Latest / Turley Talks / Ep. 3669 Trump Just TRIGGERED the COLLAPSE of the IRS!!!
Transcript
- 0:00[SPEAKER_01]: The liberal globalist order is on its brink and awakening a new conservative age.
- 0:06[SPEAKER_01]: Dr. Steve Turley joined me every day as we discover answers to today's toughest challenges and explore the re-bondalization of conservative civilization.
- 0:18[SPEAKER_01]: This is Turley Talks.
- 0:20[SPEAKER_01]: Imagine a world where April 15th was just another day.
- 0:26[SPEAKER_01]: No filing, no forms, no receipts, and no IRS looking over your shoulder.
- 0:32[SPEAKER_01]: And that's because there wouldn't be an IRS.
- 0:37[SPEAKER_01]: Sound impossible?
- 0:38[SPEAKER_01]: Well then you didn't just hear what President Trump announced today from the Oval Office.
- 0:43[SPEAKER_01]: The federal income tax is about to go extinct.
- 0:46[SPEAKER_01]: this isn't just political rhetoric.
- 0:49[SPEAKER_01]: It's the signal of a massive structural shift that's already underway.
- 0:54[SPEAKER_01]: The IRS is already collapsing from the inside and the numbers show that the era of the income tax may be coming to an end by necessity, not just by choice.
- 1:07[SPEAKER_01]: I think it's me, Dr. Steve, your patriot, professor.
- 1:10[SPEAKER_01]: Enjoying yet another wonderful day, in the glorious golden age that you made possible.
- 1:15[SPEAKER_01]: Back in November the fifths, if you want a front row seat on how you continue to change the world in ways you never even imagine, make sure to smack that bell and subscribe, button and buy.
- 1:25[SPEAKER_01]: I mean, if today doesn't bring home just how much you change the world on November the fifth
- 1:36[SPEAKER_01]: Just announced once again that paying income taxes will soon be a thing of the past.
- 1:44[SPEAKER_00]: Next year is projected to be the largest tax refund season ever, and we're going to be giving back refunds out of the tariffs, because we've taken in literally trillions of dollars, and we're going to be given a nice dividend to the people.
- 1:59[SPEAKER_00]: In addition to reducing debt, we, as you know, I inherited a lot of debt, but it's peanuts compared to the kind of numbers we're talking about.
- 2:09[SPEAKER_00]: So we're going to be making a dividend to the people.
- 2:11[SPEAKER_00]: And additionally, we're going to be able to reduce that, and as time goes by over the next two, three, four years, those numbers, and you know up, and I believe that at some point in the not too distant future, you won't even have income tax to pay, because the money would take it in is so great, it's so enormous that you're not going to have income tax to pay.
- 2:33[SPEAKER_00]: And whether you get rid of it or just keep it around for fun or have it really low, much lower than it is now.
- 2:40[SPEAKER_00]: But you won't be paying income tax.
- 2:42[SPEAKER_01]: Now as many of you know Trump has been floating this idea for some time, which is just another way of saying that he's got.
- 2:48[SPEAKER_01]: He's having his people work out the kinks of the proposal, but Trump definitely wants to be the president.
- 2:54[SPEAKER_01]: who go down in history is the one who ended once and for all the income tax, the federal income tax, which will forever enshrine him in my opinion, as a greatest president in all of American history, bar none.
- 3:09[SPEAKER_01]: Now, in fact, he's fond of saying that he wants to see the internal revenue service replace with an external revenue service, where terrorist taxes and other countries become the primary source of federal revenue.
- 3:23[SPEAKER_01]: What's so key here is to recognize that this goes way beyond terrorists.
- 3:28[SPEAKER_01]: This goes way beyond anything that the legacy media is going to tell you and their desperate bid to try to disparage this insanely and overwhelmingly popular proposal again.
- 3:40[SPEAKER_01]: There are a few issues that more Americans would agree on than ridding, not cutting, not reducing.
- 3:46[SPEAKER_01]: rating this world of the IRS, but putting all that aside, there is an inconvenient truth here that the legacy media is desperately trying to hide from you.
- 3:57[SPEAKER_01]: They're trying to hide the current state of the IRS.
