July 18, 2024 • 26 mins
Ronny Chieng recaps RNC night 2, including Lara Trump's many reminders of who her father-in-law is, Vivek Ramaswamy's weak appeal to Gen-Z, and Sarah Huckabee Sanders's many minor tragedies. Plus, Michael Kosta says goodbye to the convention's short lived unity theme. Jordan Klepper and Desi Lydic join to offer their expert analysis on Trump's running mate, Ohio Senator J.D. Vance. Also, NYU Professor, entrepreneur, podcast host, and bestselling author Scott Galloway talks to Ronny about his latest book, “The Algebra of Wealth.”
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Speaker 1 (00:01):
You're listening to Comedy centralow from the most trusted journalists
at Comedy Central. It's America's only source for news.
Speaker 2 (00:14):
This is the Daily Show.
Speaker 3 (00:16):
With your homes. Rouni loved the Daily Show. I'm right, Shang.
(00:38):
We got a lot to talk about tonight. Republicans leave
unity on Red, the Trumps make nepotism great again, and
we try to find a reason why Jdvans won't suck.
But let's start things off of the Republican National Convention.
In our continuing coverage of Indecision twenty twenty four, last
(01:02):
night was night too of the RNC, and it's been
a very unusual convention because someone shot the candidate four
days ago, and the media consensus after this was that
this week would be about healing.
Speaker 4 (01:16):
The attack on Trump has changed the storyline and the
tone of this convention. With the former president calling for unity,
something has fundamentally shifted here.
Speaker 5 (01:25):
This is going to be a different tone.
Speaker 6 (01:28):
This is going to shift what we are hearing from
every single person who takes the stage.
Speaker 2 (01:33):
It is about unity.
Speaker 4 (01:33):
It's about coming together and supporting one another.
Speaker 7 (01:35):
Now more trying to lower the political temperature here.
Speaker 4 (01:38):
It's like a wholly different convention that we're going to see.
Speaker 3 (01:42):
I think that bullet grazed his ear, but it impacted
his heart. Impacted his heart, it opened his eyes, it
lowered his cholesterol, and gorged his penis. But yeah, what
on the street was that the RNC speeches were going
to be civil and light now, so bring on the
good vibes.
Speaker 1 (02:03):
The democrats disastrous record on crime, trade and regulation has
ruined the lives of countless Minnesotans.
Speaker 2 (02:10):
Your family is less safe.
Speaker 4 (02:13):
Biden, violent crime crisis.
Speaker 3 (02:15):
Our children are dying. War on families, wealth, indoctrination trampled
under foot by the radical left.
Speaker 8 (02:21):
Biden and the Democrats are doing everything they can to
tear down this great country.
Speaker 9 (02:25):
America cannot afford four more.
Speaker 10 (02:30):
Years of a weekend at Bernie's presidency.
Speaker 3 (02:34):
Come my, come my, I mean, I guess this is
toning it down. And for the record, it is totally
unfair to compare Joe Biden's presidency to weekend at Bernie's. Okay,
for one thing, Bunnie could pass as in a life person. Okay,
also that movie gaw sequel. But it wasn't all death
(02:56):
and destruction. There was also a lot of ass kissing,
like from the coachair the Republican National Committee Laura Trump, Yes,
Laura Trump. I wonder if they're related.
Speaker 4 (03:06):
I know that I'm lucky enough to get to call
him my father in law, my father in law, my
father in law, father in law, my father in law,
my father in law. And if not for the support
and encouragement of my father in law, I wouldn't be
where I am today.
Speaker 3 (03:22):
Yeah, we kind of figured that. But hey, I'm not hating, Okay.
I would love to have a father in law who
gives me a career. I mean, all my father in
law gives me is anger that I haven't given him
a grandchild. By chill out, man, I'll hit it raw
when I'm ready. But the l RNC has to win
(03:42):
over more demographics than just daughters in law. So when
the former presidential candidate at Indian Tintin vivek Ramashlami, took
the stage, he made an appeal to young voters.
Speaker 5 (03:54):
Our message to gen Z is this, you're going to
be the generation that actually saves this country.
Speaker 3 (04:00):
You want to be a rebel, you want to be
a hippie, you want to stick it to the man,
show up on your college campus and try calling yourself
a conservative.
Speaker 1 (04:10):
Say you want to get married.
Speaker 3 (04:12):
Have kids? Okay, you know what diversity bring back to
white people. It's like he expects us to believe all
the cool kids I'm hanging out behind the bleacher is like, hey,
after we finished not having sex, that's fun. Offshore fracking
and as an Asian, I just want to make it
(04:34):
clear that the vek Wrangswami does not represent me. Okay
because Indians are not Asians. But if the VEG didn't
convince young people that it is cool to be Republican, hey,
check out this sick b is the mayor Megaville.
Speaker 11 (04:49):
Baby, you know who we vote.
Speaker 7 (04:51):
Vote?
Speaker 3 (04:52):
We voted Donald Trump. Baby America. Me savan American. I
didn't think it was possible to dishonor vanilla ice, but
they did it. In fact, I wish I got shot
in the year so I don't have to listen to
(05:12):
that shit. But dude, like the Republicans don't remember they
have Kanye Like, I know he's a bit of a
Nazi now, but I really don't think this room will
mind now. The main theme of Night two was making
America Safe Again, which got off to a bad start
when Rudy Giuliani. He did an impression when he did
(05:38):
an impression of his net worth and plummeted to the ground.
