The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 86 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 2 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Galloway: Loneliness and political extremism threaten society more than climate change
“I think the biggest threats to our society aren't climate change or even income inequality. I think it's one extremism from the far left and the far right, and two, I think it's loneliness.”
Galloway: Regulators should break up dominant companies across all industries
“So I would argue the way to oxygenate the market would be to go through industry by industry and break up”
Galloway: The entire hedge fund and alternative investment industry is a grift
“But if you took the entire alternative investments industry, any logo on CNBC, anyone that advertises, any hedge fund, anywhere, it's essentially a grift.”
Galloway: Elon Musk is not a good role model for men
“I think he's not a very good role model for men.
I don't think living alone with none of your 12 children by three women with a loaded gun next to your bed is what men should aspire to.”
Galloway: Elon Musk has been a net good for the world
“I think he's been a net good for the world. Inspired the EV race, the space, I mean, seeing that rocket, that booster rocket captured on it as it's falling, that shit's just inspiring.”
Galloway: Elon Musk is not a good role model for men
“I think he's not a very good role model for men. I don't think living alone With none of your 12 children by three women with a loaded gun next to your bed is what men should aspire to.”
Galloway: US policy drove an intentional wealth transfer from young to old
“There has been a purposeful transfer of wealth from young to old over the last 40 years.”
Galloway: Foreign Buyers Will Abandon US Treasury Auctions, Spiking Rates
“At some point, the Chinese or whoever aren't going to show up for one of our treasury auctions, and interest rates are going to skyrocket, and you're going to have, you know, shit's going to get real pretty fast.”
Galloway: Extremism and loneliness are bigger societal threats than climate change
“I think the biggest threats to our society aren't climate change or even income inequality. I think it's one extremism from the far left and the far right, and two, I think it's loneliness.”
Galloway: Alternative investments and hedge funds are essentially a grift
“If you took the entire alternative investments industry, any logo on CNBC, anyone that advertises, any hedge fund, it's essentially a grift. And what they, if you look at their performance, they've exactly underperformed the S&P by the amount of their fees.”
Galloway: Underpaid young talent is corporate America's second-biggest arbitrage
“The ultimate arbitrage in our economy is fossil fuels, but the second of that is finding young, super hardworking, super talented people who are better with technology and paying them 30% of what you're paying Bob, who's a forty-year-old, and they do 90, they …”
Galloway: Elon Musk is not a good role model for men
“I also think he should be held accountable for his coarseness and his cruelty. I don't think you attain that level of power such that you cannot pay people their legally obligated severance. I don't think you accuse an employee of being a sex criminal such tha…”
Galloway: 30-Year-Old Americans Are Less Wealthy Than Parents Were at 30
“The average seven year old is 72% wealthier than they were 40 years ago. The average forty-year-old is 24, a person under the age of 40 is 24% less wealthy, and for the first time in our nation's history, a thirty-year-old man or woman isn't as wealthy as his …”
Galloway: Harvard Grew Endowment 4,000% While Class Size Grew 4%
“Harvard, fifty-four billion dollars in endowment, It's grown its endowment 4000% in the last 30 or 40 years, up forty-fold. It's grown its freshman class size four percent.”
Galloway: Mississippi Average Household Income Equals or Exceeds UK and Germany
“If you take the poor state, Mississippi, the average household income there is still the same or higher than it is in the UK, Germany, South Korea, Japan.”
Galloway: Corporate Taxes Lowest Since 1938, Top 25 Pay 6% to 8%
“Corporations are paying the lowest tax rate since 1938. The super rich, not the near rich, but the super rich, the wealthiest 25 Americans pay an average tax rate of six to eight percent.”
Galloway: Failed US Treasury auctions will eventually cause interest rates to skyrocket
“At some point, the Chinese or whoever aren't going to show up for one of our treasury auctions, and interest rates are going to skyrocket, and you're going to have, you know, shit's going to get real pretty fast.”
Galloway: 40% of US government spending goes to seniors, heading to 50%
“40% of all spending right now, government spending, goes to seniors. It's about to be 50%, which lowers the amount of money we can invest in technology, R&D, and education, which have a much bigger payoff.”
Galloway: Career Passion Comes From Mastery and Economic Security
“Passion comes from artistry, mastery, and economic security.”
Galloway: The US Corporation Is the Greatest Wealth Creator in History
“If you have access to corporate America, the US corporation is the greatest wealth creator in history.”
Galloway: Business School Is for the 'Elite and the Aimless'
“I describe business school for the elite and the aimless. Ooh. You're good at what you do, you're smart, you want to make money, you're disciplined, but you have no idea what you want to do. We all try to sound very focused in our business school applications,…”
Galloway predicts 3:2 ratio of female to male college grads within five years
“In the next five years, there's going to be three female college grads for every two male college grads.”
Galloway: 66% of women under 30 have boyfriends vs 33% of young men
“Two out of three women under the age of 30 has a boyfriend. One out of three men under the age of 30 has a girlfriend. Why? Because women are dating older.”
