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In this video, Scott Galloway discusses the importance of tax avoidance as a key skill in building wealth. He emphasizes that using legal tax strategies is essential for anyone aiming to grow their wealth. Scott draws a parallel to a prisoner of war having an obligation to escape, suggesting that individuals should similarly strive to minimize their tax burden within the bounds of the law.

Scott explains how major corporations like Apple employ sophisticated tax strategies to reduce their tax liabilities. By shifting their intellectual property to subsidiaries in lower-tax jurisdictions like Ireland, these companies can significantly lower their overall tax rates. Scott argues that individuals should take a cue from these corporate practices to legally minimize their taxes.

Despite advocating for personal tax strategies, Scott also expresses support for policies like the alternative minimum tax to ensure that wealthy individuals and corporations contribute their fair share. He highlights the disparity in tax rates, noting that the 25 wealthiest Americans pay between 6% and 8% in taxes, underscoring the need for tax reforms. This video provides valuable insights into legal tax avoidance techniques and the broader implications for tax policy.

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