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You're listening to Comedy Central. We're making a show I got to The Dail Show.

My guest tonight, he's the host of the O'Reilly Update, and he's the author of the forthcoming book Confronting the Presidents. Please welcome back to the program, Bill O'Reilly, sir. Come on out.

Take Thanks for having me.

Take your time. I appreciate it. William. Yes, sir.

Our country, we are in such a dangerous moment. You've written books on almost every assassination, as you have a whole line of- The Killing Books. The killing, the killing, the children's series. Is you're right, about killing presidents. In your mind, are we in a unique time in American history of polarization? Or as you looked back on those other moments of terrible tragedy in our country, are there similarities or differences?

Yeah, it's not unique, but the social media and the corporate media heighten everything.

You're saying Lincoln's tweets were not a part of.

He had to get a pigeon and throw them out the window. money?What is the actual formula?How do you make money? What is the actual formula?How do you make Yes. Now, I wanted to insert me into the story, Roni. Okay, so the algebra. The first is focus, try and find your talent, not your passion. Anyone who tells you to pursue your passion is already rich. Find something you're good at in an industry that an employment rate above 90%. Side hustles mean your main hustle isn't working. Go all in on something. Then you want to talk about stoicism. Control the things you can't control. You can control your spending.Okay, this is a bit complicated. How do I... Whyhow are we doing so far? Why are people poor and who should we blame? That is... Whose fault is it that everyone is poor? Is it baby boomers? Is it foreign foreigners? Is it Bitcoin? Is it the government? Whose How old is it that we are poor?Well, I think that essentially every fiscal policy in America over the last 20 or 30 years has been nothing but an elegant transfer of wealth from the young to the old. We transfer one and a half trillion dollars from young people to the wealthiest generation in history, seniors.You can say it, boomers.You can say boomers. The two biggest tax deductions, capital gains and mortgage interest. Who owns homes and stocks? People my age. Who makes their money from earnings and rent? People their age. So I think everything we do is nothing but an elegant transfer of wealth from young to old. People call them entitled. I think they're actually entitled to be enraged. This is-Wow.Okay. I love how I love how you came in here. You're like, Yeah, it's my fault that I'm rich and you're poor. I'm like, You, you can't do anything about it. But what can people do about it? I mean, first of all, kudos to you. You're the first boomer I've heard in the last decade to give young people some props to be like, Hey, it's not... Because all I've heard for the last decade is boomers yelling at millennials for being lazy and eating avocado. You're all like a refreshing voice here.Look, the average seven-year-old is 72% wealthier than they were 40 years ago. The average person under the age of 40 is 24% less wealthy. The child tax credit gets stripped out of the Infrastructure Act, $40 billion, but $120 billion increase, annual increase in cost of living adjustment for seniors, flies right through. Okay.Anytime I want to say, I'm a boomer, I'll just link to this part of the video.100%.That's what this guy said. I love to continue making the case against boomers, but I also like to figure out, what can we do about it? What can we do about it?There's a variety of things. One, put more money in the pockets of young people. Education has gone up fourfold. Liars crowd. That was pretty populace. Housing's gone up 4x, education has gone up 2x. Meanwhile, minimum wage, if it had just kept up with productivity, inflation would have been in 23 bucks an hour, but it's 7.25. We need a series of policies that make it easier for people to get ahead. 60% of people aged 30 to 34 used to have kids. Now it's 27%. They're literally opting out of America. They look up, they look down, they see prosperity everywhere. And 210 times a day, they get a notification of someone vomiting their faux wealth in their face. It's no accident that we have. We are raising a generation of the most obese, anxious, depressed, suicidal generation in history.Wait, you were doing so well there with praising the young people. You took a hard turn. I just wasn't ready for it. I'm sorry. Are we good or not? Is it our fault or not? I do think it's our fault. Okay, but besides being civically engaged and caring about the world, what can a young person do to make money?Well, again, I think it's- Nobody got that one, but it's all right.Because what you're describing is policies, right? I think a lot of young people feel disenfranchised in voting. And so besides-Agency.Everyone needs to have a sense of agency. You do have agency. One, recognize how fast time is going to go. If between the ages of 20 and 30, if you just save 3 to 6% of your salary, you're going to end up wealthy by the time you're my age. Recognize the time is going to go faster than you think, diversify, and also recognize that your 20s is about workshopping. Don't be so hard on yourself, but also recognize you're going to live a lot longer than you think. Just try to develop a savings muscle and put a little bit of money away in case you don't go double platinum or sell a business. Most of us, because our species hasn't lived past 35 for 99% of our time on this planet, we have trouble believing that you're going to be my age. That's why we're so horrified when we look in the mirror past 35. We're just not used to seeing it.I'm horrified looking in front of me right now.You just made my