Democrat BACKFIRES On NYC, Rent Hits RECORD, Wealthy FLEE, City COLLAPSING Under Mamdani Communism
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Harmful content
Misogyny
15
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Toxicity
16
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Hate speech
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Summary
As predicted, things are getting pretty bad in New York City. Now, it s not the apocalypse, and I m not going to start this video off by telling you that everyone is dying or that crime is skyrocketing, but things are worse in NYC under Mayor Zoran Mamdani s policies, notably with massive loss of investment, a major tax shortfall, and there s going to be ramifications to the rent control that Mayor Mamdania just bragged about. And that is rent in NYC is at an all-time high.
Transcript
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As predicted, things are getting pretty bad in New York City.
00:00:03.600
Now, it's not the apocalypse, and I'm not going to start this video off by telling you that everyone is dying or that crime is skyrocketing.
00:00:09.160
But things are getting worse in New York City under Mayor Zoran Mamdani's policies, notably with massive loss of investment.
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They're looking at a major tax shortfall, and there's going to be ramifications to the rent control that Mayor Zoran Mamdani just bragged about.
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And that is rent in New York City is at an all-time high.
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Now, unfortunately for most of us, though most of us don't live in New York City, you are dealing with many first order thinkers.
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That is, they see that rent is at an all time high.
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So Zoran Mamdani says, let's control the rent, which results in everything getting worse.
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I like it to let's let's try this for our for our liberal friends.
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There's a man standing in the street holding up a sign.
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And that sign says something like, the rent is too damn high.
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Well, the man's blocking traffic, causing lots of problems.
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So the police officer says, sir, you must get out of the road.
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The police officer then grabs the man, pulls him out of the street,
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The next day, there's 10 protesters in the street holding up signs saying the rent is too damn high.
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See, first order thinking is, I know, guy blocks road.
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and that is more protesters will show up angry at the police and the circumstance as they generate
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more attention. Kind of the point of the protest. In this instance, you have high rents. You have
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a loss of a tax base as more and more wealthy individuals flee. And to be fair, I said, you
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know, crime's not skyrocketing, but crime is actually getting worse. And we're learning
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that the police are flubbing the numbers. Things are just not going all that well. And in the
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meantime, city council is proposing a raise for Zoran Mamdani and others, though Mamdani
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himself said he wouldn't take it. Bad optics. The issue is this. Rent control results in less
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housing. It results in worse housing, which in turn results in, in some areas, higher rent or
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just a mass exodus and then nobody can afford anything. To put it simply, telling landlords
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they can't charge the rent they need to to sustain these buildings just means you're going to have
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slums and a shortage. And a shortage means more expensive rents. Surprise, surprise. The policies
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of these commies is not working out for New York City. And it's not just the ultra wealthy that
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are leaving. Many regular people are fleeing as well, as we see internal migration through the
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roof in the United States. Now, of course, as institutional investors are bailing out of New
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York City as it pertains to real estate, they're celebrating this. It reminds me of the SpongeBob
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Patrick meme where everything's burning down. And Spongebob says, we've done it, Patrick. We've
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saved the city. Well, let's break it down for you. I'll show you exactly where we are in New York
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and what's currently happening with these policies from Zoran Mamdani. And there's a harsh reality,
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my friends. You know, look, Donald Trump doesn't want to sign this housing bill. He wants the
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SAVE Act. He's got some big speech planned on Thursday. Apparently, some are saying it's going
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to have to do with fraudulent elections. We'll see. But the housing bill likely is going to pass
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anyway, because it's got massive bipartisan support. Now here's the deal. Housing is too
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expensive. And this is going to bring it down, but it's also going to remove institutional
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investors from the picture. Now, while we are upset, I think most reasonable people don't like
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the idea that a young couple wanted to buy a house gets outbid by some big investment firm.
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You do need to understand what that means for demand and what that means for the state of the
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economy. It's not so simple. We got to go in orders of thinking. The powers that be, the
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politicians, they're not sitting here just twirling their mustaches being like, oh boy, we want to
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make houses too expensive for people. But the reality is the cost of the labor to repair a
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house is high and the value of the house is going to get low, which is going to create some problems.
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If you can't charge the rent you need to pay the guy to fix the house, then the house is going to
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fall apart. People aren't going to want houses. There's a lot of ramifications here. I wish it
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was just easy. But when you start getting into the deep planning thing stages, you realize,
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hey, man, we're between a rock and a hard place. So I'm not here to tell you what we should or
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shouldn't do, but to break down the potentialities and what we're actually seeing in New York City,
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thanks to our communist friends. Here's a story from the New York Post. Before we get started,
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No, my friends, it is only that when people decide
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It is always the small group of dedicated individuals
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New York City housing crisis hits DEFCON 1 as rents jump to more all-time highs.
