Wealth & Happiness: A Conversation with Scott Galloway (Episode  

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*

That sinking feeling when there is "no housekeeping today".

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.

Listening to this again several years later and it still maintains deep quality and persistent accuracy and assessment of our present condition. Well done.

That intro song slaps in a Jimmy Neutron's dad kind of way.

1:04:45 lolol That was a satisfying teardown of facebook.

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.

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

Thank you Sam for being one of the few podcasters that put the topic and guest name in the title of your vids!

11:36 "i spend most of my undergrade years watching p....planet of the apes trilogy" Ah yeah, you dodged it last second, lol

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.

Who are we? - Sam Harris fans What do we want? - old music intro

Longest clip ever!... A sudden fade out is almost impossible but Sam figured it out. Great convo

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 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.

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.

I return to watch this every once in a while

6:10 ... “graduated, lied about my grades, couple years at Morgan Stanley ...” Oh now I see what I’m doing wrong

This is the groovyest episode yet

I’ll pick your music for free... please

Great interview!

OK Sam, the intro music was funny, the joke was successful, can we switch back or move on to something appropriate finally? :)

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.

Wow this was both awful and insightful😊

Very interesting stuff!

Hi Sam. I would love it it you moved into the 3 hour long podcast model. You are doing great man!

Super relevant talk. Love Listening to rich people explain things away.

My two favorite people

yep, i miss the original intro music

Sam is tripling down on that muzak :)

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.

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.

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! 😂👍🏻 👶🏻 🍼 ☕️

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.

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

I would like to have subtitles. Your work is amazing, thank you.

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

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.

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.

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.

I used to be a great admirer of Sam's intellectual output. The he changed the intro song of his podcast.

That music, lol.

In honor of my first RU-vid first I vow to listen the podcast in its entirety and something insightful the discourse? Wish me luck fellow apes.

WOW Sofi Tukker ok! ! Nice Sam! Song : Drinkee by Sofi Tukker

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 had this going on in the background and thought the intro was an ad

Is the picture an 'ommage to Jaws?

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.

Cutting off the podcast is annoying

It is better to be unhappy with wealth than without it.

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!

Plot twist: that’s Sam’s boat in the thumbnail.

Doing some house keeping here... it sounds a lot better than the intro...

Change intro sound again plz I'll pay you. Great discussion! Thanks.

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.

When did podcast become pay to play?

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?

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.

Basically a one hour ad for subscription to your media library, how does it end? You get to know for $5.99 a month.

I glance at the screen occasionally, all I see is a shark .

what was wrong with the acoustic guitar sound? It was lovely and calming.

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.

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

This podcast-episode is exactly what’s wrong with american politics. Opinions can be bought. ‘Hidden’ commercials like this is illegal in normal democracies

Why Jaws? 🦈 the background image

Sam, can you please have Anand Giridharadas on to counter this guy? This guy shouldnt go on without some sort of pushback or retort.

Mr. Money Mustache has some thoughts. Self-actualized with monetary achievement, no stress for sure.

Please talk about the coronavirus on next pc sam

JK Rowling made money by writing what kids wanted to read and not what they needed to. Harry Potter is the McDonalds of literature.

next guest should be Akala

comment section on these videos really degraded over time only thing I see is "tHe iNTro mUcsiC"

Why is the sound skipping in and out anyone?

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.

Love the music.

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.

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.

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.

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

1:05 That rant...

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.

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.

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.

You might as well play the intro of The Benny Hill Show

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.

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.

Listening to this months later I am amazed at Sam’s apologia for Bloomberg’s thinly veiled republican-light policies.

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.

Sure...elections are important, but we need to talk about that music. I vote for the original one.

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.

Now imagine the genius which may have been excised from the grand human equation because they didn't fit the predetermined intellectual, academic or socioeconomic demographic?

Right On Sam ! What a tune at the Start! DJ Sam Harris

I don’t listen anymore because I only get half a podcast unless I can pay. Sorry.

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.

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.

The singular prediction Sam's political insight compelled him to proudly broadcast was that a Bloomberg nomination was likely in the cards. Jesus.

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!

This dude is proof wealthy people aren't smart.

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

Sam Harris, one of the greatest minds ever, the philosopher and neuroscientist..... Sam's music choice.....erm let's not go there