Valuetainment - December 02, 2025


“Washington Won’t Let This Happen” - Why Trump’s Income Tax BAN Terrifies D.C. Establishment

Topics
affordability
Hosted by
Patrick Bet-David
Mentioned
Trump Vinny Luigi Mangione Casa D'Angelo Mom Donnie Deficit Adam
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Episode Stats


Length

9 minutes

Words per minute

174.71

Word count

1,634

Sentence count

134

Harmful content

Misogyny

3

sentences flagged

Toxicity

7

sentences flagged

Hate speech

1

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Trump has a plan to get rid of all income taxes. Is it a good idea or not? Today, we talk about the possibility that the U.S. may almost completely scrap income taxes due to tariff revenue from the Trump administration.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 Trump, U.S. may almost completely scrap income taxes due to tariff revenue.
00:00:06.140 Now, you know what that is.
00:00:07.560 That's kind of like you're talking dirty to a girl and you say,
00:00:11.400 you won't even know what I'm going to do to you tonight. 0.88
00:00:14.200 And then later on it's like, well, it only was like 48 seconds.
00:00:20.360 I thought you were going to really, well, yeah, but next time.
00:00:23.920 You won't even believe what I'm going to do to you next time. 0.96
00:00:27.760 President Trump is talking dirty. 0.92
00:00:30.000 Here, OK, and taxpayers are sitting there saying, man, keep talking dirty to me, OK? 0.91
00:00:35.600 You won't even know what I'm going to do to your taxes.
00:00:38.260 What are you going to do to my taxes?
00:00:40.140 I'm going to eliminate them and you won't be paying any of it because of tariff income tax.
00:00:44.400 Oh, my God, this is so great.
00:00:45.600 I'm getting so excited.
00:00:46.860 That's what it's sounding like, right?
00:00:48.480 That's a pretty big promise if you can pull it off.
00:00:52.900 Here's President Trump talking dirty to all taxpayers in America.
00:00:57.920 Go ahead, Rob.
00:00:58.360 I think we'll substantially be cutting and maybe cutting out completely, but we'll be cutting income tax.
00:01:06.640 Could be almost completely cutting it because the money we're taking in is going to be so large.
00:01:12.140 And yet other countries who have been ripping us off for many, many years and many years, they've just been ripping us to shreds. 0.77
00:01:19.360 OK, so, Tom, what are the chances that we're getting rid of income taxes?
00:01:28.060 Zero.
00:01:29.240 The federal government establishment will never allow that knob to be removed.
00:01:35.680 That knob on their dashboard is precious.
00:01:40.600 Now, do I believe that Trump has a vision to do it?
00:01:44.500 Absolutely.
00:01:45.740 Am I aligned with that vision and I hope that this can come true?
00:01:49.740 Absolutely.
00:01:50.260 But I'll tell you, it's going to be tough to get there.
00:01:54.180 And the analysis early on that says it'll reduce the deficit by $2.8 trillion.
00:02:01.480 Deficit is different from debt.
00:02:03.540 As long as we have a deficit, we're making more debt every year.
00:02:06.900 And so we need to remove deficit to zero so we have something of a surplus.
00:02:11.500 Now we can start paying off debt.
00:02:13.300 And I don't think that the establishment would let it go away.
00:02:18.140 Now, can the tariffs get so high that he can put in a massive tax cut that says, hey, look, this is now being replaced by this.
00:02:27.160 So I'm going to take the weight off the American people and I'm going to really reduce income taxes.
00:02:31.960 Yep.
00:02:32.300 I think could that come in two years?
00:02:33.840 I believe it definitely could.
00:02:35.240 It'll be a fight and the midterms have to go well.
00:02:37.920 But if the midterms go at least well enough to keep enough of the House and the tariffs show that they're generating that, then on the second half, the lame duck part of his presidency, as they call it, you know, 26 to 28, you know what?
00:02:54.500 Could he radically cut income taxes?
00:02:56.760 Absolutely he could.
00:02:58.060 Remember, once upon a time, the country was run on tariffs.
00:03:01.980 Once upon a time, that's where we got it.
00:03:04.240 And not a long time ago, by the way, 110 years ago.
00:03:06.700 That's correct.
00:03:07.140 We're not talking about 200 years ago in the 1700s or 1800s.
00:03:09.900 Yeah, I believe that the total income tax emergence was the four years after World War I.
00:03:17.140 I believe it's like 1916 to 1920, I believe, is when the emergence of it was, the modern tax.
00:03:24.880 So, and, by the way, that was when the charities were created because they wanted to find ways to get Carnegie and others to invest into things like hospitals and schools and stuff.
00:03:37.000 And so they created the tax deduction, you know, moments after the tax were created, the tax deduction was created.
00:03:43.220 But that's my two cents.
00:03:44.780 I think, could we see it come down?
00:03:46.600 Yes, we could.
00:03:47.800 But I don't think the establishment in Washington should, you know, would let it happen.
00:03:53.920 Look how much they fight the balanced budget amendment.
00:03:56.480 The balanced budget amendment that simply says the states have to balance their budgets, so does the federal government.
00:04:02.080 They don't want that because they are perfectly content to debt us into the future.
00:04:07.160 Well, CBO estimates that before counting for economic side effects, the new tariffs will reduce primary deficits by $2.5 trillion and cut interest payments by another $500 billion.
00:04:17.080 For total deficit reduction, $3 trillion after factoring in modest economic drag, slightly lower GDP, and temporarily higher inflation.
