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USA
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Posted: 5/7/2024 2:28:56 PM EDT
Discusses institutionalized accumulation of wealth from younger generations to old. I can't agree with him on all points, but he does make some legitimate observations about the current state of things & where they appear to be trending.
 How the US Is Destroying Young People’s Future | Scott Galloway | TED |
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Posted: 5/7/2024 2:30:50 PM EDT
[#1]
I watched that yesterday. Hard to disagree with many of the points he makes.
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Posted: 5/7/2024 2:33:00 PM EDT
[#2]
Has been for 30+ years.
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Posted: 5/7/2024 2:34:47 PM EDT
[#3]
tagged for later
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USA
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Posted: 5/7/2024 2:35:49 PM EDT
[#4]
Imagine posting a video on a message board where the primary medium of communication is the written word.
Charts? Numbers?  Attached File |
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Posted: 5/7/2024 2:38:22 PM EDT
[#5]
I thought that "destroying peoples' futures", whether that of young or old, was pretty much the definition of what the US Federal Government's raison d-etre has morphed into over time.
It certainly has picked up the pace during the time when the Obamunist regimes have been wielding the levers of power, but it had been moving in that direction long before. |
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Posted: 5/7/2024 2:45:38 PM EDT
[Last Edit: Ambridge77]
[#6]
He's not wrong.
My take, whether or not the video covered it: 1965 onward - allow unrestricted immigration 1973 onward - allow unrestricted abortions of U.S. babies Synopsis (not just of the video): Kill American unborn children, import the 3rd world, regardless of whether they love this country or hate it, or have skills we need Have whatever American children were allowed to live compete with third world immigrants for jobs and housing. Bailout the banking industry, and other shitbags. Teach the children to hate America and themselves. Still watching video... |
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Posted: 5/7/2024 2:45:47 PM EDT
[#7]
Fuck you I’m taking SS when I can take it. That money was taken from me and I’ll get as much back as I can before I go wheels up.
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Posted: 5/7/2024 2:54:21 PM EDT
[#8]
I don't depend on Social Security.
I depend on me. I know I contributed ($ stolen from me), but if I can kill that beast for the sake of my descendants, I'll burn it to the ground. |
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USA
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Posted: 5/7/2024 2:58:09 PM EDT
[#9]
He used to be a rabid leftist.
Nothing he said in that vid was factually incorrect. That's why they are importing millions of 'others'. |
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Posted: 5/7/2024 3:04:29 PM EDT
[Last Edit: sq40]
[#10]
Socialist that throws a shout out to the Canuk Castro.
That said, 2/3rds of his presentation was on the money. |
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Posted: 5/7/2024 3:08:27 PM EDT
[#11]
I was with him until he started promoting a $25/hr minimum wage. It went downhill from there for me.
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Posted: 5/7/2024 3:10:13 PM EDT
[#12]
Aggregating social security numbers is potentially very misleading. I'd love to see what a possible means test would achieve in terms of freed up funds, I can't imagine it would be as significant as he posits. Old fart Boomers might be wealthy as a cohort, but I assume it's relatively concentrated. He also doesn't seem to control for population size. Millennials are a much larger generation than X was. So there's kore chasing fewer resources. And those old Boomers (actual Boomers) with all that wealth are a very large group, so per capita it might look a bit different.
But, gotta respect his presentation in an era of polished Ted talks that all follow the same cliché style. |
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Posted: 5/7/2024 3:14:08 PM EDT
[#13]
In all reality, all of our current social programs and systems have too stark a divide and too sharp a cutoff. Having so little granularity keeps poor people poor and de incentives transition to work, working part time, and filling low wage jobs while keeping enough public assistance. Its fairly all or nothing, so s a whole, we get less work out of people.
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TX, USA
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Posted: 5/7/2024 3:19:44 PM EDT
[#14]
The fix is transitioning to honest money from our current abomination
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WI, USA
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Posted: 5/7/2024 3:21:04 PM EDT
[#15]
We need a strong patriot like Putin to save us.
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CAN
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Posted: 5/7/2024 3:31:24 PM EDT
[Last Edit: Prezboi44]
[#16]
Galloway is an economic moron. He would love for this place to be a soviet-style economy with iron-fisted edicts to fix everything he cites. In other words, a command economy run by him and the progressives throwing away private-property rights and forcing his will on everyone.
