Will AI Kill Capitalism or Save It? Why You’re Still Broke, Masculinity Is Collapsing & No One Wants to Work | The Tom Bilyeu Show LIVE

Tom Bilyeu's Impact Theory

Impact Theory

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

4.7 • 5.1K Ratings

🗓️ 1 August 2025

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this live community-driven session, Drew and Mason take the reins as they dive headfirst into one of the hottest topics out there: income tax, wealth distribution, and the question that never fails to heat up the comments section—are the rich really paying their fair share? Pulling insights from Tom’s recent deep dive, the hosts break down the complexities of “trickle down” economics, dissect why income and wealth are taxed differently, and debate whether things like a flat tax could solve more problems than it creates. We hear sharp arguments from the community, honest takes on how globalization and corporate decisions affect the middle class, and practical advice for anyone trying to break out of financial struggle. But Impact Theory wouldn’t be complete without a look at the personal side. Drew addresses wage stagnation, corporate profits, the realities of investing for everyday people (even if it’s just $10 a month), and what it really takes to move up when you’re stuck working multiple jobs and barely making ends meet. Plus, there’s a candid exploration of dating and gender dynamics in today’s world—what’s broken, what’s changed, and what it actually takes to thrive. SHOWNOTES 00:00 Capitalism vs. Socialism Debate 03:09 "Red Light, Green Light Capitalism" 17:13 "Boosting Domestic Manufacturing" 26:49 "Norway: Unifying or Unique?" 37:18 "Accountability Crucial in Capitalism" 46:28 "Evolution of Gender Roles" 53:35 Searching for the Right Partner SUPPORT OUR SPONSORS Vital Proteins: Get 20% off by going to ⁠https://www.vitalproteins.com⁠ and entering promo code IMPACT at check out SKIMS: Shop SKIMS Mens at ⁠https://www.skims.com/impact⁠ #skimspartner 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. Jerry: Stop needlessly overpaying for car insurance - download the Jerry app or head to ⁠https://jerry.ai/impact⁠ Shopify: Sign up for your one-dollar-per-month trial period at ⁠https://shopify.com/impact⁠ CashApp: Download Cash App Today: ⁠https://capl.onelink.me/vFut/v6nymgjl⁠ #CashAppPod iRestore: For a limited time only, our listeners are getting a HUGE discount on the iRestore Elite when you use code IMPACT at ⁠https://irestore.com/impact⁠ 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

Click on a timestamp to play from that location

0:00.0	Welcome everybody to the Tom Bill U's show. We are live. I am joined by our fearless producer, Drew, who is back in action. It's wonderful to see you. And we've got Mason DJing for the community. So if you guys have anything that you want to say, you want to hear, you want to make sure that I hear, do let him know. We are constantly in the feed paying attention to what you guys are saying so we're
0:22.1	excited to be with you today and that brings us to our deep dive from monday so if you guys haven't
0:26.6	checked it out tom did a whole deep dive about income tax who really plays taxes what is fair share
0:32.0	how we should divvy up the tax pie it's definitely interesting go check it out but there are some
0:37.0	comments that we wanted to share
0:38.3	that definitely stood out. So excuse my copy and paste. I did this on an Excel spreadsheet. But
0:45.4	Martin Steinman 3747 said, we know that trickle down does not work. So why do you still argue for it?
0:52.2	This is trickle down. Okay. Yeah. So first of all, I did not argue for
0:55.8	trickle down economics, but he is wrong in the sense that you will get more investments into
1:02.5	companies, products, job creation when you reduce taxes. That's just a fact, repeated over and over and over and over, and over and over and over, when you reduce taxes. That's just a fact repeated over and over and over and over
1:12.2	and over and over and over and over. When you simultaneously globalize, you don't get to take
1:19.5	advantage of it. And so, yeah, when you run the policies that we ran, there are consequences.
1:26.7	So this is why like for the middle class ends up getting split in half.
1:32.3	Here's why the middle class disappears.
1:33.8	I think everybody thinks that the middle class just becomes broke.
1:36.0	They don't.
1:36.9	Half of the middle class goes up.
1:38.8	Half of the middle class goes down.
1:40.5	That's what hollows out the middle class.
1:43.1	So in your, calling it trickle-down economics was,
1:46.9	they were just trying to sell it to the people. So set that aside for a second. When you
1:52.6	overtax the wealthy, they stop creating jobs go away. The whole GDP contracts. Okay. Just,
	...

Transcript will be available on the free plan in 3 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Impact Theory, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Impact Theory and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.