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Pivot

Personal Investment Strategies, Effective Public Policies and Should We Tax AI?

19 Dec 2025

Transcription

Chapter 1: What questions do listeners have about taxing AI?

0.976 - 22.123 Kara Swisher

Support for this show comes from MongoDB. You're a developer who wants to innovate. Instead, you're stuck fixing bottlenecks and fighting legacy code. MongoDB can help. It's a flexible, unified platform that's built for developers by developers. MongoDB is ACID compliant, enterprise ready, with the capabilities you need to ship AI apps fast.

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22.103 - 33.463 Kara Swisher

That's why so many of the Fortune 500 trust MongoDB with their most critical workloads. Ready to think outside rows and columns? Start building at mongodb.com slash build.

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36.127 - 58.57 SPEAKER_00

Support for this show comes from Odoo. Running a business is hard enough, so why make it harder with a dozen different apps that don't talk to each other? Introducing Odoo. It's the only business software you'll ever need. It's an all-in-one, fully integrated platform that makes your work easier. CRM, accounting, inventory, e-commerce and more. And the best part?

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59.011 - 73.626 SPEAKER_00

Odoo replaces multiple expensive platforms for a fraction of the cost. That's why over thousands of businesses have made the switch. So why not you? Try Odoo for free at odoo.com. That's O-D-O-O dot com.

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77.082 - 96.407 Scott Galloway

Support for the show comes from Ferragamo. The holidays can be a good time to step back and take stock, and it's definitely a good time to get yourself or someone you love a gift that you can take with you into the new year. At Ferragamo, Holiday 2025 invites us into a new kind of nostalgia, where the memories we create today become the ones we'll replay for years to come.

96.387 - 117.687 Scott Galloway

Whether it's a sculpted leather, hug handbag, or an iconic Vera shoe, each piece is made to be enjoyed season after season. Ferragamo Holiday 2025, where memories from tomorrow come alive today. Visit ferragamo.com or your nearest boutique. I'm spending money like a 50s gangster just diagnosed with ass cancer.

120.164 - 124.71 Kara Swisher

Hi, everyone. This is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Cara Swisher.

124.891 - 125.832 Scott Galloway

And I'm Scott Galloway.

126.273 - 142.456 Kara Swisher

And Scott, this is our end-of-the-year listener mail episode. We're probably both elsewhere doing fun things. But are you ready to hear some emails and voicemails from our lovely listeners who, by the way, we have a full new appreciation for after meeting so many of them on our Pivot Live Tour. I really enjoyed that. Are you ready?

Chapter 2: What is the most effective policy to address American economic issues?

507.493 - 525.845 Scott Galloway

The right kind of security can make a deal or break it. But most founders and engineers can't afford to take time away from building their company to focus on that. That's where Vanta comes in. Vanta's AI and automation make it easy for your company to get big deal ready in days. And Vanta says they continuously monitor your compliance so future deals are never blocked.

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526.025 - 548.971 Scott Galloway

Plus, Vanta scales with you, backed by support that's there when you need it every step of the way. With AI changing regulations and buyers' expectations, Vanta knows what's needed and when. And they built the fastest, easiest path to get you there. That's why serious startups get secure early with Vanta. Get started at Vanta.com slash ProfG. That's V-A-N-T-A dot com slash ProfG.

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549.592 - 573.786 Scott Galloway

Vanta.com slash ProfG. Support for the show comes from Vanguard. To all the financial advisors listening, let's talk about bonds for a minute. Capturing value and fixed income is not easy. Bond markets are massive, murky, and let's be real, lots of firms throw a couple flashy funds your way and call it a day, but not Vanguard. Vanguard bonds are institutional quality.

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573.806 - 592.67 Scott Galloway

Institutional quality isn't a tagline. It's a commitment to your clients. It means top-grade products across the board. The lineup includes over 80 bond funds. They're actively managed by a 200-person global squad of sector specialists, analysts, and traders. Lots of firms love to highlight their star portfolio managers like it's all about that one brilliant mind making the magic happen.

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592.931 - 604.045 Scott Galloway

Vanguard's philosophy is a little different. They believe the best active strategy shouldn't be locked away with one person. They should be shared across the team. That way, every client benefits from the collective brainpower, not just one individual's take.

604.466 - 625.423 Scott Galloway

So, if you're looking to give your clients consistent results year in and year out, go see the record for yourself at Vanguard.com slash audio. That's Vanguard.com slash audio. All investing is subject to risk. Vanguard Marketing Corporation, distributor. Support for the show comes from ZBiotics. So I drink a little bit less these days.

625.503 - 645.545 Scott Galloway

I'm trying to tone down my consumption of alcohol, as I think is a good idea when you get to my age, 50. But when I do pour myself a cocktail, I want to make sure my next day also feels great. Or let me say, just to be honest, less bad. And if you want to feel your best in the morning or better in the morning, you could start the night before with Z-Biotics.

645.565 - 653.198 Scott Galloway

Z-Biotics pre-alcohol probiotic drink is the world's first genetically engineered probiotic. It was invented by PhD scientists to tackle rough mornings after drinking.

653.178 - 678.308 Scott Galloway

and according to zbiotics here's how it works when you drink alcohol gets converted into a toxic byproduct in the gut it's this byproduct not dehydration that's to blame for your rough next day pre-alcohol produces an enzyme that breaks this byproduct down just remember to make pre-alcohol your first drink of the night drink responsibly and you'll feel your best tomorrow so true story i did zbiotics last night because i knew i'd have a couple cocktails after my speaking gig last night

Chapter 3: How do Kara and Scott manage their personal finances?

2204.621 - 2205.682 Scott Galloway

In the middle of COVID.

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2205.702 - 2227.843 Kara Swisher

We have tattoos. I'm going to find those. There are Scott and Kara tattoos. They were good, actually. Huh. All right, everybody. You got to try harder. Come on. Come on. Send more. Okay. Scott, that's the show. Time to say goodbye. Thank you, listeners. And again, I truly and so does Scott appreciate you. And we were very touched by all your questions on the tour.

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2227.883 - 2233.508 Kara Swisher

And we're touched by these questions, too. And we truly appreciate it because we love our fans. So, Scott, read us out.

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2233.758 - 2249.198 Scott Galloway

Today's show was produced by Larry Naiman, Zoe Marcus, Taylor Griffin, and Christine Driscoll. Ernie Todd engineered this episode. Manuela Moreno edited the video. Thanks also to Drew Brose, Ms. Sevira, and Dan Shalon, the Chakrawas Vox Media's executive producer podcast. Make sure to follow Pivot on your favorite podcast platform.

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2249.278 - 2258.55 Scott Galloway

Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at nymag.com slash pod. We'll be back next week for another breakdown of all things tech and business.

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