Galloway cites extreme disparities in male suicide, addiction, homelessness, and incarceration
“Young men are four times as likely to kill themselves. They're three times as likely to be addicted. They're three times as likely to be homeless. They're 12 times as likely to be incarcerated.”
Galloway: Signaling resources is the primary factor attracting women to men
“Women are generally attracted to men for three reasons. The third is kindness. They want someone who's going to be a long-term partner. The second is intellect. If you're funny, really lean into it because the fastest way to communicate intellect and men who m…”
Galloway: Historically 80% of women procreated versus 40% of men
“80% of women have procreated. It's only 40% of men throughout history.”
Galloway: Hiring hardworking young talent is corporate America's ultimate labor arbitrage
“The ultimate arbitrage in our economy is fossil fuels, but the second of that is finding young, super hardworking, super talented people who are better with technology, and paying them 30% of what you're paying Bob, who's a 40 year old, and they do 90, they ad…”
Galloway: Major tech companies are built on taxpayer-funded technology
“Every one of these companies is built on a technology that was funded by American middle class taxpayers, whether it was DARPA, whether Elon Musk got a three hundred fifty million dollar tax-free loan.”
Galloway: 30-year-olds are poorer than their parents were at 30
“And for the first time in our nation's history, a thirty-year-old man or woman isn't as wealthy as his or her parents were at 30, which in my opinion is a fundamental breakdown in the compact we have between us and America.”
Galloway: Elite universities constrain supply to create billionaires, not millionaires
“The artificially constrained supply among the elite institutions, and the kind of gestalt in America is that we want to identify a super class of freakishly remarkable kids, and then turn them into billionaires. As opposed to trying to let in as many kids as p…”
Galloway: Harvard grew endowment 4,000% while class size grew 4%
“So Harvard, fifty-four billion dollars in endowment. It's grown its endowment 4000% in the last 30 or 40 years, up forty-fold. It's grown its freshman class size four percent. So it admits 1500 kids on 55,000 applicants.”
Galloway: Mississippi's Average Income Matches or Exceeds the UK and Germany
“So, for example, if you take the poor state, Mississippi, the average household income there is still the same or higher than it is in the UK, Germany, South Korea, Japan.”
Galloway: Corporate Tax Rates Are at Their Lowest Since 1938
“Corporations are paying the lowest tax rate since 1938.”
Galloway: Top 25 Wealthiest Americans Pay 6% to 8% Tax
“The wealthiest 25 Americans pay an average tax rate of six to eight percent.”
Galloway: Top 2% Pay Roughly 90% of Federal Income Taxes
“The bottom 50% pay almost no federal income tax, and the top two percent pay about 90% of the taxes.”
Galloway's average tax rate over the last decade was 17%
“Once you make the jump to light speed, and you can have the privilege I have, where I basically buy and sell assets to make a living, I start companies, I sell them, I piece out to Florida because I have that kind of mobility, my average tax rate the last 10 y…”
Galloway: Economies Become Inefficient When Government Spending Exceeds 32%
“Government, when an economy goes above sort of 30, 32% of spending is the government, it just becomes very inefficient.”
Galloway: US Spending on Seniors Is Rising from 40% to 50%
“40% of all spending right now, government spending, goes to seniors. It's about to be 50%, which lowers the amount of money we can invest in technology, R&D, and education, which have a much bigger payoff.”
Galloway: Business School Is for the Elite and Aimless
“I describe business school for the elite and the aimless. You're good at what you do, you're smart, you want to make money, you're disciplined, but you have no idea what you want to do. We all try to sound very focused in our business school applications, but …”
Galloway: Urban women under 30 earn more than men
“Women under the age of 30 in urban centers are making more money than men.”
Galloway: Female college grads will outnumber males 3 to 2 within five years
“In the next five years, there's going to be three female college grads for every two male college grads.”
Galloway: Young men face vastly higher rates of suicide, addiction, and incarceration
“Young men are four times as likely to kill themselves. They're three times as likely to be addicted. They're three times as likely to be homeless. They're 12 times as likely to be incarcerated.”
Galloway: Amazon increased third-party seller take rate from 20% to 45%
“Amazon, 20 years ago, if you were a third-party marketer or a third-party reseller selling your products on Amazon, they took about 20%. Of your gross dollar volume, now they take 45, because they kind of own the market.”
Galloway: Google's existence is a direct result of Microsoft antitrust action
“So if there hadn't been a DOJ ruling against Microsoft in 1999, we'd all be saying, I don't know, bang it. Google is a function of antitrust.”
Galloway: Older Generation Receives $1.3T Annually in Social Security
“The wealthiest generation in the history of the planet gets 1.3 trillion dollars a year in the form of Social Security.”
Galloway: Homeowners Have Zero Incentive to Approve New Housing Construction
“Putting housing permits or taking them out of the hands of officials and putting them in the hands of homeowners, you have absolutely no incentive to ever approve housing if you're a homeowner. Because an absence of new housing makes your house go up in value.”