Personal Investment Strategies, Effective Public Policies and Should We Tax AI?

Support for the show comes from Retool. Too many companies run critical operations on duct tape spreadsheets, slack workflows, and whatever else they could cobble together. Not because they want to, because building internal tools means weeks of waiting on someone else's backlog. That's where Retool comes in. Build custom internal tools just by describing what you need. Prompt something like, build me a revenue dashboard for our Salesforce data. And Retool actually built it. On your company's data in your cloud with enterprise security built in. Go to retool.com slash pivot. We all need to retool how we build software. The standard is not enough. It's time for more. The new Acura ADX is crafted to ensure that every detail goes above and beyond. So what does that mean? It means more tech, with a premium sound system and available Google built in. More excitement with an available panoramic moonroof? Who are you? That's what it means to get behind the wheel of the Acura ADX. Get on the road and experience more than you ever thought possible. The new Acura ADX. Craft it for more. Explore the Acura ADX at Acura.com. Support for the show comes from OnePassword. A password manager should be the first security purchase you make for your team. Why? Because compromised passwords are the number one way bad actors attack companies. And small businesses are their favorite targets. But unlike a lot of security challenges, passwords actually have a pretty simple solution. OnePassword lets you manage all your business credentials so you can feel confident that your data stays secure as your company grows. Find out more at OnePassword.com slash podcast offer and start securing every login. I'm spending money like a 50s gangster just diagnosed with ass cancer. Hi everyone, this is Pivot from New York Magazine and the Vox Media Podcast Network. I'm Cara Swisher. And I'm Scott Galloway. And Scott, this is our end of the year listener mail episode. We're probably both elsewhere doing fun things. But are you ready to hear some emails and voicemails from our lovely listeners who, by the way, we have a full new appreciation for after meeting so many of them on our Pivot live tour. I really enjoyed that. Are you ready? Yeah, yeah, ready. Okay. Okay, Scott, let's kick off with a question about taxing AI. Let's listen. Hi, this is Lynn. I've been wondering as artificial intelligence continues to replace human jobs, do you think we'll ever see a tax on AI itself or on the companies that use it as a way to offset its impact on displaced workers? And with that in a sense become a new way of taxing the rich. Of course, this would affect 401Ks on a larger scale. Thank you. Bye. Gosh, Lynn, what a great question. Actually, I'm going to start. You know, many years ago Bill Gates sort of set off a kerfuffle when he talked about taxing robots if they become workers, the same way, because you're not going to get those money that you get from human workers. And so they should be taxed the same way. I hadn't really thought about it about AI, Scott. I think you're more qualified to answer this. I don't know if that's true. My view around taxation is that the moment you start taxing specific industries, you weaponize special interest groups to come to their defense, and you also create some confusion around like is Oracle AI? You know, at what point what qualifies as an AI company and not an AI company? Is Microsoft an AI company? But I'm a big fan of, and I think that the caller is alluding to, I want to go back to Reagan era taxation. And that is there's no difference between, I think the capital gains tax deduction is nothing but a transfer of wealth from young to old, because somehow we've decided that sweat is less noble than money. And that is the money I make on money gets taxed at a lower rate than the money that young people make on sweat. So I would like to see an elimination of the capital gains tax deduction and raise those rates to current income and restore a progressive tax structure. In my view, you do it across all income and all firms, because I think the moment you start getting into this notion of let's put a super tax on this type of firm, I think you regulate them. I think you have an EPA, you have an AI act, you have privacy, you have laws. But in terms of taxation, I just think you say, look, above a certain level of profitability when you sell a stock, you pay this much in tax. I think taxes need to go up. I think we need to do away. We need to raise long-term capital gains from 21 to 37%. It makes no sense. And I'm paying lower taxes than people actually working for a living. But I think you apply it to every company because a lot of, for example, the AI boom is going to make a lot of people in the construction industry very, very rich. It is. That's one group of people that are benefiting. Yeah. Would you tax them? Right? Would you tax? Oh, my out of... There's so many loopholes