I mean, don't worry everyone, He's fine, Okay. Fortunately, the
only thing that can hurt Rudy is garlic and holy water.
But the theme was meant to highlight crime and drug
use in America, and some speakers came out to talk
about how much real tragedy they've these last few years.
(06:01):
My son murdered with a knife on the streets of
New York City. My beloved sister Rachel murdered, I suspected
illegal immigrant.
Speaker 6 (06:14):
I was insulted as a guest at the White House
Correspondent's dinner.
Speaker 3 (06:26):
Okay, okay, one of these stories wasn't quite as tragic
as the otherwise. And hey, I'm not saying it wasn't
painful that someone made fun of you while you had
a free dinner. But maybe next time, just go before
the widows and the orphans. So it's like an escalation
of tragedy. But you know what, Sarah Huckabe Sanders was
(06:48):
probably just ramping up. I'm sure she suffered a much
worse tragedy.
Speaker 6 (06:53):
My family was denied service and kicked out of a restaurant.
Speaker 3 (07:01):
Okay, lady, you heard the speeches before you. Right there
are people will like my whole family's addicted to fentanyl,
and you're like, I know, right, and Chipotle totally skinned
on my guack. Come on, you gotta give me something tragic,
make me cheer up.
Speaker 6 (07:19):
And a parent at my three year old son's preschool
spit on my car.
Speaker 3 (07:30):
Okay, Sarah is like, what is happening to America When
someone can just walk up to my car and hawk
t us spit on that thing?
Speaker 12 (07:45):
Why are you.
Speaker 3 (07:46):
Even don't applaud it, don't applaud it. It's why are
you even mad about that? You're in Arkansas? Isn't that
just a car wash?
Speaker 4 (07:54):
There?
Speaker 3 (07:56):
For more on the second. Now the RNC, we go
live to Milwaukee with my cost them.
Speaker 10 (08:05):
Thanks for Michael, Michael, how's.
Speaker 1 (08:08):
It going to go over there?
Speaker 3 (08:09):
Thanks? Ron?
Speaker 10 (08:09):
It is great to be here in Milwaukee. You know,
I know we canceled all our shows here this week,
but I'm glad that I got to stay here in Milwaukee,
which is where I am.
Speaker 3 (08:23):
Okay, so Republicans and the media, we're really talking about
how this country needed unity.
Speaker 4 (08:28):
What happened?
Speaker 10 (08:29):
Yeah, well it's boring, so they stop back to you, Ronnie.
Speaker 3 (08:34):
Wait, that's it. All that talk about bringing the country
together and lowering the temperature, and they couldn't do it.
Speaker 10 (08:40):
Yeah, you know, old habits are hard to change. It's
human nature.
Speaker 3 (08:44):
I do it.
Speaker 10 (08:45):
I'm always telling myself, Michael, you got to read more books.
Day one, I'm cracking open war in peace. But day
two I'm like, you know, porn hub has a comment
section that's rooting.
Speaker 3 (08:55):
Yeah, look, I know it's hot, but isn't it worth
making the f to try and bring the country together?
Speaker 10 (09:02):
No, it's not. It's actually an American division has always
been a part of American identity. Hamilton versus Burr, the
North versus the Confederacy, Tits versus ask still dividing families today,
we're a nation built on disagreement. Where did this idea
come from that the United States has to be united?
Speaker 11 (09:25):
Okay?
Speaker 3 (09:26):
I don't think that's right. I mean I feel like
America has been united before, Like god, I mean after
ninety eleven. Oh yeah, how'd that go?
Speaker 10 (09:35):
Were united around invading the wrong country. You know, It's
like my parents always told us as kids, we're not
good together. Okay, look, we need one half of America
to hate the other half.
Speaker 3 (09:52):
Okay, So you don't think this assassination attempt is an
opportunity for us to maybe change.
Speaker 10 (09:57):
It's the opposite, Ronnie. I don't want some twenty year
old gun nut forcing us to change who we are
as a nation.
Speaker 12 (10:04):
Think about it.
Speaker 10 (10:05):
If we put our differences aside and build a better future, well,
then the terrorists of one Okay, you know that.
Speaker 3 (10:14):
That is the dumbest shit I've ever heard.
Speaker 10 (10:17):
That's the most American thing you've ever said.
Speaker 3 (10:21):
I hate you, dude. I'm Michael.
Speaker 5 (10:22):
Talks to everyone, not.
Speaker 3 (10:24):
Only come back overpass the goops.
Speaker 12 (10:27):
Vice President, So don't go away.
Speaker 3 (10:52):
Welcome back to a daily show tonight, Ohio sidedor JD.
Vance officially accept the nomination to be vice president of
the United States, but to much of America, Vance is
still largely unknown.
Speaker 5 (11:04):
Former President Trump's new running mate, JD. Vance has had
a meteoric rise in the Republican Party.
Speaker 7 (11:09):
The freshman senator was first elected in twenty twenty two.
