Bill O’Reilly and Jon Stewart discuss the aftermath of the Trump assassination attempt, the pervasiveness of anger and hate speech in political rhetoric, and what this means for this year’s election. Plus, Scott Galloway explains to Ronny Chieng how young people have a right to be enraged for their lack of economic mobility due in large part to the Boomer generation voting for their own economic benefits at everyone else’s expense.
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Episode Transcript
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Speaker 1 (00:01):
You're listening to Comedy Central.
Speaker 2 (00:15):
What I got tonight? Here is the host of the
O'Reilly Updates and he is the author of the forthcoming
book Confronting the Presidents. Please welcome back to the program,
bell O'Reilly, sir, come on out, take the time. Thanks
(00:44):
for having me to appreciated William Yes, sir, you our
country we are in such a dangerous moment. You've written
books on almost every assassination, as you have a whole
line of the Killing, the Killing, Killing, the children's series.
You're right about killing presidents. Is the time we're in
(01:06):
in your mind? Are we in a unique time in
American history of polarization or as you looked back on
those other moments of terrible tragedy in our country? Are
there similarities or difference?
Speaker 3 (01:20):
Yeah, it's not unique, but the social media and the
corporate media heighten everything.
Speaker 2 (01:30):
So you're saying Lincoln's tweets were not a part of He.
Speaker 3 (01:33):
Had to like get a pigeon and throw them out,
d and limited. But the assassins all have one thing
in common. They were all mentally ill, all of them,
and most of them did their terrible deeds because they
were in a rage and you're going to find out
(01:54):
that this guy in Pennsylvania fits both of those categories
that has been human nature since they do.
Speaker 2 (02:01):
You believe then that the political rhetoric, I mean, John
Wilsbooth was clearly a political actor, No, but he was
also mentally ill.
Speaker 3 (02:08):
Well, John Wilkes Booth was a fanatical conservative and racist
who hated Lincoln.
Speaker 2 (02:13):
Good thing that's gone out of the country.
Speaker 1 (02:15):
Well, that's what I'm saying.
Speaker 2 (02:19):
No, I know I was saying it too.
Speaker 1 (02:21):
I'm saying that's why we were both saying it.
Speaker 2 (02:25):
We're obviously sharing that opinion where simpatico, Yes, exactly, exactly,
don't so Latin.
Speaker 1 (02:32):
I'm sorry.
Speaker 3 (02:33):
So it's not new, but where now in a society
where hatred is rewarded.
Speaker 2 (02:41):
It's incentivized, it's monetized.
Speaker 3 (02:43):
That's right, And I'm on a The hate brigade is
now pulling back a little bit because they have to,
but they're going to be back in two weeks because
they get paid to do this.
Speaker 1 (02:53):
They're so untalented.
Speaker 3 (02:55):
And you, oh boy, oh boy. I want to make
this point because Stuart and I have a history.
Speaker 1 (03:02):
All right, we'll go back. But if you watch, if
you google all right do it, and.
Speaker 2 (03:09):
Ship's passing it at night.
Speaker 1 (03:10):
It's really.
Speaker 3 (03:13):
We are able to disagree without hating each other. Now
I truly hate him, but I don't I don't show it.
Speaker 1 (03:21):
You hold it, I don't put it. But but now
that's not rewarded.
Speaker 3 (03:27):
That kind of deaton where two people look at life differently.
Speaker 1 (03:30):
Isn't rewarded.
Speaker 3 (03:31):
The haters get the big money, and so that's what
you have.
Speaker 1 (03:37):
And I think all Americans start.
Speaker 3 (03:38):
To hold the corporations accountable. You can't do anything about
the guys and the basement that are chucking this stuff
out and you just had it on these conspiratorial nuts.
Can't do anything about that, but you can say to corporations,
you better knock this stuff off, you better stop calling
people racist and na season this and that. Now your question,
(03:58):
and thank you for letting me take question.
Speaker 1 (04:01):
I don't remember. Thank you for letting me. While you were.
Speaker 2 (04:03):
Talking, I was watching a different program.
Speaker 1 (04:05):
I'm watching it.
Speaker 2 (04:06):
I'm watching South Park reruns right now. I don't even
know what you're talking about.
Speaker 1 (04:10):
But this one is better. So listen to me.
Speaker 2 (04:11):
I'm gonna listen to it. But then I have a
fall up to this, which I think is important.
Speaker 3 (04:14):
Okay, So your question is then what can people do
about this?
Speaker 1 (04:20):
All right? Reject it, don't celebrate it.
Speaker 3 (04:23):
So this kid twenty years old in Pennsylvania, and no,
we don't know what caused him to do that.
Speaker 1 (04:30):
We knew he was a miserable kid who was bullied.
Speaker 3 (04:32):
All of this stuff, right right, we all know that,
but we don't get into always a Republican. That's the
first thing they said on the View, the first thing
they said on Monday on the.
Speaker 1 (04:44):
Editor Republican stop it. That does nobody any good? All right, but.
Speaker 2 (04:49):
Bill, let me push back a Look, you and I
are both somewhat fossilized practitioners of the rhetorical arts that
are confrontational at times, provocative at times, and we made
a really spectacular living pushing those envelopes. It seems now
(05:13):
to say, hey, these other people should stop he look well,
it's like it's like it's like, uh, spach, but don't
you believe let me let me put this wet it.
We keep saying like, we don't know why these people
do it. They're all mentally ill. But let's stop the rhetoric.
(05:33):
Even though we have no idea. Wouldn't it be better
to come up with. People can be passionate, people can
defend their position, and shouldn't we be shouldn't the argument
be we have to start arguing with each other in
good faith?
Speaker 1 (05:46):
Okay?
Speaker 3 (05:47):
So Biden made a good point last night in the
Lester Hold interview when he said, what am I supposed
to do?
Speaker 1 (05:52):
Not criticize Trump?
