Listening to this again several years later and it still maintains deep quality and persistent accuracy and assessment of our present condition. Well done.
The fact that Scott is so happily blind to the point Sanders is making on special interest money is worrisome. The point Sanders is making is not that billionaires or millionaires are bad people and it's bad to take money from evil bad people. If that were true, any "bad" person making any sort of campaign contribution would be a stain on a person's campaign. The obvious point he's failing to argue against is that when billionaires make donations to people like Mayor Pete, that's not a charitable donation made on good faith in support of someone you like. That's a bribe. Now, that bribe isn't secured by a lot, but it's secured by loyalty, or else those bribes go to someone else. The very obvious problem with this kind of behavior is that rather than being beholden to the people who actually vote for you and if you win, to the entire country, you're more inclined to feel more loyal to those who gave you money and made your election possible via ads and other campaign costs. This is anti-democratic and it just so happens to be the way politics functions. Yes, Bloomberg may have less incentive to respond to political bribery, but just like any other billionaire, he has business relationships he wants to maintain. That kind of loyalty is unacceptable.
It is based on a pretty common misconception though: The mere fact that left-ish critiques of the bilionaire class (or the role of money in politics more generally) appeal to a set of widely shared moral intuitions (and sometimes - as in the case of Sanders - are used in an instrumental way specifically to that end) does in no way justify simply equating them with moral condemnation. Yet doing precisely that has become almost a defining feature of contemporary liberalism. It's pretty easy to see why this is the case though: Dismissing them as simple-minded moralism offers people a convenient excuse (by appealing to a - grotesquely misguided, ofc - sense of intellectual integrity/superiority) for not thinking too hard.
I agree it's disappointing that for all the insight, academia and thought of these guys in the end it feels like a conversation between two smart lucky rich guys, and I'm not against none of their success but the issue is the tide needs to lift all boats wealth inequality is out of control
Sam Galloway seems to ignore the Billionaires ability to BUY power and law writing instead of merely voting for it like the rest of Americans. THIS is what people find unethical about the Billionaire donor class.
I think you misunderstood. He said a few times that he would have liked for Congress to pass campaign finance reform, but they haven't. What he did say is that Trump has a shit ton of money and money matters in our system. Having money a billion to spend is a pre-requisite in the system we have. You should relisten and leave your bias toward people that have money at the door.
Jordan Chiaruttini And why the fuck do you think our government can’t get anything done for the good of the people? The corporations and the ultra wealthy lobby for their own self interests, and they feed the dysfunctional system. It’s really stupid to imply that it’s not the corrupters fault. They are just doing what the corrupt will allow. No, all involved in these exchanges are a blight on humanity, period.
Jordan Chiaruttini - I thought he was Straw manning the argument. He kept defending Billionaires as nice people as though people are merely accusing them of being bad people. The Argument he avoided is, is it ethical to buy influence and law writing instead of merely voting for it.
@@daniellove162 It's not a straw man. People have villified them over and over and over again as inevitably bad people. Elizabeth Warren said on the debate stage in front of the whole country that the only way to become a billionaire is to do unethical things. Sanders has said that they shouldn't exist!! The Democratic party, in general, likes to villify anyone with money, even simple millionaires, as inherently bad. And he didn't avoid the argument about buying influence. They both stated multiple times that they'd like to see campaign finance reform, but that it isn't up to billionaires to do this. They talked about the corrupting influence of money, why billionaires should be taxed more, why it's unethical that we tax money that is earned through work less than we tax money that is earned by having money, ie - capital gains. Don't feel bad though. You and virtually every progressive does this. It's like you can't separate the system from the people who are just really good at the system. But it turns a lot of people off and it's one of the reasons why Dems are very likely going to lose to this fucking grifter again this year.
@@jordanchiaruttiniREALTOR Poppycock. 1) it is neo-classic economics that teach us that any entity that makes superprofits on long term does so in a condition of practical monopoly e.g. rent. Those good at it people are good only at one thing, gaming the system and screw everybody else. 2) Cut the bullshit about the poor billionaires that cannot help if the system is bad. The system is shaped and controlled by the Koch, the Mercer, the Bloomberg, the Bezos the Zuckerberg and the Davos crowd. Tax laws are shaped by them, civil law is shaped by them, judges and politician are bought and sold by them, that is, through their K street proxies. You do not need to 'woke' or an eye swivelling wannabe marxist to see that extreme wealth is a problem in its own right. Proto agricultural societies with potlach realized that. Aristoteles figured it out 2350 years ago. Likewise Machiavelli 500 years ago. And so the Founding Fathers and Teddy Roosevelt. If you let an oligarchy to develop, it will always destroy a democracy. Rome, Athens, Florence, USA 120 years ago or today makes no difference. Huge concentration of wealth cannot cohexist with democracy. Stop feeling bad for the stressed billionaires. Most of them got there being sociopaths. They can take care of themselves.
I do not know why, but something inside of me got to feel just a little bit better as I listened to Scott Galloway explain that opportunity for labor level citizens is non existent. My own personal sense of guilt eases, and is replaced by an anger at those who would make my life even harder for their own profits. I believe low wage, "gig" type workers in america are being pushed to a breaking point. This election, may be the big snap. I was afraid of the labor revolution and the violence that surely would follow. Now, after hearing it verified to be one of the few methods of change, I see it as inevitable.
Interesting look back politically and pre Covid. The theories of wealth inequality and much else said should be everyday human topics to create a better country. Thx Sam and guest.
So now you have to subscribe to hear the entirety of the regular podcasts. I've been listening for years and this is the first time I can recall this happening.
@@adamplentl5588 how many hours of free content have many great thinkers given us on youtube? Sam is one of the only ones pulling this kind of sales model and in my opinion its bs. He says you can get it free, just message. Except it's more like you have to message multiple times and hope(for those who truly cant afford it)
If you’re doing well financially and your health is fine then good for you! Keep voting for people who don’t care about actual change, stay scared of change. Inequality and hierarchies are natural, but so is a predator hunting its prey. Maybe when it gets bad enough we’ll all be on the same page.
Fantastic point! Billionaires are a natural product of power differentials, just like viruses are a natural product of biology. But what good does it do anybody to let viruses and billionaires run rampant.
Mason McCarty Don’t viruses kill the host if you let them get out of control? Hmm... The host is ... capitalism? Or more accurately the system we have based upon capitalism? Don’t these parasites realize that they are killing the system that they depend on? Well we will see if we repeat 1929 and people are jumping out of windows again.
What Scott doesn't understand is that those 47 billionaire backers Pete had came with strings attached. That's why its important. In terms of the wealth tax, you need to remember that these people make money off their wealth, at least 7% per year. So that 2% wealth tax doesn't actually reduce the persons wealth year over year. If you think they will leave, you simply need to reform our laws so that their capital gains follows them around the world. There shouldn't be tax havens, period.
It's cute when 80 IQ hobos like you want to take away other people's money. Where did we see that in the past? Oh yeah. The mentioned Hungary, for example (or the whole communist block) when your Soviet friends took over. Have you heard this Hungarian joke from the Soviet era? A man enters a shop. -Hello sir, do you have sausages? -No sir, we don't. This is the bakery. It's bread that we don't have here.
I like to view the intro song like Sam is learning guitar and did the intro lick himself and is super proud of it. Now I'm filled with glee everytime I hear it.
Love these little moments, listening to Sam whilst feeding my daughter her milk in my local cafe and having a coffee. Became a stay at home dad and can honestly say I’m the happiest I’ve ever been and I don’t get paid anything! 😂👍🏻 👶🏻 🍼 ☕️
A wealth tax isn't the only policy proposed to mitigate wealth inequality. They're also fighting for a minimum wage increase AND medicare for all. That would alleviate a TON of financial burden on the middle class.
@PostHawk Is it "stealing" from them when they've made their wealth off of tax payer money? I'm sure Amazon along with the rest of the huge corporations who pay less percentage of taxes then the middle class have made all their wealth without ever using any public service. I'm sure all rich people never benefited from public schools, public roads, public transportation or any form of welfare whatsoever. How would they have made all that money with no tax funded infrastructure to help them along the way? I'm sure they all just educated themselves and walked their asses to work to make all the money have. BTW, a big part of why poor people are often overweight is because of their shittier diets because that's what they can afford. Minimum wage increase is good for the economy. If you give people more power of purchase, it turns out they spend more. Also if they did get laid off, they can just go around and find another job with the same pay. If I made more money, I'd also spend more. Now multiply that by the millions. How is that bad for the economy? And while we do live better then Kings and Queens of past times, that doesn't mean our standards of living should stagnate with them. If we could make it this far... why stop there? Should we never update our living standards? What if medievel peasants said "we live better then cavemen, so this is good enough!"
@PostHawk I'm not saying we need a wealth tax to pay for roads, but cutting taxes on the rich doesn't help anyone BUT the rich. The rich have been allowed to buy politicians to rig the system in their favor for decades, which is why Bloomberg is the last candidate I'd ever vote for and why I disagree with Sam and Scott on this one. Amazon DOES use the USPS to deliver packages: Confessions of a U.S. Postal Worker: “We deliver Amazon packages until we drop dead.” "the carrier says that between 75 and 80 percent of the packages they deliver are Amazon packages" gen.medium.com/confessions-of-a-u-s-postal-worker-we-deliver-amazon-packages-until-we-drop-dead-a6e96f125126 If Amazon is working them to death, it's only fair that they pay more taxes for killing them with work. Considering that they're worth $1 TRILLION... why was Amazon's federal tax rate only 1.2% in 2019? If they make orders of magnitude more money than the average american, why are they paying only 1.2% tax rate? You and me don't pay that little in taxes and we won't EVER see that much money in 100 lifetimes. What they pay in taxes isn't even close to pocket change. What if you're boss told you he was going to double or triple your work load for the exact same amount of money he's already paying you? Do you just take it up the ass or do you ask for a raise?
