The Prof G Pod with Scott Galloway
How to Fix the Tax Code + the Problem With Corporate Jargon
08 Jun 2026
Transcript generated automatically by AI and may contain errors.
Chapter 1: What is the main topic discussed in this episode?
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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? 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.
Welcome to Office Hours with Prop G. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. Anyway, if you'd like to submit a question for next time, you can send a voice recording to officehoursofpropgmedia.com. Again, that's officehoursofpropgmedia.com.
Or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. I have not seen or heard these questions. Our first question comes from David who emailed us.
Scott, I'm writing to get your thoughts on the concept of a national sales tax, specifically, what do you think about a tax that would apply to everything other than unprocessed food with an additional luxury tax included? I would be interested to hear your perspective on this idea. I think we have that. I think it's called federal taxes or a VAT, a value-added tax, which is big across Europe.
So the lowest income quintile spends $35,000 a year, exceeding their reported income, while the highest quintile spends $150,000 a year. A flat sales tax effectively hits the bottom group at nearly 100% of disposable income. So I don't like sales taxes because I feel like they're regressive. There's something I just don't see...
I'm just not down with pretty much any tax at this point that taxes any household making, say, less than $60,000 or $80,000 a year. I just think they've gotten hit so hard from inflation, from outpacing wage growth, oil price spikes, 22% of their costs related to energy. So it feels like we've outsourced so much pain to lower- and middle-class households recently that I don't think—
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Chapter 2: What are the implications of a national sales tax?
You know, it takes a certain amount of discipline, but I think really good leaders, Tim Cook just stepped down and he was known for not saying anything in questions. I think typically you have a bad culture or a fucked up culture or a culture that can be improved. Let's do that. And this was most of the cultures I think Am I being unfair with myself?
A mistake I made is a lot of the meetings I was in where I was running the company, I spoke more than most people. And that's just not good. I used to think that was leadership. I've now come to believe that good leadership is asking people a lot of questions, giving them an opportunity to speak.
and listening and trying to get to the right answer as opposed to impress everybody and convince yourself and them why you're the top guy or gal. So if I had to do again, I don't think it's corporate speak. I think it's less speak is what you want to aim for and ask a lot of questions.
as a manager and and then participate don't be afraid to talk don't be afraid to use try and replace your corporate speak with data and that is here are the numbers here's the evidence i think this might be telling us x um i found some interesting data how i interpret it is the following i mentioned the group's response but i think people sort of begin to wince a little bit when someone just uses a ton of bcg speak if you will
uh so listen more if you can especially as a manager don't be afraid to speak up but make sure it's you're adding value you're asking good questions that's one thing junior people don't do a lot of is ask questions i think that's important when you don't understand something to say well what about this or what do you mean by that and then try and replace the corporate speak with data if you will anyways appreciate the question we'll be right back after a quick break
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Chapter 3: How does a sales tax impact lower-income households?
So when you want to reach the right professionals, you can use LinkedIn ads. LinkedIn has grown to a network of over 1 billion professionals and 130 million decision makers according to their data. We'll see you next time.
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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.
Welcome back. Question number three comes from a listener who emailed us. Scott, I'm a 25-year-old male early in my career who took a two-year contract in London last September. It's been professionally transformative, but personally brutal at times. My partner stayed in the States, and the distance is straining.
I'm debating cutting the contract short at the end of 2026 to be with her in New York. I feel genuinely alive here, but I can't share with the people who matter most, which hollows it out. You preach optionality and doing hard things while you still can, but you also say don't over-optimize your status at the expense of relationships. So which is it? Finish what I started or go home to her?
Love your work. Thanks. So this is a good problem. You're in London with a good job, it sounds like, and you love somebody or you're into somebody. and you want and miss each other.
So, boss, I don't know if you're 21 months away from your 24-month or three months, but my advice would be to stick it out and figure out a way to get home more often or get back to New York more often or figure out a way to get her here more often, because time goes really fast. And if the relationship is really weak, long distance is hard, but if the relationship is really weak,
and you move back thinking you're gonna save the relationship and then the relationship doesn't work out, you're shit out of luck with no relationship and no job. So I hated investment banking. I knew that from day one, it was a 24 month analyst program. And I knew right away in the first week, I'm like, I'm not good at this and I hate it here.
And, but I'm like, it's two years and it'll be good for me to stick it out. So I'm kind of, I'm just not a Hallmark channel here, you know, go with your heart, go with love.
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Chapter 4: What is the Fair Tax Act and its proposed changes?
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