00:04:24.860 The net deficit reduction is pegged at $2.8 trillion.
00:04:28.620 Adam, your thoughts on this?
00:04:30.200 So this is part of a bigger story that is basically pervasive in America today, and it's this whole concept about affordability. 0.99
00:04:36.620 So if you've heard this buzzword that keeps popping up, affordability, affordability, affordability, this used to be called, it's the economy, stupid. 1.00
00:04:43.900 Now it's affordability, stupid. 1.00
00:04:46.100 So the cost of living has skyrocketed in America over the last decade. 0.99
00:04:50.360 This is what happens when you print trillions of dollars, quantitative easing, as they call it, or quantitative tightening in some respects.
00:04:58.520 But we're living in the greatest country ever created, the greatest country in the world.
00:05:04.680 But for a lot of people, it doesn't feel that way because they can't afford anything.
00:05:08.940 That's why a lot of young people are frustrated.
00:05:10.700 Like, buying a house, like, dream on, buddy.
00:05:12.940 It's not going to happen right now.
00:05:14.000 You know, getting a new car is as expensive as rent was five, ten years ago.
00:05:20.080 Food, eggs, prices are crazy.
00:05:22.180 Healthcare, now they're supporting Luigi Mangione because he's anti-insurance conglomerates and all that.
00:05:29.060 So if you can fix affordability in America, you can fix America.
00:05:33.580 You know, the whole American dream is the land of opportunity, land to be where you want to be, land to do what you want to do.
00:05:39.060 It doesn't feel like that for a lot of people because they can't afford those things.
00:05:43.060 So in my opinion, this is all sort of downstream of Trump trying to make, quote unquote, America affordable again.
00:05:50.500 That's what's needed.
00:05:51.720 The most ironic part is that the least affordable cities in America are all big blue cities.
00:05:59.460 New York City, this is why they elected Mom Donnie as if he's going to solve it, not going to happen. 0.94
00:06:02.940 Boston, L.A., San Francisco, Boston, D.C., all these big blue cities are completely unaffordable.
00:06:10.540 So this is why, don't be shocked when you hear this term, affordability come up over and over and over again because that's what Trump is focused on.
00:06:17.640 Number one issue in America.
00:06:18.940 Folks, you know what today is?
00:06:20.300 Cyber Monday, okay?
00:06:22.400 Today's Cyber Monday.
00:06:23.500 If you remember on Black Friday, we announced something.
00:06:25.880 One of the goals we had when we announced this last year was we wanted a million people to wear the future looks bright gear.
00:06:33.660 We are close to 500,000 people.
00:06:37.000 We're about to pass 500,000 people worldwide that have future looks bright gear, which means we're another half a million away.
00:06:43.680 I love it.
00:06:44.380 If you believe the future looks bright, you want gear for yourself, for your coworkers, for your kids, for your spouse, for your relatives this Christmas.
00:06:53.160 Get them.
00:06:53.620 You know what I'd love to see happen?
00:06:55.480 Get people future looks bright hat and gear that don't even follow the merch, that don't even follow the podcast.
00:07:01.520 Give them a future looks bright hat during Christmas and see their reaction.
00:07:05.700 So this is the last day that you'll see 30 to upwards of 70% discount on 99% of the items on vtmerge.com.
00:07:15.400 This is the last day.
00:07:16.260 Nothing else will happen after this.
00:07:17.500 Everything will go back to regular prices.
00:07:19.120 If you're looking for a couple of unique things that people are asking us about, of course, the FLB shoes.
00:07:23.160 By the way, just so you know, the last 60, 61 days, I've worn this except for one day.
00:07:29.200 Every day.
00:07:29.600 Today, I'm wearing a brown, and Vinny's wearing it as well today.
00:07:32.120 This is all I'm wearing right now.
00:07:33.360 So if you want to get the shoes, the Black Friday offers to look out for is the Black Friday digital course mega bundle.
00:07:42.500 All the events, everything that we have, public speaking course, PBD sales system, SLS Sales Leadership Summit, vault recording, all bundle at $9.97.
00:07:52.060 Great offer.
00:07:52.560 The shirts, I'm wearing a vitamin shirt right now.
00:07:54.900 You can go a little bit lower, Rob.
00:07:56.240 You can look at these items.
00:07:57.420 We'll put the link below for you to go to.
00:07:59.340 But if not for yourself, if you're planning on shopping for friends and family this Christmas, surprise them with a Future Looks Bright hat.
00:08:06.400 Surprise them with a Future Looks Bright shirt.
00:08:09.260 Anyways, in the meantime, go to vtmerge.com and place your order 30% to 70% off.
00:08:15.680 And for the crazy ones, because all the mystery boxes are gone.
00:08:18.240 Those are completely gone.
00:08:19.340 We don't have a single one of those left.
00:08:21.180 But if you're crazy enough to place an order over $2,000, we're going to get all the lists tomorrow.
00:08:26.140 We're going to draw one of them.
00:08:27.820 And someone's going to be invited to come have dinner with us here in Florida.
00:08:31.420 We'll go to Casa D'Angelo.
00:08:32.640 We'll have dinner.
00:08:33.220 Then you'll be sitting right here in between me and Vinny.
00:08:35.640 And we'll do a podcast together.
00:08:37.040 So go to vtmerge.com, place an order over $2,000, and then you'll get yourself possibly a seat when we do the drawn on PB Podcast.
00:08:44.280 If you enjoyed this video, you want to watch more videos like this, click here.
00:08:47.160 And if you want to watch the entire podcast, click here.
00:08:51.180 We'll be right back.