right now. The only way we get there is with an AMT. There should be an AMT. Anything about $10 million? And anything about $3 million? You pay a federal AMT of 40%. Because what happens is guys like me weaponize the tax code and do $1202 in buy assets. And we end up paying high teens and tax rates. So the stated... We focus too much on tax rates, not on the tax code and enough already. There is no reason why someone working for money should be taxed at a higher rate than someone who is making money from investments. Although I don't think they're taxing robots if they're workers. I don't know. It's an interesting one. Yeah. Yeah. I just... When he said it and I thought, oh Bill Gates and I thought, oh, actually he's really smart. I forgot. Anyway, it's an interesting question. We have to deal with all these things and what happens with displaced workers and how we're going to pay for that or get them different jobs. So there's going to be a lot of rethinking of all the way the workplace is taxed, how it's conducted, what people get paid. And obviously the damage that some of this AI is going to do, there's going to have to be some mitigation. Okay, Scott. Next question. This one is a tough one. Let's listen. Hey, Scott and Cara. I'm Liam, high school senior from New York, and I want to ask the following. America certainly has a fair share of economic and social problems, but a lot of the time these problems stem from the same causes. Too often though, our politicians create costly bandaid solutions rather than trying to address the underlying issues. So my question to you guys is, if you could implement one single policy to try and solve the most problems at once, what would it be? Thanks for taking the time to answer. Wow. That's a great question. I hate that. Just one thing, if I'd pick $25 minimum wage. I like that. Let me explain very quickly. Because I think this all votes, if people get paid more, they'll spend more. It creates a better economy. I know there's initial costs for businesses that have these things, but it creates people that can do a living wage. They spend money. They want to do things. They lean into the future. It would be great. The second one would be eight million houses, more housing. Go ahead. Once a program, when it's structural or legislative, I do think a lot of this reverse engineers to, in terms of inability to get things done to Citizens United, if I could overturn Citizens United, I think a lot of our problems stem from the weaponization of Washington by corporate interest and corporate money. Oh, wow. And then. Wow, Bernie Sanders. I like that answer. Well, I mean, it's just true. There's more full-time lobbyists living in D.C. working for Amazon than there are sitting U.S. senators. But a close second, mandatory national service, universal child care, lower Medicare eligibility by two years a year for 10 years until three quarters of America has essentially socialized medicine. I could go on and on. Yeah. I love it. I love that answer. I was not expecting it. Boy, that came out. Left field there, Scott. All right, Scott, let's take a quick break and we'll be back with more listener questions. Support for this show comes from DeleteMe. DeleteMe makes it easy, quick and safe to remove your personal data online at a time when surveillance and data breaches are common enough to make everyone vulnerable. When you sign up, the experts at DeleteMe do the heavy lifting of wiping you and your family's personal information from data broker websites. This isn't a one-time service. DeleteMe sends you regular personalized privacy reports showing what info they have found, where they found it, and what they removed. I've tried DeleteMe. I use it all the time and I've found incredibly amount of information about me out there. A lot of it inaccurate, but all of it compiled in a way that's really disturbing. You don't have to take my word for it, though. Last year, the New York Times Wirecutter named DeleteMe, their top pick for data removal services. Take control of your data and keep your private life private by signing up for DeleteMe. Now at a special discount to our listeners. Get 20% off your DeleteMe plan when you go to joindeleteme.com. Slash pivot and use the promo code pivot at checkout. The only way to get 20% off is to go to joindeleteme.com. Slash pivot and enter the code pivot at checkout. That's joindeleteme.com. Slash pivot code pivot. Security program on spreadsheets, new regulations piling up and audit dread. It's time for Vanta. Vanta automate security and compliance, brings evidence into one place and cuts audit prep by 82%. Less manual work, clearer visibility, faster deals, zero chaos. Call it compliance or call it, calm compliance. Get it? Join the 15,000 companies using Vanta to prove trust. Get started at vanta.com slash calm. Support for this show comes from Indeed. If you're looking to hire top tier talent with expertise in your field, Indeed says they can help. Indeed Sponsored Jobs gives your