Scott Galloway on Mirning Joe today…

[joelbc1]

He is a professor Of economics at the NYU Stern School of Business.
According to Galloway, the fastest growing segment of America is $Billionaires$….Five years ago there were 500 billionaires in America now there are 2500 $billionaires in America. The effective tax rate for these rich folks, according to Galloway, is 17%. I’m retired, on SS and retirement fund distributions and pay 22-24%.

 

[Bulldogs1974]

Maga: that just means i'm well on my way.... Stop all those regulations and I'll be a billionaire too.

 

[Crafty Beaver]

He is a professor Of economics at the NYU Stern School of Business.
According to Galloway, the fastest growing segment of America is $Billionaires$….Five years ago there were 500 billionaires in America now there are 2500 $billionaires in America. The effective tax rate for these rich folks, according to Galloway, is 17%. I’m retired, on SS and retirement fund distributions and pay 22-24%.

I’ll bet Joel $100 that he’s not computing his effective tax rate correctly.

 

[joelbc1]

I’ll bet Joel $100 that he’s not computing his effective tax rate correctly.

It’s Galloway’s numbers, not mine. I bet he’s pretty close with his numbers.

 

[joelbc1]

Maga: that just means i'm well on my way.... Stop all those regulations and I'll be a billionaire too.

That is what Galloway alluded too, although it is highly doubtful it will happen (<1%). It was an interesting interview…I’m sure it exists somewhere on YouTube…

 

[Mister_Man]

Putin's vision for Merica

 

[wausauhawk]

I enjoy Galloway's podcast

 

[Crafty Beaver]

It’s Galloway’s numbers, not mine. I bet he’s pretty close with his numbers.

I call bs on your effective federal tax rate being 22-24%. $100 says you’re not computing your own effective tax rate correctly.

 

[NorthEndzoneCrew]

If Biden could just stay out of my life I would’ve already joined the ranks!

 

[Phenomenally Frantastic]

Galloway is a dumbphuck.

 

[alaskanseminole]

The Mirning are an Indigenous Australian group from the southern coast of Western Australia. They have a rich cultural heritage and spiritual traditions, including connections to the whale as a significant totemic figure in their mythology.

 

[Jimmy McGill]

The Billionaires are not going to fair well when the revolution comes

 

[Doodads and Hoohah]

Galloway is a dumbphuck.

No, he is not. Smarter and more successful than you.

 

[funksouljon]

The Billionaires are not going to fair well when the revolution comes

who knew this dude would eventually start looking like your grandma.

 

[uihawk82]

That is what Galloway alluded too, although it is highly doubtful it will happen (<1%). It was an interesting interview…I’m sure it exists somewhere on YouTube…

I posted the video a few hours ago on this forum or it is easy to find, a great watch

 

[stillh8unlv]

Galloway is a dumbphuck.

Explain

 

[wausauhawk]

Explain

Galloway doesn't like Elon, therefore he's a "dumbphuck" in a certain posters mind.

 

[Phenomenally Frantastic]

Explain

‘Reckless’ Elon Musk Is Running Twitter Into the Ground, Says NYU Professor Scott Galloway

New York University professor Scott Galloway said Elon Musk is running Twitter like a startup and his many hasty decisions have created a culture of chaos and ill will.

observer.com

‘Reckless’ Elon Musk Is Running Twitter Into the Ground, Says NYU Professor Scott Galloway​

 

[Phenomenally Frantastic]

No, he is not. Smarter and more successful than you.

Wasn’t smarter than me when it came to Elon transforming Twitter into X. Between November 2022 and January 2025, the transformation is maybe 25% complete. Still too early to judge in full.

 

[WDSMHAWK]

The Billionaires are not going to fair well when the revolution comes

I don't know, the government is set up to protect the billionaires from us common folk.

 

[stillh8unlv]

‘Reckless’ Elon Musk Is Running Twitter Into the Ground, Says NYU Professor Scott Galloway

New York University professor Scott Galloway said Elon Musk is running Twitter like a startup and his many hasty decisions have created a culture of chaos and ill will.

observer.com

‘Reckless’ Elon Musk Is Running Twitter Into the Ground, Says NYU Professor Scott Galloway​

Wow, what a hit piece.

All I can say is any pussy that 'don't forget' such a brutal takedown are weak, insecure little boys.

Ah...I get it now....

 

[Phenomenally Frantastic]

Wow, what a hit piece.

Should have stopped there.

 

[Crafty Beaver]

He is a professor Of economics at the NYU Stern School of Business.
According to Galloway, the fastest growing segment of America is $Billionaires$….Five years ago there were 500 billionaires in America now there are 2500 $billionaires in America. The effective tax rate for these rich folks, according to Galloway, is 17%. I’m retired, on SS and retirement fund distributions and pay 22-24%.

Bump for Joel showing the math on his 22-24% effective tax rate.

 

[Crafty Beaver]

Ok...just an update.

Approximately 30 hours after first requesting joel to show the math on his own 22-24% effective tax rate, I think it's safe to conclude that the emperor has no clothes on this one & the analogy he was trying to make about paying a higher effective tax rate than the billionaires was fraudulent.

Continue to take all of joel's posts with a huge measure of "he likely has no effing clue what he's talking about".

Carry on.

 

[Doodads and Hoohah]

Ok...just an update.

Approximately 30 hours after first requesting joel to show the math on his own 22-24% effective tax rate, I think it's safe to conclude that the emperor has no clothes on this one & the analogy he was trying to make about paying a higher effective tax rate than the billionaires was fraudulent.

Continue to take all of joel's posts with a huge measure of "he likely has no effing clue what he's talking about".

Carry on.

Thanks for the update. I was on the edge of my seat.

 

[Crafty Beaver]

Thanks for the update. I was on the edge of my seat.

Joel actually posts quite a bit about taxes & tax policy. Dude has no effing clue what he's talking about.

 

[joelbc1]

Joel actually posts quite a bit about taxes & tax policy. Dude has no effing clue what he's talking about.

I just pay’em.
I owe you an apology… my fat fingers and small keyboard strike again.. my “effective tax rate” actually is 11-12% at the fed level. I guess my problem is that I have nothing to itemize any more.That’s on an income much smaller than those earners with 9 “0’s” on their IRS forms. Sorry for the misinformation.
If there is ever to be a dent in the nation’s debt, those folks who make the money will have to pay much more of their earnings to the IRS…. Again, it seems to me that Clinton had things figured out back in his day. Also, I should proof-read more closely.

 

[BelemNole]

This is very out of date as Bezos is no longer the top dog and the top 5 have more than doubled their wealth since Covid, but it’s still informative.

Wealth, shown to scale

Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.

mkorostoff.github.io

 

[alaskanseminole]

This is very out of date as Bezos is no longer the top dog and the top 5 have more than doubled their wealth since Covid, but it’s still informative.

Wealth, shown to scale

Wealth inequality in the United States is out of control. Here we visualize the issue in a unique way.

mkorostoff.github.io

Holy crapola! I'm poor.

 

[CRazzle]

 

[stillh8unlv]

View embedded media

He's not wrong and it's only going to get worse in our social media age

 

[joelbc1]

He's not wrong and it's only going to get worse in our social media age

Income disparity is the #1 problem in the world…$$ is needed by everyone to exist. I believe Fallowsy states the “fastest growing financial demographic” in the US is $billionaires$.