Speaker 3 (05:54):
Because I think feels it is at towards the third Reich?
Speaker 2 (05:58):
You know, Okay, you know he didn't say that.
Speaker 3 (06:01):
But no, but he was thinking it, Stewart, he was thinking,
and I can read it.
Speaker 2 (06:05):
Stop monetizing your anger.
Speaker 1 (06:07):
So anyway, stop.
Speaker 2 (06:10):
I don't like it.
Speaker 1 (06:11):
I don't like it one day.
Speaker 3 (06:12):
But he made a point yes where I got to
criticize the guy because I don't believe he's good for
America and I believe he's x Y and say, Okay,
criticism is good, Robust debate is good. I like coming
on here in front of all of your friends out
here and the audience. You know, I have no friends here. Okay,
(06:33):
my friend will not just here.
Speaker 1 (06:35):
Well, I'm giving him that one, all right. Okay, So.
Speaker 3 (06:46):
We have made a nice living confronting other people, sometimes
making fun of them, sometimes serious debate I'm going to
do your podcast tomorrow direct and now I'm going to
kick your butt, of course, But we don't want to
see them, at least I don't destroyed, right, that's the difference.
The fanatics on the left and the right want to
(07:08):
see their opposition destroyed.
Speaker 1 (07:11):
They want to hurt them.
Speaker 2 (07:13):
But I've heard a lot about and even from you,
not to arguing that point, are you. I'm not arguing
that point. I think that's a more measured point than
you've probably been making, and that I've been hearing come on.
Most of your points from what I've been following, is
that the left has to take it down a notch.
You've mentioned MSNBC.
Speaker 3 (07:32):
I ran a montage on the No Spin News last night.
So I'm Bill O'Reilly dot com. By the way, four million.
Speaker 2 (07:37):
By the way, happy log on. It is hard to
get on there, it is.
Speaker 3 (07:43):
It's not hard for the four million people that watch
me all the weekend, four four million.
Speaker 1 (07:48):
Was hard for them. A lot of chimes, thank you,
all right?
Speaker 3 (07:53):
So I ran a montage of haters on the left
and the right. I just and I didn't have to,
but well he's terrible. I just let their words speak
for themselves on.
Speaker 2 (08:06):
The right, and I don't know if you would argue this.
There is a feeling that they haven't been doing that
and that it is the purview.
Speaker 4 (08:13):
Of the life.
Speaker 2 (08:13):
Okay, there's been a lot of that.
Speaker 1 (08:15):
People believe what they want to believe.
Speaker 3 (08:16):
But those of us who are sane and fact based, right,
and that might not be you. We know what reality
is because we can see and hear it, but.
Speaker 2 (08:26):
We're no longer agreeing. How can we have a conversation
about rhetoric if we can't even agree if there are
delusions of it's really only them. I mean when I
watch the guy from the Heritage Foundation say the revolution
will be bloodless if the left, you know, allows that right,
(08:47):
and you're just like, what are we doing here? You know,
some of the fears of people are justified. Tens of
millions of women lost access to reproductive choice based on
the decisions of that party. Those are real life consequences
of great gravity and weight.
Speaker 1 (09:03):
How do we talk.
Speaker 2 (09:04):
About those in a way that so that you're able
to express it?
Speaker 1 (09:09):
It's not difficult to talk about it, and you don't.
Speaker 2 (09:12):
It seems like it is.
Speaker 3 (09:13):
See the mistake that you made, one of the many
you're trying to get the fringe people in to be reasonable.
Speaker 2 (09:21):
Your marriage foundation that lead is not the fringe.
Speaker 3 (09:24):
And when I want no, no, no, it is that
people don't know what that is. Most Americans I put
the number seventy percent are good people. Don't doubt that
want acrimony, they don't want violence.
Speaker 2 (09:35):
I don't care.
Speaker 1 (09:37):
Those are the people you play to, not the fringe.
Speaker 3 (09:40):
People who are just out there wanting to, as I said,
destroy the other party.
Speaker 2 (09:45):
Your your candidate.
Speaker 1 (09:47):
Why no, I don't have a candidate. Oh right, okay, independent.
So that's what this guy did. And this is what
you did.
Speaker 2 (09:59):
I really didn't take look at this Cornell westfellow.
Speaker 3 (10:04):
If you guys watched the air conditioned litatorium, he did
the same thing.
Speaker 1 (10:09):
Listen to me, Nick Romney, listen, you are fossil.
Speaker 4 (10:12):
Listen to me.
Speaker 2 (10:15):
Listen the candidate who represents many of your kinfolk. He
said the election was stolen and rigged and drove people
to this madness on January sixth. How are we to
(10:36):
deal with that?
Speaker 1 (10:37):
Truly?
Speaker 2 (10:39):
You know, what is the hallmark of a democracy, peaceful transfer?
That put that in jeopardy.
Speaker 1 (10:44):
That has haunted him every day since.
Speaker 2 (10:46):
Oh, he's paid a terrible price he has.
Speaker 1 (10:49):
Can I explain the truce.
Speaker 2 (10:50):
He's going to go back to the White House and
if you have to fix the damage of.
Speaker 1 (10:53):
Him paint that wall.
Speaker 3 (10:57):
If Trump hadn't done that on January sixth, he'd be
ahead of Biden by twenty five points in the poll.
I mean, that's how bad Biden has been for the country.
Speaker 1 (11:07):
Well, I disagree with that, but that's all the fuss
you do. But that's okay, Well, I understand, I can
back it up. Do you want me to? Okay, I'm
going to ruin your day. I'm going to ruin your
days through.
Speaker 2 (11:19):
You brought a handkerchief, all right.
Speaker 1 (11:22):
I was prepared for this.
Speaker 3 (11:25):
Food price is under Biden up twenty percent, Gas price
is thirty eight Mortgage rates.
Speaker 1 (11:30):
One hundred and sixty percent.