Carlos Sandoval You do realize that tax cuts are not tax revenue that’s being distributed correct? Also the USPS was in danger of crumbling or becoming a major monetary loss until amazon gained in popularity. Maybe you forgot but people really stopped sending letters when this crazy thing called email happened. Yes amazon didn’t pay taxes, because they are taking advantage of tax benefits given to companies to incentivize growth. All of the individuals working at amazon pay taxes, including Bezos and all the super rich board members and managers. Compared to the middle class you have a point, the “rich” too 10% (we are talking about people who make a little over 100k a year and up). Pay less as a percentage of income in taxes, however they are also responsible for paying the vast majority of all actual taxes collected. While the bottom 50% or so of Americans pay none. So when you are making this argument you are doing so on behalf or the lower middle class, not the poor.
For a long time now I've felt that the wealth gap is a super important metric to manage. If it becomes to small or too large it produces social instability and stunts overall growth.
True and it's an insight rich people doesn't understand that if the system only benefits 1-5% then the 95% won't want to maintain or protect that system. Think about it the top 1% are so much powerful they beat any kings or royalty in history
I found the argument that we shouldn't tax people because it might be difficult to work out that correct tax, or because the rich might try to find a way around it to be utterly ridiculous as was the argument that we shouldn't tax the ultra wealthy because they might have to sell their favorite yacht to be equally ridiculous. Regarding the morality of gaining enormous wealth, I agree that the individuals in question are not necessarily inherently immoral, but the system that enables it, IS. J. K. Rowling is certainly deserving of significant wealth, but NOT enough wealth to own half the property in the country. There are limits. Small amounts of wealth allow you a better life style than the average. Large amounts of wealth reduce everyone else to slavery on your behalf. The problem with capitalism without taxes is the rich necessarily get richer indefinitely until they own everything and the poor are mere slaves. This is simply a logical result of a tax-less capitalism.
@@blankenstein1649 he should just not post it on TH-cam. Or do ads like everyone else. There are plenty of companies that won't give a shit about what he says. I have a subscription and I would still rather he just do it like everyone else because it is an annoying complication.
@@ooainaught he has explained before why he chose not to go that route. you're free to not care for it, but to complain about it when anyone is perfectly capable of signing up for the podcast for free is just kinda silly, lazy and entitled.
Justin Blank And listen to it where, exactly? His sub feed doesn’t reach youtube or my preferred podcasting app. He is essentially asking people to not only pay a sub, which is all well and good (although I think his pricing is insane), he’s also asking people to pay for worse service than what they were getting before.
Hey Sam, I actually like the intro here. It's less dark and I like it, considering how dark sometimes your topics can feel, the fun vibe helps to lighten up the mood XD
@@littlesometin he talks about resetting his life and getting divorced in the context of capitalist gains. I didn't want to listen again but that is what I recall. Really good for him and good for his ex-wife I suppose I don't really care other than that it seemed a bit crass or something. I actually don't remember it perfectly which is why I asked.
Scott is a financial guru, but in my opinion he is a little backwards when it comes to rational taxing of the rich in regards to comparisons to the poor. Don't throw billionaires a pity party, at least not after the last 4 years because I'm struggling to feel sorry for them.
Most young people in western countries can't afford to buy a house. Let alone think about having kids. My father earned 3x what I earn today, 30 years ago. I have a post graduation, speak 3 languages (plus learning German) and I hardly can afford to rent a 1 room apartment. The whole system is ridiculous.
Sam, please go back to posting your full episodes. Perhaps just give subscribers the episodes first. I understand the whole thing about not wanting sponsored ads due to the conflict of interest, but really, you are an honest man and the fact that your recognize the conflict shows me you are not one to fall victim to it. Besides I hear people talk poorly of Amazon and Bezon then read out a Audible ad all the time, they don't really seem to care.
"I choose a Rangerover over moral clarity." -Galloway. Why would I pay to hear anymore of this man's perspective? And what does it say of Harris that he holds him in high-esteem?
Sam's stance on Bernie Sanders makes about as much sense as the intro music. The one candidate that is consistently pro-science and dedicated to equality isn't viable but the obviously losing centrists are? I've always questioned Sam's defense of capitalism, but siding with blatantly corrupt establishment hacks to oppose Sanders at any intellectual cost surprises me.
I don't know...rich guy talking for hrs that he will choose his range rover over affordable housing. No brainer there. And no surprise he wants to replace a billionaire with another one.
I find it amazing how I see someone making sense and a financial minded person who's opinions seem genuinely expressed. It was refreshing to hear some of the claims he made that I had never thought too deeply on. Like the main point that wealth isn't going from poor to rich, but siphoned from young to old. It was very interesting. Could you point to what you hated so much and why?
This Scott Galloway's milquetoast attitude and denial of the bold changes that need to be made is EXACTLY what's wrong with the Democratic establishment. This man's absolutely out of touch attitude is part the problem.
@@Johnwilkinsonofficial I agree, which is why I NEVER stated OR implied that Bernie or any other far left candidate was going to win in *THIS* election cycle. But after four more years of Trump and the inevitable explosion of the current economic bubble we are in, the public will be primed for it. XDD
@@LIQUIDSNAKEz28 if trumpism maintains its grip on power through 2020 i do not believe we will have another real election, we will be like russia after putin was elected.
@@Johnwilkinsonofficial Lmao Now THAT is even MORE delusional than the idea of America embracing socialism. Stop watching CNN and MSNBC. It's been four years of a baseless witch-hunt, Mueller himself said there wasn't enough for a case involving Russian collusion. China is a FAR greater threat than Russia will ever be.
There's nothing wrong with wealth inequality per se. Instead we should be worried about raising prosperity on all levels. A rising tide lifts all boats. The problem is that we can cut taxes and deregulate all we want, but until we tackle the real monster which is government spending our problems will never go away. You have to actually cut spending. Good luck.
While I ain't no genius.... in 2006 I made the realization of wealth inequality. I realized the the real estate market was out of control. Then I did an excel sheet with cost of living vs income and projected it forward. 2025 was my target. If we didn't fix the wealth inequality by then we would have a revolt. We sold our place just before the crash because I knew this wasn't right and if the market crashed we were screwed according to my math. I didn't know what it was called back then but I knew what it would do. Back then I didn't know shit about how economics work. But I figured out something was wrong. Now I am much more knowledgeable and I wish I could go back in time with this knowledge just 20 years. Luckily we are start understand $8.75 an hour just doesn't even close to cut it. That we are moving to $15 an hour as they said with the soft revolution. My opinion, and if I was the corporate world, with the current data collection methods and A.I. that can figure out people large companies can maximize their manipulation and profit off of the common man. I have to constantly keep up with the adjustments they make to take advantage of people. You buy a car this way one year, the next year they change the game, rearrange the data, the fees, rename it suggesting it is something else skirting the law without lying. Then they change it next year again. They use psychology to create commercials targeting children to influence parents. It's pretty disgusting that with all this data working people to the bone that they have no time or chance to defend themselves to what is happening. When 2 parents work it means the child suffer. And 2 parents working is fucking exhausting. We did it and finally I decided to work from home. We were lucky because both my spouse and I are very intelligent and resourceful. I was able to start a business from home. As for wealth one thing they I feel Harris misses is that there is a lot of luck in being very successful. In my field you can be really good at my business and do well enough to pay the bills and live ok. Maybe after 15 year with a series of successes you can be well off, maybe. But if you create that rare product that people go bonkers over you will be rich. Like finger spinners, silly bands, or pet rocks. Whatever it is. So there is work and luck involved. In know that we wouldn't be in our place if we didn't take a huge change on an investment that paid off a lot more. As for billionaires they should realize that when people get to that level of wealth they look down upon the rest of us. Their tribe has changed. We are different. It takes an incredibly rare person to see beyond this. Not saying their aren't all bad or even a majority are. But they don't see things the same. Who was it that went to some economic forum and said that rich people need to pay more taxes then he can a lot of flak for it by rich people. They just don't see others the same. Sure you have philanthropy but waiting around for a handout from a rich person is just ridiculous. They need to contribute back to society. One of the issue is that yes a rich person can move. It takes the world to decide the wealthy have to pay X% taxes no matter where they are.
As soon as someone says anything to the effect of "capitalism good, socialism bad", the conversation is lost in misunderstanding. Sam Harris should know this well.
A philosopher who also gives free memberships to his expensive-to-develop meditation app to anyone who asks, withholding access from no one on account of money.
YadraVoat that’s not the point. The point is that considering that he’s a philosopher his take on wealth and money is as average as the common man. Don’t get me wrong. I like his app and I still use it but god damn was this depressing.
This podcast-episode is exactly what’s wrong with american politics. Opinions can be bought. ‘Hidden’ commercials like this is illegal in normal democracies
Indentured servitude has to do with time not money. We are living in a feudal system without question. Social Security is nothing more than indentured servitude. you work for determined length of time in order to receive social benefits . It's actually worse than indentured servitude in that YOU end up paying yourself only you aren't able to access those funds until you finished your servitude. All this coming at time in one's life when you hope you have enough health left to make it worth your while. Social security as well taxation on labor are unconstitutional and criminal. This country is so far from what it was supposed to be it is't even comical. simply put you are paying the government ( master) for a future debt opposed to a debt incurred during your productive years. criminal is only word The fundamental principle of being a sovereign entity dissolves once you start taking taxes from one's labor. This is not a hard concept. The problem is we have all been bamboozled into believing that this is the right was because our forbears said so and there is now chapter and verse to reinforce this idea. The 16th amendment does NOT make it right!!!!
@@kensurrency2564 The moment the 16th amendment was created America lost the essence of the Constitution. The essence, the fundamental principle was be sovereign; The people and country. But once the people began to fill the government's coffers rather than the "invisible hand" of capitalism working correctly with government utilizing impost / export tariffs to promote the welfare of the citizens and promote diplomacy, American lost their ability to be sovereign. The government owes the us citizens. That's not how a Free Constitutional Republic is designed to work. This country has been operating under false pretenses since day one. Sadly the founding fathers didn't address the slavery issue soon enough. Thank you. It would appear that we are the only Americans who see indentured servitude.
I think Scott has nailed the "far left" view better then even they could state it. Using the term "socialism" is hearing past what young voters, especially Berners are saying. Decoupling it from the SJW movement and examining their real attitudes toward wealth for a moment, I think you'll find most of them in agreement with Scott's observations: basically, they all just want the same deal that their parents and grandparents got out of the same economic system.
