Why Trump Ignored Musk's Drug Spiral: Scott Galloway | The Daily Beast Podcast

I'm Joanna Coles, the chief. content officer of The Daily Beast, and you are probably doing your dishes. as I speak to the Daily Beast podcast. You may be dancing. You may be singing. You may be putting your daughter. to sleep. But you're very welcome to stay. and listen to today's guest. who we love. It's Scott Galloway, the brilliant marketing professor. at NYU Stern School of Business. He's the co-host with the brilliant. Kara Swisher of The Pivot Podcast.

He's also got a podcast. with Anthony Scaramucci. about the future of young men. He's a crazy. lateral thinker, and I love talking to him. So let's get into it. Before we do, we had a very brief technical difficulty. for the first five minutes. We lost Scott's camera. so on YouTube, You will see us actually kick. into the video about five minutes. into the conversation. Enjoy. Great. Okay, let's get into it. We have Scott Galloway, the guru of marketing and frankly,

an old friend. Scott, one of the things. that I'm fascinated by. is how almost anybody that works. for Donald Trump comes away. scarred by it. Last week we saw him. wave off Elon. with a key. There was a couple of days of silence, and then suddenly Elon. bounced onto Twitter with. endless criticisms. of the Big Beautiful Bill. Where do you see this. relationship between the. two of them going? You know, it's difficult to predict.

It's difficult to predict. the actions. of a drug addict. And we as Democrats. like to think that we're above. everything and are worried. we're not going to be invited. back to some kind of. cool bridge tournament. or the White House Correspondents Dinner. So we don't call a spade a spade. I would be very happy. Never to go to the White House. Correspondents Dinner again. It's the longest dinner in Christendom. There you go. I have had people in my life. who are addicts, and when they jump the shark. and become seriously addicted, they're not exactly known. for their consistency and so on.

one party, you have Elon. Musk, who is a rabid addict. but is an addict with a huge checkbook so. they’re afraid of him, and a platform. so they're sort of dancing around him. This is essentially-. You’re a manager, Joanna. You know that-. What you try to do as a manager when you fire. someone is you try to make it such. that they don't hate you. Mhmm. You try to say, okay, this isn't working, but we're going to give you severance. And that's the kind thing to do. and we're going to speak well of you. And please sign. this nondisclosure agreement. and this non disparagement agreement. This happens every day. in corporate America. And so the Trump administration.

I think is politely trying to. put him to the side, but hope they maintain good relations. so he'll continue to open his checkbook. and he won't go nuclear on them. And he kind of already is. I think he called it. a “disgusting abomination.”. The tax bill. and Trump, as you reference... the seduction of power. is incredible. If someone called me up and said, we want you to be Secretary of Commerce, and I didn't agree with their proposals. or their policies, it's very tempting. to believe “Well I can be the person. that figures it out.”. Called the White House, so I don't... I empathize with people.

who go to work for the president, but the majority. of them, Governor Haley. or Secretary Haley, better known as Nikki. Haley, was one of the few people. I can point to that actually got out. without being strafed. And that is, they usually come away. with the reputation... I don't think... How does Secretary Rubio. recover from this? But let's just focus on. on Elon Musk for a second, because we know that. his business, Tesla. in particular, has been very badly. impacted by his going to work. for the White House. If you're managing the. brand of Elon Musk,

how do you help him. in this moment where he's really become. a despised figure. by many, many of his customers? An intervention and rehab. He's a drug addict. But there's no sense. that he thinks he's a drug addict. There's no business strategy here. His sales are off between 30%. and 75% across countries. In Europe, they're down 11%. In America. There is no automobile. company in the world whose revenues. are crashing faster than Tesla. Its revenues are down 20%. Ipsos brand rating. is taking the brand from the eighth. most aspirational brand.

in the world to 95th. I don't think Exxon saw. the type of brand erosion. during the Valdez. Disaster that Tesla has incurred. So, if you’re his board at Tesla, if you're at Neuralink, if you're at SpaceX, should they do an intervention? Well, there’s should. and there's the reality. The should. is that when he committed securities. fraud on Twitter, they should have fired him. The reality. is, when he's being sued. concurrently by two separate women. for sole custody of his child,

and it's spilling into the public sphere, the reality. is, when he shows up to a SpaceX. all-hands meeting ridiculously. fucking high, the board should have weighed in. But here's the problem. We all really like money. And his boards have made tens, if not hundreds of millions of dollars, so they all feel. a certain loyalty to him. If someone makes you really rich. and provides your children. with incredible opportunities. and gives you a larger selection. set of mates than you deserve, you're really loyal to that person. And so the fiduciary. responsibility of these directors. has been. we've blown way. past that. Joanna,

