Picking up where they left off, Tom and Dave tackle the hard realities of economic instability, debt spirals, and the perilous connection between populist narrative battles and actual policy. The duo examine what’s at stake as America approaches its 250th anniversary, questioning what national values and stories we ought to anchor in—and how those can overcome destructive polarization and utopian fantasies.

The conversation doesn’t shy away from hard truths—touching on everything from the psychological underpinnings of envy, the impact of socialism, to the existential rivalry between the US and China. Dave opens up about personal responsibility, localism vs. federal overreach, and the urgent need for optimism and grounded action in tumultuous times. To close, Dave shares insights into his off-the-grid ritual and previews his groundbreaking experiment with AI as a stand-in host. If you crave an unfiltered look at the future—both technological and political—this half delivers the inspirational and cautionary notes you need to hear.

SHOWNOTES
28:05 Emotional Narratives, Economic Fear, and Tribalism
43:32 Real-World Culture vs. Online Extremism
01:02:27 Socialism vs. Local Responsibility—The Danger of Utopian Thinking
01:11:17 Home Ownership, Fiat Currencies & The Death Spiral
01:23:50 Dave’s Off-the-Grid Ritual Explained

FOLLOW DAVE RUBIN:
X (Twitter): https://twitter.com/RubinReport
Instagram: https://www.instagram.com/rubinreport/
YouTube: https://www.youtube.com/@RubinReport
Rumble: https://rumble.com/c/RubinReport
Website: https://rubinreport.com/

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

Known for his sharp insights on media, identity, and the shape of the American conversation, Dave joins Joe just as he's about to head "off the grid" for a month-long digital detox—making this one of his final interviews before a complete unplug.

Together, Tom and Dave dive into the rise of the "woke right," the evolution of right-wing populism, and the complex dynamics fueling extremism on both sides of the aisle. The conversation covers everything from cultural hysteria and the economics behind fear-driven media, to the real-world implications of identity politics and anti-Semitism. They debate narrative control in American society, the comparison of current media figures, and speculate on the deeper economic forces that are shaping today’s political climate. If you want a candid look behind the headlines—filled with both black pills and white pills—this episode pulls no punches on what's at stake.

SHOWNOTES
00:00 Dave’s Annual Off-the-Grid August & Its Purpose
03:33 Yearly "Check-in": The State of Political Discourse
03:49 Who’s Driving the Rise of the Woke Right?
05:46 The Danger of Fear-Driven Narratives (Tucker Carlson Discussion)
07:24 Racial Elements & Online "Grievance" Movements
10:00 Roots of Modern Anti-Semitism Explained
11:16 Parallels Between the Woke Left and Woke Right
14:00 Young White Men, Social Contagion, & Internet Radicalization
15:21 The Collapse of Institutional Trust & The Jordan Peterson Prediction
17:47 Populism, Economics, & The Right-Left Horseshoe Effect
19:39 Recent Economic “Wins”—Are Things Actually “Working”?
22:20 The Power of Narrative and the New Online Right
25:07 Free Speech, Intramural Dissent, and the Dangers of Groupthink
26:03 Mapping Populist Emotions & America’s Economic Reality

FOLLOW DAVE RUBIN:
X (Twitter): https://twitter.com/RubinReport
Instagram: https://www.instagram.com/rubinreport/
YouTube: https://www.youtube.com/@RubinReport
Rumble: https://rumble.com/c/RubinReport
Website: https://rubinreport.com/

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

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

On this episode of Impact Theory with Tom Bilyeu, he lays out the most fundamental aspects of a good leader. Adam and Tom discuss humility, integrity and the importance of being a giver, not a taker. They also delve deep into the idea of “cognitive entrenchment”, which is a deadly trap that everyone has to deal with, no matter how educated, informed, or driven they are.

ORIGINAL AIR DATE: 6-16-20

SHOW NOTES:

What are the universal principles of leadership? [1:29]

Are you a giver or a taker? [2:42]

Adam explains how to be successful as a giver, and the main traps to avoid [4:31]

If you want to lead, you must keep people’s attention on the message, not on you [6:30]

A leader is like a shepherd, very rarely out in front of the flock [10:03]

Adam describes the skills leaders need to acquire, and the criticism they need to seek [13:12]

Adam explains why he works so hard to avoid getting caught up in being right [17:01]

Teams who have too many superstars don’t win championships [20:53]

The leader of a team is often the person who most exemplifies what the group stands for [24:48]

