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The Prof G Pod with Scott Galloway

Breaking Up Big Tech

The Prof G Pod with Scott Galloway

Vox Media Podcast Network

Careers, Entrepreneurship, Business

4.64.1K Ratings

🗓️ 1 October 2020

⏱️ 59 minutes

🧾️ Download transcript

Summary

Zephyr Teachout, an attorney and associate professor of Law at Fordham University, joins Scott to discuss monopoly power and antitrust as it relates to the U.S. economy and her latest book, “Break 'Em Up: Recovering Our Freedom from Big Ag, Big Tech, and Big Money.” Follow Zephyr on Twitter, @ZephyrTeachout. Scott opens with what we can learn from Trump’s tax returns and his thoughts on Palantir. Office Hours: cannabis delivery services, keep an eye on the Fintech space, and diversifying your portfolio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Episode 29 celebrating episode 29 like we're leap your baby Saturn orbits around the Sun every

0:06.9

29 years. Why is Saturn so awesome? It's the rings that bring texture and personality

0:11.6

What is your texture and personality? Mine is that I like to wear dresses because I have more legs in a bucket of chicken

0:17.6

Let's can't see this bitch and ask the world to love us. Don't judge us go go go

0:31.0

Welcome to the 29th episode of the prof g show and today's episode we speak with Zeffra Teachout an American attorney author and associate professor of law

0:40.9

At Fordham University where our president went he doesn't talk a lot about Fordham went to Fordham for two years and then transferred

0:47.6

To Wharton and boy are they excited that he's an alum there?

0:50.2

Anyways, we discussed the state of play around monopoly power and antitrust as relates to her latest book

0:55.4

Break them up recovering our freedom from big ag big tech and big money. Okay, what is going on the New York Times dropped one of the

1:03.4

deepest investigations into Trump's finances this week and found that he's paid just

1:07.7

$750 in federal income taxes and 16 and 17

1:11.2

He also paid no income tax and 11 of the 18 years at the times

1:14.9

Looked at his tax returns. How did this happen the time says by using the proceeds of his celebrity to purchase and prop up risky businesses

1:22.8

Then wielding their losses to avoid taxes the investigation revealed that most of Trump's businesses reported losing millions

1:30.4

If not tens of millions of dollars a year after a year who would have thought get the golf wouldn't be a great business

1:36.1

So then the next four years

1:37.9

Trump will need to pay more than three hundred million dollars and loans or I should say pay back

1:42.1

I've heard the numbers as high as half a billion. What's the learning here?

1:45.6

Simple

1:46.7

Trump is one of the worst business people

1:49.7

In history and there's a difference there's tax avoidance

1:54.1

Anybody who makes over a hundred grand a year and any corporation engages in tax avoidance

...

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