If someone gives you 2 or $300 million. to put up with this bullshit, you're going to put up with it. But it's also possible. that I might be looking. at my Tesla shares if I'm a board member, and thinking my worth half. as much as they were this time last year, I need to get this guy into rehab. And also, don't they like him? Isn't there a sense in which. they actually care for him, or does money just trump all of it? Yeah, money trumps all of it. Money trumps all of it. Okay, so what about Brand America? You're living in London now. Europe has obviously...

in the middle of a massive sea change. in its relationship. with America. How has the brand of America. itself changed? Well, if you think about. I always try to look at stuff. through the lens of shareholder value. Price earnings multiple on. the S&P on average. are the 500 best companies. in America is 26, meaning for every dollar of profits. we managed to generate from. our great companies were awarded. with $26 in value. that are used to grow, used to pay employees, used to grow retirement accounts. And in Germany, it's 22.

Japan, 18. Europe... Most of Europe as a whole. is around 15 or 14. China it's 14. Now why do we trade at such a higher. multiple on the same dollar profit? The world sees us as being more risk. aggressive, more willing to take risks. with our capital. It sees more entrepreneurial culture. It sees incredible IP at the hands. of the best universities in the world. It also sees rule. of law and consistency, and also we’re. generally thought of as the good guys. My last company, which I sold for eight times revenues. because one, I'm remarkably. fucking talented, but two,

when I walk into LVMH. or Toyota or Samsung, they're like, oh, he's American. They will uphold their laws. They're generally- they're obnoxious, they're bad imperialists, but they're good guys. At the end of the day, they're trying to do the right thing. This reputation. for consistency and rule of law. has gone out the window. in the last 115 days, and as a result, you're going to see. a giant multiple contraction. where we become more in line. with other markets. I believe that our stock market. will go flat potentially. for the next ten years, because. flows of capital into the US,

which have been extraordinary. over the last 15 years, are beginning to reverse flow. Institutional interest in investing in. the US is at a 30 year low right now. Interest in index funds in Europe. is at a 20 year high. So you're seeing the rivers of capital. flow out because brand America. no longer means consistency. and it no longer means rule of law. If you just look very basically. to the things that defined. the 20th century, it's World Wars I and II. And Germany's big mistake. at a very rudimentary level.

was declaring war. on the world. They declared war on everyone. So Trump's instincts. to isolate China, I think, are. the correct instinct. There is an asymmetric trade. relationship there. They are taking advantage. They steal our IP. But if you really wanted to. isolate China, would you also go to war with. everyone all at once? Would you start declaring war. on Mexico and Canada. and Europe at the same time? Well he's not. Is he actually declaring war. or is he just hogging attention.

and flooding the zone. with bad ideas. that people take too seriously? Well, there's two things there. One, a tariff. These levels of tariff. are a form of economic warfare. They're going to reduce the prosperity. of people all over the world. Well, including America, right. So the definition of stupid. is doing something that harms others. while harming yourself. This this literally fits. the definition of stupid, but. it is going to harm. people in China, people. in Belgium, people in Mexico, people in Canada. don't know how to plan their business. They don't know whether to ramp up.

or ramp down production. They don't know how much money to borrow. based on what. the tariffs might be tomorrow. He has announced tariffs 50 times. or the reduction in tariffs 50 times. So nobody knows how to plan. against their business. Not to your point about whether. this is bluster. The best trade. in the financial markets year to date. has been called the TACO trade. And that is Trump Always Chickens Out. because essentially. he will announce. a trade tariff. against Apple or the EU. Apple or EU industry. stocks go down. substantially.

and then traders. swoop in and go, this is bullshit. He will fold, Right? And the stocks will recover. And that trade has yielded. billions of dollars. And let me go, I'm paranoid. And. this might sound. like conspiratorial theory, but it doesn't mean I'm wrong. I don't believe he really cares about. getting American prosperity back. I think he's invented these tariffs. as a means of creating market volatility. that results in an ability. for him and his cronies to trade. based on material nonpublic information.

and create tens of billions of dollars. in trading volume. When you have the attorney general, the nation's top cop, Pam Bondi, selling her shares. in Donald Trump. media, the morning. that he announces these tariffs, which take the market down, that means all insider trading. criminality is no longer in effect. So, Scott, why. why is it. you pointing this out. and not the Democrats? Because we're. fucking neutered and worthless. because we have.