wife your best friend. Anyways, this is essentially start early. You can save, you can control. Control your spending, spend less than you make, develop a savings muscle, and then really lean into your strengths and try and become great at something, and pick a non-vanity industry that has greater than a 90 plus % employment rate.Okay, so your advice, young people, is that the boomers are screwing you over. Try to vote people in who can hopefully reverse that a little bit.Our elected officials are a cross between the Golden Girls and the Walking Dead. The average age But that is true.I'm asking you as a person who's more experienced than me and much more well-read on this, do you feel like this is the last death grasp of the boomers trying to hold on? If we just can wait them out another five years, we can regain control and balance things out, hopefully?I think that's hopeful. But the average age is now the oldest elected populace of any democratic institution. What happens in a democracy if you're not forward leaning like our ancestors and invest in middle class. Old people have figured out they can vote themselves more money. Does a person, a speaker of the House, when she had her first child, Castro had just declared martial law in Cuba. Two-thirds of houses did not have a TV. Does she really understand the challenges facing a 25-year-old single mother or a 22-year-old male who has a lack of economic or romantic prospects? The average age of Americans is 35. We need a representative democracy. We need more young people that will vote for money and make forward Doing investments.Man, you just said, I'm done. When these boomers just won't die, they just won't die. They keep holding on making decisions. They're entrenched in decision-making positions. They're lowering the capital gains tax. So that networth essentially compounds year after year.See, you got it. There's an incumbency rate of between 92 and 95 %. In addition, because of gerrymandering, we essentially send to Washington hard right crazies and hard left crazies who have one thing in common, and that is they're really old and they keep voting themselves more money. Sure. If we don't start investing in the future, democracy is literally going to collapse on itself. When we get to these levels of income inequality, they owe us self-correct through war, famine, and revolution. We need to do something about this.Okay, so we'll be fine is what you're saying. That's right. The solution is find people who speak this language and vote them in, right? That sounds like what you're-We absolutely need a younger electorate, but we also need fiscal policies that do what our previous generations did, invest in the future, an investment in the middle class technologies. But as someone who speaks... No, I'm sorry to cut you off, but as someone Someone who speaks boomer, when you talk to your fellow boomers and you tell them, You're taking away the things that you benefited from. Can we put them back in? How do you convince these old people to do that? You know what I mean?The key to progress with those FDR Teddy Roosevelt is having a series of class traders. If you don't make these forward-leaning investments, the reality is you have your world of work, you have your world of friends, you have your world of kids. When something comes off the track with one of your kids, the whole world shrinks to that kid. The question is, are we willing to make the same forward-leaning investments that your father and our grandparents made in America moving forward? We have lost that sense of comedy of man. One solution that I think would help us get back to that is that I think we need mandatory national service such as we can develop more connective tissue and young Americans can meet people from other ethnic groups, other sexual orientation, and realize that they can build something great in the agency of others and not see each other as Republicans, not see each other as Democrats or trans or non-trans, but see each other as Americans, and start making these forward-laning investments that have made them Africa.Well, as a young person, thank you for trying to look after the next generation. I appreciate that. I hope more old people can be like you. I appreciate that. The algebra of wealth is available now. Start, Galloway.Explore more shows from The Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts. Watch The Daily Show weeknights at 11:00, 10:00 Central on Comedy Central. And stream full episodes anytime on Paramount Plus.Paramount Podcasts. If you're listening to this ad, it's no accident unless you forgot to hit skip. But for marketers, finding the right audience matters. We worked hard for your attention, but you don't need to for your business. With Paramount Ads Manager, now you can reach huge audiences on the hottest shows on TV. That's right. Big shows aren't just for the big brands. You can get 30 second views on TV instead of three in their social feeds. Best of all, it's easy. Sign up today, be on TV tomorrow with Paramount Ads Manager. Go to adsmanager. Paramount. Com. That's adsmanager. Paramount. Com to learn more.It's been a three-year wait, but the Olympics are back, and the CBS Sports Podcast Network has you covered with everything happening in Paris. It's a new era for the US women's national team, and attacking third will tackle all the women's soccer action. First Cut will keep close tabs on golf, while Beyond the Arc will follow the US men's basketball team on a a quest for another gold. We need to talk now. We'll provide comprehensive coverage of women's athletes at the Olympic Games. Follow and listen to all CBS Sports podcast for free on the Odyssey app and wherever you get your podcast.

money?What is the actual formula?How do you make money? What is the actual formula?