Raised in poverty, Vance enlisted in the Marine Corps and
was deployed to Iraq. He later graduated from Yale Law
School and wrote the best selling memoir Hill Billy Elogy
before turning to politics, Vance is largely aligned with mister
Trump's mega makeover of the GOP, opposing abortion rights and
aid for Ukraine.
Speaker 6 (11:31):
Wow.
Speaker 3 (11:31):
I'd be kind of worried about this guy becoming president.
But the good news is Trump is unkillable, so the
point is moved. The question is is he the right
person to be Donald Trump's running mate? For analysis, we
turned to Daisili Deck in Washington, d C. And Jordan
Klapper had.
Speaker 12 (11:45):
The Republic of National Advancer.
Speaker 9 (11:49):
Jordanda, that's not with you.
Speaker 3 (11:53):
Trump just picked another white guy where you could have
brought some diversity to a ticket. Do you think this
was a smart pick?
Speaker 4 (11:59):
Wow?
Speaker 8 (12:00):
I don't want to put you on blasts, Ronnie, but
jd Vance does bring diversity. He'd be the first vice
president over one hundred years with a beard, a kick
ass beard, a brosef strong, chiseled alpha beard. The face
pube Celia has been shattered.
Speaker 2 (12:17):
Hush, Ronnie. I'm sorry to interrupt, but Jordan couldn't be
more wrong. Jade Vance is a terrifying prospect.
Speaker 3 (12:26):
Oh? Is it because of his views on women's rights?
Speaker 8 (12:29):
Yeah?
Speaker 2 (12:30):
And also because he has a beard. I'm sorry, but
I do not trust a man if I don't know
where his neck is.
Speaker 6 (12:37):
Whoa, whoa?
Speaker 8 (12:39):
How dare you deasy? You have no idea what it's
like to have a beard.
Speaker 2 (12:43):
Oh believe me, I know what it's like. I have
been a beard for more men than I can. I
don't trust this guy. I mean, how can a man
have empathy for the working class when he doesn't even
care about giving me stash rash?
Speaker 8 (12:58):
Oh, shame, shame, DESI shave. That is discrimination against the
forgotten bearded Americans, The Lumberjacks, the metal band Basis, Travis Kelcey,
Jason Kelcey, anyone involved in and around the brinding of pickles.
All right, they deserve a voice in the White House.
Speaker 2 (13:15):
Oh, come on, are you that superficial?
Speaker 6 (13:17):
Jordan?
Speaker 2 (13:17):
If I just slapped on a beard, would you vote
for me?
Speaker 9 (13:19):
Oh?
Speaker 8 (13:20):
My culture is not your costume, DESI?
Speaker 3 (13:22):
Okay, guys, guys, guys, come on, Just to be clear, Jordan,
are you saying that you agree with DESI that Jdvans
is a dangerous ideologue? I do, okay, but you still
support him because he has a beard.
Speaker 8 (13:38):
Look, I can't turn my back on my people. Ronnie,
you don't know what it's like. You're an asshole. You
always get to vote for someone who represents you. Look,
we can't miss the opportunity to see a bearded man
in office. We're tired of living in the five o'clock shadows.
We'll finally have a straight talker who won't count out
to the clap trap from the pat Kats. Philterroco straight talker.
Speaker 2 (14:07):
Beards hide things, black heads, white heads, lack of chin,
too much chin. And he's open about all of his
horrific policies. So if that beard is hiding something, it
must be really bad.
Speaker 8 (14:18):
Oh, this is ridiculous. Beards do not hide anything.
Speaker 2 (14:23):
Really, not even a sharpie dick that never fully washed off.
Speaker 8 (14:26):
I told you that in competence, and that is rich
stuff coming from someone who wears a shirt at the
pool to hide a lower back tattooed of nor Daria.
Speaker 2 (14:37):
I told you that incompetence.
Speaker 3 (14:40):
Guys, guys, listen, we have to lower the temperature here.
Speaker 8 (14:43):
Shut up, Ronnie, you can't even grow a beard. Look,
let me put this in perspective. If I may quote
Martin Luther King.
Speaker 3 (14:54):
No, there's no, don't do that.
Speaker 8 (14:57):
Fair enough, fair enough, fair enough. But as Abraham Lincoln
once said, the government of the people, by the people,
for the people shall not perish from the earth.
Speaker 3 (15:09):
What does that have to do with beards?
Speaker 8 (15:12):
Lincoln had a beard, the hair that unites the north
of the south of the face. That's where he got
the idea from. And if a beard made Lincoln one
of this country's finest leaders, who knows, maybe a beard
will make jd Vance not as terrible as I'm pretty
sure he will be.
Speaker 3 (15:27):
Okay, let's hope. So Jordan Kleppen does he lie like
everybody is?
Speaker 2 (15:32):
And welcome back.
Speaker 9 (15:33):
God goal Away will be joining on the show, so
no go away. Welcome back to the Daily Show.
Speaker 3 (15:57):
My guest Tonights a YU professor, entrepreneur, and best selling
author whose book is called The Algebra of Wealth, A
Simple Formula Level Financial Security. Please welcome Scott Galloway. Thanks
(16:25):
for joining me.
Speaker 5 (16:26):
Professor, thanks for having me.
Speaker 3 (16:28):
Algebra Wealth? What is the algebra wealth?
Speaker 5 (16:32):
So it's a retrospective and all the mistakes.