Adam describes “cognitive entrenchment” where experts get mentally stuck [25:37]

Tom and Adam discuss the need for hyper-specific goals and testable hypotheses [28:47]

Is there a point where the constant need for personal growth actually becomes harmful? [33:33]

Tom talks about being a synthesizer, instead of being the thinker of original thoughts [37:13]

Do you care about what you want to say, or about what people will actually hear? [40:36]

Adam talks about why he doesn’t always follow his intuition [42:04]

FOLLOW:

WEBSITE: www.adamgrant.net

INSTAGRAM: https://bit.ly/3cVIYMQ

FACEBOOK: https://bit.ly/2MMhyhU

TWITTER: https://bit.ly/3dTIjNv

What's up, everybody? It's Tom Bilyeu here:

If you want my help...

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.

**********************************************************************

Join me live on my Twitch stream. I'm live daily from 6:30 to 8:30 am PT at www.twitch.tv/tombilyeu

**********************************************************************

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

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

Tom and co-host Drew tackle some of the most pressing issues shaping our world right now—from trade deals and tech breakthroughs to the complexities of American politics and evolving cultural narratives.

The conversation kicks off with reactions to a major US-EU trade agreement and what it means for America’s place in the global economy. Tom and Drew dive into the ongoing gridlock in Congress, sparked by passionate remarks from Cory Booker, and discuss whether polarization is crippling the nation—or protecting it from “doing anything really crazy.” They draw surprising parallels between the American political landscape and other countries, especially China.

Next, the team explores a viral ad campaign starring Sydney Sweeney, unpacking the culture war currently raging over beauty standards, identity, and the stories we tell ourselves as a society. Tom makes the case for the power of uplifting narratives—both for individuals and entire nations—while warning of the risks when those narratives turn toxic.

SHOWNOTES

00:00 Political Gridlock and Lack of Compromise

05:44 Bipartisan Values Amidst Polarization

12:23 "Expectations vs. Reality"

16:28 The Dangers of Disempowering Narratives

21:19 Evolutionary Signals of Attractiveness

26:38 Blonde Hair, Blue Eyes Debate

33:50 "Value Added Tax Impact"

38:42 "Vision Beyond Today"

44:31 "Pursuit of Success: Go to America"

50:22 "Unreal Engine's Transformative Impact"

55:35 Children's Bonds with Characters

01:01:49 "AI Future: Utopia or Dystopia?"

01:05:37 Continuous Skill Improvement Strategy

01:11:44 "Understanding Leads to Wealth"

01:16:43 Violent Currents Cause Whale Beaching

01:23:43 Exclusion Fuels Social Media Backlash

01:25:41 Misuse of Men's Reputation Tool

01:30:22 "Finding Social Opportunities to Shine"

01:35:51 "Women as Evolution's Gatekeepers"

01:42:46 "Motherhood and Mate Selection Strategy"

01:47:59 Exploiting Global Dating Markets

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

In Part 2 of Tom Bilyeu’s epic conversation with Kevin O’Leary, the discussion escalates from global power struggles to the very heart of America’s economic future. As the superpowers of the US and China face off, Tom and Kevin analyze the survival of the American dream—are freedom and entrepreneurship enough to keep America competitive in an era of inequality, populism, and ballooning debt?

This half of the episode pulls back the curtain on political self-correction in democracy, the risk of America’s debt cycle approaching collapse, the search for genuine economic growth, and the radical innovation that could save the day. If you want razor-sharp commentary on AI, the stability of the US dollar, and whether America can avoid a fiscal disaster, don’t miss this eye-opening dialogue.

SHOWNOTES
20:03 – Can Xi and Trump Find Resolution or Disaster?
23:57 – The Thucydides Trap & America vs China Cold War
25:28 – Why America Still Attracts Human Capital
27:02 – Can Democracy Continue to Win?
29:04 – Will American Youth Abandon Capitalism?
31:01 – Political Populism and the Cycle of Self-Correction
33:31 – What Turns Socialists into Capitalists
34:16 – The Debt Cycle and the Danger of Collapse
36:14 – The Dissolving Middle Class and Extreme Inequality
40:28 – Can America Still Out-Innovate the World?
43:20 – Unlocking Growth: Will the Bond Market Crack?
45:30 – The Rise of Stablecoins and Dollar Dominance
50:04 – Why the World Still Trusts the US Treasury
51:46 – Kevin’s Final Argument: Finance, Innovation, and America’s Future

FOLLOW KEVIN O’LEARY
Instagram: https://www.instagram.com/kevinolearytv/
Twitter: https://twitter.com/kevinolearytv
YouTube: https://www.youtube.com/@kevinolearytv

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

In this powerhouse episode of Impact Theory, Tom Bilyeu sits down with the legendary investor and entrepreneur Kevin O’Leary, famously known as “Mr. Wonderful” from Shark Tank. With his trademark candor and economic insight, Kevin breaks down what's really happening with America's global negotiating power, the controversial tactics of Donald Trump, and how America's financial future hangs in the balance.