Speaker 2 (11:31):
Yeah, prices are gone.
Speaker 3 (11:32):
Drug ODE's up thirty six percent. Okay, car insurance one
hundred and twenty five percent.
Speaker 1 (11:39):
These are folks. They have to spend that month.
Speaker 2 (11:42):
There's no question that post pandemic, this country and the
world have suffered.
Speaker 1 (11:46):
Trump had two years of post pandemic.
Speaker 2 (11:49):
Right, But Trump ran an eight trillion dollar deficit. He
spent one point seven trillion on tax cuts he deregulated.
Inflation was cut.
Speaker 1 (11:57):
One point five percent when he walked out.
Speaker 2 (12:00):
But look at it in relation to the world, I
respectfully say, yes, inflation was too high and that hurts
American consumer. You want this, So what did Biden do
to create that?
Speaker 1 (12:11):
Though? I don't know, and that's what I would ask.
Speaker 2 (12:22):
So, baby, you wrote down a piece of paper, but
you didn't look up the answer. I'm not going to
need to.
Speaker 3 (12:32):
I want to ask Biden about that. Okay, So you're
saying why did Biden do it?
Speaker 1 (12:38):
I'm not going to hear.
Speaker 2 (12:39):
In mind, that was a very poor impression of how
I've been saying.
Speaker 4 (12:42):
It's like.
Speaker 1 (12:46):
That's nothing. Okay, all right, So my job as a
journalist is to say, when.
Speaker 2 (12:51):
Did you get that job?
Speaker 1 (12:52):
Then you really make it too easy.
Speaker 2 (12:57):
We're gonna talk tomorrow.
Speaker 1 (12:57):
We gotta go. This is too long.
Speaker 2 (13:00):
Thank you for being here. Confroning the Presidents comes out
September tenth, available for pre order. Bill Rather.
Speaker 1 (13:12):
Daily Show.
Speaker 4 (13:13):
My guest Tonight is an y U professor, entrepreneur, and
best selling author whose book is called The Algebra Wealth,
A Simple Formula Level Financial Security. Please welcome Scott Galloway.
Speaker 5 (13:41):
Thanks for joining me, professor, thanks for having me.
Speaker 4 (13:44):
Algebra wealth? What is the algebra wealth?
Speaker 5 (13:48):
So it's a retrospective and all the mistakes.
Speaker 4 (13:50):
I mean, what is the how? What is that? How
do you make money? Yet?
Speaker 5 (13:54):
Now I wanted to insert me into the story. Right,
So it's a the algebra. The first is focus. Try
and find your talent, not your passion. Anyone who tells
you to pursue your passion is already rich. Find something
you're good at in an industry that has an employment
rate above ninety percent. Side hustles mean your main hustle
isn't work, and go all in on something. Then you
(14:16):
want to talk about stoicism. Control the things you can't
control you can control.
Speaker 4 (14:19):
Hey, this is that complicate?
Speaker 1 (14:21):
How do I Why?
Speaker 5 (14:24):
How are we doing so far?
Speaker 4 (14:26):
Why are people poor? And who should we blame? That is?
Whose fault is it that everyone is poor? Is it
baby boomers? Is it foreigners? Is it bitcoin? Is it
the government? Whose fault? Is it?
Speaker 1 (14:40):
Yes?
Speaker 4 (14:40):
That we are poor?
Speaker 5 (14:42):
Well, I think that every essentially every fiscal policy in
America of the last twenty or thirty years has been
nothing but an elegant transfer of wealth from the young
to the old. We transfer one and a half trillion
dollars from young people to the wealthiest generation and history
seniors can's it?
Speaker 4 (14:59):
Boomas say, yeah, the two biggest.
Speaker 5 (15:02):
Sax deductions, capital gains and mortgage interests. Who owns homes
and stocks? People my age? Who makes their money from earnings?
Speaker 1 (15:10):
And rent? People their age.
Speaker 5 (15:12):
So I think everything we do is nothing but an
elegant transfer a wealth from young to old. People call
them entitled. I think they're actually entitled to be enraged.
Speaker 4 (15:20):
This is okay.
Speaker 1 (15:23):
I love how I love how you. I love how you.
Speaker 4 (15:29):
You came in here. You're like, yeah, it's my fault
that I'm rich and your poor, but you you can't
do anything about this. But what can people do about it?
I mean football, I mean kudos to you. Know, you're
the first Boomer I've heard in the last decade to
give young people some props, you know, to be like, hey,
it's not because all I've heard for the last decades
is boomer is yelling at millennials of being lazy and
(15:50):
eating avocado. So like a refreshing voice.
Speaker 5 (15:54):
Here, Look, the average seven year old is seventy two
percent wealthy than they were forty years ago, the average
person under the age of forty is twenty four percent
less wealthy. The child tax Credit gets stripped out of
the Infrastructure Act forty billion dollars, but one hundred and
twenty billion dollar increase annual increase in cost living Adjustment
for seniors flies right through.
Speaker 4 (16:12):
Okay, anytime I want to say boomers, I'll just link
to this.
Speaker 1 (16:15):
Part of the one hundred percent.
Speaker 4 (16:16):
Just what this guy said. So, I mean, I'd love
to continue making a case against boomas, but I also
like to figure out, like, so, what can we do
about what can we do about it?
Speaker 1 (16:26):
What can Here's a arriety of things.
Speaker 5 (16:27):
One, lower taxes on put more money in. That put
more money in the pockets of young people. Education kind
up four cold. That was that was pretty popular. Housing's
kind of four x. Education's gone up two x. Meanwhile,
(16:48):
minimum wage, if it had just kept productivity up with
productivia in plation, would be in twenty three bucks an hour,
but it's seven twenty five. We need a series of
policies that make it easier for people to get ahead
of Sixty percent of people age thirty to thirty four
used to have kids. Now it's twenty seven percent. They're
literally opting out of America. They look up, they look down,
they see prosperity everywhere. In two hundred and ten times
(17:10):
a day they get a notification of someone vomiting their
faux wealth in their face. It's no accident that that
we have we are raising a generation of the most obese, anxious, depressed,
suicidal generation in history.