Speaker 3 (16:34):
I mean, what is the what is that? How do
you make money?
Speaker 6 (16:38):
Yet?
Speaker 5 (16:38):
Now I wanted to insert me into the story, right,
So it's okay. So 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
(17:00):
you want to talk about stoicism. Control the things you
can't control you can control.
Speaker 3 (17:03):
Hey, this is that complicate?
Speaker 1 (17:04):
How do I?
Speaker 3 (17:07):
Why?
Speaker 5 (17:08):
How are we doing so far?
Speaker 3 (17:10):
Why are people poor? And who should we blame?
Speaker 12 (17:13):
That is?
Speaker 3 (17:14):
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 5 (17:24):
Yes?
Speaker 3 (17:24):
That we are poor?
Speaker 5 (17:26):
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.
Speaker 3 (17:42):
You can say it, Boomas, you can say.
Speaker 5 (17:45):
The two biggest tax deductions capital gains and mortgage interests.
Who owns homes and stocks? People my age? Who makes
their money from earnings? And rent people their age. So
I think everything we do is nothing but an elegant
transfer of wealth from young to old. People call them entitled.
I think they're actually entitled to be enraged.
Speaker 3 (18:04):
This is okay.
Speaker 12 (18:07):
I love how.
Speaker 6 (18:11):
I love how you.
Speaker 3 (18:12):
I love how you. You came in here. You're like, yeah,
it's my fault that I'm rich and your pool you
you can't do anything about it. 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 decade
is boomers yelling at millennials of being lazy and eating avocado.
(18:35):
So like a refreshing voice.
Speaker 5 (18:38):
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 3 (18:55):
Okay, anytime I want to say boomers, I'll just link
to this part of the one hundred or just what
this guy said. So, I mean, I'd love to continue
making the case against bomas, but I also like to
figure out, like, so, what can we do about what
can we do about it?
Speaker 5 (19:10):
What can he There's a variety of things. One, lower
taxes on put more money in. That put more money
in the pockets of young people. Education's kind up poor fold.
That was pretty populous. Housing's gone up four x. Education's
(19:31):
gone up two x. Meanwhile, minimum wage, if it had
just kept productivity up with productivia in plation, we'd 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
aged 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.
(19:53):
In two hundred and ten times a day they get
a notification of someone vomiting their faux wealth in their face.
It's no act incident that that we have. We are
raising a generation of the most obese, anxious, depressed, suicidal
generation and history.
Speaker 3 (20:08):
So wait, you were doing so well there with praising
the young people and you took a hot turn. I
just wasn't ready for I'm sorry. We are we good
or not? I was all fault or not? But okay,
But like, besides being civically engaged and caring about the world,
what can a young person do to make money?
Speaker 5 (20:29):
Well, again, I think it's I think it's.
Speaker 3 (20:32):
Nobody got that one. But because what you're describing is policies, right,
and I think a lot of young people feel disenfranchised
voting and so agency.
Speaker 5 (20:42):
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
(21:04):
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 or 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 3 (21:24):
I'm kind of horrified looking from me right now.
Speaker 5 (21:26):
Yeah, you just made my wife your best friend. This
is essentially 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 try and become great at something and pick
a non vanity industry that has greater than the ninety
(21:47):
plus percent employment rate.
Speaker 3 (21:50):
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 (22:01):
Elected officials are a cross between the Golden Girls and
the walking dead. The average age.
Speaker 3 (22:08):
But that is true, that is true. But and I'm
asking you as supposed to 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 Boomahs trying to hold on and if we
just can wait them out in the five years, we
can regain control and balance things out.
Speaker 11 (22:29):
Hopefully.
Speaker 5 (22:29):
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 martial law and Cuba two thirds of
(22:51):
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 romantic prospects. The average age of Americans
is thirty five. We need a representative democracy, We need
more young people. They will vote for money and make
forward leaning investments.
Speaker 3 (23:13):
Man, you just said they done when his boomers just
won't die. They just won't die, keep holding on making decisions.
They're like entrenched in decision making positions. They are alluding
the capital games, tax on network essentially compounds. Yes, so
you got it.
Speaker 5 (23:31):
There's an incumbency rate of ninety five percent, or between
ninety two and ninety five percent. In addition, because of gerrymandering,
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, and 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 get to
(23:51):
these levels of income inequality. They owe its self correct
through war, famine, revolution. We need to do something about this.
Speaker 3 (23:56):
Okay, so we'll be fine. Is what you're saying. Is
that's right. So the solution is find people who speak
this language and volte them in. Right, that sounds like what.
Speaker 5 (24:07):
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, an investment in the middle
class technologies.
Speaker 3 (24:20):
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 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 (24:37):
What I mean like the cater progress or those Fdr
Teddy Roosevelt is having a series of class traders if
you don't make these forward leaning investments. The reality is people,
you have your world work, you have your old 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
(24:58):
that your father and our grandparents made 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
that 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,
(25:20):
not see each other as Democrats or trans or non trans,
but see each other as Americans and start making these
forward leaning investments that have made them after.
Speaker 11 (25:27):
Day well as a young person, Thank you for thank you.
Try to look after the next generation. I appreciate that
a more old people can be like you.