Tom and Kevin take you behind the headlines to dissect America's true leverage in global trade, the economic chess match with China, and what investors should be watching for in the chaos of tariff wars and shifting alliances. This conversation is essential listening for anyone concerned about economic security, the future of US policy, and the policies shaping markets worldwide. Get ready for an unfiltered perspective on tariffs, taxation, and the fate of American innovation.

SHOWNOTES
00:00 – America’s Precarious Position & Global Leverage
01:05 – Are Tariffs Hurting or Helping? Trump’s Negotiating Style
03:00 – How Value Added Taxes Shape Trade Deals
04:18 – Political Chaos vs Policy Outcomes
06:53 – Investor Mindset in Uncertain Times
08:35 – What Would Ring Kevin’s Alarm Bells?
11:01 – China: The Real Economic Battleground
13:08 – How China Rose by Ignoring the Rules
16:28 – TikTok, Nvidia, and the Next Phase of US–China Relations
19:33 – America Gets “Screwed” One Innovation at a Time

FOLLOW KEVIN O’LEARY
Instagram: https://www.instagram.com/kevinolearytv/
Twitter: https://twitter.com/kevinolearytv
YouTube: https://www.youtube.com/@kevinolearytv

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

In today's episode, we're diving deep into one of the most controversial and complex issues of our time: wealth inequality and the fierce debate around taxing the rich. Hashtags like “EatTheRich” have taken over social media, and public figures are demanding that billionaires pay their “fair share.” But what do the numbers actually say—are the wealthy really freeloading, or are we missing the bigger picture?

Tom unpacks the realities behind the statistics, breaking down who really funds the government, why taxing the rich might not be the solution people think it is, and the powerful psychological forces driving resentment and populism. Along the way, he traces the real culprits behind the shrinking middle class—from runaway inflation and globalization to misguided regulations.

If you've ever wondered whether simply taxing billionaires could fix our economic system, or why history shows that punitive tax policies often backfire, this episode will leave you questioning common wisdom and craving real solutions. Get ready for a data-driven, myth-busting journey that reveals both the causes of inequality and what needs to happen for genuine progress. Let’s jump in!

SHOWNOTES

00:00 "Tax Burden Disparities in Income"

06:48 Revolutionary Violence and Its Consequences

09:15 Gini Coefficient: Measuring Inequality

11:00 Psychological Traps Worsen Wealth Gap

14:14 "Envy Drives Taxing the Rich"

19:52 Middle Class Squeeze by Globalization

22:52 Wealthy Flee UK: Tax Policy Shift

25:47 US Wealth Attraction and Tax Risks

30:31 "Globalization's Impact on Labor Wages"

34:13 "Reducing Regulations Boosts Economic Growth"

35:20 Economic Strategy for U.S. Competitiveness

39:20 "Solutions Over Scapegoats"

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

Best-selling author Cal Newport literally wrote the book on how to “Get so good they can’t ignore you.” Instead of looking inwards and trying to find your one true passion, he advises lowering the bar and finding a few decent interests. Then, raise the bar for skill acquisition and mastery. Anyone feeling “stuck” in life will find his approach challenging and refreshing. So tune into this episode of Impact Theory with Tom Bilyeu, and listen to Cal Newport discuss why you should not necessarily follow your passion, why you should disconnect from social media, and why sacrifice promotes the good life.

ORIGINAL AIR DATE: 6-11-19

SHOW NOTES:

[2:42] Cal explains why you should not follow your passion.

[9:39] Cal and Tom discuss apprenticeship and the importance of knowledge and connections.

[19:35] Cal describes sustained thinking by showing how unnatural reading is.

[25:32] Cal advises doing something without your phone on a regular basis.

[32:46] Cal describes productive meditation.

[48:10] Cal shares the impact he wants to have on the world.

FOLLOW:

CalNewport.com

CHECK OUT 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