job the best chance at standing out and grants you access to quality candidates who can drive the results you need. Spend more time interviewing candidates who check all your boxes. Less stress, less time, more results. Now with Indeed Sponsored Jobs and listeners of this show will get a $75 sponsored job credit to help get your job the premium status it deserves at indeed.com slash Fox Business. Just go to indeed.com slash Fox Business right now and support our show by saying you heard about Indeed on this podcast. Indeed.com slash Fox Business. Terms and conditions apply. Hiring, do it the right way with Indeed. Scott, we're back. The next listener wants to know what we're doing with our money. Let's listen. Hi Scott and Kira. It's Eric from Brooklyn. Scott, you talk a lot about how you spend, how you invest, and I imagine how you save. Kira, you don't and you come off as maybe a bit more frugal. Can you share a little bit about your investment, spending and saving philosophy and the contracts in your charity success? Thank you so much and I hope we'll see you soon. Gosh, thanks Eric. A little personal. I am not, I don't think about money a lot. That's my problem. I'm not interested in it and I make a lot of money. I do, especially for a journalist. I'm like daddy warbucks, a journalist in that regard. But I would say I save a lot. I have a lot of savings and I diversify. I'm sort of your basic person, basic bitch of investing. I have bonds. I've got quite a bit of real estate that I hold on to. It's for savings. Scott calls it. I don't spend a lot of money. I really don't. It has nothing to do with me being frugal. I just don't, I don't like buying a lot of stuff. I'm wearing the same, all my clothes. I've had for 20 years. I don't buy a lot of clothes. I don't buy drugs. I don't go out a lot. You don't buy drugs? Where did that come from? Well, no one here buys drugs. Maybe you. I don't buy, like I don't drink. I don't party. I'm trying to think like what costs money. I have a Chevy Bolt like an IKEA, so I don't really care about cars. You're the primary breadwinner and a family of four or six people. Yeah. I mean, that in itself is, mommy's got to make real money. Mommy's got to make real money. And so that's spent on the kids. I definitely get them through college. And but I did those savings plans for college for my boys and I'm doing them for my little kids. That worked out really well, actually. I didn't have to think about it. And I did that 20 years ago for my older kids. Anyway, I have a basket of stocks. I've got real estate. I'm very diverse. I have a lot of cash right now. I really do. And I thought for a second of going into Bitcoin, but and when Scott said it and then I thought I can't, I don't have the tolerance for it. It's because I need cash around. I have way too much cash compared to what I need. But I like to have it. I'm one of those sort of people. I do spend money on a couple of things. I mean, I always get first class. I fly well, you know, I don't have a private plane, but I would love to have one. But I'm sorry to say that people who love to save energy, but I think they're wonderful. And I will upgrade all the time, like upgrade hotels and things like that. So I got old very early and then I'm like, I didn't want to be in bad food. I didn't want to stay in bad places. I suppose if I spend on anything a lot, it's vacations. I really, I do, but I'm still more frugal than Scott. Scott is real. I really admire Scott's vacation spending. I don't know, Scott, what do you think? Well, you know, I think a lot about this. One of my addictions is money. And that is I continue to be too focused on it to the detriment of my mental health. And it takes time away from my family. I grew up with a scarcity of money until, you know, I got through my senior college on top ramen and bananas. That's not an exaggeration. I was in student debt, you know, even at the age of 27, I was not traumatized, but I had a difficult time paying for my mother's health care. So I've been very focused on money and got very lucky. And that's not a humble brag. I think I'm a monster. I think I'm talented and hardworking, but I did get lucky. And now I am, by most people's standards, wealthy. My approach to spending money is that we don't own money. We rent it. And I also, you collide that with my atheism. I believe that this is all coming to an end pretty quickly for me. So I spend a great deal of money. I spend between three and $400,000 a month. I own homes all over the world. I have a plane and I spend most of my money on homes and experiences. Not gifts for Kara, just to be honest. But along those lines, the way I try and keep and check is I think hoarding money is a virus. When I hit my number eight years ago, I decided anything above that number I would give away. And what I do each year is I look at my total spending and I match it and I give that amount of money away. And it keeps my net worth has not increased in eight years. And because I think