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Prof G Markets

How To Actually Tax The Rich — ft. Ray Madoff

Prof G Markets

Prof G Media & Vox Media

Entrepreneurship, Investing, Business

4.31.4K Ratings

🗓️ 22 May 2026

⏱️ 67 minutes

🧾️ Download transcript

Summary

Scott Galloway and Ed Elson sit down with Ray Madoff to break down how America's wealthiest avoid taxes — legally. They dig into the biggest loophole the ultrawealthy use to their advantage and discuss what it would actually take to fix a system that was designed to fail. Ray Madoff is a professor at Boston College Law School and the author of The Second Estate: How the Tax Code Made an American Aristocracy. Get your tickets to the Prof G Markets tour Subscribe to the Prof G Markets Youtube Channel  Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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Today's number five. That's a number of days left until property markets kicks off its live tour

1:39.6

and a sold-out show in San Francisco. Tickets are still available in Chicago, Los Angeles, and Miami.

1:49.9

Listen to me.

1:50.7

Markets are bigger than us. What you have here is a structural change in the world distribution.

...

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