And I think the mainstream Democrats that they're rejecting represent the Clinton-era shift away from equality of outcome policy of the 70s without accounting for the difference in real opportunity that actually exists today. They don't want welfare as such, they just want a solid floor from which to leap forward without worrying so much about destroying the entire world economy whenever they fail. If every other economic metric was the same as in the 50s, I doubt they'd even care about state subsidized healthcare or college.
I'm not listening to half an episode. I can't remember the last time I listened to Sam Harris I miss it. You are missing out on an entire audience now.
@@gerrywallington all the extra stuff he does like the meditation app or extra podcasts sure charge for it but cutting in half the weekly ones he's consistently done just to get people to go to his platform is bad business practice. Even musicians release their full song. Even other great thinkers release full podcasts and just charge for anything extra they offer. Sam's one of the only ones truly trying to now cash in on his words
Dude, i pay 7 dollars a month, and i enjoy all his podcast. Is it rly that much to fork out for content you clearly value enough to resent not having enough of??
@@ajv336 for those who dont have that to spare a month yes. He doesnt have to give all his extra content, he rarely has, but to now just give half a podcast and nothing else is going to push people away and already is.
@@donnmckee4973 if you genuinely can't afford that, just send him an email, like he always suggests his listeners do, and he'll give you access for free
good discussion, but Scott's rationalization (~ 1h6m) to stay invested in companies which he claims are doing great harm is disappointing. Basically admitting to being complicit in corruption, even corruption that kills.
I understand your concern that Sanders is going to alienate too many moderate voters, but Trump should have alienated them anyway and since that didn't really happen in 2016, I don't see why moderates would look at Trump and see him as a better alternative to Sanders. There's a healthy amount of voters who were ready to vote for Sanders in 2016 but flipped to Trump solely because they wanted the DNC to learn that they can't play dirty politics. There are also a lot of moderates who saw Clinton as far worse than Trump due to her platitudes, corruption, hypocrisy, and just wanted to get someone into the White House to disrupt the corruption and the biased media. You don't need to agree with people who voted for Trump, but you need to understand why their priority was to throw a wrench into the machine rather than support another establishment corporate sellout like Clinton. Again, you don't have to agree with those points of view, that's just the reality of why many voted Trump despite thinking he's an awful person. You're very close to committing the same mistake as the Democrats. It's very clear the Democrats don't understand why they lost 2016 and you seem to be missing some of the puzzle pieces still. You cannot have the mentality that your priority is to get Trump out of office. That leads to supporting anyone under the sun and you and Scott end up endorsing some pretty bad candidates. People like Mayor Pete, Amy Klobuchar, Warren , Biden, and Bloomberg are all quite awful candidates, especially Bloomberg. If you think Bloomberg has the best chance to beat Trump, you need to do some deeper thinking. Trump is the kind of wealthy person people like because they can relate to him. Bloomberg doesn't have a relatable bone in his body. He already used his wealth to cut in line, he's continuing to use his wealth to sway the DNC, and he doesn't strike a single person as down-to-earth the way Trump does. Bloomberg is the exact kind of billionaire people hate, he's not going to get Trump voters to flip.
Amen dude. Sam is missing so much of the current political landscape, it's mind boggling. I truly think he is seriously starved of alternative information, and instead steeped in liberal MSM. He sounds identical to any of their talking heads.
Scott Galloway"s attitude is what's wrong with America! - talk long and wide about morals and ethics and how important they are ...except when it comes to money. Facebook is unethical and despicable, criminal even, but if you can make money with it, do it, money first, ethics ....maybe later.... at least according to Scott Galloway. Please Sam Harris don't listen to this cold, calculating economist, you are better than this!
Sorry Scott, but Bernie is the only Democratic candidate worth voting for. We are *DONE* with the status quo. If Bloomberg actually wins the nomination or any other establishment candidate, then I will vote for DONALD TRUMP myself. I swear, I am not even kidding. I will wait in line on election day and proactively vote for Trump out of pure nihilistic spite, if Bloomberg wins the election.
Bernie only wins 12 states? I wonder if this genius can point out which of these Bernie will lose.. 1. Hawaii (lock) 2. Washington (lock) 3. Oregon (lock) 4. California (lock) 5. Nevada (lock) 6. Colorado (lock) 7. New Mexico (lock) 8. Illinois (lock) 9. Minnesota (lock) 10. Wisconsin 11. Michigan 12. Pennsylvania 13. Maine (lock) 14. Vermont (lock) 15. New Hampshire 16. Massachusetts (lock) 17. Rhode Island (lock) 18. Connecticut (lock) Washington DC (not a state but a lock for Sanders regardless) 19. New York (lock) 20. New Jersey (lock) 21. Virginia 22. Delaware (lock) 23. Maryland (lock) At minimum 18 states are an absolute fucking lock for Sanders. And I’d argue he’d win all 23 I named, which would get him over 270 electoral votes. The New York Times have compiled all polls done by different media outlets including Fox News. In 67 out of 72 polls Sanders beats Trump. This clown is suffocating in his own elite bubble where Mike Bloomberg is considered a compassionate man who can beat Trump. What a fucking joke.
Good show...Scott Galloway stating perfectly on target definition of Zuckerberg and his monopoly and Sandberg cohort much appreciated. I pen these words in May 2021...President Biden in power..and Perhaps this administration will divide and conquer the Facebook monopoly to this a better world.
Man this wealthy guy’s saying don’t demonize the rich how about stop telling people everything’s fair and justice is being served to those struggling with debt, low paying jobs, a huge healthcare bill, or all three??
Harris is out of touch when it comes to politics (I'd argue among many other topics he talks about). I'm a Finnish citizen and from my perspective Bernie Sanders is a left-leaning Social Democrat, not a radical. There is a lot of evidence to support his views, for example: en.m.wikipedia.org/wiki/World_Happiness_Report
Harris uses the term in the american context only because it only has that meaning in America alone. I know it seems odd to you in Finland to hear it as it strikes me the same way because certain terms mean something else outside the US. like "libertarian" for instance, which to you and I is associated with libertarian socialism/anarchism/collectivism/abolition of illegitimate hierarchical structures of power in the Spanish civil war tradition while in the US it means exactlly the opposite (ie: Ayn Rand objectivism/individualism/self interest/little to no Gov. interference on wealth creation and labor exploitation/ free market savage Laissez-faire capitalism/private tyranies, etc...). In a country moved so far to the extreme right of the political expectrum a politician like Sanders is considered a "radical leftist" even thou his actual positions are far from what that label means in Europe or South America. Dennis Kucinich in 04/08 was called an "leftist extremist" and he never even said the word socialism. Most democrats on the center are scared of Sanders usage of the word "socialism" because its meaning was so perverted by propaganda that it is associated with Stalinism/Maoism/Leinism and totalitarianism. I know it is ubsurd but that is the american reality. Noam Chomsky said it best; "In the US, there is basically one party - the business party. It has two factions, called Democrats and Republicans, which are somewhat different but carry out variations on the same policies. By and large, I am opposed to those policies. As is most of the population."
Thanks for your carefully considered answer. To be fair, Harris didn't necessarily use the term "radical", but he said something to the effect of Warren and Sanders gearing up for class warfare etc. I'm somewhat familiar with the American polical culture and terminology (not to claim more than a superficial knowledge though) and I understand that in different traditions and cultures terms surely might have different meanings. Actual point of my comment wasn't so much the fact that I would be confused about the terminology used here, but to bring forward a message that Sanders' propositions are possible to put into action (surely there a many factors, geographical etc.) with tested results.
@@hansxx2201 You're welcome. Warren dropped out so Sanders now carries the "class warfare" banner alone. Yes, on that Harris is incorrect and just regurgitating a flawed and somewhat hysterical over reaction to a fairly reasonable position of taxing the rich more than working people and health care for all Americans. That is not exactly calling for a Marxist proletarian revolution with workers control of the means of production and the end of capitalism in America. PS: I don´t think he´s out of touch, I think he´s very much in touch with neoliberal ideas.
They need to get the legalized corruption out of politics if they really want to help people. The average voter usually does not get what they vote for, whereas the rich usually get what they vote for because of legal corrupt campaign contributions.
The problem isn't really individuals (like J.K Rowling) making money. The problem is having an entire system that grows the wealth of billionaires at the expense of everything else that we care about, including democracy. It is very typical to make this into a question of whether or not the billionaire is personally responsible, as I am sure some of might even have the noblest intentions. This is beside the point. The system would be healthier for everyone with fewer billionaires. Please tell me why I am wrong! I mean isn't it slightly hypocritical to be complaining about identity politics but then labeling an entire spectrum of economically opposed people as the 'far left'? True to the word of intellectual honesty, please invite an economics professor like Richard Wolff on the podcast to discuss why billionaires pooring millions into elections is a great system, as opposed to running a campaign funded by 'an angry far left mob'. edition.cnn.com/2020/02/24/perspectives/billionaire-wealth-taxes/index.html?link_id=13&can_id=674c5448d2a3c3a34693331ca055ee1a&source=email-february-nec-member-update-2020-review&email_referrer=email_733074&email_subject=february-nec-member-update&fbclid=IwAR2B7Sa5041FnIGDHEjf4L_-qJUplinPdX_lHefnmenaBtrqWv6CL1HQChQ
Scott says we should tax billionaires and corporations more, then says accumulating a large amount of billionaire and corporate donors is a feature not a bug. Does anyone see an obvious disconnect here?
Probably a dumb question, but when Scott says something along the lines of, "making the jump from income tax to capital gains, then to light speed" what does he mean by light speed? I've never heard that term used in that context. I may be mishearing. Thanks!
Jack Lasley he's referring to the power of compound interest and compound returns. Converting your income from say 28% tax to 20% gives you not an 8% difference... rather than 8% can be invested and grow which then pays out and grow and then pays out and grows and suddenly your income is growing at an astronomical rate versus what it would have all. Now you're making a million a year and paying less in tax than someone working and making 200k and that guy can never ever catch up to you.