Speaker 3 (25:37):
I appreciate that now Jabrob Wealth is available now Stout Galloway,
Well a quick bring, I'll be right back after this. Hey,
that's our show up with tonight. Tune in tomorrow. We
(25:58):
will be live at eleven thirty pm.
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This is the Daily Show.
Speaker 3 (00:16):
With your homes. Rouni loved the Daily Show. I'm right, Shang.
(00:38):
We got a lot to talk about tonight. Republicans leave
unity on Red, the Trumps make nepotism great again, and
we try to find a reason why Jdvans won't suck.
But let's start things off of the Republican National Convention.
In our continuing coverage of Indecision twenty twenty four, last
(01:02):
night was night too of the RNC, and it's been
a very unusual convention because someone shot the candidate four
days ago, and the media consensus after this was that
this week would be about healing.
Speaker 4 (01:16):
The attack on Trump has changed the storyline and the
tone of this convention. With the former president calling for unity,
something has fundamentally shifted here.
Speaker 5 (01:25):
This is going to be a different tone.
Speaker 6 (01:28):
This is going to shift what we are hearing from
every single person who takes the stage.
Speaker 2 (01:33):
It is about unity.
Speaker 4 (01:33):
It's about coming together and supporting one another.
Speaker 7 (01:35):
Now more trying to lower the political temperature here.
Speaker 4 (01:38):
It's like a wholly different convention that we're going to see.
Speaker 3 (01:42):
I think that bullet grazed his ear, but it impacted
his heart. Impacted his heart, it opened his eyes, it
lowered his cholesterol, and gorged his penis. But yeah, what
on the street was that the RNC speeches were going
to be civil and light now, so bring on the
good vibes.
Speaker 1 (02:03):
The democrats disastrous record on crime, trade and regulation has
ruined the lives of countless Minnesotans.
Speaker 2 (02:10):
Your family is less safe.
Speaker 4 (02:13):
Biden, violent crime crisis.
Speaker 3 (02:15):
Our children are dying. War on families, wealth, indoctrination trampled
under foot by the radical left.
Speaker 8 (02:21):
Biden and the Democrats are doing everything they can to
tear down this great country.
Speaker 9 (02:25):
America cannot afford four more.
Speaker 10 (02:30):
Years of a weekend at Bernie's presidency.
Speaker 3 (02:34):
Come my, come my, I mean, I guess this is
toning it down. And for the record, it is totally
unfair to compare Joe Biden's presidency to weekend at Bernie's. Okay,
for one thing, Bunnie could pass as in a life person. Okay,
also that movie gaw sequel. But it wasn't all death
(02:56):
and destruction. There was also a lot of ass kissing,
like from the coachair the Republican National Committee Laura Trump, Yes,
Laura Trump. I wonder if they're related.
Speaker 4 (03:06):
I know that I'm lucky enough to get to call
him my father in law, my father in law, my
father in law, father in law, my father in law,
my father in law. And if not for the support
and encouragement of my father in law, I wouldn't be
where I am today.
Speaker 3 (03:22):
Yeah, we kind of figured that. But hey, I'm not hating, Okay.
I would love to have a father in law who
gives me a career. I mean, all my father in
law gives me is anger that I haven't given him
a grandchild. By chill out, man, I'll hit it raw
when I'm ready. But the l RNC has to win
(03:42):
over more demographics than just daughters in law. So when
the former presidential candidate at Indian Tintin vivek Ramashlami, took
the stage, he made an appeal to young voters.
Speaker 5 (03:54):
Our message to gen Z is this, you're going to
be the generation that actually saves this country.
Speaker 3 (04:00):
You want to be a rebel, you want to be
a hippie, you want to stick it to the man,
show up on your college campus and try calling yourself
a conservative.
Speaker 1 (04:10):
Say you want to get married.
Speaker 3 (04:12):
Have kids? Okay, you know what diversity bring back to
white people. It's like he expects us to believe all
the cool kids I'm hanging out behind the bleacher is like, hey,
after we finished not having sex, that's fun. Offshore fracking
and as an Asian, I just want to make it
(04:34):
clear that the vek Wrangswami does not represent me. Okay
because Indians are not Asians. But if the VEG didn't
convince young people that it is cool to be Republican, hey,
check out this sick b is the mayor Megaville.
Speaker 11 (04:49):
Baby, you know who we vote.
Speaker 7 (04:51):
Vote?
Speaker 3 (04:52):
We voted Donald Trump. Baby America. Me savan American. I
didn't think it was possible to dishonor vanilla ice, but
they did it. In fact, I wish I got shot
in the year so I don't have to listen to
(05:12):
that shit. But dude, like the Republicans don't remember they
have Kanye Like, I know he's a bit of a
Nazi now, but I really don't think this room will
mind now. The main theme of Night two was making
America Safe Again, which got off to a bad start
when Rudy Giuliani. He did an impression when he did
(05:38):
an impression of his net worth and plummeted to the ground.
I mean, don't worry everyone, He's fine, Okay. Fortunately, the
only thing that can hurt Rudy is garlic and holy water.
But the theme was meant to highlight crime and drug
use in America, and some speakers came out to talk
about how much real tragedy they've these last few years.
(06:01):
My son murdered with a knife on the streets of
New York City. My beloved sister Rachel murdered, I suspected
illegal immigrant.