Speaker 4 (17:25):
So wait, you're doing so well there with praising the
young people, and you took a hot turn. I just
wasn't ready for I'm sorry, Well, are we good or not?
I was all fault or not. But it's okay. But like,
besides being civically engaged and caring about the world, what
can a young person do to make money?
Speaker 5 (17:45):
Well, again, I think it's I think it's nobody.
Speaker 4 (17:48):
Got that one buses because what you're describing as policies, right,
And I think a lot of young people feel disenfranchised
voting and so agency.
Speaker 5 (17:58):
Everyone needs to have a sense of agency. You do
have agency. One recognize how fast time is going to go.
If between the ages of twenty and thirty, if you
just save three to six percent of your salary, you're
going to end up wealthy by the time you're my age,
Recognize the time is going to go faster then you think.
Diversify and also recognize recognize that your twenties is about workshopping.
Don't be so hard on yourself. But also recognize you're
(18:20):
going to live a lot longer than you think, and
so just try to develop a savings muscle and put
a little bit of money away in case you don't
go double platinum or sell a business. Most of us,
because our species hasn't lived past thirty five for ninety
nine percent of our time on this planet, we have
trouble believing that you're going to be my age. That's
why we're so horrified when we look in the mirror
past thirty five. We're just not used to saying.
Speaker 4 (18:40):
I'm kind of horrified looking from me right now.
Speaker 5 (18:42):
Yeah, you just made my wife your best friend. This
is essentially start start early and so you can save,
you can control, control your spending, spend less than you make,
develop a savings muscle, and then really lean into your
strengths and become great at something and pick a non
vanity industry that has greater than the ninety plus percent
(19:05):
employment rate.
Speaker 4 (19:06):
Okay, so your advice young people is that the boomers
are screwing you over. Try to vote people in who
can hopefully reverse that a little bit.
Speaker 5 (19:17):
Elected officials are a cross between the Golden Girls and
the walking dead the average age.
Speaker 4 (19:24):
But that is true.
Speaker 5 (19:26):
That is true.
Speaker 4 (19:27):
But and I'm asking you as a post have more
experience than me and much more well read on this.
Do you feel like this is kind of like the
last death grasp of the boomers trying to hold on
and if we just can wait them out in theother
five years, we can regain control and balance things out. Hopefully.
Speaker 5 (19:45):
I think that's hopeful. But the average age is now
the oldest elected populace of any democratic institution. What happens
in a democracy if you're not forward leaning like our
ancestors and investmental class. Old people have figured out they
can vote themselves more money. Does a person Speaker of
the House when she had her first child Castro had
declared just declared marshal law and Cuba two thirds of
(20:07):
houses did not have a TV. Does she really understand
the challenges facing a twenty five year old single mother
or a twenty two year old male who has a
lack of economic or romantic prospects. The average age of
Americans is thirty five. We need a representative democracy. We
need more young people that will vote for money and
make Ford leaning investments.
Speaker 4 (20:29):
Man, you just said that done when his boomers just
won't die. They just won't die, keep going on making decisions.
I feel like entrenched in decision making positions. They are
alluding the capital gains tax on network essentially compounds.
Speaker 1 (20:43):
Yes see, you got it.
Speaker 5 (20:46):
There's an incumbency rate of ninety five percent or between
ninety two and ninety five percent. In addition, because of
jerry mandering, we essentially send to Washington hard right crazies
and hard left crazies who have one thing in common,
and that is they're really old. They keep voting themselves
more money. If we don't start investing in the future,
democracy is literally going to collapse on itself when we
(21:07):
get to these levels of income inequality. They owe its
self correct through war, feminine revolution. We need to do
something about this.
Speaker 4 (21:12):
Okay, so we'll be fine, is what you're saying.
Speaker 1 (21:14):
Is that's right?
Speaker 4 (21:17):
So the solution is find people who speak this language
and volte them in. Right.
Speaker 5 (21:22):
That sounds like what We absolutely need a younger electric
but we also need physical policies that do what our
previous generations you to invest, invest in the future, and
investment in the middle class technologies.
Speaker 4 (21:36):
But as someone who speaks I'm sorry to cut you
off by someone someone who speaks boomer. Yeah, when you
talk to your fellow boomers and you tell them like
you're a kind of taking away the things that you
benefit it from, right, can we put them back in?
How do you convince these old people to do that?
Speaker 5 (21:53):
What I mean like the key to progress or there's
Fdr Teddy Roosevelt is having a series of class traders.
If you own make these forward leaning investments. The reality
is people, you have your world of work, you have
your old, the friends, you have your old the kids.
When something comes off the track with one of your kids,
the whole world shrinks to that kid. So the question
is are we willing to make the same sort of
forward leaning investments that your father and our grandparents made
(22:17):
in America moving forward? We have lost that sense of
comedy of man. One solution that I think will help
us get back to that is that I think we
need mandatory national service to so we can develop more
connective tissue and young Americans can meet people from other
ethnic groups, other sexual orientation, and realize that they can
build something great in the agency of others and not
see each other as Republicans, not see each other as Democrats,
(22:37):
or trans or non transmit, see each other as Americans,
and start making these forward leaning investments that have made
the matter day well.
Speaker 4 (22:46):
As a young person, thank you, Thank you. Try to
look after the next generation. I appreciate that more old
people can be like you.
Speaker 1 (22:53):
I appreciate that now Jabron Wealth is available.
Speaker 4 (22:56):
Now start Galloway. Explore more shows from the Daily Show
podcast universe by searching The Daily Show wherever you get
your podcasts.