How do you make Yes. Now, I wanted to insert me into the story, Roni. Okay, so the algebra. The first is focus, try and find your talent, not your passion. Anyone who tells you to pursue your passion is already rich. Find something you're good at in an industry that an employment rate above 90%. Side hustles mean your main hustle isn't working. Go all in on something. Then you want to talk about stoicism. Control the things you can't control. You can control your spending.

Okay, this is a bit complicated. How do I... Whyhow are we doing so far? Why are people poor and who should we blame? That is... Whose fault is it that everyone is poor? Is it baby boomers? Is it foreign foreigners? Is it Bitcoin? Is it the government? Whose How old is it that we are poor?

Well, I think that essentially every fiscal policy in America over the last 20 or 30 years has been nothing but an elegant transfer of wealth from the young to the old. We transfer one and a half trillion dollars from young people to the wealthiest generation in history, seniors.

You can say it, boomers.

You can say boomers. The two biggest tax deductions, capital gains and mortgage interest. Who owns homes and stocks? People my age. Who makes their money from earnings and rent? People their age. So I think everything we do is nothing but an elegant transfer of wealth from young to old. People call them entitled. I think they're actually entitled to be enraged. This is-Wow.

Okay. I love how I love how you came in here. You're like, Yeah, it's my fault that I'm rich and you're poor. I'm like, You, you can't do anything about it. But what can people do about it? I mean, first of all, kudos to you. You're the first boomer I've heard in the last decade to give young people some props to be like, Hey, it's not... Because all I've heard for the last decade is boomers yelling at millennials for being lazy and eating avocado. You're all like a refreshing voice here.

Look, the average seven-year-old is 72% wealthier than they were 40 years ago. The average person under the age of 40 is 24% less wealthy. The child tax credit gets stripped out of the Infrastructure Act, $40 billion, but $120 billion increase, annual increase in cost of living adjustment for seniors, flies right through. Okay.

Anytime I want to say, I'm a boomer, I'll just link to this part of the video.100%.That's what this guy said. I love to continue making the case against boomers, but I also like to figure out, what can we do about it? What can we do about it?

There's a variety of things. One, put more money in the pockets of young people. Education has gone up fourfold. Liars crowd. That was pretty populace. Housing's gone up 4x, education has gone up 2x. Meanwhile, minimum wage, if it had just kept up with productivity, inflation would have been in 23 bucks an hour, but it's 7.25. We need a series of policies that make it easier for people to get ahead. 60% of people aged 30 to 34 used to have kids. Now it's 27%. They're literally opting out of America. They look up, they look down, they see prosperity everywhere. And 210 times a day, they get a notification of someone vomiting their faux wealth in their face. It's no accident that we have. We are raising a generation of the most obese, anxious, depressed, suicidal generation in history.

Wait, you were doing so well there with praising the young people. You took a hard turn. I just wasn't ready for it. I'm sorry. Are we good or not? Is it our fault or not? I do think it's our fault. Okay, but besides being civically engaged and caring about the world, what can a young person do to make money?

Well, again, I think it's- Nobody got that one, but it's all right.

Because what you're describing is policies, right? I think a lot of young people feel disenfranchised in voting. And so besides-Agency.

Everyone needs to have a sense of agency. You do have agency. One, recognize how fast time is going to go. If between the ages of 20 and 30, if you just save 3 to 6% of your salary, you're going to end up wealthy by the time you're my age. Recognize the time is going to go faster than you think, diversify, and also recognize that your 20s is about workshopping. Don't be so hard on yourself, but also recognize you're going to live a lot longer than you think. Just try to develop a savings muscle and put a little bit of money away in case you don't go double platinum or sell a business. Most of us, because our species hasn't lived past 35 for 99% of our time on this planet, we have trouble believing that you're going to be my age. That's why we're so horrified when we look in the mirror past 35. We're just not used to seeing it.

I'm horrified looking in front of me right now.