Speaker 6 (06:14):
I was insulted as a guest at the White House
Correspondent's dinner.
Speaker 3 (06:26):
Okay, okay, one of these stories wasn't quite as tragic
as the otherwise. And hey, I'm not saying it wasn't
painful that someone made fun of you while you had
a free dinner. But maybe next time, just go before
the widows and the orphans. So it's like an escalation
of tragedy. But you know what, Sarah Huckabe Sanders was
(06:48):
probably just ramping up. I'm sure she suffered a much
worse tragedy.
Speaker 6 (06:53):
My family was denied service and kicked out of a restaurant.
Speaker 3 (07:01):
Okay, lady, you heard the speeches before you. Right there
are people will like my whole family's addicted to fentanyl,
and you're like, I know, right, and Chipotle totally skinned
on my guack. Come on, you gotta give me something tragic,
make me cheer up.
Speaker 6 (07:19):
And a parent at my three year old son's preschool
spit on my car.
Speaker 3 (07:30):
Okay, Sarah is like, what is happening to America When
someone can just walk up to my car and hawk
t us spit on that thing?
Speaker 12 (07:45):
Why are you.
Speaker 3 (07:46):
Even don't applaud it, don't applaud it. It's why are
you even mad about that? You're in Arkansas? Isn't that
just a car wash?
Speaker 4 (07:54):
There?
Speaker 3 (07:56):
For more on the second. Now the RNC, we go
live to Milwaukee with my cost them.
Speaker 10 (08:05):
Thanks for Michael, Michael, how's.
Speaker 1 (08:08):
It going to go over there?
Speaker 3 (08:09):
Thanks? Ron?
Speaker 10 (08:09):
It is great to be here in Milwaukee. You know,
I know we canceled all our shows here this week,
but I'm glad that I got to stay here in Milwaukee,
which is where I am.
Speaker 3 (08:23):
Okay, so Republicans and the media, we're really talking about
how this country needed unity.
Speaker 4 (08:28):
What happened?
Speaker 10 (08:29):
Yeah, well it's boring, so they stop back to you, Ronnie.
Speaker 3 (08:34):
Wait, that's it. All that talk about bringing the country
together and lowering the temperature, and they couldn't do it.
Speaker 10 (08:40):
Yeah, you know, old habits are hard to change. It's
human nature.
Speaker 3 (08:44):
I do it.
Speaker 10 (08:45):
I'm always telling myself, Michael, you got to read more books.
Day one, I'm cracking open war in peace. But day
two I'm like, you know, porn hub has a comment
section that's rooting.
Speaker 3 (08:55):
Yeah, look, I know it's hot, but isn't it worth
making the f to try and bring the country together?
Speaker 10 (09:02):
No, it's not. It's actually an American division has always
been a part of American identity. Hamilton versus Burr, the
North versus the Confederacy, Tits versus ask still dividing families today,
we're a nation built on disagreement. Where did this idea
come from that the United States has to be united?
Speaker 11 (09:25):
Okay?
Speaker 3 (09:26):
I don't think that's right. I mean I feel like
America has been united before, Like god, I mean after
ninety eleven. Oh yeah, how'd that go?
Speaker 10 (09:35):
Were united around invading the wrong country. You know, It's
like my parents always told us as kids, we're not
good together. Okay, look, we need one half of America
to hate the other half.
Speaker 3 (09:52):
Okay, So you don't think this assassination attempt is an
opportunity for us to maybe change.
Speaker 10 (09:57):
It's the opposite, Ronnie. I don't want some twenty year
old gun nut forcing us to change who we are
as a nation.
Speaker 12 (10:04):
Think about it.
Speaker 10 (10:05):
If we put our differences aside and build a better future, well,
then the terrorists of one Okay, you know that.
Speaker 3 (10:14):
That is the dumbest shit I've ever heard.
Speaker 10 (10:17):
That's the most American thing you've ever said.
Speaker 3 (10:21):
I hate you, dude. I'm Michael.
Speaker 5 (10:22):
Talks to everyone, not.
Speaker 3 (10:24):
Only come back overpass the goops.
Speaker 12 (10:27):
Vice President, So don't go away.
Speaker 3 (10:52):
Welcome back to a daily show tonight, Ohio sidedor JD.
Vance officially accept the nomination to be vice president of
the United States, but to much of America, Vance is
still largely unknown.
Speaker 5 (11:04):
Former President Trump's new running mate, JD. Vance has had
a meteoric rise in the Republican Party.
Speaker 7 (11:09):
The freshman senator was first elected in twenty twenty two.
Raised in poverty, Vance enlisted in the Marine Corps and
was deployed to Iraq. He later graduated from Yale Law
School and wrote the best selling memoir Hill Billy Elogy
before turning to politics, Vance is largely aligned with mister
Trump's mega makeover of the GOP, opposing abortion rights and
aid for Ukraine.
Speaker 6 (11:31):
Wow.
Speaker 3 (11:31):
I'd be kind of worried about this guy becoming president.
But the good news is Trump is unkillable, so the
point is moved. The question is is he the right
person to be Donald Trump's running mate? For analysis, we
turned to Daisili Deck in Washington, d C. And Jordan
Klapper had.