Many of the problems he cites are self-created by legislation as a weapon. His tribe wanted government Obamacare to "fix" things. His tribe wants further mandates to "fix" climate change". His tribe created skyrocketing tuition at universities through helicopter money. They do not value individualism and independence. I certainly wouldn't want his legislation to "fix" anything with all the intended and unintended consequences it breeds. No f'n way. And BTW, everywhere you see him, he's pontificating and speechifying, NOT being challenged by others. Fuck all that. |
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CAN
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Posted: 5/7/2024 3:34:34 PM EDT
[Last Edit: Prezboi44]
[#17]
Quote HistoryOriginally Posted By Radio_Free_ARFCOM: He used to be a rabid leftist. Nothing he said in that vid was factually incorrect. That's why they are importing millions of 'others'. I can't check his facts now, can I? He just throws graphs on a screen and you have no idea what area it covers, the sources, the limits of the "study". There's no context in an 18 minute speech. Only tears and his grand fix. Nope. |
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Posted: 5/7/2024 3:40:07 PM EDT
[#18]
Most of his ideas are reasonable except for the fact that they all require.... more government to institute them.
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Posted: 5/7/2024 3:44:03 PM EDT
[#19]
Quote HistoryOriginally Posted By dawg69: I was with him until he started promoting a $25/hr minimum wage. It went downhill from there for me. and means test social security. |
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Posted: 5/7/2024 3:44:47 PM EDT
[#20]
Quote HistoryOriginally Posted By Prezboi44: Galloway is an economic moron. He would love for this place to be a soviet-style economy with iron-fisted edicts to fix everything he cites. In other words, a command economy run by him and the progressives throwing away private-property rights and forcing his will on everyone. Many of the problems he cites are self-created by legislation as a weapon. His tribe wanted government Obamacare to "fix" things. His tribe wants further mandates to "fix" climate change". His tribe created skyrocketing tuition at universities through helicopter money. They do not value individualism and independence. I certainly wouldn't want his legislation to "fix" anything with all the intended and unintended consequences it breeds. No f'n way. And BTW, everywhere you see him, he's pontificating and speechifying, NOT being challenged by others. Fuck all that.  Attached File |
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Posted: 5/7/2024 3:47:07 PM EDT
[#21]
Quote HistoryOriginally Posted By Morgan321: Most of his ideas are reasonable except for the fact that they all require.... more government to institute them.  Attached File |
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VA, USA
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Posted: 5/7/2024 3:49:21 PM EDT
[#22]
Quote HistoryOriginally Posted By aggiesq: and means test social security. Quote HistoryOriginally Posted By aggiesq: Originally Posted By dawg69: I was with him until he started promoting a $25/hr minimum wage. It went downhill from there for me. and means test social security. I mean, we means test all of the other welfare in this country, why not social security? I want to get rid of all of it, just to be clear. No, I don’t care how much you paid, and no, I don’t care if people are homeless. If you need charity, go seek it out. Make good financial decisions and you won’t have a problem and won’t need to rob people who are actually productive. |
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TX, USA
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Posted: 5/7/2024 4:12:31 PM EDT
[#23]
I lasted about eight minutes of this smoke and mirrors demagoguery.
More wealth held by 70 year olds? We have so many more of them, since we live longer. Cut college tuition by 2% a year and it costs half after ten years? You should buy a calculator. Home are twice as expensive vs income compared to our grandparents? They're also twice as large and far more amenitized. I can go on and on. This is a collection of social justice talking points, not information. |
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Posted: 5/7/2024 4:23:57 PM EDT
[#24]
I've said this on arfcom.