You just made my wife your best friend. Anyways, this is essentially start early. You can save, you can control. Control your spending, spend less than you make, develop a savings muscle, and then really lean into your strengths and try and become great at something, and pick a non-vanity industry that has greater than a 90 plus % employment rate.

Okay, so your advice, young people, is that the boomers are screwing you over. Try to vote people in who can hopefully reverse that a little bit.

Our elected officials are a cross between the Golden Girls and the Walking Dead. The average age But that is true.

I'm asking you as a person who's more experienced than me and much more well-read on this, do you feel like this is the last death grasp of the boomers trying to hold on? If we just can wait them out another five years, we can regain control and balance things out, hopefully?

I think that's hopeful. But the average age is now the oldest elected populace of any democratic institution. What happens in a democracy if you're not forward leaning like our ancestors and invest in middle class. Old people have figured out they can vote themselves more money. Does a person, a speaker of the House, when she had her first child, Castro had just declared martial law in Cuba. Two-thirds of houses did not have a TV. Does she really understand the challenges facing a 25-year-old single mother or a 22-year-old male who has a lack of economic or romantic prospects? The average age of Americans is 35. We need a representative democracy. We need more young people that will vote for money and make forward Doing investments.

Man, you just said, I'm done. When these boomers just won't die, they just won't die. They keep holding on making decisions. They're entrenched in decision-making positions. They're lowering the capital gains tax. So that networth essentially compounds year after year.

See, you got it. There's an incumbency rate of between 92 and 95 %. In addition, because of gerrymandering, we essentially send to Washington hard right crazies and hard left crazies who have one thing in common, and that is they're really old and they keep voting themselves more money. Sure. If we don't start investing in the future, democracy is literally going to collapse on itself. When we get to these levels of income inequality, they owe us self-correct through war, famine, and revolution. We need to do something about this.

Okay, so we'll be fine is what you're saying. That's right. The solution is find people who speak this language and vote them in, right? That sounds like what you're-We absolutely need a younger electorate, but we also need fiscal policies that do what our previous generations did, invest in the future, an investment in the middle class technologies. But as someone who speaks... No, I'm sorry to cut you off, but as someone Someone who speaks boomer, when you talk to your fellow boomers and you tell them, You're taking away the things that you benefited from. Can we put them back in? How do you convince these old people to do that? You know what I mean?

The key to progress with those FDR Teddy Roosevelt is having a series of class traders. If you don't make these forward-leaning investments, the reality is you have your world of work, you have your world of friends, you have your world of kids. When something comes off the track with one of your kids, the whole world shrinks to that kid. The question is, are we willing to make the same forward-leaning investments that your father and our grandparents made in America moving forward? We have lost that sense of comedy of man. One solution that I think would help us get back to that is that I think we need mandatory national service such as we can develop more connective tissue and young Americans can meet people from other ethnic groups, other sexual orientation, and realize that they can build something great in the agency of others and not see each other as Republicans, not see each other as Democrats or trans or non-trans, but see each other as Americans, and start making these forward-laning investments that have made them Africa.

Well, as a young person, thank you for trying to look after the next generation. I appreciate that. I hope more old people can be like you. I appreciate that. The algebra of wealth is available now. Start, Galloway.

Explore more shows from The Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts. Watch The Daily Show weeknights at 11:00, 10:00 Central on Comedy Central. And stream full episodes anytime on Paramount Plus.

Paramount Podcasts. If you're listening to this ad, it's no accident unless you forgot to hit skip. But for marketers, finding the right audience matters. We worked hard for your attention, but you don't need to for your business. With Paramount Ads Manager, now you can reach huge audiences on the hottest shows on TV. That's right. Big shows aren't just for the big brands. You can get 30 second views on TV instead of three in their social feeds. Best of all, it's easy. Sign up today, be on TV tomorrow with Paramount Ads Manager. Go to adsmanager. Paramount. Com. That's adsmanager. Paramount. Com to learn more.

It's been a three-year wait, but the Olympics are back, and the CBS Sports Podcast Network has you covered with everything happening in Paris. It's a new era for the US women's national team, and attacking third will tackle all the women's soccer action. First Cut will keep close tabs on golf, while Beyond the Arc will follow the US men's basketball team on a a quest for another gold. We need to talk now. We'll provide comprehensive coverage of women's athletes at the Olympic Games. Follow and listen to all CBS Sports podcast for free on the Odyssey app and wherever you get your podcast.