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Tom Bilyeu's Impact Theory

Why “Tax the Rich” Won’t Save You—The Brutal Truth About Inflation, Debt & the Disappearing Middle Class | Tom Bilyeu Deep Dive

Tom Bilyeu's Impact Theory

Impact Theory

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

4.75.1K Ratings

🗓️ 4 August 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

In today’s episode, Tom and Producer Drew dive into the passionate—and sometimes heated—comments from their recent deep dive on taxes and economic inequality. Using your thought-provoking feedback as a springboard, Tom tackles the emotional debate around whether the rich are paying their fair share, why taxes hit the poor and middle class hardest, and what’s really behind the growing economic divide. From the complexities of inflation, debt, and money printing to the provocative notion that “eating the rich” can backfire historically, this episode doesn’t shy away from hard truths. Tom breaks down how government spending, loopholes, and the influence of lobbyists contribute to our economic woes—and why simply taxing the wealthy isn’t the silver bullet many hope it might be. If you’ve ever wondered how economic policy truly impacts everyday lives, or what steps we could take to restore prosperity for the middle class, you won’t want to miss this candid, sometimes contentious, and always insightful Q&A. Get ready to challenge your assumptions and gain a deeper understanding of the real issues driving our economic challenges. SHOWNOTES 00:00 Debt and Money Printing Debate 03:46 Flat Tax vs. High Brackets 06:55 Tax Fairness Debate: Wealthy Share 11:03 Revive Middle-Class Jobs with Manufacturing 13:03 Deregulation's Impact on Inequality 16:14 Economic Struggles: Debt & Inflation 19:32 "Eat the Rich: A Call to Action" 24:33 "Inflation as Theft" 28:05 "Wealth Imbalance and Market Collapse" 31:16 Wealth Redistribution and Economic Balance 34:24 Banking Inequality and Exploitation 36:08 "Learning, Investing, and Inflation Insights" 40:13 Risky Lending Encouraged by Bailouts 41:59 Debt and Money Printing Concerns CHECK OUT OUR SPONSORS Vital Proteins: Get 20% off by going to https://www.vitalproteins.com and entering promo code IMPACT at check out Allio Capital: Macro investing for people who want to understand the big picture. Download their app in the App Store or at Google Play, or text my name “TOM” to 511511. SleepMe: Visit https://sleep.me/impact to get your Chilipad and save 20% with code IMPACT. Try it risk-free with their 30-night sleep trial and free shipping. ButcherBox: Ready to level up your meals? Go to https://butcherbox.com/impact to get $20 off your first box and FREE bacon for life with the Bilyeu Box! Netsuite: Download the new e-book Navigating Global Trade: 3 Insights for Leaders at http://NetSuite.com/Theory What's up, everybody? It's Tom Bilyeu here: If you want my help... STARTING a business: join me here at ZERO TO FOUNDER SCALING a business: see if you qualify here. Get my battle-tested strategies and insights delivered weekly to your inbox: sign up here. ********************************************************************** 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. ********************************************************************** LISTEN TO IMPACT THEORY AD FREE + BONUS EPISODES on APPLE PODCASTS: apple.co/impacttheory ********************************************************************** 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 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I get hundreds, sometimes thousands of comments on my videos, and today we're going to be going deep

0:05.2

into the comments on the recent deep dive on taxes. Here it is, Drew, welcome to the comment section.

0:11.4

Hey, let's do it. These are all the comments directly on the latest deep dive, do the rich pay their fair share.

0:17.2

Dub Tube 271 asks, this discussion only considers income taxes. It does not address the

0:22.4

regressive, oppressive taxes in addition to income tax, such as sales taxes, property taxes,

0:27.9

employment, and Medicaid tax, which economically enslaved the poor and middle class more

0:31.8

disproportionately. Tom, your response. So he's not wrong. I didn't go into all the other ways that people get taxed.

0:39.3

This is a big part of the reason why people don't like a VAT tax, a value added tax,

0:43.6

is it ends up being a consumption tax. Consumption tax hurts the poor and middle class. They are

0:49.7

not wrong about that in any way, shape, or form. The problem is when people are talking about

0:53.8

the rich aren't paying their fair share, it's coming from a place of populism. We have shifted

0:59.0

over into emotion. It's not actually based on reality. So if people want to have a conversation

1:04.0

about, okay, the poor and middle class are hurting, we want to do things that will help them.

1:10.0

I love that. That is the very

1:11.8

thing that I'm trying to get across is I want people to focus on what the real problem is. The real

1:16.2

problem is debt and money printing. If people want to know why the poor and middle class are

1:20.6

suffering, it isn't because they have to pay tax on the things that they purchase. It's because

1:24.9

they are stuck in a loop that is pushing them harder and

1:27.7

harder into the have not category. I try to explain in the video exactly how that happens.

1:32.9

So I'll leave people to watch that. We address that very specifically. I've done literally like

1:38.1

a dozen videos at this point on exactly how that works. But that's the real problem. And I just

1:43.7

want to remind everybody,

...

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