Anand Giridharadas – “Winners Take All” and the Paradox of Elite Philanthropy | The Daily Show

Anand Giridharadas – “Winners Take All” and the Paradox of Elite Philanthropy | The Daily Show

-Welcome to The Daily Show.
-Thank you. Congratulations on a book
that has made you the enemy -of billionaires
all over the world. -Right. -You are a foolish man.
-Right. Why would you write a book that basically accuses
billionaires of being, like, fake good people
as philanthropists? What does that even mean? There was no good reason
to do it, except that it was true. You know, we live in this time. Um, and I was thinking about it when you were talking
about the president, because he’s kind of
an example of this. He had a fake foundation. Um, they’re not all fake. But we live in this time
in which rich people… You can’t walk down the street
in Manhattan– or other parts of the country– without bumping
into a rich person who’s trying
to change the world, right? Mark Zuckerberg’s trying
to change the world. Elon Musk is gonna try
to change the world. Jeff Bezos changing the world. They’re all changing the world. More money being given away than has ever been given away
in the history of the world. -Right.
-Young people. All… You know, elite graduates,
elite campuses. We want to go to Africa,
start a social enterprise… -Mm-hmm. Mm-hmm. -…turning
recycled poop into coffee. -Right. -(laughter)
-Um, with tote bags. -Bono is involved.
-Yes. -The red iPhone case
you get for free. -Right. And the question is,
why is it that this era of extraordinary
elite generosity, which is real,
happens to coincide with an age
of extraordinary elite hoarding? The very same class
of billionaires and plutocrats
who do so much to give and constantly talk
about how much they give have a monopoly
on the future in this country. The one percent in this country
takes 49% of new income. -Yeah?
-Half the new income. Imagine if all the new income
in this studio audience went to one person.
Right? Half of it. Imagine if–
another true statistic– the point one percent, point one percent
owns more wealth -than the bottom 80% of people
in this country. -Right. The bottom half of people
in this country, on average, have not gotten a raise,
as many of you may know, -in… 40 years.
-Right. And so the question
then becomes: What’s the relationship between
all this nice stuff elites do and this elite predation? And the relationship
that I discovered when I reported this book -But-but…
-was that it’s this nice… it’s these nice deeds,
this sprinkling of nice deeds, that help us uphold a system in which rich people
can monopolize the future, horde progress
and kill the American dream. And not satisfied with that, they’re trying to kill
the planet now, too. Okay, but let’s-let’s
go back on this. So, you’re saying that people
horde the money, all right? But now, everyone here tries to
keep the money that they make. I mean, I think that is, like, a logical thing
that human beings do. You get the money;
you keep the money. No one gets the money from,
like, work and then is like, “Eh…”
You get what I’m saying? So when you’re saying
that they’re hording the money, people would go like,
“Yes, but, Anand, “that’s the American dream–
you work hard, and then you make your money.” Why-why is that a problem? Why do you think
that that is a paradox with the public giving
that they’re doing? I think another simpler way
to say what you’re saying, which I agree with,
is that “Plutes gonna plute.” -I even have the shirt.
-Okay. -(laughter) -Plutes gonna plute.
-Yes, which means…? -They’re gonna fight
for their interests. -Okay. The plutocrats are gonna do
what’s good for plutocrats. You’re right. The thing is,
this is not feudal England, so we actually have systems
that are designed to keep them in check. Because you’re right,
people are gonna fight -for their own interests.
-Right. And when you have people
who have such vast fortunes that they have the power,
as monopolies, to decide which way
our elections go– which is a power
Mark Zuckerberg, frankly, has. When you have someone
who has the power to dictate whether workers have to pee
in a bottle to be able to, you know, survive and make
productivity at their company, when you have people with
so much power over consumers, uh, you can’t just say
the hording impulse is gonna be the hording impulse. You have to tax people properly. Taxes, taxes, taxes. -Uh, you have to regulate people
properly. -(cheering, applause) You have to have a minimum wage
that actually allows people who have no leverage
against these billionaires to have the shared leverage
that we all have, which is through a government
negotiating for us. People don’t understand.
People denigrate the government. Over the last 40 years,
we’ve lived in this country under an ideology
that says government is bad, wealth creation is good.
You know what the government is? The government is like a lawyer
who represents all of us. Right? And-And… And rich people
are not all good or all bad, they way you or me or anybody