The odd thing I find is that people believe that we can keep growing this system forever. Isn’t that the underlying basis of capitalism? Compound interest and exponential growth are not sustainable. Mathematically. The new gains have to come from somewhere, and we live in a finite space. Our space and planet are not getting any bigger. So where do these increasing gains come from? It has to come either from natural resources, or humans. Our time. Our labor. Our energy. There is a limit to everything. I can truly only do so much in an eight hour work day. And still they want more out of us. I’m writing this on March 17, 2020. The federal reserve has just given over two trillion dollars to the financial market and lowered the baseline interest rate to zero. And it didn’t help at all. The stock market continues to fall despite the band aids. They know something is wrong and are scrambling to do anything. They created $2T dollars out of thin air and where did it go? The whole thing is a fantasy, Sam’s mirage if you will. People have dreamed it up. Now we have to pay to get out. It looks like COVID-19 may have just popped the bubble.
Re: stop and frisk. It is not just about whether it is politically correct, but whether such action is reasonable in the first place. It is true that violent crime in some parts of the world is carried out statistically more by those with a given skin color. But that does not mean everyone with that skin color is a criminal. So the question becomes, whether or not it is reasonable to single out anyone of that skin color for higher rates (or near exclusive targeting) of anti crime prevention policies as intrusive as stop and frisk. I actually think that the fact that insurance companies get away with such profiling is immoral too. You pay insurance premiums not based on your behaviour but on a statistical analysis of those deemed similar to you.
@Tarzan Not sure where the 'libtard' name came from. Do you know why you called me that or is that just what you call anyone you disagree with for any reason? Stop and frisk may not officially have been based on skin colour but in reality, it was strongly biased towards certain skin colors. I agree that your firefight where the fire is, but if you go out and drench with water any house that you think looks like it might be flammable, then you can expect some push back from the owner. I understand the logic of increasing police presence in areas known for crime. Here in Cape Town the police use brethalizers on drivers in particular locations where they know there are a high percentage of drunk drivers. It makes sense. But there are limits to what is reasonable for police to do without even suspicion of a crime, and full body searches, even if you happen to live in a high crime area, simply is not one of those things most people would consider reasonable if it happened to them. Sure, most people are fine with anything if it happens to someone else which is why locking up children in cages happens when it is not your children.
Best part: 1. Billionaires are wonderful, good people. 2. Billionaires will renounce their citizenship and move somewhere else if you tax them 2%. Very convincing, Scott.
but it's true though. And what you are left with is the inability to fund programs that would be paid for by a wealth tax. A VAT tax would make more sense because it is distributed throughout the supply chain for big companies (they can't avoid it) and the individuals only pay for whenever they spend (the notion of private property remains intact->billionair stays). This VAT could further fund programms like M4A or UBI.
@@rockndancenroll Sure, but then don't claim these people are "good" and that we should not "demonize" them. They care about their money more than their nation or fellow citizens, if Galloway is correct. That's as low as it gets, and one should take an aggressively adversarial stance toward such a person.
@Tarzan Everybody takes risks, most people don't get paid for it. When the economy soars, those with investments get richer, when it slumps *everybody* suffers.
As much as I've liked Sam over the years I'm shocked at how out of touch he's become through what seems to be willful ignorance and appeal to authority. It started to show in his interview with Eric Weinstein but he seems to have gone full blown bootlicker in this discussion
I could not agree more. He has become a 'chapter and verse' guy. And if he can have a podcast with the author of the chapter and verse we are all supposed to digest his views as 'smart' Wienstein is Sam Harris multiplied by a factor of 10
I think the wealthy believe that the non-wealthy (especially the working non-wealthy) care about wealth inequality more then they do. They care about what they can do and the security that they will be able to continue doing what they want.
I think they both get the problem of wealth inequality but they're also very much in a wealthy cohort that had a different set of opportunities than people today. It's the same in Sweden people that are old bought a house for 50 000 dollars that young people now have to pay 600 000 dollar for and wages have not kept up. It's sad that this conversation doesn't transcend above two guys that are wealthy and lucky we will never get away from the fact that most people won't be wealthy or succesful and these people still need to have a decent life working normal jobs. I'm also sick to death of hearing rich educated people talk about the dangers of facebook and google while owning stocks and using their platforms to make money
freaking epic rant on Zuck and FB. check out the 1min podcast highlight here: getshuffle.app/highlight/scott-galloway-s-epic-rant-on-zuck-and-H4kgjSKVnk0
He is actually talking about wealth as private property. Money as you say is not property. It's just a means of transfering wealth and it is indeed the property of the FED.
@@rockndancenroll he actually spoke of both. In one instance he focuses on wealth in another he is talking about money. It's something I listen for, because it is an idea they use to fool people when their life revolves around paychecks. At first I thought he was gonna avoid that association but later he linked it in.
@@JohnThomas-ut3go ok didn't catch it. What do you think about Scott's view on Bloomberg's stop and frisk? I still think it's not justified, I think it's a racist policy that shouldn't be implemented. Currently reading the "Chokehold" by Paul Butler and I'm disgusted by the function of such policy and its detriment to the black community. I feel Scott is a bit far removed from the reality of the situation or would ratherthink selfishly rather than morally. To his credit, he admits of choosing his range rover over acting ethically.
@@rockndancenroll I have not seen data showing if it was increasing security or decreasing security. It is most assuredly unconstitutional in many ways. That doesn't matter to today's politicians or justices. And the sacredness of the Constitution shouldn't matter to us. We should be able to change it as needed but partisanship renders that impossible now. As to morality of the issue I see things different then most. As I thought about differing moral philosophies and their goals I've come to believe what is moral is what provides the most security (not just from physical harm) to the most people. I've seen no data showing this significantly increased security to offset the decrease in security it creates. Absent that data, and data showing its effectiveness if scaled to all places and people it is most likely immoral as well by my opinion.
Create a personality cult around him that's so fiercely loyal no matter how many times he lies or abandons a military ally they will praise him while attacking anyone who doesn't agree.
There are a lot bigger problems with Trump than that. Just do some research. Crass, is gigantic fucking understatement. The dude dances on a war hero’s grave, for the crime of disagreeing with him, on fucking Twitter. Inarticulate is also an insane understatement. He’s not managed to make a single salient point the entire time he’s been in office. I don’t know about you, but someone being top tier inarticulate and crass, is not what I want in a president. If those were his only problems, and they certainly aren’t, I’d say the psychological damage to the American spirit, being represented by such a reprehensible buffoon, for over half the country, would qualify as a major harm to the American people.
That was odd. Lol. He sounded like a weird mix of a 9 year old boy who likes a girl but can't bring himself to compliment her and a really wise older guy who has himself a schoolgirl crush.
He won me with the comment that in our tax structure money is more sacred than muscle--in other words, that investment income is taxed lower than work income. No kidding.
Sam: *changes original intro music to this one*
Everyone: "We don't like this one, can we have the original back?"
Sam: *turns up the volume*
like a boss
Haha!!
Pretty much. The other podcast intro music I really like is on Eric Weinstein's The Portal.
it is louder isnt it ☹
It's actually a good little tune. It's refreshing
Listening to this again several years later and it still maintains deep quality and persistent accuracy and assessment of our present condition. Well done.
The fact that Scott is so happily blind to the point Sanders is making on special interest money is worrisome. The point Sanders is making is not that billionaires or millionaires are bad people and it's bad to take money from evil bad people. If that were true, any "bad" person making any sort of campaign contribution would be a stain on a person's campaign. The obvious point he's failing to argue against is that when billionaires make donations to people like Mayor Pete, that's not a charitable donation made on good faith in support of someone you like. That's a bribe. Now, that bribe isn't secured by a lot, but it's secured by loyalty, or else those bribes go to someone else. The very obvious problem with this kind of behavior is that rather than being beholden to the people who actually vote for you and if you win, to the entire country, you're more inclined to feel more loyal to those who gave you money and made your election possible via ads and other campaign costs. This is anti-democratic and it just so happens to be the way politics functions.
Yes, Bloomberg may have less incentive to respond to political bribery, but just like any other billionaire, he has business relationships he wants to maintain. That kind of loyalty is unacceptable.
Wait why are donations to Pete automatically classified as bribes?
Excellent comment. If you didn't point out the egregious ignorance of this guest in regards to Sanders platform I was going to.
It is based on a pretty common misconception though: The mere fact that left-ish critiques of the bilionaire class (or the role of money in politics more generally) appeal to a set of widely shared moral intuitions (and sometimes - as in the case of Sanders - are used in an instrumental way specifically to that end) does in no way justify simply equating them with moral condemnation. Yet doing precisely that has become almost a defining feature of contemporary liberalism. It's pretty easy to see why this is the case though: Dismissing them as simple-minded moralism offers people a convenient excuse (by appealing to a - grotesquely misguided, ofc - sense of intellectual integrity/superiority) for not thinking too hard.
BUT JK ROWLING THO
That sinking feeling when there is "no housekeeping today".
what does that mean though
There is a level of desperation and despair in the lower and lower middle classes that people like Sam and Scott will simply never understand
I agree it's disappointing that for all the insight, academia and thought of these guys in the end it feels like a conversation between two smart lucky rich guys, and I'm not against none of their success but the issue is the tide needs to lift all boats wealth inequality is out of control
Who are we? - Sam Harris fans
What do we want? - old music intro
host_runner let him express himself !!!! Dammit :) Sofi Tukker is awesome
That intro song slaps in a Jimmy Neutron's dad kind of way.
No don't normalize this music please
@@Thebigotry this is the kinda music that would play in any normal setting with normal people there to listen to it
ie it doesnt.
Slapping the bass...
th-cam.com/video/UdLlUCkuH4w/w-d-xo.html They rock and she's beautiful
Sam Galloway seems to ignore the Billionaires ability to BUY power and law writing instead of merely voting for it like the rest of Americans. THIS is what people find unethical about the Billionaire donor class.
I think you misunderstood. He said a few times that he would have liked for Congress to pass campaign finance reform, but they haven't. What he did say is that Trump has a shit ton of money and money matters in our system. Having money a billion to spend is a pre-requisite in the system we have. You should relisten and leave your bias toward people that have money at the door.
Jordan Chiaruttini And why the fuck do you think our government can’t get anything done for the good of the people? The corporations and the ultra wealthy lobby for their own self interests, and they feed the dysfunctional system. It’s really stupid to imply that it’s not the corrupters fault. They are just doing what the corrupt will allow. No, all involved in these exchanges are a blight on humanity, period.