hoarding wealth is a virus, there's no reason anybody needs to be a billionaire. But I can't stand it when wealthy people aren't good at spending money. I have an amazing time. I do things for my friends and family to get us all together in the same place. I never let money get in the way of a good time. I'm spending money like a 50s gangster just diagnosed with ass cancer. I think it's a nicer way of putting it. Scott is very generous, let's just say, to employees. Scott's a very generous person. But we don't own money. We rent it. And I'll give my kids some money, but there's no reason why my kids need to inherit tens of millions of dollars. So I'm going to spend it all on people I love and experiences and take advantage of capitalist society. And I'm also going to give a shit ton of money away to make sure that the things that made me rich are still available for younger people. So I love making money. I love spending it. I stopped making it eight years ago and I anything above a certain level, I give away in terms of my investments. I'm pretty well diversified. My quote unquote investment strategy is the following. I think income inequality, unfortunately, is only going to get worse. And what I find is that people worth over $100 million are the most homogenous, boring people in the world. And that is they all want to party in St. Bart's. They all want to buy our mess. They all want to send their kids to elite colleges. And they want to live in one of five areas. They want to live in Dubai, London, Palm Beach, New York or Aspen. And I bought homes in all of those places except for Dubai. Big homes and the way I refurbished them and what I tell my contractor, my decorator is pretend Jeff Bezos is going to buy this home. Because the world is going to produce thousands of billionaires over the next 20 years. And by the way, I think it's a terrible thing about our society. I will vote for people to try and reverse that. But the free gift would purchase is that these homes, I want to make it impossible for my boys to avoid me. And the conversation when they're say at UC San Diego or something, we can go to Tijuana with our friends and eat lobster or we can go to Aspen. But we have to have dinner with my dad. I'm hoping that they'll say, yeah, let's go hang out with dad. Oh, that's a surprise. I spend a shit ton of money. I love it. I give it away. It's not it's not virtue. It's not ethics. It makes me feel strong. It makes me feel masculine. It makes me feel American. But I'm planning to not increase my net worth. There's no reason anybody needs to be a billionaire. It's not going to make any happier. What's going to make you happier is doing amazing things with people you love and doing nice things for other people. And I spend to that and I very much enjoy it. And money is something money is something I think a lot about because I didn't have a lot of it growing up. It's still a very big issue in my life. Yeah, it's interesting because I grew up with a lot of money. And so I guess I don't care. I've always had money. You think about money less than almost anybody I know. I know. You get mad at me because I don't. I don't. I have enough. I like I don't. Also, let me point out my mom was a spendthrift and it upset me and made me most my brothers and I are very hard workers and we don't spend a lot of money. All of us are very like my brother built a beautiful house in Pennsylvania where he lives and it's beautiful and he didn't. It's gorgeous and he loves it. And so that's what he spends money on. And I love that because I feel like it was money well spent because he enjoys it and it's quite beautiful. It's beautiful setting. So we always spend money on homes but not extremely like not like ridiculously. Same thing with Jeff's has a beautiful home. I have a beautiful home. You live well not opulently. It's the way I would describe it. No, not at all. No, people are always surprised. I also I would have the luxury of not having to worry about money early in my life. But I there was a lot of my mom being such a spendthrift. She was always out of cash and she always had to scrounge for it from and trick people get her dad to write her a check. And I found that grotesque. I did. I was like, I'm always going to have enough money. And I had money from a very early age because my dad died. It was an insurance thing. And I got ahold of it when I was 18 and I have not. I didn't want my mom near it because she was she would she spent a lot of our money that we got from my dad. And so I've had control of my money for years. So I just don't care about it enough. I just don't. I just I wish I did. I want my boys to work hard, my older boys to work hard. And I think they do. Both of them are really hard workers. And again, just like Scott, they're going to get the houses is what they're going to get, which I love the house. So it's something like that. All right, Scott, let's get to a question about parenting. Let's listen. My name is Lisa. I'm the mother