else is all good or all bad. But when rich people start
to under– make money by underpaying
people, systemically, make money by, frankly,
avoiding taxation in any way they can,
hiding money, make money by employing people
insecurely– -You’re a contractor,
you work at Uber, -Mm-hmm. -but you don’t really work
at Uber– -I get it. Right. You do all of that, it’s time
for the advocate for all of us, the government, to actually
fight on our behalf. But now, here’s the thing. There are many billionaires,
right? You say The Elite Charade
of Changing the World, but there are many billionaires
who have come out publicly and said, “Hey, we should
be paying more tax as billionaires. We want
to be taxed higher.” You know, like Warren Buffet
has come out many times saying, “Guys, you know,
my personal assistant pays a higher tax rate than I do,
which is not fair.” So if the billionaires
are saying we should be paying more tax, then why would you say
that it’s a charade? Or why do you say that, like,
they’re part of the problem? Those billionaires
are saying the right thing. Now, what is interesting, some of the people
you mentioned, if you double click on some of what they actually do
in their life, what they do is, they say, “We should pay higher
income tax.” You know, they call
their accountant immediately when they’re off the CNBC air, and they say, “Hey, Bob.
Just make sure I have only wealth accumulation
this year, capital gains,
no income increase. ‘Cause you can do that
when you’re rich. You can just shuffle
things around. So, you know, if you look
at Warren Buffet and others, they say higher income taxes, but they don’t have
a lot of income, ’cause they, you know,
put it over there -in the investment pile.
-Right. Your shares give you the money and then
it’s taxed at a lower rate. And I think what we don’t
realized in this country, now we’re heading into
the election season, and we’re starting to have
a bunch of candidates who, in various ways,
would at least gesture to what I’m talking about,
right? Inequality’s bad, we got
to rebuild the middle class, But part of why
I wrote the book, and part of why I hope
it’s relevant as we head into the election is a lot of the people
who sound similar, when they’re talking
about fixing this problem, are actually quite different. And I think of the book as a set
of infrared lenses, to actually understand
who’s peddling real change, and who’s peddling fake change. Because you look
at people who say, “Gosh, we’ve got to rebuild
the middle class.” But who also say,
as Joe Biden did, “You know, nothing’s gonna
fundamentally change for the billionaires
in this country.” I just have to say,
that is an incoherent– and I don’t just mean
rambling incoherent, as is the Biden way– but is an incoherent,
intellectually incoherent theory because in this moment–
I’m not saying all moments– but in this moment,
the people up above are up above because they are
stepping on people down below. And the people down below
are down below -because they are being stepped
on. -(cheering and applause) And you cannot say that I want to help
the people down below in a way
that will change nothing for the people standing
on their necks the same way you couldn’t
address feudal England, you couldn’t address
the Downton Abbey world without dealing
with why the Granthams are the only people who own
that damn castle. So big. Right? You couldn’t deal
with slavery without making things worse
for the white plantation owners. You… There’s no…
You can’t… Frankly,
look at the #MeToo world. You can’t make things better
for women in this world without, frankly, reducing
the power of men to-to have impunity
in so many of the spaces -you and I and everybody else
operate in. -Right. -(cheering and applause)
-Real change involves the loss of power. And at the heart of this book
is the idea that there has been an ideology
for the last 40 years that is the ideology of win-win. We can empower
the least among us, we can help people in Africa, we can help people
in Appalachia and no one has to suffer. The rich people don’t have
to pay any more taxes. They don’t have
to be regulated anymore. And it is a lie. It is a lie. The only change worth doing in a moment like this
with such inequity is change that will necessarily make
the plutocrats less powerful. The answer
to a winners take all world is, almost logically, a world
in which the winners take less. And, as you said, they’re not gonna sign up
for that. It’s us acting together, joining things,
getting involved, getting involved in democracy that is gonna take change back
from the charade. (cheering and applause) -A powerful statement.
-Did I convince you yet? That is a powerful,
powerful statement, and I think you’re right, but I will keep
my billionaire friends. -Thank you so much for being on
the show. -Thanks for having me. Winners Take All.
Truly a fascinating book that exposes
the world we live in today. It’s available now.
Anand Giridharadas, everybody.