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Posted: 5/7/2024 4:26:16 PM EDT
[#25]
Quote HistoryOriginally Posted By fredegar: I watched that yesterday. Hard to disagree with many of the points he makes. I don't agree with all his proposed solutions, but I largely agree with him on the problems. |
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Posted: 5/7/2024 4:29:53 PM EDT
[Last Edit: ScopeScar]
[#26]
Quote HistoryOriginally Posted By targetworks: I thought that "destroying peoples' futures", whether that of young or old, was pretty much the definition of what the US Federal Government's raison d-etre has morphed into over time. It certainly has picked up the pace during the time when the Obamunist regimes have been wielding the levers of power, but it had been moving in that direction long before. I see it that way. Some of the video points or ideas were lame. Much of it was correct and backed by fact. |
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Posted: 5/7/2024 4:30:53 PM EDT
[#27]
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Posted: 5/7/2024 4:34:01 PM EDT
[#28]
Quote HistoryOriginally Posted By Mazawakhan: Fuck you I’m taking SS when I can take it. That money was taken from me and I’ll get as much back as I can before I go wheels up. A perfect example of what he's talking about about. The government lied and stole from you. They squandered your money. Now your argument is essentially that they need to keep doing it to the next generation in order to keep you whole. I'm guessing you don't have kids. |
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Posted: 5/7/2024 4:34:25 PM EDT
[#29]
Quote HistoryOriginally Posted By Ambridge77: I don't depend on Social Security. I depend on me. I know I contributed ($ stolen from me), but if I can kill that beast for the sake of my descendants, I'll burn it to the ground. This my perspective. |
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Posted: 5/7/2024 4:35:17 PM EDT
[#30]
Quote HistoryOriginally Posted By Curdmugeon45: Imagine posting a video on a message board where the primary medium of communication is the written word. Charts? Numbers? /media/mediaFiles/sharedAlbum/Carlin_small_club-829.png I’ll give him credit for posting a short, concise and accurate summary of the videos purpose. |
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CAN
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Posted: 5/7/2024 4:35:35 PM EDT
[#31]
Reminds me of 30 years ago: Everyone deserves a home and if you disagree, you are a racist.
Boom! NINJA loans to the rescue. Then 15 years ago, a bank/subprime credit crisis and suddenly everyone is in a world of shit. Lather-Rinse-Repeat. |
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Posted: 5/7/2024 4:37:56 PM EDT
[#32]
Quote HistoryOriginally Posted By BourbonBeast: I mean, we means test all of the other welfare in this country, why not social security? I want to get rid of all of it, just to be clear. No, I don’t care how much you paid, and no, I don’t care if people are homeless. If you need charity, go seek it out. Make good financial decisions and you won’t have a problem and won’t need to rob people who are actually productive. Quote HistoryOriginally Posted By BourbonBeast: Originally Posted By aggiesq: Originally Posted By dawg69: I was with him until he started promoting a $25/hr minimum wage. It went downhill from there for me. and means test social security. I mean, we means test all of the other welfare in this country, why not social security? I want to get rid of all of it, just to be clear. No, I don’t care how much you paid, and no, I don’t care if people are homeless. If you need charity, go seek it out. Make good financial decisions and you won’t have a problem and won’t need to rob people who are actually productive. It makes sense to a degree, I'd genuinely like to see how the numbers would break out with various figures. Social Security already is an insurance policy of sorts with the disability side, makes sense that it could be a cushion in the retirement side as well, available if your other schemes explode in your face. For a guy making half a mil in retirement to also get 50k a year in Social Security does seem ridiculous. Then again, it's not very much, and that's not many people. Another thing he doesn't seem to consider is that for a vast majority of middle to upper middle class people, social security becomes an incentive to leave the work force, since you get penalized for income once you start withdrawals. This opens up the economy to the younger people he's purportedly so worried about. |
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Posted: 5/7/2024 4:38:52 PM EDT
[#33]
why wood worthless zekes and mils do this?
 @killerb6 |
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Posted: 5/7/2024 4:41:57 PM EDT
[#34]
I get it. We're to rely on more government to fix the problems that were caused by too much government in the first place. Sounds perfectly reasonable to me.
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MI, USA
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Posted: 5/7/2024 4:50:11 PM EDT
[#35]
Not watching that leftist, did he float the idea to off mom and dad so the kids can have a house and some cash before they turn 25?