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The Post reports the city's housing crisis has hit DEFCON 1, with average rents for a
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one-bedroom in Manhattan hitting an all-time high of nearly $5,500 last month, and Brooklyn
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This is a crisis, New York City Comptroller Mark Levine posted on Axe over the weekend,
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along with a link to the latest figures from the Inhabit blog by real estate giant Corcoran Group.
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The dismal June stats reveal that renters paid an average of $5,408 for a one-bedroom in Manhattan,
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In Brooklyn, the average one-bedroom cost renters $4,297 per month.
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I had two-bedroom apartment for I think it was $2,100 a month in Brooklyn.
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I wouldn't call it the worst of areas, but holy crap.
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As for the overall median rent for an apartment in Manhattan, it hit $5,295 last month,
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while those in Brooklyn shelled out $4,350, an 8% increase for both boroughs year over year.
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NYC's housing affordability crisis at DEFCON 1, Levine tweeted.
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We need to push harder on every front to address our housing shortage.
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The crisis continues despite the recent approval of Mayor Zoran Mamdani's long-promised and controversial rent freeze on the city's nearly 1 million rent-stabilized apartments by the Rent Guidelines Board.
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Of those now rent-frozen apartments, a staggering $57,000 set empty in 2025, a 5.6% vacancy rate, according to data obtained by City Reporter.
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Update zoning, invest more city money in affordable units, lower the time and cost of city bureaucracy, imposes on construction, get thousands of vacant regulated units back on the market.
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There's a viral video where they walked into an empty apartment and it was trashed.
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And they asked the guy, why won't you get it fixed and rent this out?
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And when there is low supply and high demand, prices go up.
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They only allow you to rent for a certain amount of money.
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You can only increase the amount of rent by a certain amount.
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Inflation does not care about your rent control or your rent stabilization.
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The guy who's going to fix the floors and the materials that you need, they went up
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But you cannot charge enough rent to cover the costs.
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So it's cheaper for you to not rent it out because you can't get it fixed and to write
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these areas. But it's impossible to explain to someone who doesn't, who can't think beyond the
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first layer when they say, but if you make rent cheap, then rent will be down. And you're like,
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yes, but in three months, there will be no apartments to rent because they'll be falling
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apart. You can't, you can't command economy. It does not work. Here we go. They say most of the
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rent stabilized apartments that lie vacant are currently warehoused because their owners can't
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afford the needed renovations considering the frozen rents. Expense items are not proportional
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to the income the properties generate. This is what these people believe. These communists
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genuinely believe that landlords are sitting there going, we're going to steal money from
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the poor. When in reality, they're like, we get about a 6% return per unit. And that's just for
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the company, which barely covers the costs. And you need to have hundreds of units to actually
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make a living running this big company with all of its staff. You go to ask these people and
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they're like, landlords get money for nothing. They own it and I have to pay. They have to fix
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it. They have to maintain it. They got to pay the insurance. They got to pay the taxes. They got to
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pay the water. Landlords do a job. They maintain these buildings for you, the renter. And I'm
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seeing a bunch of these gurus right now, these real estate gurus saying you should be renting
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to cut all your costs. You get a flat fee per month. Your landlord's got to worry about everything
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else, and then you invest elsewhere. That's not advice. Don't take it from me. I don't know.
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Bauta's firm, Zion Equities, owns about 800 New York rent-stabilized units and manages thousands
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more. Rent-stabilized properties incur the same or greater expenses as their fair market
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counterparts, insurance, wages, supplies, elevator service, utilities. There is no support or control
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mechanism to cap expenses while incomes have been capped, and you will never be able to change that.
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To put it simply, you have a rent-stabilized building, apartment, right?
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You cannot charge enough rent to cover the cost of market utilities, market trades.
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You go to a guy and say, hey, I need you to fix this power.
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There's no market cap on the charge someone's going to give you as an electrician.
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Then you don't get the tax money for it either.
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The New York Post reporting New York sees dramatic exodus of millionaires causing nearly
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The idea that people would flee New York was overblown.
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Rise in New York City luxury home sales shows there is no Mom Donnie effect.
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Yes, three weeks before Mom Donnie actually got in office and started implementing these policies.
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We're certainly far enough into Mom Donnie's term to see the direct impacts of his policies and his plans.
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Kathy Hochul said months ago, the wealthy are fleeing New York and we need to go to Palm Beach and get them back.
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But they don't want to come back because you take too much of their money.
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New York City's share of millionaires dramatically declined in recent years, causing a nearly $11 billion loss in much needed tax revenue.