Speaker 1 (23:05):
Watch The Daily Show weeknights at eleven ten.
Speaker 3 (23:07):
Central on Comedy Central, and stream full episodes anytime on
Paramount plus
Speaker 1 (23:17):
Paramount Podcasts
You're listening to Comedy Central.
Speaker 2 (00:15):
What I got tonight? Here is the host of the
O'Reilly Updates and he is the author of the forthcoming
book Confronting the Presidents. Please welcome back to the program,
bell O'Reilly, sir, come on out, take the time. Thanks
(00:44):
for having me to appreciated William Yes, sir, you our
country we are in such a dangerous moment. You've written
books on almost every assassination, as you have a whole
line of the Killing, the Killing, Killing, the children's series.
You're right about killing presidents. Is the time we're in
(01:06):
in your mind? Are we in a unique time in
American history of polarization or as you looked back on
those other moments of terrible tragedy in our country? Are
there similarities or difference?
Speaker 3 (01:20):
Yeah, it's not unique, but the social media and the
corporate media heighten everything.
Speaker 2 (01:30):
So you're saying Lincoln's tweets were not a part of He.
Speaker 3 (01:33):
Had to like get a pigeon and throw them out,
d and limited. But the assassins all have one thing
in common. They were all mentally ill, all of them,
and most of them did their terrible deeds because they
were in a rage and you're going to find out
(01:54):
that this guy in Pennsylvania fits both of those categories
that has been human nature since they do.
Speaker 2 (02:01):
You believe then that the political rhetoric, I mean, John
Wilsbooth was clearly a political actor, No, but he was
also mentally ill.
Speaker 3 (02:08):
Well, John Wilkes Booth was a fanatical conservative and racist
who hated Lincoln.
Speaker 2 (02:13):
Good thing that's gone out of the country.
Speaker 1 (02:15):
Well, that's what I'm saying.
Speaker 2 (02:19):
No, I know I was saying it too.
Speaker 1 (02:21):
I'm saying that's why we were both saying it.
Speaker 2 (02:25):
We're obviously sharing that opinion where simpatico, Yes, exactly, exactly,
don't so Latin.
Speaker 1 (02:32):
I'm sorry.
Speaker 3 (02:33):
So it's not new, but where now in a society
where hatred is rewarded.
Speaker 2 (02:41):
It's incentivized, it's monetized.
Speaker 3 (02:43):
That's right, And I'm on a The hate brigade is
now pulling back a little bit because they have to,
but they're going to be back in two weeks because
they get paid to do this.
Speaker 1 (02:53):
They're so untalented.
Speaker 3 (02:55):
And you, oh boy, oh boy. I want to make
this point because Stuart and I have a history.
Speaker 1 (03:02):
All right, we'll go back. But if you watch, if
you google all right do it, and.
Speaker 2 (03:09):
Ship's passing it at night.
Speaker 1 (03:10):
It's really.
Speaker 3 (03:13):
We are able to disagree without hating each other. Now
I truly hate him, but I don't I don't show it.
Speaker 1 (03:21):
You hold it, I don't put it. But but now
that's not rewarded.
Speaker 3 (03:27):
That kind of deaton where two people look at life differently.
Speaker 1 (03:30):
Isn't rewarded.
Speaker 3 (03:31):
The haters get the big money, and so that's what
you have.
Speaker 1 (03:37):
And I think all Americans start.
Speaker 3 (03:38):
To hold the corporations accountable. You can't do anything about
the guys and the basement that are chucking this stuff
out and you just had it on these conspiratorial nuts.
Can't do anything about that, but you can say to corporations,
you better knock this stuff off, you better stop calling
people racist and na season this and that. Now your question,
(03:58):
and thank you for letting me take question.
Speaker 1 (04:01):
I don't remember. Thank you for letting me. While you were.
Speaker 2 (04:03):
Talking, I was watching a different program.
Speaker 1 (04:05):
I'm watching it.
Speaker 2 (04:06):
I'm watching South Park reruns right now. I don't even
know what you're talking about.
Speaker 1 (04:10):
But this one is better. So listen to me.
Speaker 2 (04:11):
I'm gonna listen to it. But then I have a
fall up to this, which I think is important.
Speaker 3 (04:14):
Okay, So your question is then what can people do
about this?
Speaker 1 (04:20):
All right? Reject it, don't celebrate it.
Speaker 3 (04:23):
So this kid twenty years old in Pennsylvania, and no,
we don't know what caused him to do that.
Speaker 1 (04:30):
We knew he was a miserable kid who was bullied.
Speaker 3 (04:32):
All of this stuff, right right, we all know that,
but we don't get into always a Republican. That's the
first thing they said on the View, the first thing
they said on Monday on the.
Speaker 1 (04:44):
Editor Republican stop it. That does nobody any good? All right, but.
Speaker 2 (04:49):
Bill, let me push back a Look, you and I
are both somewhat fossilized practitioners of the rhetorical arts that
are confrontational at times, provocative at times, and we made
a really spectacular living pushing those envelopes. It seems now
(05:13):
to say, hey, these other people should stop he look well,
it's like it's like it's like, uh, spach, but don't
you believe let me let me put this wet it.
We keep saying like, we don't know why these people
do it. They're all mentally ill. But let's stop the rhetoric.
(05:33):
Even though we have no idea. Wouldn't it be better
to come up with. People can be passionate, people can
defend their position, and shouldn't we be shouldn't the argument
be we have to start arguing with each other in
good faith?
Speaker 1 (05:46):
Okay?
Speaker 3 (05:47):
So Biden made a good point last night in the
Lester Hold interview when he said, what am I supposed
to do?
Speaker 1 (05:52):
Not criticize Trump?
Speaker 3 (05:54):
Because I think feels it is at towards the third Reich?
Speaker 2 (05:58):
You know, Okay, you know he didn't say that.
Speaker 3 (06:01):
But no, but he was thinking it, Stewart, he was thinking,
and I can read it.