- 4:02[SPEAKER_01]: And what they're not telling you is, the IRS, as we speak, is literally crumbling.
- 4:10[SPEAKER_01]: The IRS is falling apart, and it's been imploding now for some time.
- 4:15[SPEAKER_01]: According to internal data,
- 4:17[SPEAKER_01]: IRS enforcement staffing has plummeted by 34% in recent years.
- 4:23[SPEAKER_01]: They're bleeding personnel.
- 4:25[SPEAKER_01]: I mean, we're seeing a workforce reduction so severe that the agency now audits just 0.38% of all tax revenues.
- 4:37[SPEAKER_01]: Yes, you heard that right, point 38 percent and all time historic low and for those who think the IRS is only hunting the rich.
- 4:47[SPEAKER_01]: Yeah, think again, audit rates for millionaires have dropped by over 70 percent.
- 4:53[SPEAKER_01]: To put it rather mildly, the enforcement machine is broken.
- 4:59[SPEAKER_01]: It's simply cannot keep up with the complexity of the modern economy or the sheer volume of the tax code.
- 5:06[SPEAKER_01]: But here's the real crisis driving Trump's decision.
- 5:09[SPEAKER_01]: to change course now at this moment.
- 5:12[SPEAKER_01]: It's not just the tax collector's week.
- 5:15[SPEAKER_01]: It's that the government is broke.
- 5:18[SPEAKER_01]: I mean, you heard Trump himself talk about the messy inherited from the auto pen and chief.
- 5:23[SPEAKER_01]: We've entered nothing less than a doom loop of spending.
- 5:27[SPEAKER_01]: So in the first seven months of the fiscal year, 2024 alone, the US government spent $514 billion
- 5:38[SPEAKER_01]: on the national debt alone.
- 5:41[SPEAKER_01]: Now let that sink in.
- 5:43[SPEAKER_01]: We are now spending more on serving our debt than we spend on national defense.
- 5:49[SPEAKER_01]: We spend more on interest than on Medicare.
- 5:54[SPEAKER_01]: The government is borrowing money just to pay the interest on the money it already borrowed.
- 6:01[SPEAKER_01]: Since 2019 for every single tax dollar for every single dollar of new tax revenue that comes into the federal government, the federal government has added a staggering $158 in new spending.
- 6:18[SPEAKER_01]: I don't know what math they're using, but bottom line they spend nearly $160 for every one dollar of tax revenue they take in.
- 6:29[SPEAKER_01]: Our national debt is climbing by a trillion dollars every hundred days.
- 6:37[SPEAKER_01]: This is why the old system is dead.
- 6:39[SPEAKER_01]: You simply cannot tax your way out of a debt spiral this deep.
- 6:45[SPEAKER_01]: The tax code itself is already a four million word monster designed for political favors not for raising revenue.
- 6:56[SPEAKER_01]: It's an architecture of an old age that can no longer survive in the modern world.
- 7:01[SPEAKER_01]: It simply doesn't matter.
- 7:03[SPEAKER_01]: How many more millions of words you add to the tax code?
- 7:07[SPEAKER_01]: What's going to fix it if it's not 4 million words?
- 7:10[SPEAKER_01]: What?
- 7:10[SPEAKER_01]: Well, 6 million words fix it?
- 7:12[SPEAKER_01]: Well, 8 million words fix it?
- 7:14[SPEAKER_01]: It's not going to change because the system itself is broken.
- 7:19[SPEAKER_01]: And that is precisely where Trump's tariff plan comes in.
- 7:26[SPEAKER_01]: President Trump has made it absolutely clear.
- 7:29[SPEAKER_01]: The future belongs to those who embrace financial sovereignty, right?
- 7:35[SPEAKER_01]: Independence from the old economic system that the elite still manipulate and control.
- 7:40[SPEAKER_01]: Now, he's been talking a lot about Bitcoin, crypto, and decentralized finance, like never before, because he knows what we all know.
- 7:48[SPEAKER_01]: The old global system is collapsing, and a
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- 7:57[SPEAKER_01]: We're watching the old financial order the Wall Street global system crumble under its own corruption for decades have used our savings our pensions and our taxes to prop up a system that enriches them and enslave us but gang those days are over.