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The study released Monday by the Citizen Budget Commission comes amid fears that Socialist
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Mayor Zoran Mamdani's push to tax the rich will drive even more wealthy taxpayers and
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Guys, Zoran Mamdani is proposing delaying pension payments to workers so that he can
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They're proposing the city wants to give him a raise of around 20 percent.
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Zoran Mamdani's plans were always going to do this.
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You don't get to where you are in these positions being dumb.
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Dude's getting a couple hundred grand a year now.
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could supercharge the drip-drip of wealthy people.
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Governor Kathy Hochul has firmly opposed an outright hike on the wealthy this year
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but back to so-called pita-terre tax on luxury second homes in New York City.
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The rich people were like, we're going to build big luxury penthouses in your city,
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and we're going to pay all the taxes, and we're going to hire all the workers,
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This is not going to do what they think it's going to do.
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I think Zorin Manani knows exactly what it's doing, but these dumb young socialist types genuinely believe if the rich didn't own the penthouse, I could live in it.
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You know, it's fascinating how expensive it is to make a house.
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That was the original studio we bought out here.
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It's just very expensive to maintain a building that large.
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Someone has to be consistently in it to notice these things.
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You can't just have a big empty house sitting doing nothing.
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But indeed, this is what these people don't understand.
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They say, did you know that there are more homeless people than – there are more empty homes than homeless people?
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Well, why don't we just put the homeless in the empty houses?
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Not only that, many of the homeless don't even want to be in those houses.
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But this is what happens when you're a first-order thinker.
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L.A. certainly got some empty homes, but they got the massive homeless population.
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So you're going to move all the people in L.A. to Omaha or to New York to these empty houses.
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Yeah, they don't know what they're talking about.
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Kathy Oakle is firmly opposed an outright hike on the wealthy this year as she seeks re-election.
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Mamdani gleefully gloated about the tax on social media video outside billionaire Ken
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Griffin's $230 million Manhattan penthouse, a stunt that infuriated the hedge fund titan
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and prompted him to threaten to pull a $6 billion Park Avenue development.
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If I was building a six billion dollar project in New York and they and they and they pulled
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I'd make a video and say I'm canceling the development.
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Everybody, all the jobs lost, all the materials, everything, cancel it outright.
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And you can come with a million and one reasons.
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We don't want to invest in a city that's going to play games like this and target people
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What they tried to do to Trump's property, seizing them is terrifying.
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everybody who was going to get paid, they all lose their jobs. You reap what you sow when you
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vote for this. But Ken Griffin's likely just going to keep going and Mamdani is going to be rewarded
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for his psychotic behavior. I don't live in that place. Here we go. We got Google's billionaire
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Sergey Brin has exited New York City real estate as landlords suffer from rent controls and
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explosive costs. Is it fake news? Is it made up? Okay, here's our favorite lib, Ed Krasenstein.
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Democratic socialists like AOC and the New York City mayor do not believe what democratic
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socialist countries throughout the world do. In fact, it's a stupid name for the party.
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They aren't socialists. They believe in social democracy. Mom Donnie literally said he was a
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communist. He says they believe in social democracy to Norway, Denmark, Finland, and Iceland.
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They just realized that income disparity can't keep getting greater without society helping those who can't afford health care, child care and retirement.
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They should rename themselves Social Democrats, blah, blah, blah, blah.
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Mamdani's plan to delay pension payments echoes the schemes that brought New York City near bankruptcy.
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It's a terrible, irresponsible idea, and hopefully he won't try to do it right now.
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There is no more surefire way to demoralize the city's workforce than a signal that you're raiding the pension fund.
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Guys, there is only one place to get money to pay these bills, and it ain't the pockets of the rich.
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And how many times we tell you and warn you, these commies won't listen.
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A millionaire and a billionaire can just leave.
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They don't need to do the work or maintain the systems that generate the revenue that you want to use for your public works.
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So there's one place to get money, and it's from you, the tax base.
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If you taxed every billionaire at 100 percent, you'd run the U.S. budget for three days.
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If you literally took every penny the wealthy had three days, the truth is this.
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When the Biden admin launched that like 80,008 IRS agent hiring spree, they said, we're going
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to go after the rich. You don't need 80,000 people to go after the rich. You could do it with 10.
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If you really wanted to go after the rich, you only need a handful of people. The truth was
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they're coming after you. And I predicted it and I was right. And I'm going to gloat.
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Here's what happened. I said, when they add 80,000 IRS agents, what they're going to do is
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they're going to scrutinize the working class. That's why they need 80,000. Because if it was
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just the rich, there's only a few hundred billionaires to go after, right? 10,000 millionaires,
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maybe 30,000 millionaires. So it's a lot, but you don't need that many agents. Now you're dealing
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with 300 million working class Americans. You want to go after them, you need 80,000 agents.