of a 17 year old boy and a 13 year old girl. Two years ago, their father died unexpectedly. Tara is someone who lost their father and also someone who's raised children without a male partner. And Scott is someone who's largely raised by a single mother. I'm looking for a guy. Tara, what do you wish your mom did to keep your dad's memory alive? What did she do right or wrong? Scott, what did your mom do right to make you feel like one parent was enough? What do you wish she would have done if, for example, she had had more financial resources? Thank you both. Yeah, these are good questions of highly emotional. I don't think my mom did a very good job. I hate to trash my mom this episode, but it's true. She lost contact with my dad's parents and I reestablished it when I was in college myself. We were a kid, you're a little bit at cross purposes of loyalty. And I thought that was not good. She threw away a lot of pictures, which I recovered, some of which I spent a lot of time finding stuff about my dad. And I right now have a big box of letters of his that I just read one that was wonderful. I think she should have spent a lot more time talking about him. And I don't think she remembers herself, but I don't think she was kind to his parents. So that was one thing, is if your grandparents are good people, make sure your kids know them and know their relatives on your dad's side and their friends. I wish I knew more about my dad's friends. And I found out later when I wrote a piece in the Washington Post, I got inundated with friends of his that my mother never told me about, that I then went and met and all these stories. I think I've said this before, there was a gay couple who my dad was lovely to and I didn't know that. It was a wonderful thing to find out. A young African-American woman, he tutored, wrote me for now she was a doctor and said if she wanted to thank him, like an ex-girlfriend of his wrote me saying it should have been me that married him, which was funny. Like there's a picture of him behind me. I have a lot of pictures in my round. One thing I'm sad is my kids won't know him. I also named my son after my dad. So that's what I would say. It's nice. Yeah. I mean, just thinking about it, stirs emotions. So when I was 15 and in California, you were what you drove and just having a car was everything. You had no social life in high school in LA. There was no public transportation. I was had a car. We didn't have a lot of money. My mom used to come home when I was 15 and a half and honked the horn and we go into a garage of this giant apartment complex and she would teach me how to drive stick on her. 19, like 77 opal green, lime green opal Manta. And then on my 16th birthday, when I passed my driver's test, she came home and she had bought this shitty Acura and she put her arms on my shoulders and put keys in my hand and said, you're a handsome young man and you have a car. Oh, Scott, you're breaking my heart. You okay? Yeah, I'm good. The best thing, literally, I think of any parent or any mother. If you tell your kids every day they have value, they start to believe you. Yeah, 100%. Scott, I bought you an Acura. There you go. That's what I needed. I got you out of this. That is a beautiful story. I didn't know that. Why didn't I know that? Just after the question where I'm bragging about my wealth, as you get older, the good news to get more thoughtful, when I reverse engineer all my blessings to two core things, it's big government, assisted launch Pell Grants, University of California, DARPA, the internet, and also just hands down, I think I've always had a base of confidence about that my mother gave me. The more pragmatic piece of advice is that, unfortunately, if you were to reverse engineer a young man's problems to a single point of failure, it's when he loses a male role model. And you've had your husband has passed. I think it's especially important that you get men involved in your son's life. 100%. Kara, you do a great job with this with your brothers. I do. I didn't mention that. I have, my brothers, both my brothers and friends, they have been critical part of my boys upbringing, my older boys upbringing. And it'll be the same for Saul because he needs a lot of man around him. So anyways, yeah, get men involved in your son's life, which weird is, it's not as important for the girl. Girls have similar outcomes of college attendance and self-harm in single-parent homes. It ends up that while boys are physically stronger, they're emotionally and neurologically much weaker than girls. So the involvement of a male role model in your son's life now is actually very important. Yeah. Although I got to say I miss having my dad. I have to say it every day. One of the last things I would say is there's a great book called The Lost That Is Forever. I forget the author. I would recommend reading it. It's forever lost. So don't pretend it's not. Don't underscore what the loss is. And I think about my dad every day, every single