Raging Moderates with Scott Galloway and Jessica Tarlov Trump’s Trade War in Limbo
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Jun 3, 2025 Scott and Jessica dive into the recent court rulings on Trump's tariff powers and the implications for the budget reconciliation bill. They discuss the administration's clashes with elite universities and reflect on the widening gap between political elites and ordinary Americans. The duo also debates public trust in current leadership and the potential consequences of Medicaid cuts. With a light-hearted twist, they explore 1990s pop culture alongside serious discussions about wealth, education, and immigration policies.
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The 'TACO' Trade War Grift
- Trump's trade threats often cause market chaos but he usually backs down, a pattern dubbed 'TACO'.- This volatility benefits insiders who trade based on leaked information, turning tariffs into a massive grift.
Economic Damage from Trump’s Grift
- Trump's administration weaponizes tariffs and insider trading to structurally weaken the U.S. economy.- This erodes trust in financial markets, reducing capital access and harming economic growth.
Obsession with Money is Key
- Take financial security seriously by dedicating time to understanding tax laws and investment strategies.- Constantly manage your money because wealth accumulation depends on persistent attention and action.