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- 9:51[SPEAKER_01]: A Biden-era bill that pumped $80 billion of funding into the IRS was designed to hire the IRS agents necessary to raise an extra $200 billion in tax revenue over 10 years.
- 10:09[SPEAKER_01]: Trump is just announced he's already raised that in tariffs in a matter of a few months.
- 10:17[SPEAKER_01]: Again, let that hit you.
- 10:19[SPEAKER_01]: That's the power of Trump's tariff plan.
- 10:22[SPEAKER_01]: It's about tapping into a massive global source of income for our federal government, all the while unleashing the American taxpayer.
- 10:33[SPEAKER_01]: Now this is not a new idea to actually return, right?
- 10:36[SPEAKER_01]: It's a form of re-traditionalization that we talk about all the time on this channel.
- 10:41[SPEAKER_01]: It's a return to America's roots.
- 10:44[SPEAKER_01]: It's the essence of making America great again.
- 10:48[SPEAKER_01]: From 79 to 1860, the United States government was funded almost entirely by Tarras.
- 10:56[SPEAKER_01]: Okay, and let that issue.
- 10:58[SPEAKER_01]: For nearly the first century of our existence as a nation, there was no income tax.
- 11:06[SPEAKER_01]: That was the era when America became an economic superpower.
- 11:10[SPEAKER_01]: Trump's proposal to swap income tax for Tarras is a pivot back to that model back
- 11:18[SPEAKER_01]: taxing foreign consumption, rather than American labor.
- 11:22[SPEAKER_01]: It's a move that bypasses the broken IRS bureaucracy entirely, instead of chasing 150 million Americans for tax forms, the government collects revenue at the ports.
- 11:33[SPEAKER_01]: instead of politicizing the tax code and using it for cheap political gain like texting the rich or exempting this group or that group from taxes.
- 11:42[SPEAKER_01]: The entire income tax burden would be completely lifted, igniting an economic explosion the likes of which this country has never seen.
- 11:52[SPEAKER_01]: Now, critics are going to be very quick to say that tariffs can't replace income tax revenue.
- 11:59[SPEAKER_01]: They'll argue that tariffs alone won't be able to cover the nearly five trillion dollars the government spends.
- 12:06[SPEAKER_01]: And they're right if spending stays the same.
- 12:14[SPEAKER_01]: But that's the quiet part of this plan.
- 12:17[SPEAKER_01]: It forces a reckoning.
- 12:19[SPEAKER_01]: When you move to a tariff-based system, you're capping the government's ability to spend endlessly.
- 12:27[SPEAKER_01]: You're starving the beast, you're forcing a permanent dozing of government departments to cut out all the waste fraud and abuse.
- 12:36[SPEAKER_01]: Again, they can no longer politicize the tax code.
- 12:39[SPEAKER_01]: They can no longer promise to tax the top one percent or if you're Zoran Mamedani, they can no longer promise to tax the more white neighborhoods.
- 12:48[SPEAKER_01]: all that ends with this Trump tariff plan.
- 12:53[SPEAKER_01]: Now, government has to live within its means, within a cap system of revenue that can't be politicized with resentment and envy.
- 13:04[SPEAKER_01]: The Riding is on the wall.
- 13:06[SPEAKER_01]: The IRS is shrinking, the debt is exploding, the current tax system is mathematically unsustainable.
- 13:14[SPEAKER_01]: Whether it happens next year or in the next decade, the transition away from income tax is coming.
- 13:22[SPEAKER_01]: Trump has just accelerated the timeline.
- 13:25[SPEAKER_01]: The game is changing.
- 13:27[SPEAKER_01]: The only question left is, are you prepared for what comes next?
- 13:32[SPEAKER_01]: Thanks so much for listening to this episode of The Turley Talks Podcast.
- 13:36[SPEAKER_01]: Don't forget to subscribe, leave us a five star review, and share this episode with your friends.
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- 13:49[SPEAKER_01]: Come back again tomorrow for another episode celebrating the rise of a new conservative age.