Taxation and Spending
Ed argues that raising tax revenue to 24% of GDP could effectively address the deficit, emphasizing the need for closing loopholes and potentially increasing taxes. He highlights the challenge of meaningful spending cuts, noting that a significant portion of the budget is tied up in defense, healthcare, and Social Security—areas that are politically sensitive. Both Ed and Scott stress the importance of younger voters becoming more engaged, as the current political landscape is heavily influenced by senior voters who prioritize their benefits.In this clip
From this podcast
The Prof G Pod with Scott Galloway
Prof G Markets: Meta’s Monster Quarter, Buying Elon’s Twitter Debt, and America’s Deficit
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