day. And you should let them do that. And you should think and talk about him every day to them. I mean, I think that's critically important. All right, Scott, are you okay? Can we move on? Yeah, I'm good. All right. It gets worse from here, I think. Yeah. And when Scott dies, he'll be like, you know, you remember like at the end of the Orson Wells movie, Rosebud. Rosebud. Accurate. Acura. Opal. I'm Green Opal, man. We had an opal. I love an opal. Oh, God. It was literally the lamest car in the world. Yeah. No, there's a reason I lost my virginity at 19. We also had a pacer with Navajo print. It was so embarrassing. Pacer's kind of cool in a weird way, though. I know, but not then. Okay, Scott, one more quick break. We'll be back and we'll answer another listener question. Support for the show comes from Diel. Let's be honest, most HR platforms are stitched together using several different services and softwares all at once. Of course, the problem is when there's multiple programs at use, your AI can have trouble navigating across all of them. Diel's different. It's a single AI native system for HR, IT, and payroll built from the ground up. That's why AI Inside Diel can actually run real work onboarding, compliance, payroll, approvals all under your rules. Whether you're five people or 50,000, Diel scales with you. See it in action at Diel.com slash audio. That's D-E-E-L.com slash audio. Support for pivot comes from Anthropic. Success doesn't come easy. Usually it's filled with unexpected twists and turns that can leave you scratching your head before you come out the other side. But these detours are where the real magic lives, those aha moments that can shape your journey beyond the question at hand. And when you're in the midst of all that, you should check out Claude, the system that is designed to work as hard as you do. Claude is the AI for minds that don't stop at good enough. It's a collaborator that actually understands your entire workflow and thinks with you. Whether you're debugging code at midnight or strategizing your next business move, Claude extends your thinking to tackle the problems that matter. Plus, Claude's research capabilities go deeper than basic web search. It can have comprehensive, reliable analysis with proper citations turning hours of research into minutes. Ready to tackle bigger problems? Get started with Claude today at Claude.ai slash pivot. That's Claude.ai slash pivot and check out Claude Pro, which includes access to all of the features mentioned in today's episode. This is advertiser content brought to you by Stonyfield Organic. Our cows, them going out to pasture, they love it. They're so excited to go out every day. They wait right at the door and we milk them and we just open up the laneway and let them just go right out to pasture. I'm Rhonda Miller-Goodrich and I'm a dairy farmer in Cabot, Vermont. Our farm is Mollybrook Farm. We're an organic dairy farm and we are a supplier to Stonyfield. Mollybrook Farm has been in my husband's family since 1835. We started our organic transition in 2015. We had 53 acres of corn ground and of course we had to use herbicides and pesticides and the soil was dead really for all intents purposes. We stopped growing corn and stopped using herbicides and pesticides and we seeded that down to perennial grasses. After that we began to see biodiversity in that soil again. To be organic certified our cows need to be in pasture at least 120 days. I think the organic practices really benefit our animals. You know having good feed, good water, a nice light area, that's what's important to us and that's what's important to Stonyfield. Okay Scott, moving on this question comes from Paul via email. I'll read it. If you had all the money in the world, these are such good questions. Let me read this. If you had all the money in the world what would you be doing with your precious time at this moment with that money and why aren't you doing that? Oh my god, Paul. Wow, Paul. That's a lot. Scott, you go first on this one and I'll, I gotta thank for a second. I'm doing it. Money plays, and I realize how privileged I am and I realize this is you know a function of my being born a white male heterosexual and you know I do exactly what money plays. Money as a construct puts no constraints on my life. I am doing exactly what I want to be doing every day. Every day. I'm blessed and I realize that there's only 0.1% of the population can do that. If I had billions of dollars and I'd started a private equity firm like all the money in the world. Well, what I would be focused on right now, if I had say hundreds of millions to waste, I'm going to spend millions but I don't have tens or hundreds of millions. I'm very, very focused on restoring some of the traditional American values and getting Democrats elected in 26 and 28. Yeah, that's what I do. Yeah, I would put, take a bunch of money and solidify a progressive, not like hateful to conservatives, but like in American values, they're about a