Charles Schumer who lightens up, brightens up a room by leaving it. And leader. Jeffries, who's a. a good man but should be in the House. We are totally leaderless. and Speaker Pelosi, who herself is engaged. in massive insider trading. We are leaderless. We are the most ineffective resistance. We are the rebel force minus. Luke Skywalker and Chewbacca. We are. we are ineffective. If the election were held today. and I'm embarrassed to say.

this, Trump would likely win again. I think he might win with more votes. Because America has said. we would rather have an autocrat. and a strongman and someone who appears. to be keeping his promises, even if those promises are vile. and bad for us in the long term, than weak whiny bitches, that's who we are right now. We're clutching our pearls. but don't offer solutions, don't offer effective pushback. We are the party. of the strongly-worded letter. Well thanks Senator Schumer. That's going to help out. So yeah, right now.

America has opted for. an autocrat over weakness. And Democrats. are the little definition of weakness. come to life in a party. Well, Trump. also seems to be flooding the zone. with bad ideas. And yet I don't know. what the Democrat ideas are now. I don't know where they stand. on almost anything other than. you can still get canceled. for using the wrong pronoun. That's exactly right. One of my suggestions I'm. addressing the Democratic Congress. tomorrow on a zoom like this one. I think they should propose-.

What even is. the Democratic National Congress? It's a group. I've done it before. It's basically a. a group of Democrats who show up. The last time I talked to them. was about technology and AI, and they do kind of a luncheon learn. where they bring in somebody. who talks about a specific issue. I don't know. The last time I did it about 20. or 30 senators. and congresspeople showed up. I don't know how many people. are going to show up tomorrow, but my basic suggestion is the following. And I have access. to a lot of congressional people. Not because my ideas are good, but. because I'm really fucking rich, which is what it takes.

to get access these days. How rich are you Scott? You talk a lot on Pivot about being rich. How rich are you? I do really well, Joanna. Like what? What you want to know? You just- you introduced. into the conversation. You said, I'm really fucking rich. I'm curious because you talk-. Do you want a number? Of course I want a number! What's the point otherwise? If you're going to declare you're rich, you need to tell us how rich you are. What is your definition. of really fucking rich? Having an absence. from stress, around anything economic. Being able to do. whatever you want and have freedom.

from any economic stress, which in the United States. is a lot of money. So from your point of view, that's a mental place. as opposed to a number. I've spent my whole life. stressed out around... How I was going to take care of my mother. How I was going to have to be able to afford. to have children. How I was going to not have to lay off people. because I'd overinvested. in my own companies. How I was not... First thing I felt when my oldest son. had the poor judgment to come. rotating out of my girlfriend. was shame, because I didn't have money, because I'd fucked up and lost everything.

in the great financial recession. So I've had a. tremendous amount of anxiety. The biggest anxiety in my life. growing up was me, and my mom didn't have enough money, so it's been a huge source of anxiety. So rich for me means the following: One, an absence from stress, and two. it gives me the ability. to do remarkable things. to fly on my plane. to Cannes, leave when I want. Say no to anything that doesn't. sound interesting, and to give money away, which makes me feel masculine. and like a fucking baller. I know you gave a big grant. a $20 million,

I think, to Berkeley. So that gives us some context. All right. Let's get back to the DNC. My proposal’s the following: They should have their own. big beautiful tax bill. The white space for politicians right now. is to be the adult in the room. Come up with your own tax bill. Are we going to raise. taxes or cut spending? The answer is yes. Corporations at their lowest. tax burden since 1929. An alternative minimum tax. against all corporations of 30%. An alternative minimum. tax for anyone over $10. million in earnings.

of 60%. By the way, you lose nothing. if you're making more than 10 million. bucks a year and you lose 60% of it. No decrease in happiness. According to Israeli psychologist. Daniel Kahneman, in every study. done on psychology, we need to massively increase. our tax revenues, and we're going to need to cut. Social Security. We're going to need to raise the age limits. and are going to need the means tested. Joanna Coles or Scott Galloway. should not get Social Security. We're going to absolutely need. to hold military. spending, at level for the next ten years.