Speaker 12 (11:45):
The Republic of National Advancer.
Speaker 9 (11:49):
Jordanda, that's not with you.
Speaker 3 (11:53):
Trump just picked another white guy where you could have
brought some diversity to a ticket. Do you think this
was a smart pick?
Speaker 4 (11:59):
Wow?
Speaker 8 (12:00):
I don't want to put you on blasts, Ronnie, but
jd Vance does bring diversity. He'd be the first vice
president over one hundred years with a beard, a kick
ass beard, a brosef strong, chiseled alpha beard. The face
pube Celia has been shattered.
Speaker 2 (12:17):
Hush, Ronnie. I'm sorry to interrupt, but Jordan couldn't be
more wrong. Jade Vance is a terrifying prospect.
Speaker 3 (12:26):
Oh? Is it because of his views on women's rights?
Speaker 8 (12:29):
Yeah?
Speaker 2 (12:30):
And also because he has a beard. I'm sorry, but
I do not trust a man if I don't know
where his neck is.
Speaker 6 (12:37):
Whoa, whoa?
Speaker 8 (12:39):
How dare you deasy? You have no idea what it's
like to have a beard.
Speaker 2 (12:43):
Oh believe me, I know what it's like. I have
been a beard for more men than I can. I
don't trust this guy. I mean, how can a man
have empathy for the working class when he doesn't even
care about giving me stash rash?
Speaker 8 (12:58):
Oh, shame, shame, DESI shave. That is discrimination against the
forgotten bearded Americans, The Lumberjacks, the metal band Basis, Travis Kelcey,
Jason Kelcey, anyone involved in and around the brinding of pickles.
All right, they deserve a voice in the White House.
Speaker 2 (13:15):
Oh, come on, are you that superficial?
Speaker 6 (13:17):
Jordan?
Speaker 2 (13:17):
If I just slapped on a beard, would you vote
for me?
Speaker 9 (13:19):
Oh?
Speaker 8 (13:20):
My culture is not your costume, DESI?
Speaker 3 (13:22):
Okay, guys, guys, guys, come on, Just to be clear, Jordan,
are you saying that you agree with DESI that Jdvans
is a dangerous ideologue? I do, okay, but you still
support him because he has a beard.
Speaker 8 (13:38):
Look, I can't turn my back on my people. Ronnie,
you don't know what it's like. You're an asshole. You
always get to vote for someone who represents you. Look,
we can't miss the opportunity to see a bearded man
in office. We're tired of living in the five o'clock shadows.
We'll finally have a straight talker who won't count out
to the clap trap from the pat Kats. Philterroco straight talker.
Speaker 2 (14:07):
Beards hide things, black heads, white heads, lack of chin,
too much chin. And he's open about all of his
horrific policies. So if that beard is hiding something, it
must be really bad.
Speaker 8 (14:18):
Oh, this is ridiculous. Beards do not hide anything.
Speaker 2 (14:23):
Really, not even a sharpie dick that never fully washed off.
Speaker 8 (14:26):
I told you that in competence, and that is rich
stuff coming from someone who wears a shirt at the
pool to hide a lower back tattooed of nor Daria.
Speaker 2 (14:37):
I told you that incompetence.
Speaker 3 (14:40):
Guys, guys, listen, we have to lower the temperature here.
Speaker 8 (14:43):
Shut up, Ronnie, you can't even grow a beard. Look,
let me put this in perspective. If I may quote
Martin Luther King.
Speaker 3 (14:54):
No, there's no, don't do that.
Speaker 8 (14:57):
Fair enough, fair enough, fair enough. But as Abraham Lincoln
once said, the government of the people, by the people,
for the people shall not perish from the earth.
Speaker 3 (15:09):
What does that have to do with beards?
Speaker 8 (15:12):
Lincoln had a beard, the hair that unites the north
of the south of the face. That's where he got
the idea from. And if a beard made Lincoln one
of this country's finest leaders, who knows, maybe a beard
will make jd Vance not as terrible as I'm pretty
sure he will be.
Speaker 3 (15:27):
Okay, let's hope. So Jordan Kleppen does he lie like
everybody is?
Speaker 2 (15:32):
And welcome back.
Speaker 9 (15:33):
God goal Away will be joining on the show, so
no go away. Welcome back to the Daily Show.
Speaker 3 (15:57):
My guest Tonights a YU professor, entrepreneur, and best selling
author whose book is called The Algebra of Wealth, A
Simple Formula Level Financial Security. Please welcome Scott Galloway. Thanks
(16:25):
for joining me.
Speaker 5 (16:26):
Professor, thanks for having me.
Speaker 3 (16:28):
Algebra Wealth? What is the algebra wealth?
Speaker 5 (16:32):
So it's a retrospective and all the mistakes.
Speaker 3 (16:34):
I mean, what is the what is that? How do
you make money?
Speaker 6 (16:38):
Yet?
Speaker 5 (16:38):
Now I wanted to insert me into the story, right,
So it's okay. So 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
(17:00):
you want to talk about stoicism. Control the things you
can't control you can control.
Speaker 3 (17:03):
Hey, this is that complicate?
Speaker 1 (17:04):
How do I?
Speaker 3 (17:07):
Why?
Speaker 5 (17:08):
How are we doing so far?