Speaker 2 (06:05):
Stop monetizing your anger.
Speaker 1 (06:07):
So anyway, stop.
Speaker 2 (06:10):
I don't like it.
Speaker 1 (06:11):
I don't like it one day.
Speaker 3 (06:12):
But he made a point yes where I got to
criticize the guy because I don't believe he's good for
America and I believe he's x Y and say, Okay,
criticism is good, Robust debate is good. I like coming
on here in front of all of your friends out
here and the audience. You know, I have no friends here. Okay,
(06:33):
my friend will not just here.
Speaker 1 (06:35):
Well, I'm giving him that one, all right. Okay, So.
Speaker 3 (06:46):
We have made a nice living confronting other people, sometimes
making fun of them, sometimes serious debate I'm going to
do your podcast tomorrow direct and now I'm going to
kick your butt, of course, But we don't want to
see them, at least I don't destroyed, right, that's the difference.
The fanatics on the left and the right want to
(07:08):
see their opposition destroyed.
Speaker 1 (07:11):
They want to hurt them.
Speaker 2 (07:13):
But I've heard a lot about and even from you,
not to arguing that point, are you. I'm not arguing
that point. I think that's a more measured point than
you've probably been making, and that I've been hearing come on.
Most of your points from what I've been following, is
that the left has to take it down a notch.
You've mentioned MSNBC.
Speaker 3 (07:32):
I ran a montage on the No Spin News last night.
So I'm Bill O'Reilly dot com. By the way, four million.
Speaker 2 (07:37):
By the way, happy log on. It is hard to
get on there, it is.
Speaker 3 (07:43):
It's not hard for the four million people that watch
me all the weekend, four four million.
Speaker 1 (07:48):
Was hard for them. A lot of chimes, thank you,
all right?
Speaker 3 (07:53):
So I ran a montage of haters on the left
and the right. I just and I didn't have to,
but well he's terrible. I just let their words speak
for themselves on.
Speaker 2 (08:06):
The right, and I don't know if you would argue this.
There is a feeling that they haven't been doing that
and that it is the purview.
Speaker 4 (08:13):
Of the life.
Speaker 2 (08:13):
Okay, there's been a lot of that.
Speaker 1 (08:15):
People believe what they want to believe.
Speaker 3 (08:16):
But those of us who are sane and fact based, right,
and that might not be you. We know what reality
is because we can see and hear it, but.
Speaker 2 (08:26):
We're no longer agreeing. How can we have a conversation
about rhetoric if we can't even agree if there are
delusions of it's really only them. I mean when I
watch the guy from the Heritage Foundation say the revolution
will be bloodless if the left, you know, allows that right,
(08:47):
and you're just like, what are we doing here? You know,
some of the fears of people are justified. Tens of
millions of women lost access to reproductive choice based on
the decisions of that party. Those are real life consequences
of great gravity and weight.
Speaker 1 (09:03):
How do we talk.
Speaker 2 (09:04):
About those in a way that so that you're able
to express it?
Speaker 1 (09:09):
It's not difficult to talk about it, and you don't.
Speaker 2 (09:12):
It seems like it is.
Speaker 3 (09:13):
See the mistake that you made, one of the many
you're trying to get the fringe people in to be reasonable.
Speaker 2 (09:21):
Your marriage foundation that lead is not the fringe.
Speaker 3 (09:24):
And when I want no, no, no, it is that
people don't know what that is. Most Americans I put
the number seventy percent are good people. Don't doubt that
want acrimony, they don't want violence.
Speaker 2 (09:35):
I don't care.
Speaker 1 (09:37):
Those are the people you play to, not the fringe.
Speaker 3 (09:40):
People who are just out there wanting to, as I said,
destroy the other party.
Speaker 2 (09:45):
Your your candidate.
Speaker 1 (09:47):
Why no, I don't have a candidate. Oh right, okay, independent.
So that's what this guy did. And this is what
you did.
Speaker 2 (09:59):
I really didn't take look at this Cornell westfellow.
Speaker 3 (10:04):
If you guys watched the air conditioned litatorium, he did
the same thing.
Speaker 1 (10:09):
Listen to me, Nick Romney, listen, you are fossil.
Speaker 4 (10:12):
Listen to me.
Speaker 2 (10:15):
Listen the candidate who represents many of your kinfolk. He
said the election was stolen and rigged and drove people
to this madness on January sixth. How are we to
(10:36):
deal with that?
Speaker 1 (10:37):
Truly?
Speaker 2 (10:39):
You know, what is the hallmark of a democracy, peaceful transfer?
That put that in jeopardy.
Speaker 1 (10:44):
That has haunted him every day since.
Speaker 2 (10:46):
Oh, he's paid a terrible price he has.
Speaker 1 (10:49):
Can I explain the truce.
Speaker 2 (10:50):
He's going to go back to the White House and
if you have to fix the damage of.
Speaker 1 (10:53):
Him paint that wall.
Speaker 3 (10:57):
If Trump hadn't done that on January sixth, he'd be
ahead of Biden by twenty five points in the poll.
I mean, that's how bad Biden has been for the country.
Speaker 1 (11:07):
Well, I disagree with that, but that's all the fuss
you do. But that's okay, Well, I understand, I can
back it up. Do you want me to? Okay, I'm
going to ruin your day. I'm going to ruin your
days through.
Speaker 2 (11:19):
You brought a handkerchief, all right.
Speaker 1 (11:22):
I was prepared for this.
Speaker 3 (11:25):
Food price is under Biden up twenty percent, Gas price
is thirty eight Mortgage rates.
Speaker 1 (11:30):
One hundred and sixty percent.
Speaker 2 (11:31):
Yeah, prices are gone.
Speaker 3 (11:32):
Drug ODE's up thirty six percent. Okay, car insurance one
hundred and twenty five percent.