Hope that we have 2 to 3% growth. Take our deficit, our annual deficit from 2 trillion. to about 800 billion to 300 billion. And by 2038. have an actual budget surplus again. We'll see. interest rates come down, which will increase the interest costs, which are now greater. than our defense costs. And we need massive expenditures. on vocational training, new housing such that young people. can find someone, fall in love, mate. and have a reasonable chance. of having housing. We need nationalized health care. We pay $13,000 per person. Every other G7 countries.

pay $6,500. for better outcomes, lower. infant mortality, less obesity, 350 million people times. a $6,500 savings over the next 20 years, you'd have to do it gradually, results. in about $2.5 trillion, and we have our budget deficit solved. But we don't want to have a fucking. adult conversation. because Democrats... Basically, Republicans. are here to serve the top 1%. I've uploaded my taxes. into ChatGPT last night, and if this tax bill goes through, I'm going to save $1.4. million this year in taxes.

And Democrats. just want to cater. to special interest groups. by doling out money. and pretending and thinking. that social virtue. is more important. than actually increasing the material. or psychological well-being of Americans. There is an opportunity for someone. to be the adult in the room. and say, yeah, here is our proposal to this bill. And they would dominate the media. or our response to this bill. Alternative to this bill, it would dominate the media. because both Fox and CNN. would hold up. the Big Bad Ass Bill.

or the Big Adult in the Room. Bill versus the Big Beautiful. Bill and say, okay, this is reasonable. These people are being adults. I think America is ready. for an adult conversation, because that $2 trillion a year. in deficit that we are racking up. is nothing but a tax. on your kids and my kids. It's going to come to fruition. in three, five, 10 or 20 years. We are being incredibly. irresponsible, right now. But Scott, you're sounding. like the adult in the room. Why aren't you running? It used to be. that people would go into business. They would make a lot of money,

and then. they would go into public service. Is that something you're considering? I mean this sincerely, Joanna. Look at my life. Would you run for office if you were me? Well, I'm listening to what you're saying. about being the adult in the room. You have a plan. You have what actually sounds. a bit like a stump speech. And I think you would enjoy it. You're very good with people. You love an audience, you're thoughtful. You've run a series of businesses. You've got exactly. what many people would think. is the perfect recipe. for, you know, Senate, for governorship,

even for top job. I want to go to Cannes with you. and have rosé and, you know, make. inappropriate jokes... But you could do that at the White House! Well hold on - I'm going to go... I want to go to Kygo. at the Spotify party. I may or may not do x. I did mushrooms last night. I don't like people. I'm not good with people one-on-one. I should not be running for office. And here's the-. You’re fantastic with people one-on-one. What are you saying? Everybody wants to sit next to you. at a dinner. Scott Galloway. Hold on.

Because the perception. is, is I'm much more interesting. than I actually am. And also, Joanna, to be clear, Senator Michael Bennet, Senator Amy Klobuchar, Senator Mark Warner, Mayor Pete, Governor Whitmer, I'm. a big fan of Governor Newsom. to believe that we don't have. fantastic people already in. the government is just. just to be in denial. Governor Wes Moore, this guy's a fucking baller. This guy's great. Richie Torres, outstanding. My... The way I put. my narcissism aside, I'll be honest.

I had I've had people call me. and offer. to raise me $10 million. if I put in. 10 million to run for president. And I said, I'm not going to win. And they said, no. It's about shaping the conversation. And quite frankly, my narcissism takes over. and I consider it. And then I realize that. if I don't have a vision for America. and I don't want to. sacrifice my lifestyle, and there are other outstanding people, the best, most patriotic thing I can do. is to get on podcast. with Joanna Coles. and use my time, treasure and talent. to get. one of the many outstanding Democrats.

elected to office. That's how I can be the biggest patriot, as opposed to going on my midlife. crisis tour run for president. And I will see. you in Cannes Joanna. and I will be the person there. that'll get fucked up, have a great time. and not worry about being, I don't know, Hillary. Also. I'm sensitive. I'm prone to depression. I don't need Fox News shitposting. me all day long. That would bother me. I'm not one of those people. who things just roll right off of. So for my own pleasure, my own mental health, I have 14 and 17 year old boys.