Jordan Chiaruttini - I thought he was Straw manning the argument. He kept defending Billionaires as nice people as though people are merely accusing them of being bad people. The Argument he avoided is, is it ethical to buy influence and law writing instead of merely voting for it.
@@daniellove162 It's not a straw man. People have villified them over and over and over again as inevitably bad people. Elizabeth Warren said on the debate stage in front of the whole country that the only way to become a billionaire is to do unethical things. Sanders has said that they shouldn't exist!! The Democratic party, in general, likes to villify anyone with money, even simple millionaires, as inherently bad. And he didn't avoid the argument about buying influence. They both stated multiple times that they'd like to see campaign finance reform, but that it isn't up to billionaires to do this. They talked about the corrupting influence of money, why billionaires should be taxed more, why it's unethical that we tax money that is earned through work less than we tax money that is earned by having money, ie - capital gains.
Don't feel bad though. You and virtually every progressive does this. It's like you can't separate the system from the people who are just really good at the system. But it turns a lot of people off and it's one of the reasons why Dems are very likely going to lose to this fucking grifter again this year.
@@jordanchiaruttiniREALTOR Poppycock. 1) it is neo-classic economics that teach us that any entity that makes superprofits on long term does so in a condition of practical monopoly e.g. rent. Those good at it people are good only at one thing, gaming the system and screw everybody else. 2) Cut the bullshit about the poor billionaires that cannot help if the system is bad. The system is shaped and controlled by the Koch, the Mercer, the Bloomberg, the Bezos the Zuckerberg and the Davos crowd. Tax laws are shaped by them, civil law is shaped by them, judges and politician are bought and sold by them, that is, through their K street proxies. You do not need to 'woke' or an eye swivelling wannabe marxist to see that extreme wealth is a problem in its own right. Proto agricultural societies with potlach realized that. Aristoteles figured it out 2350 years ago. Likewise Machiavelli 500 years ago. And so the Founding Fathers and Teddy Roosevelt. If you let an oligarchy to develop, it will always destroy a democracy. Rome, Athens, Florence, USA 120 years ago or today makes no difference. Huge concentration of wealth cannot cohexist with democracy. Stop feeling bad for the stressed billionaires. Most of them got there being sociopaths. They can take care of themselves.
I do not know why, but something inside of me got to feel just a little bit better as I listened to Scott Galloway explain that opportunity for labor level citizens is non existent. My own personal sense of guilt eases, and is replaced by an anger at those who would make my life even harder for their own profits.
I believe low wage, "gig" type workers in america are being pushed to a breaking point. This election, may be the big snap. I was afraid of the labor revolution and the violence that surely would follow. Now, after hearing it verified to be one of the few methods of change, I see it as inevitable.
MegaKootz you underestimate how many people just want to watch tv and drink beer.
Interesting look back politically and pre Covid. The theories of wealth inequality and much else said should be everyday human topics to create a better country. Thx Sam and guest.
So now you have to subscribe to hear the entirety of the regular podcasts. I've been listening for years and this is the first time I can recall this happening.
Does telling you 'I subscribed a year ago BEFORE the full episodes were gated' count as an insightful contribution?
How many hours of free content has Sam provided you?
*pay to subscribe
@@adamplentl5588 how many hours of free content have many great thinkers given us on youtube? Sam is one of the only ones pulling this kind of sales model and in my opinion its bs. He says you can get it free, just message. Except it's more like you have to message multiple times and hope(for those who truly cant afford it)
An hour was plenty enough for me as I certainly have no desire to become further “attached.”
Thank you Sam for being one of the few podcasters that put the topic and guest name in the title of your vids!
yup sam is he man
If you’re doing well financially and your health is fine then good for you! Keep voting for people who don’t care about actual change, stay scared of change. Inequality and hierarchies are natural, but so is a predator hunting its prey. Maybe when it gets bad enough we’ll all be on the same page.
Fantastic point! Billionaires are a natural product of power differentials, just like viruses are a natural product of biology. But what good does it do anybody to let viruses and billionaires run rampant.
Mason McCarty Don’t viruses kill the host if you let them get out of control? Hmm...
The host is ... capitalism? Or more accurately the system we have based upon capitalism? Don’t these parasites realize that they are killing the system that they depend on?
Well we will see if we repeat 1929 and people are jumping out of windows again.
1:04:45 lolol That was a satisfying teardown of facebook.
OK Sam, the intro music was funny, the joke was successful, can we switch back or move on to something appropriate finally? :)
I return to watch this every once in a while
What Scott doesn't understand is that those 47 billionaire backers Pete had came with strings attached. That's why its important. In terms of the wealth tax, you need to remember that these people make money off their wealth, at least 7% per year. So that 2% wealth tax doesn't actually reduce the persons wealth year over year. If you think they will leave, you simply need to reform our laws so that their capital gains follows them around the world. There shouldn't be tax havens, period.
It's cute when 80 IQ hobos like you want to take away other people's money.
Where did we see that in the past? Oh yeah. The mentioned Hungary, for example (or the whole communist block) when your Soviet friends took over. Have you heard this Hungarian joke from the Soviet era?
A man enters a shop.
-Hello sir, do you have sausages?
-No sir, we don't. This is the bakery. It's bread that we don't have here.
I like to view the intro song like Sam is learning guitar and did the intro lick himself and is super proud of it. Now I'm filled with glee everytime I hear it.
Longest clip ever!... A sudden fade out is almost impossible but Sam figured it out.
Great convo
Hi Sam. I would love it it you moved into the 3 hour long podcast model. You are doing great man!
Or just back to full episodes. That would be a nice start
11:36 "i spend most of my undergrade years watching p....planet of the apes trilogy"
Ah yeah, you dodged it last second, lol
Love these little moments, listening to Sam whilst feeding my daughter her milk in my local cafe and having a coffee. Became a stay at home dad and can honestly say I’m the happiest I’ve ever been and I don’t get paid anything! 😂👍🏻 👶🏻 🍼 ☕️
A wealth tax isn't the only policy proposed to mitigate wealth inequality. They're also fighting for a minimum wage increase AND medicare for all. That would alleviate a TON of financial burden on the middle class.
@PostHawk
Is it "stealing" from them when they've made their wealth off of tax payer money? I'm sure Amazon along with the rest of the huge corporations who pay less percentage of taxes then the middle class have made all their wealth without ever using any public service. I'm sure all rich people never benefited from public schools, public roads, public transportation or any form of welfare whatsoever. How would they have made all that money with no tax funded infrastructure to help them along the way? I'm sure they all just educated themselves and walked their asses to work to make all the money have. BTW, a big part of why poor people are often overweight is because of their shittier diets because that's what they can afford.
Minimum wage increase is good for the economy. If you give people more power of purchase, it turns out they spend more. Also if they did get laid off, they can just go around and find another job with the same pay. If I made more money, I'd also spend more. Now multiply that by the millions. How is that bad for the economy?
And while we do live better then Kings and Queens of past times, that doesn't mean our standards of living should stagnate with them. If we could make it this far... why stop there? Should we never update our living standards? What if medievel peasants said "we live better then cavemen, so this is good enough!"
@PostHawk How does Amazon make their fortune possible if not for the United States Postal Service, public roads and infrastructure?
@PostHawk I'm not saying we need a wealth tax to pay for roads, but cutting taxes on the rich doesn't help anyone BUT the rich. The rich have been allowed to buy politicians to rig the system in their favor for decades, which is why Bloomberg is the last candidate I'd ever vote for and why I disagree with Sam and Scott on this one.
Amazon DOES use the USPS to deliver packages:
Confessions of a U.S. Postal Worker: “We deliver Amazon packages until we drop dead.”
"the carrier says that between 75 and 80 percent of the packages they deliver are Amazon packages"
gen.medium.com/confessions-of-a-u-s-postal-worker-we-deliver-amazon-packages-until-we-drop-dead-a6e96f125126
If Amazon is working them to death, it's only fair that they pay more taxes for killing them with work. Considering that they're worth $1 TRILLION... why was Amazon's federal tax rate only 1.2% in 2019? If they make orders of magnitude more money than the average american, why are they paying only 1.2% tax rate? You and me don't pay that little in taxes and we won't EVER see that much money in 100 lifetimes. What they pay in taxes isn't even close to pocket change. What if you're boss told you he was going to double or triple your work load for the exact same amount of money he's already paying you? Do you just take it up the ass or do you ask for a raise?
Carlos Sandoval
You do realize that tax cuts are not tax revenue that’s being distributed correct?
Also the USPS was in danger of crumbling or becoming a major monetary loss until amazon gained in popularity. Maybe you forgot but people really stopped sending letters when this crazy thing called email happened.
Yes amazon didn’t pay taxes, because they are taking advantage of tax benefits given to companies to incentivize growth. All of the individuals working at amazon pay taxes, including Bezos and all the super rich board members and managers.
Compared to the middle class you have a point, the “rich” too 10% (we are talking about people who make a little over 100k a year and up). Pay less as a percentage of income in taxes, however they are also responsible for paying the vast majority of all actual taxes collected. While the bottom 50% or so of Americans pay none. So when you are making this argument you are doing so on behalf or the lower middle class, not the poor.
Carlos Sandoval
If you would like I will also dismantle the “to poor to eat well” argument
For a long time now I've felt that the wealth gap is a super important metric to manage. If it becomes to small or too large it produces social instability and stunts overall growth.
True and it's an insight rich people doesn't understand that if the system only benefits 1-5% then the 95% won't want to maintain or protect that system. Think about it the top 1% are so much powerful they beat any kings or royalty in history
I found the argument that we shouldn't tax people because it might be difficult to work out that correct tax, or because the rich might try to find a way around it to be utterly ridiculous as was the argument that we shouldn't tax the ultra wealthy because they might have to sell their favorite yacht to be equally ridiculous.
Regarding the morality of gaining enormous wealth, I agree that the individuals in question are not necessarily inherently immoral, but the system that enables it, IS. J. K. Rowling is certainly deserving of significant wealth, but NOT enough wealth to own half the property in the country. There are limits. Small amounts of wealth allow you a better life style than the average. Large amounts of wealth reduce everyone else to slavery on your behalf. The problem with capitalism without taxes is the rich necessarily get richer indefinitely until they own everything and the poor are mere slaves. This is simply a logical result of a tax-less capitalism.