fairness and equity and things like that. So I spend money on that. I would spend money on, I do the Mackenzie Scott, that's what I would be. That's what I, I just suddenly show up with money and not be heard from, seen from again. I would, that's how, I would do what she's doing, exactly what she's doing and suddenly give Howard a whole bunch. She's done two gifts to Howard and she's, all of a sudden she's over a Planned Parenthood and then she's here. She's so diverse in her giving that I love it and it's, that's how I would behave. I would also create universal daycare. I mean, that's what I would do for people, better child care for all kinds of parents. I would somehow figure out a way to fund. Like right now, New Mexico has it because they have all this oil and gas or shale money, they can do it. Every state we should have, nationally we should have universal daycare, universal daycare. That's what I would do. I would spend less on health stuff, but I can see why. And again, I have money is, I don't spend a lot of money, so I wouldn't buy anything. I wouldn't, I'm trying, would I buy anything? Maybe like my own Taylor Swift concert, perhaps, that's what I would do. Anything crazy you would buy? I might buy a Gulfstream G800. I'd invite Scott just to hurt him with his ears. You'd be so nice to Taylor Swift. Anyway, something like that. Okay, Scott, let's hear another question. This one comes from Brian. Let's listen. Hey, Karen. Scott, this is Brian living in Orange County, California. I just recently saw you guys in LA when you were on tour and had an absolute blast. My question is, what happens behind the scene when you guys are on tour before the show? Are you guys partying? Is Scott ripping Jack and Cokes while Karen's taking a nap on the couch? Or what's, what's going on? And afterwards is Karen in the New Yorker magazine while Scott disassociates. Would love to hear a little bit more about the inside drama of Tivet behind the scenes. Thanks. I'll let you take this. Oh, well, I'm ripping Jack and Cokes and Scott's taking a nap. No, we actually talk to each other. I mean, we talk about the show. We all have visitors. I have a lot of family members came during the thing, and so we chit-chatted with them. Often the guests we have, we chit-chat with them. We had a nice party in LA before the show with a whole gang of people. There were tons of people backstage, and it's not very wild by any stretch. It's really quite civil. And then afterwards, we just go. We leave and we typically went on to the next place we went. It's really, it's not tiring doing the shows, but we just move on. We read our mail. We talk to our family, stuff like that. Check in. I think it's so dull comparatively backstage. Correct, Scott? Yeah, I was thinking it was seven cities and seven nights. So it was basically get up, get to the airport, get to where we're going, check into the hotel. I would try and grab a workout just to center myself, face time my kids, and then start prepping because they're five hours ahead, and then start prepping for the show. And then I found the shows very rewarding, but emotionally very draining. We had a lot of, as you said, we had a lot of friends and a lot of people, and people show up and they're excited and they come backstage. And it's nice to see them, but it's also, I find it very exhausting. It was, but I think I drank less that seven days than I have in a long time. There was just no room for partying or alcohol. I didn't go out or drink once. I just didn't, is that true? I think that's true. Yeah, we just, and usually we took off after the shows to go straight to the next show. We'd be taking our luggage to the theater and then we'd bomb straight to the airport. Yeah, and then we'd have the morning free to do stuff or tape. We had other podcasts during that time. Scott had Proph G. I had on, and so I was taping those. That was a whirlwind. Yeah, it was fun. It was really fun. We had a great time and we had a nice bonding experience ourselves. And Scott cried several times, which is par for the course. We had some fun at his expense. Well, it was a week. I mean, I know, but we had some great fun at, we had really a lot of fun. It really was. It was very, it was very... I think DC was the most fun actually backstage. Oh, yeah. That was fun. That was a good one. Your family was there. Yeah, LA and my mother insulting everyone. That was great. Yeah, your mom and Don Lemon. And mother woman. Actually, LA was pretty good. Ed Helms was there. Yeah, Chelsea Handler was backstage. Oh, she was great. Yeah, we had a good time. We had a good time. And then Scott, Scott and I went to Bill Maher when he was on it and I accompanied him because I can't ever leave his room. That's right. You didn't come with me. I thought it was so great. You were, you literally like bombed into my dressing room, took off your shoes and started drinking like, like you're the expectant mother or wife. Like you could not get in poor obnoxious. You're like, I'm