Trump Just Triggered the Collapse of the IRS – No One’s Ready for What’s Next

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 24 November 2025

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to Impact Theory with Tom Bilyeu! In today’s episode, Tom Bilyeu and his co-host Drew dive headfirst into some of the most pressing issues shaping our future. From the volatility of today’s markets and the AI boom, to the complexities of wealth, government spending, and the evolution of education, this episode is a masterclass in first-principles thinking matched with real-world urgency. You’ll hear Tom Bilyeu dissect the hype and reality behind AI advancements and market bubbles, breaking down how future profits and technological bets are shaping everything from Tesla’s stock price to global alliances with Nvidia, Microsoft, and Anthropic. On the education front, Drew and Tom Bilyeu debate the effectiveness of the Department of Education, why simply throwing money at societal problems doesn’t work, and how AI could radically reshape how we learn—if we’re willing to measure what truly matters. Of course, no episode is complete without a tough look at wealth inequality, the myth of the “billionaire quick fix,” and what it actually takes to build a lasting, thriving society. Expect strong opinions, grounded wisdom, and plenty of laughs as Tom Bilyeu and Drew challenge conventional thinking and explore what it means to thrive in an era of exponential change. Let’s jump in! What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER: https://tombilyeu.com/zero-to-founder?utm_campaign=Podcast%20Offer&utm_source=podca[%E2%80%A6]d%20end%20of%20show&utm_content=podcast%20ad%20end%20of%20show SCALING a business: see if you qualify here.: https://tombilyeu.com/call Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here.: https://tombilyeu.com/ ********************************************************************** If you're serious about leveling up your life, I urge you to check out my new podcast, Tom Bilyeu’s Mindset Playbook —a goldmine of my most impactful episodes on mindset, business, and health. Trust me, your future self will thank you. ********************************************************************** FOLLOW TOM: Instagram: https://www.instagram.com/tombilyeu/ Tik Tok: https://www.tiktok.com/@tombilyeu?lang=en Twitter: https://twitter.com/tombilyeu YouTube: https://www.youtube.com/@TomBilyeu Linkedin: Post your job free at https://linkedin.com/impacttheory HomeServe: Help protect your home systems – and your wallet – with HomeServe against covered repairs. Plans start at just $4.99 a month at https://homeserve.com True Classic: Upgrade your wardrobe at https://trueclassic.com/impact Incogni: Take your personal data back with Incogni! Use code IMPACT at the link below and get 60% off an annual plan: https://incogni.com/impact CashApp: Download Cash App Today: https://capl.onelink.me/vFut/v6nymgjl #CashAppPod Business Wars: Follow Business Wars on the Wondery App or wherever you get your podcasts. Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact AirDoctor: Up to $300 off with code IMPACT at https://airdoctorpro.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Why are businesses like HelloVet choosing Apple products and services?
0:05.0	So we started the business two years ago.
0:07.0	We had a few people who were used to PCs and this was their first foray into Macs.
0:12.0	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:18.0	Find out how Mac can help you run and grow your business at Apple.com forward slash hello vet.
0:26.2	IRS enforcement staffing has fallen by 34% even as the tax code ballooned to more than 4 million words.
0:36.9	Over 25,000 IRS employees have been eliminated in the last few years.
0:43.3	It's the largest collapse of U.S. tax enforcement in modern history. The IRS now audits less than 0.2% of taxpayers, the lowest audit rate in a century. Audits for
0:57.0	millionaires have dropped by over 70% and audits for billion dollar corporations have dropped
1:03.0	by more than half. It's all actually happening. Trump's long promised plan to collapse the IRS is no longer just talk. With IRS layoffs,
1:14.6	the one big beautiful bill tax reform, and record-breaking tariff revenue, we are witnessing
1:20.6	the most radical shift in American taxation in 100 years. The question is why? What's Trump's vision? Replace the IRS with a
1:31.6	streamlined system funded by foreign tariffs instead of punishing hardworking Americans? Maybe,
1:38.5	but here's the problem. The government is still spending $7 trillion a year while collecting only $5 trillion.
1:47.0	And that gap will sink us.
1:50.0	This isn't just about taxes. It's about power, control, and whether you get crushed or come out ahead.
1:58.0	When I started my research, I actually wasn't sure
2:00.9	why things were headed this direction,
2:03.0	because a tax system doesn't just quietly dismantle itself,
2:07.5	not while the national debt is exploding faster
2:10.5	than at any other point in our history.
2:13.4	Someone wants this, but why now?
	...

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