Cutting off the podcast is annoying
so subscribe to the podcast? if you can't afford it, or you're just cheap, email them and say so and you'll get the subscription for free.
@@blankenstein1649 he should just not post it on TH-cam. Or do ads like everyone else. There are plenty of companies that won't give a shit about what he says. I have a subscription and I would still rather he just do it like everyone else because it is an annoying complication.
@@ooainaught he has explained before why he chose not to go that route. you're free to not care for it, but to complain about it when anyone is perfectly capable of signing up for the podcast for free is just kinda silly, lazy and entitled.
@@blankenstein1649 not true. I've emailed several times regarding free access to the full length podcasts but heard nothing back.
Justin Blank And listen to it where, exactly? His sub feed doesn’t reach youtube or my preferred podcasting app. He is essentially asking people to not only pay a sub, which is all well and good (although I think his pricing is insane), he’s also asking people to pay for worse service than what they were getting before.
6:10 ... “graduated, lied about my grades, couple years at Morgan Stanley ...”
Oh now I see what I’m doing wrong
I’ll pick your music for free... please
This is the groovyest episode yet
Hey Sam, I actually like the intro here. It's less dark and I like it, considering how dark sometimes your topics can feel, the fun vibe helps to lighten up the mood XD
Sam is tripling down on that muzak :)
Did I understand this guy right that he upgraded his wife when he came into more money?
Edit:. On a relisten at 2x I was wrong, no mention of divorce.
No, we all just suffer from middle class morality.
where is that part?
He certainly sounds like a big enough asshole to do that
@@littlesometin he talks about resetting his life and getting divorced in the context of capitalist gains. I didn't want to listen again but that is what I recall. Really good for him and good for his ex-wife I suppose I don't really care other than that it seemed a bit crass or something. I actually don't remember it perfectly which is why I asked.
He never says that? Post a time?
In honor of my first TH-cam first I vow to listen the podcast in its entirety and something insightful the discourse?
Wish me luck fellow apes.
It's not all here. Only half.
Super relevant talk. Love Listening to rich people explain things away.
Benjamin Mikkelsen uh oh, the poors are chatting again.
@@profanegaming2829 you shit. You gay.
Scott is a financial guru, but in my opinion he is a little backwards when it comes to rational taxing of the rich in regards to comparisons to the poor. Don't throw billionaires a pity party, at least not after the last 4 years because I'm struggling to feel sorry for them.
Most young people in western countries can't afford to buy a house. Let alone think about having kids. My father earned 3x what I earn today, 30 years ago. I have a post graduation, speak 3 languages (plus learning German) and I hardly can afford to rent a 1 room apartment.
The whole system is ridiculous.
Wow this was both awful and insightful😊
Sam, please go back to posting your full episodes. Perhaps just give subscribers the episodes first. I understand the whole thing about not wanting sponsored ads due to the conflict of interest, but really, you are an honest man and the fact that your recognize the conflict shows me you are not one to fall victim to it. Besides I hear people talk poorly of Amazon and Bezon then read out a Audible ad all the time, they don't really seem to care.
Another awesome one Sam. I'd love to sit down& have a drinks with Scott. Been a fan since the first time I've heard him speak. #charisma
You must be a douchebag too
"I choose a Rangerover over moral clarity." -Galloway.
Why would I pay to hear anymore of this man's perspective? And what does it say of Harris that he holds him in high-esteem?
Andrew Kingland woosh
Sam's stance on Bernie Sanders makes about as much sense as the intro music. The one candidate that is consistently pro-science and dedicated to equality isn't viable but the obviously losing centrists are? I've always questioned Sam's defense of capitalism, but siding with blatantly corrupt establishment hacks to oppose Sanders at any intellectual cost surprises me.
yep, i miss the original intro music
the spiritual one you mean? Not the cowboy guitar strum..
I used to be a great admirer of Sam's intellectual output. The he changed the intro song of his podcast.
I don't know...rich guy talking for hrs that he will choose his range rover over affordable housing.
No brainer there.
And no surprise he wants to replace a billionaire with another one.
Definitely a fail guest. Bad call, Sam.
I find it amazing how I see someone making sense and a financial minded person who's opinions seem genuinely expressed. It was refreshing to hear some of the claims he made that I had never thought too deeply on. Like the main point that wealth isn't going from poor to rich, but siphoned from young to old. It was very interesting. Could you point to what you hated so much and why?
This Scott Galloway's milquetoast attitude and denial of the bold changes that need to be made is EXACTLY what's wrong with the Democratic establishment. This man's absolutely out of touch attitude is part the problem.
Lol, just so you know, *milquetoast
thinking that "socialism" is about to WIN BIG in the middle of America may be something more than out of touch.
@@Johnwilkinsonofficial I agree, which is why I NEVER stated OR implied that Bernie or any other far left candidate was going to win in *THIS* election cycle. But after four more years of Trump and the inevitable explosion of the current economic bubble we are in, the public will be primed for it. XDD
@@LIQUIDSNAKEz28 if trumpism maintains its grip on power through 2020 i do not believe we will have another real election, we will be like russia after putin was elected.
@@Johnwilkinsonofficial Lmao Now THAT is even MORE delusional than the idea of America embracing socialism. Stop watching CNN and MSNBC. It's been four years of a baseless witch-hunt, Mueller himself said there wasn't enough for a case involving Russian collusion. China is a FAR greater threat than Russia will ever be.
There's nothing wrong with wealth inequality per se. Instead we should be worried about raising prosperity on all levels. A rising tide lifts all boats. The problem is that we can cut taxes and deregulate all we want, but until we tackle the real monster which is government spending our problems will never go away. You have to actually cut spending. Good luck.
Wealth inequality in itself is bad as long as it means power inequality.
@@digitalspecter I don't follow.
While I ain't no genius.... in 2006 I made the realization of wealth inequality. I realized the the real estate market was out of control. Then I did an excel sheet with cost of living vs income and projected it forward. 2025 was my target. If we didn't fix the wealth inequality by then we would have a revolt. We sold our place just before the crash because I knew this wasn't right and if the market crashed we were screwed according to my math.
I didn't know what it was called back then but I knew what it would do. Back then I didn't know shit about how economics work. But I figured out something was wrong.
Now I am much more knowledgeable and I wish I could go back in time with this knowledge just 20 years. Luckily we are start understand $8.75 an hour just doesn't even close to cut it. That we are moving to $15 an hour as they said with the soft revolution.
My opinion, and if I was the corporate world, with the current data collection methods and A.I. that can figure out people large companies can maximize their manipulation and profit off of the common man. I have to constantly keep up with the adjustments they make to take advantage of people. You buy a car this way one year, the next year they change the game, rearrange the data, the fees, rename it suggesting it is something else skirting the law without lying. Then they change it next year again.
They use psychology to create commercials targeting children to influence parents. It's pretty disgusting that with all this data working people to the bone that they have no time or chance to defend themselves to what is happening. When 2 parents work it means the child suffer. And 2 parents working is fucking exhausting. We did it and finally I decided to work from home. We were lucky because both my spouse and I are very intelligent and resourceful. I was able to start a business from home.
As for wealth one thing they I feel Harris misses is that there is a lot of luck in being very successful. In my field you can be really good at my business and do well enough to pay the bills and live ok. Maybe after 15 year with a series of successes you can be well off, maybe. But if you create that rare product that people go bonkers over you will be rich. Like finger spinners, silly bands, or pet rocks. Whatever it is. So there is work and luck involved.
In know that we wouldn't be in our place if we didn't take a huge change on an investment that paid off a lot more.
As for billionaires they should realize that when people get to that level of wealth they look down upon the rest of us. Their tribe has changed. We are different. It takes an incredibly rare person to see beyond this. Not saying their aren't all bad or even a majority are. But they don't see things the same. Who was it that went to some economic forum and said that rich people need to pay more taxes then he can a lot of flak for it by rich people. They just don't see others the same.
Sure you have philanthropy but waiting around for a handout from a rich person is just ridiculous. They need to contribute back to society. One of the issue is that yes a rich person can move. It takes the world to decide the wealthy have to pay X% taxes no matter where they are.
As soon as someone says anything to the effect of "capitalism good, socialism bad", the conversation is lost in misunderstanding. Sam Harris should know this well.
A philosopher that worries about money despite having money in the million(s). Man, that’s depressing the more I think about it.
A philosopher who also gives free memberships to his expensive-to-develop meditation app to anyone who asks, withholding access from no one on account of money.
YadraVoat that’s not the point. The point is that considering that he’s a philosopher his take on wealth and money is as average as the common man. Don’t get me wrong. I like his app and I still use it but god damn was this depressing.
quantum tunneling Insightful. Really. His opinion is 'common', unlike you, an intellectual? Wth?
antidote-_ Perhaps we differ bc I don’t let others do the thinking for me.
Having a headstart with money doesn't make you less of a philosopher. It is easier however to lack perspective on things.
It is better to be unhappy with wealth than without it.
This podcast-episode is exactly what’s wrong with american politics. Opinions can be bought. ‘Hidden’ commercials like this is illegal in normal democracies
Indentured servitude has to do with time not money. We are living in a feudal system without question. Social Security is nothing more than indentured servitude. you work for determined length of time in order to receive social benefits . It's actually worse than indentured servitude in that YOU end up paying yourself only you aren't able to access those funds until you finished your servitude. All this coming at time in one's life when you hope you have enough health left to make it worth your while. Social security as well taxation on labor are unconstitutional and criminal. This country is so far from what it was supposed to be it is't even comical.
simply put you are paying the government ( master) for a future debt opposed to a debt incurred during your productive years. criminal is only word The fundamental principle of being a sovereign entity dissolves once you start taking taxes from one's labor. This is not a hard concept. The problem is we have all been bamboozled into believing that this is the right was because our forbears said so and there is now chapter and verse to reinforce this idea. The 16th amendment does NOT make it right!!!!
Patrick Deck Doctor okeano You’re 100% correct. This has all the characteristics of feudalism. Dropped into a modern setting.