Can you imagine. what people would say about me. and what they would hear about me? So no, this is-. my job is to get great people elected. Not to not to not to run. All right. Then, the only thing I would say, one of the good things. about Donald Trump being elected. president is it's very clear. that people have now moved beyond. demanding a perfect person. to run in politics. They want someone with energy. and with... with ideas. We may think those ideas. aren't good ideas, but do you? Do you have a favorite, couple of. current governors.

or senators or people out there. that you think would be a good team. to run for 2028? I think there's a lot of outstanding... I'm interviewing, Governor Whitmer. tomorrow or, Thursday on the podcast. I'm bringing governors... Governor Moore on, I'm a big fan. Governor Moron? Oh, Governor Moore. Governor Wes Moore. When you said it, it sounded like Governor Moron. Yeah. That's not good. Yeah. First as governor, last. Wes Moore used to be at Robin Hood. of course. I think America's very looks-ist. I think Governor Newsom gets on the stage. with JD Vance.

And I think every gay. man and woman in America goes, “I like the cut of his jib.”. I think that. he could be our next president. What about what about straight people? Because I totally take your point. about gay America loving Gavin Newsom, but that's not big enough. to get him elected. I think that Governor. Newsom, I'd love to be... And I like the governor a lot. And if he decides to run, I'll get involved in his campaign. No one had heard of Bill Clinton. No one had heard of Barack Obama. But they ran this amazing. process. that vets people. like no other process. We should have let the.

the process run. Instead, we anointed, Secretary Clinton. I still think she would have won anyways, and she was probably the best candidate. for the job. But I'm excited about somebody. I haven't even heard of yet. The Democratic primary, when. we let its freak flag fly, and we have tons of debates and town. halls and find out. who's willing to put up with the bullshit. of talking to some joy bag of donuts. in Iowa and pretending. to give a good goddamn about. corn subsidies. That matures. an outstanding candidate.

And we are-. We haven't- we do-. The Democrats. have a really strong bench. and I will give a little bit of money. to all of them. And as people emerge, I'll get behind them. and I will devote- I'm going to take. the majority of 2028 off. to try and get. a Democratic nominee, elected president. Okay. All right. Fair enough. I wanted to ask. you before we go, you have talked. a lot about elite. universities, and clearly. they're one of the great exports of,

of the United States. Trump has very publicly gone. after Harvard, as we know. You have also gone after Harvard. You've often complained. that it's very limited to get in there. And actually, if they wanted to, they could open their doors and admit. many more students. Where do you think this battle. with Harvard and Trump is going to go? So the reason I'm here with you, and the reason I get to live. the life I live, is because when I applied to. UCLA, it had a 76% admissions rate, and I was one of the 24%.

that got rejected. But I appealed and I got in. The acceptance rate. this year will be 9%. Harvard's acceptance rate is 5%. And they're proud of it. Well, if you're an alumni. and it gets harder to get a degree, the value of your degree goes up. Once you buy a house, you show up to local review. board meetings. and get very concerned with traffic. and get in the way of new. housing permits. It's a rejectionist, exclusionary LVMH strategy. that America has adopted. with elite universities. At the tip of the spear. Harvard has $54 billion in endowment.

They let in 1500 people, which is what a good Starbucks. and Chipotle serve each day. Maybe combined. They could let in 15,000 people. and not sacrifice any quality. So the question is, if you had a drug. that made you more likely. to be wealthy, less likely to kill yourself, more likely to get married, more likely to stay married, less likely to have diabetes, more likely to pay a lot of taxes. And you had a pill. Would you hoard that pill? That pill is called elite. higher education.