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Posted: 5/7/2024 4:51:46 PM EDT
[#36]
Quote HistoryOriginally Posted By Halberdier: Home are twice as expensive vs income compared to our grandparents? They're also twice as large and far more amenitized. Making small houses may as well be illegal after government instituted their list of demands. |
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Posted: 5/7/2024 5:17:26 PM EDT
[#37]
Quote HistoryOriginally Posted By Ambridge77: He's not wrong. My take, whether or not the video covered it: 1965 onward - allow unrestricted immigration 1973 onward - allow unrestricted abortions of U.S. babies Synopsis (not just of the video): Kill American unborn children, import the 3rd world, regardless of whether they love this country or hate it, or have skills we need Have whatever American children were allowed to live compete with third world immigrants for jobs and housing. Bailout the banking industry, and other shitbags. Teach the children to hate America and themselves. Still watching video... The more I think about it, the less I think it is part of some greater plan. I think it's more of whoever the current administration is, they just do the bidding of their donors at the moment. Some donors might want illegal immigration, some might want Americans to get distracted by squabbling about abortion. I think the real goal of the incumbents and their donors is to build/solidify their wealth and to make it to reelection. If you believe politicians act on selfish reasons, it can make sense. They all want to get rich and stay rich and they want to do it quietly. The longer you are in office, the more money you'll make. The rest of their job is pretending to care about issues and bullshitting their constituents into voting for them again. The best place to notice where the real influence is to look at the must pass bills that go through Congress. That's where the donors make their money, with all the pork and special deals inside that they hope nobody notices. It's too hard to pass their legislation by themselves, so they cram it into a bill that will crash the government if it doesn't pass. |
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TX, USA
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Posted: 5/7/2024 6:03:10 PM EDT
[#38]
Quote HistoryOriginally Posted By adrock1: A perfect example of what he's talking about about. The government lied and stole from you. They squandered your money. Now your argument is essentially that they need to keep doing it to the next generation in order to keep you whole. I'm guessing you don't have kids. Quote HistoryOriginally Posted By adrock1: Originally Posted By Mazawakhan: Fuck you I’m taking SS when I can take it. That money was taken from me and I’ll get as much back as I can before I go wheels up. A perfect example of what he's talking about about. The government lied and stole from you. They squandered your money. Now your argument is essentially that they need to keep doing it to the next generation in order to keep you whole. I'm guessing you don't have kids. I'm guessing he does. Or at least, his post isn't a good reason for suggesting he doesn't. Heinlein was saying in the 50s, in his political science writing, that old farts were astonishingly selfish and entitled. Sacrificing for the next generation, or simply not eating the seed corn, is not a selected-for trait in American business anymore. Nor is it in the popular culture. 1 dollar in 3 of federal expenditures goes to SS/Medicare and the portion of Medicaid concerned with long-term care. The voters don't want to get rid of it, and we're not balancing our books with it as currently implemented. I don't have an answer. |
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Posted: 5/7/2024 6:46:47 PM EDT
[#39]
Quote HistoryOriginally Posted By adrock1: A perfect example of what he's talking about about. The government lied and stole from you. They squandered your money. Now your argument is essentially that they need to keep doing it to the next generation in order to keep you whole. I'm guessing you don't have kids. Damn right they stole from me! They have stolen from everyone. No I don’t have kids and that shouldn’t matter. I’m supposed to tell the government to go ahead and keep my money because that is the benevolent thing to do? Yeah fuck that! |
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Posted: 5/7/2024 6:50:30 PM EDT
[#40]
The solution is to work according to your abilities and get paid according to your needs.
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USA
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Posted: 5/7/2024 6:54:55 PM EDT
[#41]
I don't know why people of any age have "banked" on social security. I'm 53 and my entire life if it has been looked at thing if you get it that's okay and if you don't then it's expected. Make plans either way.
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Posted: 5/7/2024 7:07:40 PM EDT
[#42]
(4) minutes was enough...
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USA
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Posted: 5/7/2024 7:13:29 PM EDT
[#43]
Geezers will still be yelling “boot straps” on their way to the camps after the communist revolution.