Speaker 1 (11:39):
These are folks. They have to spend that month.
Speaker 2 (11:42):
There's no question that post pandemic, this country and the
world have suffered.
Speaker 1 (11:46):
Trump had two years of post pandemic.
Speaker 2 (11:49):
Right, But Trump ran an eight trillion dollar deficit. He
spent one point seven trillion on tax cuts he deregulated.
Inflation was cut.
Speaker 1 (11:57):
One point five percent when he walked out.
Speaker 2 (12:00):
But look at it in relation to the world, I
respectfully say, yes, inflation was too high and that hurts
American consumer. You want this, So what did Biden do
to create that?
Speaker 1 (12:11):
Though? I don't know, and that's what I would ask.
Speaker 2 (12:22):
So, baby, you wrote down a piece of paper, but
you didn't look up the answer. I'm not going to
need to.
Speaker 3 (12:32):
I want to ask Biden about that. Okay, So you're
saying why did Biden do it?
Speaker 1 (12:38):
I'm not going to hear.
Speaker 2 (12:39):
In mind, that was a very poor impression of how
I've been saying.
Speaker 4 (12:42):
It's like.
Speaker 1 (12:46):
That's nothing. Okay, all right, So my job as a
journalist is to say, when.
Speaker 2 (12:51):
Did you get that job?
Speaker 1 (12:52):
Then you really make it too easy.
Speaker 2 (12:57):
We're gonna talk tomorrow.
Speaker 1 (12:57):
We gotta go. This is too long.
Speaker 2 (13:00):
Thank you for being here. Confroning the Presidents comes out
September tenth, available for pre order. Bill Rather.
Speaker 1 (13:12):
Daily Show.
Speaker 4 (13:13):
My guest Tonight is an y U professor, entrepreneur, and
best selling author whose book is called The Algebra Wealth,
A Simple Formula Level Financial Security. Please welcome Scott Galloway.
Speaker 5 (13:41):
Thanks for joining me, professor, thanks for having me.
Speaker 4 (13:44):
Algebra wealth? What is the algebra wealth?
Speaker 5 (13:48):
So it's a retrospective and all the mistakes.
Speaker 4 (13:50):
I mean, what is the how? What is that? How
do you make money? Yet?
Speaker 5 (13:54):
Now I wanted to insert me into the story. Right,
So it's a the algebra. The first is focus. Try
and find your talent, not your passion. Anyone who tells
you to pursue your passion is already rich. Find something
you're good at in an industry that has an employment
rate above ninety percent. Side hustles mean your main hustle
isn't work, and go all in on something. Then you
(14:16):
want to talk about stoicism. Control the things you can't
control you can control.
Speaker 4 (14:19):
Hey, this is that complicate?
Speaker 1 (14:21):
How do I Why?
Speaker 5 (14:24):
How are we doing so far?
Speaker 4 (14:26):
Why are people poor? And who should we blame? That is?
Whose fault is it that everyone is poor? Is it
baby boomers? Is it foreigners? Is it bitcoin? Is it
the government? Whose fault? Is it?
Speaker 1 (14:40):
Yes?
Speaker 4 (14:40):
That we are poor?
Speaker 5 (14:42):
Well, I think that every essentially every fiscal policy in
America of the last twenty or thirty years has been
nothing but an elegant transfer of wealth from the young
to the old. We transfer one and a half trillion
dollars from young people to the wealthiest generation and history
seniors can's it?
Speaker 4 (14:59):
Boomas say, yeah, the two biggest.
Speaker 5 (15:02):
Sax deductions, capital gains and mortgage interests. Who owns homes
and stocks? People my age? Who makes their money from earnings?
Speaker 1 (15:10):
And rent? People their age.
Speaker 5 (15:12):
So I think everything we do is nothing but an
elegant transfer a wealth from young to old. People call
them entitled. I think they're actually entitled to be enraged.
Speaker 4 (15:20):
This is okay.
Speaker 1 (15:23):
I love how I love how you. I love how you.
Speaker 4 (15:29):
You came in here. You're like, yeah, it's my fault
that I'm rich and your poor, but you you can't
do anything about this. But what can people do about it?
I mean football, I mean kudos to you. Know, you're
the first Boomer I've heard in the last decade to
give young people some props, you know, to be like, hey,
it's not because all I've heard for the last decades
is boomer is yelling at millennials of being lazy and
(15:50):
eating avocado. So like a refreshing voice.
Speaker 5 (15:54):
Here, Look, the average seven year old is seventy two
percent wealthy than they were forty years ago, the average
person under the age of forty is twenty four percent
less wealthy. The child tax Credit gets stripped out of
the Infrastructure Act forty billion dollars, but one hundred and
twenty billion dollar increase annual increase in cost living Adjustment
for seniors flies right through.
Speaker 4 (16:12):
Okay, anytime I want to say boomers, I'll just link
to this.
Speaker 1 (16:15):
Part of the one hundred percent.
Speaker 4 (16:16):
Just what this guy said. So, I mean, I'd love
to continue making a case against boomas, but I also
like to figure out, like, so, what can we do
about what can we do about it?
Speaker 1 (16:26):
What can Here's a arriety of things.
Speaker 5 (16:27):
One, lower taxes on put more money in. That put
more money in the pockets of young people. Education kind
up four cold. That was that was pretty popular. Housing's
kind of four x. Education's gone up two x. Meanwhile,
(16:48):
minimum wage, if it had just kept productivity up with
productivia in plation, would be in twenty three bucks an hour,
but it's seven twenty five. We need a series of
policies that make it easier for people to get ahead
of Sixty percent of people age thirty to thirty four
used to have kids. Now it's twenty seven percent. They're
literally opting out of America. They look up, they look down,
they see prosperity everywhere. In two hundred and ten times
(17:10):
a day they get a notification of someone vomiting their
faux wealth in their face. It's no accident that that
we have we are raising a generation of the most obese, anxious, depressed,
suicidal generation in history.