@@kensurrency2564 The moment the 16th amendment was created America lost the essence of the Constitution. The essence, the fundamental principle was be sovereign; The people and country. But once the people began to fill the government's coffers rather than the "invisible hand" of capitalism working correctly with government utilizing impost / export tariffs to promote the welfare of the citizens and promote diplomacy, American lost their ability to be sovereign. The government owes the us citizens. That's not how a Free Constitutional Republic is designed to work. This country has been operating under false pretenses since day one. Sadly the founding fathers didn't address the slavery issue soon enough. Thank you. It would appear that we are the only Americans who see indentured servitude.
While I appreciate the self awareness; I have to admit I dislike people who rather have a full bank account than a full moral account.
I think Scott has nailed the "far left" view better then even they could state it. Using the term "socialism" is hearing past what young voters, especially Berners are saying. Decoupling it from the SJW movement and examining their real attitudes toward wealth for a moment, I think you'll find most of them in agreement with Scott's observations: basically, they all just want the same deal that their parents and grandparents got out of the same economic system.
And I think the mainstream Democrats that they're rejecting represent the Clinton-era shift away from equality of outcome policy of the 70s without accounting for the difference in real opportunity that actually exists today. They don't want welfare as such, they just want a solid floor from which to leap forward without worrying so much about destroying the entire world economy whenever they fail. If every other economic metric was the same as in the 50s, I doubt they'd even care about state subsidized healthcare or college.
I'm not listening to half an episode. I can't remember the last time I listened to Sam Harris I miss it. You are missing out on an entire audience now.
The ones who don’t pay. I’m sure he’s devastated, anonymous virgin lol
@@gerrywallington all the extra stuff he does like the meditation app or extra podcasts sure charge for it but cutting in half the weekly ones he's consistently done just to get people to go to his platform is bad business practice. Even musicians release their full song. Even other great thinkers release full podcasts and just charge for anything extra they offer. Sam's one of the only ones truly trying to now cash in on his words
Dude, i pay 7 dollars a month, and i enjoy all his podcast. Is it rly that much to fork out for content you clearly value enough to resent not having enough of??
@@ajv336 for those who dont have that to spare a month yes. He doesnt have to give all his extra content, he rarely has, but to now just give half a podcast and nothing else is going to push people away and already is.
@@donnmckee4973 if you genuinely can't afford that, just send him an email, like he always suggests his listeners do, and he'll give you access for free
Great interview!
That music, lol.
Fucking annoying. The old one was better.
It's the perfect contrast to the content, people are out to lunch on this one.
good discussion, but Scott's rationalization (~ 1h6m) to stay invested in companies which he claims are doing great harm is disappointing. Basically admitting to being complicit in corruption, even corruption that kills.
I understand your concern that Sanders is going to alienate too many moderate voters, but Trump should have alienated them anyway and since that didn't really happen in 2016, I don't see why moderates would look at Trump and see him as a better alternative to Sanders. There's a healthy amount of voters who were ready to vote for Sanders in 2016 but flipped to Trump solely because they wanted the DNC to learn that they can't play dirty politics. There are also a lot of moderates who saw Clinton as far worse than Trump due to her platitudes, corruption, hypocrisy, and just wanted to get someone into the White House to disrupt the corruption and the biased media.
You don't need to agree with people who voted for Trump, but you need to understand why their priority was to throw a wrench into the machine rather than support another establishment corporate sellout like Clinton. Again, you don't have to agree with those points of view, that's just the reality of why many voted Trump despite thinking he's an awful person.
You're very close to committing the same mistake as the Democrats. It's very clear the Democrats don't understand why they lost 2016 and you seem to be missing some of the puzzle pieces still. You cannot have the mentality that your priority is to get Trump out of office. That leads to supporting anyone under the sun and you and Scott end up endorsing some pretty bad candidates. People like Mayor Pete, Amy Klobuchar, Warren , Biden, and Bloomberg are all quite awful candidates, especially Bloomberg. If you think Bloomberg has the best chance to beat Trump, you need to do some deeper thinking. Trump is the kind of wealthy person people like because they can relate to him. Bloomberg doesn't have a relatable bone in his body. He already used his wealth to cut in line, he's continuing to use his wealth to sway the DNC, and he doesn't strike a single person as down-to-earth the way Trump does. Bloomberg is the exact kind of billionaire people hate, he's not going to get Trump voters to flip.
Amen dude. Sam is missing so much of the current political landscape, it's mind boggling. I truly think he is seriously starved of alternative information, and instead steeped in liberal MSM. He sounds identical to any of their talking heads.
Scott Galloway"s attitude is what's wrong with America! - talk long and wide about morals and ethics and how important they are ...except when it comes to money. Facebook is unethical and despicable, criminal even, but if you can make money with it, do it, money first, ethics ....maybe later.... at least according to Scott Galloway. Please Sam Harris don't listen to this cold, calculating economist, you are better than this!
Sorry Scott, but Bernie is the only Democratic candidate worth voting for. We are *DONE* with the status quo. If Bloomberg actually wins the nomination or any other establishment candidate, then I will vote for DONALD TRUMP myself. I swear, I am not even kidding. I will wait in line on election day and proactively vote for Trump out of pure nihilistic spite, if Bloomberg wins the election.
Bernie only wins 12 states? I wonder if this genius can point out which of these Bernie will lose..
1. Hawaii (lock)
2. Washington (lock)
3. Oregon (lock)
4. California (lock)
5. Nevada (lock)
6. Colorado (lock)
7. New Mexico (lock)
8. Illinois (lock)
9. Minnesota (lock)
10. Wisconsin
11. Michigan
12. Pennsylvania
13. Maine (lock)
14. Vermont (lock)
15. New Hampshire
16. Massachusetts (lock)
17. Rhode Island (lock)
18. Connecticut (lock)
Washington DC (not a state but a lock for Sanders regardless)
19. New York (lock)
20. New Jersey (lock)
21. Virginia
22. Delaware (lock)
23. Maryland (lock)
At minimum 18 states are an absolute fucking lock for Sanders. And I’d argue he’d win all 23 I named, which would get him over 270 electoral votes. The New York Times have compiled all polls done by different media outlets including Fox News. In 67 out of 72 polls Sanders beats Trump. This clown is suffocating in his own elite bubble where Mike Bloomberg is considered a compassionate man who can beat Trump. What a fucking joke.
WOW Sofi Tukker ok! ! Nice Sam! Song : Drinkee by Sofi Tukker
Good show...Scott Galloway stating perfectly on target definition of Zuckerberg and his monopoly and
Sandberg cohort much appreciated. I pen these words in May 2021...President Biden in power..and
Perhaps this administration will divide and conquer the Facebook monopoly to this a better world.
My two favorite people
Sam is playing 80's porn music because after 40 years it's considered classy...and my homie Sam is all about class in this podcast
Listening to this months later I am amazed at Sam’s apologia for Bloomberg’s thinly veiled republican-light policies.
How’s all that Bloomberg support for Police looking post-George Floyd?
Man this wealthy guy’s saying don’t demonize the rich how about stop telling people everything’s fair and justice is being served to those struggling with debt, low paying jobs, a huge healthcare bill, or all three??
Sam, can you please have Anand Giridharadas on to counter this guy? This guy shouldnt go on without some sort of pushback or retort.
Harris is out of touch when it comes to politics (I'd argue among many other topics he talks about). I'm a Finnish citizen and from my perspective Bernie Sanders is a left-leaning Social Democrat, not a radical. There is a lot of evidence to support his views, for example:
en.m.wikipedia.org/wiki/World_Happiness_Report
Harris uses the term in the american context only because it only has that meaning in America alone. I know it seems odd to you in Finland to hear it as it strikes me the same way because certain terms mean something else outside the US. like "libertarian" for instance, which to you and I is associated with libertarian socialism/anarchism/collectivism/abolition of illegitimate hierarchical structures of power in the Spanish civil war tradition while in the US it means exactlly the opposite
(ie: Ayn Rand objectivism/individualism/self interest/little to no Gov. interference on wealth creation and labor exploitation/ free market savage Laissez-faire capitalism/private tyranies, etc...).
In a country moved so far to the extreme right of the political expectrum a politician like Sanders is considered a "radical leftist" even thou his actual positions are far from what that label means in Europe or South America. Dennis Kucinich in 04/08 was called an "leftist extremist" and he never even said the word socialism. Most democrats on the center are scared of Sanders usage of the word "socialism" because its meaning was so perverted by propaganda that it is associated with Stalinism/Maoism/Leinism and totalitarianism. I know it is ubsurd but that is the american reality.
Noam Chomsky said it best; "In the US, there is basically one party - the business party. It has two factions, called Democrats and Republicans, which are somewhat different but carry out variations on the same policies. By and large, I am opposed to those policies. As is most of the population."
Thanks for your carefully considered answer. To be fair, Harris didn't necessarily use the term "radical", but he said something to the effect of Warren and Sanders gearing up for class warfare etc. I'm somewhat familiar with the American polical culture and terminology (not to claim more than a superficial knowledge though) and I understand that in different traditions and cultures terms surely might have different meanings. Actual point of my comment wasn't so much the fact that I would be confused about the terminology used here, but to bring forward a message that Sanders' propositions are possible to put into action (surely there a many factors, geographical etc.) with tested results.
@@hansxx2201 You're welcome. Warren dropped out so Sanders now carries the "class warfare" banner alone. Yes, on that Harris is incorrect and just regurgitating a flawed and somewhat hysterical over reaction to a fairly reasonable position of taxing the rich more than working people and health care for all Americans. That is not exactly calling for a Marxist proletarian revolution with workers control of the means of production and the end of capitalism in America.
PS: I don´t think he´s out of touch, I think he´s very much in touch with neoliberal ideas.
They need to get the legalized corruption out of politics if they really want to help people. The average voter usually does not get what they vote for, whereas the rich usually get what they vote for because of legal corrupt campaign contributions.