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  1. Excessive wealth should not be legal in any country if there is excessive poverty. There's nothing argue about there! It's just simple logic. You can't have humane treatment of the majority and have extreme wealth being flaunted everywhere when there is extreme poverty.

  2. "I think an easy way of say that is, The Plutes gonna Plute."
    What THE FHAQ does that even mean. Sounds like Horse Shit.

  3. Yeah the Government is a lawyer to represent all of us, BUT your "PEOPLE'S LAWYER" has been influenced by the corporate side to pay it's bills ,because it realized "The People" either can't, won't, or don't pay. And EVERY ONE HAS GOT BILLS even the government. So when "the people" DON'T pay, WHO the FHAQ do you think they're going to turn to? Yeah the ONE who MAKES THE MONEY! Which is why it feels like they aren't on our side. And the ONE who pays YOUR FHAQING BILLS CALL THE SHOTS. FUCKING GENIUS ASS ANAND.

  4. Finally this show is bringing in someone who is speaking from the perspective of the people with authority and a full comprehension of the landscape.

  5. Guys it was a joke. Trevor was just joking when he said “you are right but I’ll keep my billionaire friends”. There was no jokes in the entire interview, so at the end Trevor tried to put a little laughter to end it; that’s all that statement was. A lot of you have forgotten that Trevor is a comedian first and not really an interviewer. You all should get over his “I’ll keep my billionaire friends joke”🤷🏽‍♂️.

  6. I grew up with Communism. These ideas are dangerous. It's one thing to say we need a better taxation policy to build more social programs, it's another to call rich people evil. Meh …

  7. "Imagine if all the new income in this studio audience went to one person" Uhhh… Not so hard to imagine actually, unless they have a room full of CEOs 🙂

  8. Mennnnn i luv this guy ❤❤❤❤👍 💪💪💪💪💪💪💪💪💪💪💪👍👍👍👍👍👍yes i wil be follow u excellent job

  9. And if people weren't so busying chasing around the dross that is money, they probably would participate in their own 'democracy'. Too busy being beaten down by their menial jobs to rebel.

  10. Boring and disappointing . He had little of true insight beyond repeating the rich oppressing poor – neo-fuedal world type stuff. I knew all that already. Expected greater intelligence from an seeming intellectual. Shallow, unidimensional stuff.

  11. The U.S. used to tax capital, then Reagan changed the dynamic where the most taxing came from income and wages thus increasing inequality. Anand's point is valid. So is Bernie's point.

  12. dude's getting applause breaks for stating basic definition of capitalism, while being a capitalist.

    fuck this indian buttigieg talking hack.

  13. I don’t think this is accurate and I certainly don’t think anyone should feel obligated to help anyone else unless they want to. I couldn’t care less how much or how much less money someone else has. I think you should help yourself and stop expecting government to rescue you. That’s nonsense. I’ve been on welfare. I’m a single mom. I worked 2-3 jobs sometimes but I’ve always approached things with an entrepreneurial view. I have a job and I have a business. I work hard for everything I have. I believe you work hard to get where you want to be. I think the government should offer limited assistance to help people become self sufficient. Not support them for life. It should be up to the people to make good choices and effort during that time. If they choose not to, then they reap the consequences of their own bad choices. I was on housing assistance and food stamps while I went to college. I worked and went to school. My daughter is now 26 and I’m 50 and we are both educated and make a good income now. There’s too many people who are lazy and don’t do what they need to do to make life work for them. If people need to move to another location to find appropriate work or affordable housing or go to school or whatever, then do it! … unless they are handicapped or with some medical conditions which prevent them from doing so. Other than that, if they are bodily able, then there is no reason why they need to or should depend on the government for life. Temporarily ok, but get on your own damn feet. I’ll never give my hard earned money away to equalize other’s living situations. I do help people in my business. I foster success for individuals who work for it. Forget all this hand-out mentality. That’s garbage! They can get up and move and do what they need to do to get a job or better yet, become a business owner. We don’t need more taxes. And we certainly don’t need more government in our lives!!!! It’s not the government’s job to rescue people when they are usually the product of choice, not environment. They have the choice to change their environment by changing their choices. If they don’t, it’s their fault. And it’s certainly not the wealthy man’s responsibility to give their money to the have nots. Work! Go to work! Move! Relocate. Make different choices! If you do what you’ve always done, nothing will change. This holds true with your socialism rhetoric, but certainly with individuals too. We are responsible for our own person….our own choices. National change to “equalize” everyone’s income infringes on my rights, my liberty steals my money and certainly is against all the effort I’ve put forth to better myself. EF that! And global changes to “equalize” damn sure is beyond our responsibility. My purpose in life is NOT to take care of the Jones’…. no way no how! I’m kind and respectful to others. I’m civil and courteous, but my stuff is my stuff. My money is my money. Make your own! stop expecting someone to rescue you. what a lame weak mindset. Get to work!

  14. Billionaires like Bezos have created millions of jobs and uplifted our economy. I wonder how many jobs this man has created

  15. Your billionaire friends will STILL be billionaires if they pay their employees decently and let them use a toilet at work!!!

