a kernel of truth in that, except the downside of letting people aggregate so much power is they weaponize government and they decide who gets elected.
And generally speaking, we don't look back on history and say, wow, I wish the most powerful people had had more power.
So taxation to a certain extent is what protects us from the aggregation of power.
And so I believe we need a progressive tax structure.
Now, what do you want?
You want taxes that are the least taxing.
What do I mean by that?
If you were to tax people for every time, 100% tax for every dollar they spent on taxes,