Black Friday Sales Surge, Abolishing Income Tax, and Foreclosures On The Rise | Money Moves

Millionaire Mindcast

Matt Aitchison

Investing, Business

4.8 • 721 Ratings

🗓️ 3 December 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode of Money Moves, Matty and Ryan break down a packed week of market-moving headlines—starting with record-shattering Black Friday sales, a bold political push to abolish income tax, and new data showing foreclosures beginning to rise across the country.

They unpack the implications of $11.8 billion in online Black Friday spending, surging Buy Now Pay Later adoption, and what consumer behavior tells us about the strength—or vulnerability—of the American household heading into 2026.

The conversation then pivots to Trump’s increasingly vocal proposal to eliminate income tax and what that could actually look like when you follow the money. Ryan outlines where revenue would realistically come from, the role tariffs might play, and why high-income earners are unlikely to escape the taxman entirely.

Finally, they dive into the early warning signs in real estate: a 20% surge in foreclosures, rising household debt, declining home values in more than half the country, and why builders and contractors are suddenly slowing down after three years of nonstop demand.

From macro data to mindset, policy to portfolio strategy, this episode gives you a blunt, unfiltered look at what’s really happening—and how to position yourself for what comes next.

Topics Covered:

Record-breaking Black Friday and weekend sales
Surging Buy Now Pay Later usage among younger and higher-income consumers
Market outlook and the potential Santa Claus rally
Quantitative tightening ending and what QE/QT shifts mean for investors
Rising credit card usage and cracks in the consumer debt cycle
Trump’s push to abolish income tax and the realistic feasibility
Tariffs, flat sales tax, and alternate revenue models
Institutional crypto adoption and Vanguard’s ETF reversal
Foreclosures up 20% and household debt hitting new records
Home price declines vs. rising median sale price
Contractors and builders slowing as demand shows early signs of cooling
Housing affordability outlook heading into 2026
AI valuations, Anthropic’s IPO plans, and future Fed chair speculation

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Transcript

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0:00.0	I would love it to be 50-50.
0:02.6	I'm trying to scratch my brain and figure out where it would come from because you can't
0:08.5	really just get rid of it.
0:09.9	I think that what that means is there might be a small percentage of people who don't pay
0:16.9	an income tax.
0:18.6	But I highly doubt, I wish, but I highly doubt highly compensated individuals
0:23.6	like yourself and myself will fall into the category of getting no income tax. I would love it,
0:29.4	and I just don't think that's going to happen.
0:36.9	What's going on, guys?
0:38.4	Welcome back to another episode of Money Moves.
0:40.5	As always, your host, Maddie A, my co-host, Mr. Ryan Bredwell.
0:44.9	What up?
0:46.3	We hope everybody had a great Thanksgiving.
0:49.4	I know I did.
0:50.6	I ate a lot of food and drank a lot of wine, and it was absolutely glorious. Mm-hmm. How was yours? I ate a lot of food and drank a lot of wine and it was absolutely glorious.
0:56.0	Mm-hmm. How was yours? I ate a lot of food. I had a lot of food. I actually did have like a
1:01.1	couple glasses of wine. But I had a really good time. Yeah, I had a really good time. We hosted at our
1:06.6	house. So it was like a little chaotic. 21 people, 22, 21 people.
1:13.2	It was a good time seeing all the family.
1:15.1	That's awesome, man.
1:15.9	Well, we hope you guys all enjoyed whatever you did, whoever you did it with.
1:19.1	Hopefully it was memorable and amazing.
	...

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