  16. Bill gates gets 4 billion tax haven due to his cascade holdings set up avoid paying taxes. He gives 3.9 billion in charity. Who is fooled by this charity. Robber barrons

  17. 8:09 The whole video he seems against this guy and that last statement has me wondering…..has Trevor been bought?

  18. Many people become rich bcos they have a vision, and take risk and work hard to manifest their dream. Total bullshit, this is pure left ideology. Rich people don't step on other peoples head go to the top and poor people don't remain below b'cos rich people are on top, this is circular logic and no wisdom. Only lazy loozers will agree with this idiot. Even Trevor Noah does not agree. Trevor became rich due to his public speaking ability. Is Trevor standing on his employees head ?

  19. I think it was a joke…the last line. It was a confusing tone but a joke. Maybe he will explaine, maybe not. I don t need an explanation because my focus was on the guest. I have never before seen such an articulate speech,clear. That s what I take from this! And I thank Trevor for having him as a guest.

  20. I think this guy is like those who write books about how to accumulate money and then after ask for sponsorship to launch their books . If he gets money he won't act any better than the billionaires. Being a billionaire is first of all a mentality not just cash paper in the bank

  21. He is right. Billionaires and rich people are fake philanthropists.

    The 1% are stealiñg their wealth from the 99%. Period.

  22. Upon scrolling through the comments , I realized that people will pick fights on social media with people they don't know , just to impose their opinion in a way they would never be able to do face to face , idk it's quite weird and kinda sad actually

  23. Rich people ANYWHERE like their money more than they like their children, their dog, their spouse…yet they cannot, will not admit it.

  24. There is no problem in working and becoming super rich billionaire after some years. The main problem is how they treat their employees to maintain that stockpile of money flow.

  25. It's cute to see how Trevor thinks he's gonna be a billionaire one day if he stays friends with em… What a terrible way to close out this interview.

  26. As of 2019, Trevor Noah is estimated to have a net worth of a whopping $13 million.

  27. Mediocre Trevor Noah who steals other’s jokes became a multimillionaire because of affirmative action by Jon stevert . Now this ungreatfull man is singing the song of billionaires. John stevert will never say that.

  28. Universal Basic Income will put the power back in the hands of people . Youtube Andrew Yang to see how we can make this a reality


  30. Yeah when Steve Jobs and Steve Waz started apple in a garage. No one help them, no one wrote a check for them to start a business. They risked whatever they had and after they become successful suddenly everyone want a piece of their fortune. Make your own fortune you lazy bitch. Grow a pair of balls and start something for yourself. Bernie Sanders made millions selling his book on socialism but he didn’t pay 70% income tax he is asking everyone else to pay.

  31. Very good insight however not all billionaire are the same.. Elon musk I think on of them, he is mission driven than profit driven.

  32. "Did I convince you"
    Trevor like "hell no…I am a multi-millionaire myself now"
    So conviction depends on which side of poverty line you are

  33. Wealth tax is far more effective than income tax. As in every edifice of the modern world – education, medicine, law, politics, etc – taxation law and those who control it will ultimately come to the same conclusion – an ideology exists that takes care of the faults of these modern mechanisms. Existed in its pure form 1440 years back for about a decade or so and then got corrupted itself. Discover it again and gain freedom.

  34. I get the sentiment what Anand is pushing for which is we need to make sure that Capitalism keeps being healthy. However many flaws it has, Capitalism still enables and empowers people the most.

  35. Wow Trevor! "I'll keep my billionare friends" spoken like a true elitist.

    I guess Anand Giridharadas is right, PLUTES GOT TO PLUTE.

  36. Just imagine where would India be if all these genius Indian Americans were here..contributing to India's development and progress.

    Such a shame how as a country we have failed them.

  37. You can have millions in assets but still have no disposable income. This guy has is ignorant. Maybe he should become a politician.

  38. The truth hurts everyday. To work this hard and still be living on the edge. My tax dollars being pissed away by tRump.

  39. AGREE!! However, can the government please become more efficient? As a business owner that is licensed by state government and that deals with the IRS regularly, they are so inept and arbitrary, it's kind of scary to think of having them administer the money.

  40. This is the same sentiment that grew the Unions that created the strong middle class of the past. Together people can make a difference….division gives our power away!

  41. What he say what, He talk fast mention all the parts the good and the bad, in the end we have to have billionaires friends. Then you say that was a powerful message really.

  42. Am I the only one getting a commercial about a super expensive boat? One that only billionaires would afford? Seriously?

  43. If you want to find more about Anand I suggest checking out this podcast:

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