TAX THE RICH — and More | Office Hours with Scott Galloway

About this Video

• Video Title: TAX THE RICH — and More | Office Hours with Scott Galloway
• Channel: The Prof G Pod – Scott Galloway
• Speakers: Scott Galloway
• Duration: 00:17:20

Introduction

This "Office Hours" episode with Scott Galloway addresses viewer questions on various topics. The main discussion points include Galloway's fitness routine, advice on hiring a first assistant, and the impact of high taxes on wealthy individuals and their potential exodus from high-tax cities.

Key Takeaways

• Fitness Routine: Galloway emphasizes consistent exercise (4-5 times/week for 40 years), balanced nutrition (though he admits to occasional indulgences), and prioritizing sleep. He also uses supplements and has undergone testosterone therapy.
• Hiring an Assistant: Galloway advises thorough vetting beyond interviews, emphasizing the importance of arm's-length references to gain honest assessments. He shares anecdotes about both positive and negative experiences with assistants, highlighting the need for patience, training, and a willingness to let go if the relationship isn't working.
• High Taxes: Galloway discusses the impact of high taxes, using his own relocation decisions as examples. He notes that excessively high taxes can backfire, leading to a decrease in tax revenue due to wealthy individuals and businesses leaving high-tax areas. He suggests that improving tax code enforcement may be a more effective approach than simply increasing taxes.