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Scott Galloway explains why government spending needs to look toward the future.

October 06, 2023 / 00:54

This episode discusses the impact of senior voting on government spending, the lack of universal childcare, and the prioritization of funds for older generations over younger ones.

The conversation highlights how 40% of government spending is directed towards seniors, raising concerns about the future of investments in children and education. The speakers argue that if the average age of voters matched the average age of the population, policies like pre-K and child tax credits would not be eliminated.

Key points include the criticism of how older voters have influenced financial decisions over the past 65 years, potentially jeopardizing future investments. The discussion emphasizes the need for a shift in focus towards younger generations and their needs.

TL;DR

Senior voting shapes government spending, impacting future investments in children.

Video

00:00:00
if you're going to try and diagnose the
00:00:01
cancer here I think it's that it's that
00:00:04
essentially we have a
00:00:07
gentrac where we keep stabbing or
00:00:10
puncturing the life raft and that is
00:00:12
seniors are just voting themselves more
00:00:14
and more money 40% of all government
00:00:16
spending goes to seniors who vote and
00:00:18
what do you know there's no Universal
00:00:20
child care I'm just saying if the
00:00:21
average age of our democracy was the
00:00:24
average age of our populace which is 38
00:00:26
you wouldn't be eliminating prek you
00:00:28
wouldn't be eliminating the child tax
00:00:29
credit deal with the tack and the old
00:00:31
people Scott here's the thing folks with
00:00:33
all due respect you've had 65 years to
00:00:36
figure it out and we have to save some
00:00:38
money to invest in the future and you
00:00:41
are now crowding out all investments in
00:00:43
the future but we privatized everything
00:00:45
important well yeah and then we have
00:00:47
individuals who who think you are pure
00:00:50
evil but it's not
00:00:52
untrue

Episode Highlights

  • Funding for Seniors
    40% of all government spending goes to seniors, raising concerns about future investments.
    “Seniors are just voting themselves more and more money.”
    @ 00m 12s
    October 06, 2023
  • The Age of Democracy
    If the average age of our democracy matched the populace, policies would be different.
    “You wouldn't be eliminating prek.”
    @ 00m 21s
    October 06, 2023

Episode Quotes

Key Moments

  • Government Spending00:14
  • Aging Democracy00:21
  • Future Investments00:36

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