Where Government Spending and Taxes Go Wrong

Welcome back to Impact Theory with Tom Bilyeu! In this thought-provoking episode, Tom Bilyeu sits down with Scott Galloway for a no-holds-barred conversation on the state of America’s economy, generational divides, and the future of capitalism. Together, they dive into the hard questions: Why are Boomers thriving while younger generations struggle to get ahead? What’s fueling the rise of cronyism and political polarization—and why does class mobility feel increasingly impossible?

Scott Galloway shares sharp insights on topics like entitlements, tax policy, and structural barriers facing young Americans—from housing affordability and stagnating wages to the corrosive effects of monopolies and regulatory capture. The pair debate solutions ranging from progressive taxation and the need for genuine competition to massive investments in housing, education, and healthcare.

But the discussion isn’t just about economics. Tom Bilyeu and Scott Galloway also unpack the psychological side of money, the shifting expectations around masculinity, relationships, and what it means for young men navigating today’s world. Throughout, they challenge each other—and listeners—to think critically about what kind of future we’re building.

If you’re curious about how we got here and what can be done to move the needle, this episode is a must-listen. Let’s get into it!

Business Wars: Follow Business Wars on the Wondery App or wherever you get your podcasts.

Quince: Go to https://quince.com/IMPACTPOD for free shipping on your order and 365-day returns.

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

Netsuite: Right now, get our free business guide, Demystifying AI, at https://NetSuite.com/Theory

Shopify: Sign up for your one-dollar-per-month trial period at https://shopify.com/impact

Raycon:  Up to 20% off during this holiday season at https://buyraycon.com/IMPACTTHEORYBC

Connectteam: 14 day free trial at https://connecteam.cc/46GxoTF

ButcherBox: New users will receive their choice between filet mignon, ribeye or NY Strip in every box for a year + $20 off! at https://butcherbox.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

Cape: 33% off with code IMPACT33 at https://cape.co/impact

True Classic: Upgrade your wardrobe at https://trueclassic.com/impact

Bevel Health: 1st month FREE at https://bevel.health/impact with code 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: 

• 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

Learn more about your ad choices. Visit megaphone.fm/adchoices