And we purposely constrain-. artificially create scarcity. I'm not suggesting. you need to let in everyone, but. Dartmouth has an $8 billion endowment. They let in 500 kids, and it's in the middle of nowhere. They could build buildings. and attract faculty. and have 1000 and 1500. and 2000 kids. And for those of you like me. that are going on college tours, which is nothing but artificially. manufactured, created stress for parents. and middle class households. who aren't as wealthy as me. Who hear fucking Duke in Chicago. talk about a 4%.

admissions rate despite. sitting on multibillion. dollar endowments, these higher these. these institutes of higher education. have to decide the following: Are they public servants. are fucking Chanel bags? I get that you can't let in everybody, but if you're sitting on the GDP of Costa Rica. in the form of an endowment, and you have grown your freshman class. by 4% over the last 40 years, see above: Harvard, you are no longer a public servant. Now, with respect to Trump and Harvard,

under the false. flag of antisemitism. which does exist at elite. universities, they're cutting off. 90% of medical research? or 90% of the funds. they're cutting are medical research. And one of the greatest returns. on investment in history is funding. for medical research, technology research, the results and weapons and the spillover. of those weapons, whether it's DARPA, whether it's GPS. turns into the iPhone or the internet. So this is just stupid. It's a false flag. Trump can't claim. to care about anti-Semitism. and then take a $400 million plane.

from the political mouthpiece. and funder of Hamas. He doesn't give a shit about Jews. and all my Jewish friends. that I went to college with. who voted for Trump? Well, could you have been. more fucking stupid? This guy doesn't give a shit about us. or Israel. Notice how we avoided Israel. or Turkey on his big Mideast tour. Why? Because Israel is a democracy. and is not going to build him a building. in exchange for political favors. So the notion that. this has anything to do. with anti-Semitism. is incredibly cynical. and absolutely false.

They want. they don't care about anti-Semitism. They care about going after what. they see as a center of woke ideology. and distracting us. from what will be. the biggest transfer of wealth. from poor to rich, from young. to old, from the future to the past, which is this tax bill. It will not be held up. It'll be swatted away. in court because it's illegal. And Harvard has a lot of powerful alumni, but it'll get us to look away. It will be a weapon of mass distraction. from this unbelievably stupid. transfer of wealth.

from the young to the old. That may pass in this tax bill. All right. So, Scott, and briefly, if you're Harvard, are. they doing the right thing. Do you like the way they're responding. What would you do if you were running. Harvard. For the first time. in my life, and I never thought I'd do this. when I spoke at the 92nd Street Y. Last month, I wore a Harvard shirt. I think they've taken a real stand here. Joanna, you know these people. 499 of the S&P 500. CEOs think they should be president. They wake up in the morning. and they look in the mirror. and they go, hello, Mr. President.

And here's what leadership is, which is the primary attribute. for being president. It's doing the right thing. when it's really hard. And I'm now going to list. all of the fortune 500 CEOs who spoken up. against the slow burn towards. fascism. and have totally, and want to pay some homage. to the incredible system and fundamentals. and constitutional rights. that have made them billionaires. Here's the list. Okay, we're done. Right? And they have all shown. no leadership under the auspices of, “I need to be a fiduciary. for my shareholders.”.

Well, guess what, Tim Cook, you may not be allowed to marry a man. if this bullshit keeps going on. Well, guess what, Jamie Diamond. This economy might crash. and your kids might have 14%. mortgage interest rates. if you don't grow a fucking pair. and start speaking up against. this fascist. Fascism is bad. for business in the medium. and the long term, even if it's good for you. in the short run, just to stay out. of his crosshairs. and keep quiet and give $1 million. to his inauguration campaign. The lack of leadership across. corporate America is stunning. So I salute.

President Garber. and what Harvard is doing, pushing back and saying, no, we're not down with this. We're going to fight it. It will be swatted away in courts. They do not have the legal authority. to do this. This is about some sort of dystopian. mind control. or going after what they see. as the central. epicenter of woke. ideology. It has nothing to do with anti-Semitism. Do these institutions have a problem? Yeah. They're exclusionary. They have let diversity go. so far out of fucking control. It's turned into antisemitism. and it's turned into, you know, accidental racism.

The snake is eating its tail. But we need more leadership. We need people to stand up and say, hey, we're Nike. Immigrants are important. Competition is important, and what's going on here is un-American. And you know what would happen? A bunch of people with money, i.e. Democrats, would buy. more of their products. The biggest commercial opportunity. of the last decade. is for a company. to step into this void and elegantly say, we are not down with. rounding up citizens. We are not down with rounding up. and putting miners in zip ties.

