No Mercy / No Malice: War on the Young

Tax Policies

Tax and wealth policies in the U.S. have increasingly favored older generations, exacerbating economic inequality. Scott Galloway highlights how asset prices have been inflated through low corporate tax rates and bailouts, benefiting those who already own wealth. He points out that gains from investments are taxed at lower rates than income from labor, further widening the gap between the wealthy and the working class 1.

We've protected the wealth created by ownership at the expense of income earned by labor through the tax code, which favors gains from investments.

--- Scott Galloway

This system has led to a significant transfer of wealth from younger earners to older owners, with real estate holdings appreciating tax-free and capital gains being taxed at lower rates 1.

   

Political Representation

Political representation in the U.S. heavily favors older generations, impacting wealth distribution and policy-making. Scott Galloway notes that seniors vote for their peers, who then enact policies that benefit their age group, often at the expense of younger generations. This has resulted in a disproportionate allocation of resources, with the federal government spending significantly more per capita on seniors than on children 1.

The demo in democratic is failing us, as seniors vote seniors into office, who then vote themselves more money with neither age limits nor term limits.

--- Scott Galloway

The lack of age and term limits in Congress has turned many seats into lifetime appointments, further entrenching this imbalance 1.