here. I'm here. I'm with Scott. Where's his dressing room? That's right. I was hilarious. I've always been happy for you to do the same thing. That was a nervous rock. I know. Chatting all the producers. I was chatting. I like to chat people up. It's fun. Chatting Bill afterwards. We had a good time. Come on. We had a good time. Anyway, we appreciate your question. We had a great time. We'll probably be doing another in 2026. Okay, Scott, one more quick break. We'll be back with more from our listeners. Support for the show comes from CoreWeave. Everywhere you look, AI is expanding what we thought was possible, and at the center of it all is CoreWeave. Medical research and diagnosis, education, complex visual effects for movies, science and technology breakthroughs. CoreWeave powers AI pioneers around the world with purpose built tech, building what's never been built before. CoreWeave is the essential cloud for AI, ready for anything, ready for AI. To learn more about how CoreWeave powers the world's best AI, go to coreweave.com slash ready for anything. Support for this show comes from Wix. You can make a great looking website with Wix, and you can do it your way. Whether you want AI to jump in or prefer to do things yourself, get a custom ready to use website in minutes with Wix's AI website builder, or choose from more than 2,000 templates. Get built-in solutions tailored to your business and enjoy easy, fuss-free domain registration. Web posting included. Wix powers more than 280 million businesses around the world, because with Wix, you can own your individuality, create freely, and scale fearlessly. Ready to create your website? Go to wix.com. That's wix.com. Okay, Scott, we're back and we're ending on something very special. A few weeks ago, I asked what tattoo I should get for Scott, ideally on my ass. Let me read some of the answers we got. A roll of toilet paper with an S on one of the sheets. The Professor Galloway Memorial Tattoo should feature an angry but dignified Daisy Duck with a lot of pink shading. Interesting. A penis that cleverly embeds his name on it. SC on one cheek and TT... Get the O is the asshole. Get it? Okay. Groucho nose and glasses with Scott's nose and glasses. I don't like any of these. I do like the SC TT, I'd say. I need more. Scott, do you have any suggestions? I would get some. I would just, in case of emergency, call Scott. Oh my god, break glass? Or maybe a tiny raccoon holding a beer. Oh, you know what? I think that's good is what I should get. Just the words. That's good. A bar code that if you scan it, it said the problem with Scott is... So you're better. Let me see. How about a cat and a dog sort of fighting but hugging at the same time? You know, tattoo of receipt, total 000 item, putting up with Cara. A broken halo with the caption, Scott tried. A fortune cookie and the fortune reads, you will tolerate someone named Scott today. How about one that just says, at least he's not Scott Jennings? That's right. That's right. No, I think there's a lot we could do here. I could go on. There's a lot we could do. I may get a Scott tattoo. I may just do it as a surprise. I think I might. Maybe I'll make fake ones made and then trick Scott in some fashion. A tombstone that says, rest in peace, Scott's sanity taken by Cara. These are your tattoos. We have tattoos that we made when we did that conference, the one we didn't make money at, this one we did. Oh yeah, in the middle of COVID. We have tattoos. I'm going to find those. There are Scott and Cara tattoos. They were good, actually. All right, everybody, you got to try harder. Come on, come on, send more. Okay, Scott, that's the show. Time to say goodbye. Thank you listeners. And again, I truly and so does Scott appreciate you. And we were very touched by all your questions on the tour and we're touched by these questions too. And we truly appreciate it because we love our fans. So Scott, read us out. Today's show is produced by Larry Neiman, Zoe Marcus, Taylor Griffin and Christine Driscoll. Bernadette Hutt, engineered this episode, Manola Moreno edited the video. Thanks also to Drew Bros, Ms. Sevilla and Dan Chalon, the Chakras Vox Media's executive producer podcast. Make sure to follow Pivot on your favorite podcast platform. Thanks for listening to Pivot from New York Magazine and Vox Media. You can subscribe to the magazine at n1mack.com slash pod. We'll be back next week for another breakdown of all things tech and business. Support for this show comes from Tasty Trade. There's two types of traders out there, the ones who settle for the status quo and the ones who push the envelope. Tasty Trade is the platform of choice for the latter. With Tasty Trade, you can trade stocks, options, futures and more all in one platform. It offers low commissions, so you can keep more of what you earn. Become the trader you always wanted to be. Go to tastytrade.com slash Vox today. Tasty Trade Incorporated is a registered broker-dealer and member of FINRA, NFA and SIPC.