We are not down. We're taking people with the wrong tattoo. and sending them to concentration camp. And yeah, I use that term. Concentration camp. means a place to send people. such that they don't have. the same protection and rights. from the place you shipped them from. It wasn't an accident. that Auschwitz was in Poland, and nobody is fucking speaking up. And the people I am most disappointed in. is rich Democrats. who clutch their pearls. in private at dinner parties. But don't say a fucking thing. because they know. we're all about to get richer. with this tax cut. This is an unholy alliance. between Republicans in the president.

and the top 1% of Democrats. But that's not the only reason. that people don't speak up. It's because Trump. targets people. and he gets them on X, he gets an honorary social. He frightens them. And people have become weirdly. frightened of an online. digital mob. I find it very difficult. to understand. Okay, but. what's the point of having money. if you're going to kowtow? Steve Bannon. said on his his podcast. that the Trump administration. should sue me. Okay, guess what?

I have enough money to shove a, you know, to shove a digital. wallet up my ass and peace out. to Dubai. with tens of millions of dollars. No woman in my life. is never going to have access-. not have access to family. I could be in deepest, reddest Mississippi. And if someone in my life. becomes pregnant, I can handle it because I have money. America's rights. and constitutional protections. have become a function. of how much money you have. The top 1%. are protected by the law, but they're not bound by it. Where as the bottom 99%. are bound by the law, but not protected by it.

Scott, you must, like I am... be very cognizant of people. who've got plenty of fuck-you money, who are very fearful of Donald Trump. They're fearful of him. meddling in their business. They’re fearful of. him targeting them online. Yeah. And if people in every society. that has fought back against apartheid. or fascism... An autocrats playbook. is to reward your supporters. with billions of dollars, let them insider trade, support their crypto scams, pardon them if they give you. $50 million,

and to try and intimidate. and threaten people who speak up. So again, it's it's. yeah, it's. never the wrong time. to do the right thing. And leadership. is doing the right thing. And I realize I'm doing a lot of virtue. signaling right now, but I have. so I have such an incredible life. because of the freedoms and protections. and opportunities. that people who have made. these types of sacrifices. If the wealthiest Americans. who think this is bullshit. and a slow burn towards fascism. don't speak up,

then they're essentially. desecrating the memory. and the fortune. that has gotten them to this place. So I... there's such a lack of courage. and cowardice. Also just let me be sexist here. Where are the fucking men Joanna? The whole point of prosperity. is to protect people. It's not even women are under attack. It's more mendacious than that. It's poor women. It's an attack on poor people. And what's the point. of pretending to be masculine. and aggregating resources. if you can't protect people? Where are the fucking dudes here?

Joanna? You and me are both asking that question. I think they're sitting on their. bed holding the money. under the mattress and keeping. very quiet indeed. Scott, it's a great pleasure to see you. I know you're running off. to see Piers Morgan. Please give him my best regards. and I look forward to seeing you in Cannes. See you in Cannes, Joanna. Thanks for your time. At the Hotel du Cap, my friend. Hotel du Cap. You know it most! Congrats on your success. And to you. And to you, Scott. Very nice to see you. Thank you very much. And run for office, Scott.

Run for office. Three words. Run for office. I think Scott should run for office. I think he's got the brain power. I think he's got the success behind him. And I think he's. got the disruptive instincts. that the Democratic Party. actually needs right now. But I do think one of the advantages. of having Donald Trump. in the white House. is that we've gone past the point. where we have to have. perfect people in power. So Scott enjoys a drink, he wants to go to Cannes,

he wants to hang out with rock stars. Donald Trump's hanging out with Kid Rock. If you have been, thank you for joining us. And don't forget to leave us. a comment on YouTube. We try and look at all of them. I respond to as many as I possibly can. They're very helpful for figuring out. what questions to ask. and what you're interested in. And I love. mini conversations. that go on between listeners. Don't forget to subscribe to. The Daily Beast. It’s super simple. Just go to Daily beast.com. and don't forget:

Be Beast. This podcast was produced by Devin Rogerino. and Anna von Oehsen.