Speaker 3 (17:10):
Why are people poor? And who should we blame?
Speaker 12 (17:13):
That is?
Speaker 3 (17:14):
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 5 (17:24):
Yes?
Speaker 3 (17:24):
That we are poor?
Speaker 5 (17:26):
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.
Speaker 3 (17:42):
You can say it, Boomas, you can say.
Speaker 5 (17:45):
The two biggest tax deductions capital gains and mortgage interests.
Who owns homes and stocks? People my age? Who makes
their money from earnings? And rent people their age. So
I think everything we do is nothing but an elegant
transfer of wealth from young to old. People call them entitled.
I think they're actually entitled to be enraged.
Speaker 3 (18:04):
This is okay.
Speaker 12 (18:07):
I love how.
Speaker 6 (18:11):
I love how you.
Speaker 3 (18:12):
I love how you. You came in here. You're like, yeah,
it's my fault that I'm rich and your pool you
you can't do anything about it. 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 decade
is boomers yelling at millennials of being lazy and eating avocado.
(18:35):
So like a refreshing voice.
Speaker 5 (18:38):
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 3 (18:55):
Okay, anytime I want to say boomers, I'll just link
to this part of the one hundred or just what
this guy said. So, I mean, I'd love to continue
making the case against bomas, but I also like to
figure out, like, so, what can we do about what
can we do about it?
Speaker 5 (19:10):
What can he There's a variety of things. One, lower
taxes on put more money in. That put more money
in the pockets of young people. Education's kind up poor fold.
That was pretty populous. Housing's gone up four x. Education's
(19:31):
gone up two x. Meanwhile, minimum wage, if it had
just kept productivity up with productivia in plation, we'd 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
aged 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.
(19:53):
In two hundred and ten times a day they get
a notification of someone vomiting their faux wealth in their face.
It's no act incident that that we have. We are
raising a generation of the most obese, anxious, depressed, suicidal
generation and history.
Speaker 3 (20:08):
So wait, you were doing so well there with praising
the young people and you took a hot turn. I
just wasn't ready for I'm sorry. We are we good
or not? I was all fault or not? But okay,
But like, besides being civically engaged and caring about the world,
what can a young person do to make money?
Speaker 5 (20:29):
Well, again, I think it's I think it's.
Speaker 3 (20:32):
Nobody got that one. But because what you're describing is policies, right,
and I think a lot of young people feel disenfranchised
voting and so agency.
Speaker 5 (20:42):
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
(21:04):
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 or 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 3 (21:24):
I'm kind of horrified looking from me right now.
Speaker 5 (21:26):
Yeah, you just made my wife your best friend. This
is essentially 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 try and become great at something and pick
a non vanity industry that has greater than the ninety
(21:47):
plus percent employment rate.
Speaker 3 (21:50):
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 (22:01):
Elected officials are a cross between the Golden Girls and
the walking dead. The average age.
Speaker 3 (22:08):
But that is true, that is true. But and I'm
asking you as supposed to 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 Boomahs trying to hold on and if we
just can wait them out in the five years, we
can regain control and balance things out.
Speaker 11 (22:29):
Hopefully.
Speaker 5 (22:29):
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 martial law and Cuba two thirds of
(22:51):
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 romantic prospects. The average age of Americans
is thirty five. We need a representative democracy, We need
more young people. They will vote for money and make
forward leaning investments.
Speaker 3 (23:13):
Man, you just said they done when his boomers just
won't die. They just won't die, keep holding on making decisions.
They're like entrenched in decision making positions. They are alluding
the capital games, tax on network essentially compounds. Yes, so
you got it.
Speaker 5 (23:31):
There's an incumbency rate of ninety five percent, or between
ninety two and ninety five percent. In addition, because of gerrymandering,
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, and 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 get to
(23:51):
these levels of income inequality. They owe its self correct
through war, famine, revolution. We need to do something about this.
Speaker 3 (23:56):
Okay, so we'll be fine. Is what you're saying. Is
that's right. So the solution is find people who speak
this language and volte them in. Right, that sounds like what.
Speaker 5 (24:07):
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, an investment in the middle
class technologies.
Speaker 3 (24:20):
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 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 (24:37):
What I mean like the cater progress or those Fdr
Teddy Roosevelt is having a series of class traders if
you don't make these forward leaning investments. The reality is people,
you have your world work, you have your old 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
(24:58):
that your father and our grandparents made 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
that 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,
(25:20):
not see each other as Democrats or trans or non trans,
but see each other as Americans and start making these
forward leaning investments that have made them after.
Speaker 11 (25:27):
Day well as a young person, Thank you for thank you.
Try to look after the next generation. I appreciate that
a more old people can be like you.
Speaker 3 (25:37):
I appreciate that now Jabrob Wealth is available now Stout Galloway,
Well a quick bring, I'll be right back after this. Hey,
that's our show up with tonight. Tune in tomorrow. We
(25:58):
will be live at eleven thirty pm.
Speaker 1 (26:00):
No matter what. Explore more shows from the Daily Show
podcast universe by searching The Daily Show wherever you get
your podcasts. Watch The Daily Show weeknights at eleven ten
Central on Comedy Central, and stream full episodes anytime on
Paramount plus
Speaker 8 (26:22):
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