Speaker 4 (17:25):
So wait, you're doing so well there with praising the
young people, and you took a hot turn. I just
wasn't ready for I'm sorry, Well, are we good or not?
I was all fault or not. But it's okay. But like,
besides being civically engaged and caring about the world, what
can a young person do to make money?
Speaker 5 (17:45):
Well, again, I think it's I think it's nobody.
Speaker 4 (17:48):
Got that one buses because what you're describing as policies, right,
And I think a lot of young people feel disenfranchised
voting and so agency.
Speaker 5 (17:58):
Everyone needs to have a sense of agency. You do
have agency. One recognize how fast time is going to go.
If between the ages of twenty and thirty, if you
just save three to six percent of your salary, you're
going to end up wealthy by the time you're my age,
Recognize the time is going to go faster then you think.
Diversify and also recognize recognize that your twenties is about workshopping.
Don't be so hard on yourself. But also recognize you're
(18:20):
going to live a lot longer than you think, and
so just try to develop a savings muscle and put
a little bit of money away in case you don't
go double platinum or sell a business. Most of us,
because our species hasn't lived past thirty five for ninety
nine percent of our time on this planet, we have
trouble believing that you're going to be my age. That's
why we're so horrified when we look in the mirror
past thirty five. We're just not used to saying.
Speaker 4 (18:40):
I'm kind of horrified looking from me right now.
Speaker 5 (18:42):
Yeah, you just made my wife your best friend. This
is essentially start start early and so you can save,
you can control, control your spending, spend less than you make,
develop a savings muscle, and then really lean into your
strengths and become great at something and pick a non
vanity industry that has greater than the ninety plus percent
(19:05):
employment rate.
Speaker 4 (19:06):
Okay, so your advice young people is that the boomers
are screwing you over. Try to vote people in who
can hopefully reverse that a little bit.
Speaker 5 (19:17):
Elected officials are a cross between the Golden Girls and
the walking dead the average age.
Speaker 4 (19:24):
But that is true.
Speaker 5 (19:26):
That is true.
Speaker 4 (19:27):
But and I'm asking you as a post have more
experience than me and much more well read on this.
Do you feel like this is kind of like the
last death grasp of the boomers trying to hold on
and if we just can wait them out in theother
five years, we can regain control and balance things out. Hopefully.
Speaker 5 (19:45):
I think that's hopeful. But the average age is now
the oldest elected populace of any democratic institution. What happens
in a democracy if you're not forward leaning like our
ancestors and investmental class. Old people have figured out they
can vote themselves more money. Does a person Speaker of
the House when she had her first child Castro had
declared just declared marshal law and Cuba two thirds of
(20:07):
houses did not have a TV. Does she really understand
the challenges facing a twenty five year old single mother
or a twenty two year old male who has a
lack of economic or romantic prospects. The average age of
Americans is thirty five. We need a representative democracy. We
need more young people that will vote for money and
make Ford leaning investments.
Speaker 4 (20:29):
Man, you just said that done when his boomers just
won't die. They just won't die, keep going on making decisions.
I feel like entrenched in decision making positions. They are
alluding the capital gains tax on network essentially compounds.
Speaker 1 (20:43):
Yes see, you got it.
Speaker 5 (20:46):
There's an incumbency rate of ninety five percent or between
ninety two and ninety five percent. In addition, because of
jerry mandering, we essentially send to Washington hard right crazies
and hard left crazies who have one thing in common,
and that is they're really old. They keep voting themselves
more money. If we don't start investing in the future,
democracy is literally going to collapse on itself when we
(21:07):
get to these levels of income inequality. They owe its
self correct through war, feminine revolution. We need to do
something about this.
Speaker 4 (21:12):
Okay, so we'll be fine, is what you're saying.
Speaker 1 (21:14):
Is that's right?
Speaker 4 (21:17):
So the solution is find people who speak this language
and volte them in. Right.
Speaker 5 (21:22):
That sounds like what We absolutely need a younger electric
but we also need physical policies that do what our
previous generations you to invest, invest in the future, and
investment in the middle class technologies.
Speaker 4 (21:36):
But as someone who speaks I'm sorry to cut you
off by someone someone who speaks boomer. Yeah, when you
talk to your fellow boomers and you tell them like
you're a kind of taking away the things that you
benefit it from, right, can we put them back in?
How do you convince these old people to do that?
Speaker 5 (21:53):
What I mean like the key to progress or there's
Fdr Teddy Roosevelt is having a series of class traders.
If you own make these forward leaning investments. The reality
is people, you have your world of work, you have
your old, the friends, you have your old the kids.
When something comes off the track with one of your kids,
the whole world shrinks to that kid. So the question
is are we willing to make the same sort of
forward leaning investments that your father and our grandparents made
(22:17):
in America moving forward? We have lost that sense of
comedy of man. One solution that I think will help
us get back to that is that I think we
need mandatory national service to so we can develop more
connective tissue and young Americans can meet people from other
ethnic groups, other sexual orientation, and realize that they can
build something great in the agency of others and not
see each other as Republicans, not see each other as Democrats,
(22:37):
or trans or non transmit, see each other as Americans,
and start making these forward leaning investments that have made
the matter day well.
Speaker 4 (22:46):
As a young person, thank you, Thank you. Try to
look after the next generation. I appreciate that more old
people can be like you.
Speaker 1 (22:53):
I appreciate that now Jabron Wealth is available.
Speaker 4 (22:56):
Now start Galloway. Explore more shows from the Daily Show
podcast universe by searching The Daily Show wherever you get
your podcasts.
Speaker 1 (23:05):
Watch The Daily Show weeknights at eleven ten.
Speaker 3 (23:07):
Central on Comedy Central, and stream full episodes anytime on
Paramount plus
Speaker 1 (23:17):
Paramount Podcasts
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