The problem isn't really individuals (like J.K Rowling) making money. The problem is having an entire system that grows the wealth of billionaires at the expense of everything else that we care about, including democracy. It is very typical to make this into a question of whether or not the billionaire is personally responsible, as I am sure some of might even have the noblest intentions. This is beside the point. The system would be healthier for everyone with fewer billionaires. Please tell me why I am wrong! I mean isn't it slightly hypocritical to be complaining about identity politics but then labeling an entire spectrum of economically opposed people as the 'far left'? True to the word of intellectual honesty, please invite an economics professor like Richard Wolff on the podcast to discuss why billionaires pooring millions into elections is a great system, as opposed to running a campaign funded by 'an angry far left mob'.
edition.cnn.com/2020/02/24/perspectives/billionaire-wealth-taxes/index.html?link_id=13&can_id=674c5448d2a3c3a34693331ca055ee1a&source=email-february-nec-member-update-2020-review&email_referrer=email_733074&email_subject=february-nec-member-update&fbclid=IwAR2B7Sa5041FnIGDHEjf4L_-qJUplinPdX_lHefnmenaBtrqWv6CL1HQChQ
Very interesting stuff!
Scott says we should tax billionaires and corporations more, then says accumulating a large amount of billionaire and corporate donors is a feature not a bug. Does anyone see an obvious disconnect here?
Change intro sound again plz I'll pay you. Great discussion! Thanks.
Probably a dumb question, but when Scott says something along the lines of, "making the jump from income tax to capital gains, then to light speed" what does he mean by light speed? I've never heard that term used in that context. I may be mishearing.
Thanks!
Jack Lasley he's referring to the power of compound interest and compound returns. Converting your income from say 28% tax to 20% gives you not an 8% difference... rather than 8% can be invested and grow which then pays out and grow and then pays out and grows and suddenly your income is growing at an astronomical rate versus what it would have all. Now you're making a million a year and paying less in tax than someone working and making 200k and that guy can never ever catch up to you.
The odd thing I find is that people believe that we can keep growing this system forever. Isn’t that the underlying basis of capitalism? Compound interest and exponential growth are not sustainable. Mathematically. The new gains have to come from somewhere, and we live in a finite space. Our space and planet are not getting any bigger. So where do these increasing gains come from? It has to come either from natural resources, or humans. Our time. Our labor. Our energy. There is a limit to everything. I can truly only do so much in an eight hour work day. And still they want more out of us.
I’m writing this on March 17, 2020. The federal reserve has just given over two trillion dollars to the financial market and lowered the baseline interest rate to zero. And it didn’t help at all. The stock market continues to fall despite the band aids. They know something is wrong and are scrambling to do anything. They created $2T dollars out of thin air and where did it go? The whole thing is a fantasy, Sam’s mirage if you will. People have dreamed it up. Now we have to pay to get out. It looks like COVID-19 may have just popped the bubble.
I would like to have subtitles. Your work is amazing, thank you.
JK Rowling made money by writing what kids wanted to read and not what they needed to. Harry Potter is the McDonalds of literature.
I glance at the screen occasionally, all I see is a shark .
There's probably a shark or two on that boat.
Especially if you reduce the resolution to 144.
Re: stop and frisk. It is not just about whether it is politically correct, but whether such action is reasonable in the first place. It is true that violent crime in some parts of the world is carried out statistically more by those with a given skin color. But that does not mean everyone with that skin color is a criminal. So the question becomes, whether or not it is reasonable to single out anyone of that skin color for higher rates (or near exclusive targeting) of anti crime prevention policies as intrusive as stop and frisk.
I actually think that the fact that insurance companies get away with such profiling is immoral too. You pay insurance premiums not based on your behaviour but on a statistical analysis of those deemed similar to you.
@Tarzan Not sure where the 'libtard' name came from. Do you know why you called me that or is that just what you call anyone you disagree with for any reason?
Stop and frisk may not officially have been based on skin colour but in reality, it was strongly biased towards certain skin colors. I agree that your firefight where the fire is, but if you go out and drench with water any house that you think looks like it might be flammable, then you can expect some push back from the owner.
I understand the logic of increasing police presence in areas known for crime. Here in Cape Town the police use brethalizers on drivers in particular locations where they know there are a high percentage of drunk drivers. It makes sense. But there are limits to what is reasonable for police to do without even suspicion of a crime, and full body searches, even if you happen to live in a high crime area, simply is not one of those things most people would consider reasonable if it happened to them. Sure, most people are fine with anything if it happens to someone else which is why locking up children in cages happens when it is not your children.
Best part: 1. Billionaires are wonderful, good people. 2. Billionaires will renounce their citizenship and move somewhere else if you tax them 2%. Very convincing, Scott.
but it's true though. And what you are left with is the inability to fund programs that would be paid for by a wealth tax.
A VAT tax would make more sense because it is distributed throughout the supply chain for big companies (they can't avoid it) and the individuals only pay for whenever they spend (the notion of private property remains intact->billionair stays).
This VAT could further fund programms like M4A or UBI.
@@rockndancenroll Sure, but then don't claim these people are "good" and that we should not "demonize" them. They care about their money more than their nation or fellow citizens, if Galloway is correct. That's as low as it gets, and one should take an aggressively adversarial stance toward such a person.
A tax on unearned wealth, capital gains, would be great!
@Tarzan Everybody takes risks, most people don't get paid for it. When the economy soars, those with investments get richer, when it slumps *everybody* suffers.
As much as I've liked Sam over the years I'm shocked at how out of touch he's become through what seems to be willful ignorance and appeal to authority. It started to show in his interview with Eric Weinstein but he seems to have gone full blown bootlicker in this discussion
I could not agree more. He has become a 'chapter and verse' guy. And if he can have a podcast with the author of the chapter and verse we are all supposed to digest his views as 'smart' Wienstein is Sam Harris multiplied by a factor of 10
comment section on these videos really degraded over time only thing I see is "tHe iNTro mUcsiC"
Basically a one hour ad for subscription to your media library, how does it end? You get to know for $5.99 a month.
You mean 1 hour of free content? To look at this as Sam somehow detracting from your day/life... I mean, c'mon.
The guy was very smart and interesting but so politically one sided. Not woke, but the alarm was going off.
That's true! Lots of virtue signaling. White hetero male this, white hetero male that...
Ummmm lol? he's like the least politically charged person you could imagine.
hhhhippo I have to completely disagree, what did he describe Trump as. The need to remove him from office, how is that not politically charged?
I think the wealthy believe that the non-wealthy (especially the working non-wealthy) care about wealth inequality more then they do. They care about what they can do and the security that they will be able to continue doing what they want.
I think they both get the problem of wealth inequality but they're also very much in a wealthy cohort that had a different set of opportunities than people today. It's the same in Sweden people that are old bought a house for 50 000 dollars that young people now have to pay 600 000 dollar for and wages have not kept up.
It's sad that this conversation doesn't transcend above two guys that are wealthy and lucky we will never get away from the fact that most people won't be wealthy or succesful and these people still need to have a decent life working normal jobs. I'm also sick to death of hearing rich educated people talk about the dangers of facebook and google while owning stocks and using their platforms to make money
freaking epic rant on Zuck and FB. check out the 1min podcast highlight here: getshuffle.app/highlight/scott-galloway-s-epic-rant-on-zuck-and-H4kgjSKVnk0
Plot twist: that’s Sam’s boat in the thumbnail.
I don’t listen anymore because I only get half a podcast unless I can pay. Sorry.
So in short "Sanders bad" cause "muh socialism". Yeah this guy will have such a rude awakening.
He talks about money as private property. It isn't. If it's the property of any it's the fed bank and those who control it.
He is actually talking about wealth as private property. Money as you say is not property. It's just a means of transfering wealth and it is indeed the property of the FED.
@@rockndancenroll he actually spoke of both. In one instance he focuses on wealth in another he is talking about money. It's something I listen for, because it is an idea they use to fool people when their life revolves around paychecks. At first I thought he was gonna avoid that association but later he linked it in.
@@JohnThomas-ut3go ok didn't catch it.
What do you think about Scott's view on Bloomberg's stop and frisk?
I still think it's not justified, I think it's a racist policy that shouldn't be implemented. Currently reading the "Chokehold" by Paul Butler and I'm disgusted by the function of such policy and its detriment to the black community.
I feel Scott is a bit far removed from the reality of the situation or would ratherthink selfishly rather than morally. To his credit, he admits of choosing his range rover over acting ethically.
@@rockndancenroll I have not seen data showing if it was increasing security or decreasing security. It is most assuredly unconstitutional in many ways. That doesn't matter to today's politicians or justices. And the sacredness of the Constitution shouldn't matter to us. We should be able to change it as needed but partisanship renders that impossible now. As to morality of the issue I see things different then most. As I thought about differing moral philosophies and their goals I've come to believe what is moral is what provides the most security (not just from physical harm) to the most people. I've seen no data showing this significantly increased security to offset the decrease in security it creates. Absent that data, and data showing its effectiveness if scaled to all places and people it is most likely immoral as well by my opinion.
Sam, you are my favorite intellectual but besides being inarticulate and crass, what has Trump done wrong to the American people?
Create a personality cult around him that's so fiercely loyal no matter how many times he lies or abandons a military ally they will praise him while attacking anyone who doesn't agree.
@@donnmckee4973 Has Trump abandoned any of our military allies?
There are a lot bigger problems with Trump than that. Just do some research. Crass, is gigantic fucking understatement. The dude dances on a war hero’s grave, for the crime of disagreeing with him, on fucking Twitter. Inarticulate is also an insane understatement. He’s not managed to make a single salient point the entire time he’s been in office.
I don’t know about you, but someone being top tier inarticulate and crass, is not what I want in a president. If those were his only problems, and they certainly aren’t, I’d say the psychological damage to the American spirit, being represented by such a reprehensible buffoon, for over half the country, would qualify as a major harm to the American people.
@@mst1269 Kurds. One example. Research. Please.
@@donnmckee4973 He's military intelligence advised. example number 2?
Podcast has lost its magic
I had this going on in the background and thought the intro was an ad
I don’t think I would describe an igloo as chewy and soft on the inside, and certainly not a person, regardless of how accurate it may be.
That was odd. Lol. He sounded like a weird mix of a 9 year old boy who likes a girl but can't bring himself to compliment her and a really wise older guy who has himself a schoolgirl crush.
Hard and cold on the outside, and empty on the inside.
Sure...elections are important, but we need to talk about that music.
I vote for the original one.
It's alright Sam, I like the intro music
He won me with the comment that in our tax structure money is more sacred than muscle--in other words, that investment income is taxed lower than work income. No kidding.