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FL, USA
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Posted: 5/7/2024 7:14:07 PM EDT
[Last Edit: FMJshooter]
[#44]
He certainly identified some problems. His solutions are
 Future prospects for my kids makes me depressed as hell. I did pretty well in life for 43, I work only to build trusts I can give to them when they go out on their own. Party's over. |
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Posted: 5/7/2024 7:19:41 PM EDT
[#45]
Quote HistoryOriginally Posted By targetworks: I thought that "destroying peoples' futures", whether that of young or old, was pretty much the definition of what the US Federal Government's raison d-etre has morphed into over time. It certainly has picked up the pace during the time when the Obamunist regimes have been wielding the levers of power, but it had been moving in that direction long before. Most of the points he makes are born out of socialism not working hard all your life so some greedy worthless punk can take my property and throw me out on the street. He spent all his time talking about entitlement not wealth. I do agree with him on colleges and some corporation boards. They are money pits for the elite and contribute nothing to civilization. |
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Posted: 5/7/2024 7:26:12 PM EDT
[Last Edit: Chisum]
[#46]
Quote HistoryOriginally Posted By Prezboi44: Galloway is an economic moron. He would love for this place to be a soviet-style economy with iron-fisted edicts to fix everything he cites. In other words, a command economy run by him and the progressives throwing away private-property rights and forcing his will on everyone. Many of the problems he cites are self-created by legislation as a weapon. His tribe wanted government Obamacare to "fix" things. His tribe wants further mandates to "fix" climate change". His tribe created skyrocketing tuition at universities through helicopter money. They do not value individualism and independence. I certainly wouldn't want his legislation to "fix" anything with all the intended and unintended consequences it breeds. No f'n way. And BTW, everywhere you see him, he's pontificating and speechifying, NOT being challenged by others. Fuck all that. He sounded like a socialist wanting the redistribute wealth and create a generation of entitlement. Who gets abortions? The younger generations. I can guarantee you my 76-year-old wife will not be getting an abortion anytime soon. They have killed half a generation of working people, doctors, engineers, nurses, farmers, etc. There is the heart of the crisis. 9 million jobs are vacant. They screwed themselves. Worse, many here are stupid enough to think it is still a great idea. |
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Posted: 5/7/2024 7:42:36 PM EDT
[#47]
Quote HistoryOriginally Posted By Mazawakhan: Damn right they stole from me! They have stolen from everyone. No I don’t have kids and that shouldn’t matter. I’m supposed to tell the government to go ahead and keep my money because that is the benevolent thing to do? Yeah fuck that! Your generation didn't put enough in to cover the projected out flows.. On your watch when boomers where in charge the system went insolvent and close to bankruptcy and instead of fixing it you all let it go so you could maintain power into your 80s and "get yours" someone has to get screwed and the only right answer is the boomers get their benefits cut significantly because you all are the only ones who can tug your bootstraps and create money to sustain yourself by that method. |
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Posted: 5/7/2024 7:52:02 PM EDT
[#48]
Quote HistoryOriginally Posted By FMJshooter: He certainly identified some problems. His solutions are Future prospects for my kids makes me depressed as hell. I did pretty well in life for 43, I work only to build trusts I can give to them when they go out on their own. Party's over.  |
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NY, USA
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Posted: 5/7/2024 8:01:19 PM EDT
[#49]
His "facts" are wrong.
He makes a big deal about college being elite, and regular people not being able to get in. Not true.. While its hard to get into Harvard, Stanford, etc, many colleges are seeing substantial enrollment declines, and are actively BEGGING students to apply....They are doing everything possible, including spending thousands and thousands on advertising, trying to recruit students. Over the last decade, the enrollment "bar" gets lower and lower.... Cost of college?: yeah thats thru the roof. a lot of it is the STUDENTS fault. Sorry. Uncomfortable truth.. College in 1975 was two kids to a dorm room, cafeteria meals, and a basic college education. Not good enough today. Kids want semesters abroad, separate rooms in apartment-style or townhouse residences, and a la carte menu offering on the food plan. Small wonder your college education was expensive, when the tuition included a semester in Spain, and weekend ski trips to Vermont. Cost of a home is too high? No wonder. A "starter" home in 1970 was 900 sq ft. A 12x12 master bedroom and two smaller bedrooms that wouldn't qualify as a walk in closet in a home today. One bath. Tiny kitchen. Today? That home wont sell. 23 year old kids "can't picture themselves" in anything less than 2600 sq ft, 3 bedroom, 2.5 bath, a family room and a den... Minimum two car garage. Granite counters please.... Some of his points are likely valid. But his TED talks are informational. They are shit stirring propaganda intended to foment discord and play to the emotions of the "I'm so disadvantaged" snowflake crowd. |
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Posted: 5/7/2024 8:13:35 PM EDT
[#50]
Scott also left out a big point. Where is his gratitude for all the sacrifices, millions of Taxpayers made to help his mother feed, cloth, and house him? How about the grants and loans for college? Which generations did that for you? Now he advocates throwing those people out on the street.. Scott spent a lot of time pointing fingers but never once said thanks. FU Scott.
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