The $84 Trillion Wealth Transfer + The Real Value in Prediction Markets

If you work in university maintenance, Grainger considers you an MVP because your playbook ensures your arena is always ready for tip-off, and Grainger is your trusted partner, offering the products you need all in one place from HVAC and plumbing supplies to lighting and more, and all delivered with plenty of time left on the clock so your team always gets the win. Call 1800, visit grainger.com, or just stop by. Granger, for the ones who get it done. Burn your five pound weights. I'm Robert Arson. I'm an athlete and fitness instructor, and I am telling you, unless you have been limited to lighter weights by a medical professional, they're honestly inexcusable. You need to be lifting heavy, and I'm talking especially to the women out there. Fucking toned arms. What can your body do? This week on Project Swagger, what heavy means and rules to bring into your routine. Listen now. Welcome to Office Hours with Prop G. This is the part of the show where we answer your questions about business, big tech, entrepreneurship, and whatever else is on your mind. If you'd like to submit a question for next time, you can send a voice recording to officehours@propgmedia.com. Again, that's officehours@propgmedia.com. Or post your question on the Scott Galloway subreddit, and we just might feature it in our next episode. Question number one. Hi, Scott. This is Pat from Boston. You talk a lot about how there's a greater concentration of wealth among retirement age Americans than at any other point in history. As someone who's both a well off and a father who presumably leave an inheritance to his children, what is your thought on the current estate tax, given as a $15,000,000 lifetime exemption, 30,000,000 if you're married? Do you think that a more aggressive estate tax is healthy for a meritocracy? And secondly, do you think that given we're about to experience the greatest generational wealth transfer in history, we're currently in a unique opportunity to attack the federal deficit by taxing that transfer? Thank you. Thanks for the question, Pat, from Boston. It sounds like we're brothers from another mother. Look, what do we know? We know that we are recklessly spending money. We're spending $7,000,000,000,000 a year on 5,000,000,000,000 of receipts. That is our government spends 7,000,000,000,000 and collects 5,000,000,000,000. That's not sustainable. We need some massive money printing inflation. And at some point, someone has to pay that money back or it crowds out other investments in technology and education that have a greater ROI because we're busy sending so much money to seniors who keep electing other seniors to vote themselves more money. So just some data, the one big beautiful bill signed July 2025 made the estate tax exemption permanent, 50,000,000 per person, 30,000,000 per couple. The bills estate tax expansion is estimated to add 212,000,000,000 to the deficit over the next ten years. Oh, yay. More deficits. The estate tax currently hits fewer than one in …