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So what's going to happen is, and what did happen, is working class Joes get a letter from the IRS
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in the mail saying, you failed to pay $77 on your taxes, pay up now, 77 bucks. It hurts working
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class guy has an unexpected bill and he's freaking out like, I owe the IRS. I can't afford this.
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What are you going to do? Call a lawyer for 70 bucks? Most people just pay it. And that's where
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they get the real money. You can tax every billionaire and you're not going to make that
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much money. But if you tax it, let's just put it simply. You got, you got, what is it? 30,000
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millionaires? Let's do this. How many millionaires in US? You've got, oh man, I was way off.
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23.6 million millionaires in the United States. Wow. 9.7% of the population. That's actually
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pretty terrifying when you think about what that means for inflation. But let's just go with
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23 million millionaires. And we're talking about a million bucks, right? So you want to tax them
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an additional $20,000. Okay. So let's say in New York, so let's say you got 23 million
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and you're going to generate about, you're going to generate a lot of money.
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You're going to generate several billion dollars.
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Several billion dollars taxing all them millionaires.
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How much is that really going to work for the country with a multi-trillion dollar budget?
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Now, let's say you want to generate more than that.
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So you go after working class Joes and you tax, I don't know, 50 to 100 bucks.
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So we're talking about going after the ultra wealthy.
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And the 20,000 thing, that's what New York proposed on top for the $20,000.
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But let's say you raise taxes on all the millionaires.
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You're still going to generate a lot less than if you went after the hundred million
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plus working class people because there's a tenfold return.
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So ultimately, if you raise taxes on most people and not the rich, you're likely going
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to generate more money because realistically, you're not going to go after someone who makes
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The U.S. has to be delicate about how they handle these things.
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And also the question of how much money does a millionaire actually have?
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because the question of what makes someone a millionaire
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might actually be, let's actually, let's do this.
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How many people in the U.S. have salaries over 1 million?
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So when you look at the 23.6 million millionaires,
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You're looking at hard assets. That's why they want to do a wealth tax, because they know that
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if you actually go by income, most people who are millionaires don't even make a million dollars a
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year. Think about it this way. Let's say somebody makes $300,000 a year. So they're taking home
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about 180 and they're investing that. After 10 years of proper investments with inflation,
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they're likely going to be millionaires, depending on what property they buy, if they're doing more
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than just because they're 300 grand a year, you know, yeah, you're likely going to be a millionaire
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in a few years. For most working class people, if you're doing 50 to 70, there's a hundred,
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there's 250 million, 300 million of these people. That's orders of magnitude greater. That was the
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whole point. That's why they're going, he's going after pension because he can't go after the rich.
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They can just leave. These plans don't work. Here we go. Let's talk about crime. Crime is
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mostly down in New York. But the NYPD's audited stats often change the picture. Wait a minute.
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What's this? From Spectrum News, overall major crime drops in May, but hate crimes rise.
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Well, that's strange. What does the Gothamist have to say? They're going to mention that they
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did an audit and found that all of the numbers had to be revised up. What? So they put out these
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reports. They say crime, murder, rape, robbery, felony assault, burglary, grand larceny and car
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theft, was revised upward for that period. This is what they do. They come out and say,
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crime is down. And then a month later, they go, crime's actually up. Now, I do believe that crime
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is down. I think it's lower now than it was 10, 20 years ago, but it's still bad. And there are
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certain areas where crime is going up, and we know that they are lying about it. New York is not
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sitting pretty. It is. It's got problems in key areas, smells awful, and I believe it's gotten
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worse in many ways. But we get these videos. This is video where they're like, here, let me let me
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pull this one up. Let's pull up this video. Another terrifying day in socialist communist
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Mamdana, Mamdana Stan, apparently Bryant Park, New York. Let's let's watch this beautiful video.
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Wow. Look at upscale Bryant Park, two blocks from Times Square, where everybody's hanging out,
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smiling, having a good time. How beautiful. Bryant Park is owned by the New York City Parks
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Department, but it is maintained by private, they say, it's a privately managed public park
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overseen by the Bryant Park Restoration Corporation, which received donations and has private security.
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Why don't you ever go and film some of the bad areas?
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We see these videos out of Japan where they're all like, look how beautiful Tokyo is.
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And it's like, bro, there's bad places everywhere.
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But this is the game, the game that they're playing.
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Mamdani's city council, they want to give themselves an 18% raise.
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As I've already mentioned, Mamdani said he wouldn't take it.
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And he's getting a lot of flack for the proposal itself.
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New York is getting poorer as wealthy Americans flee high-tax states, IRS data shows.
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Ladies and gentlemen, we know these things don't work.
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he said he's posted hashtag communist and what was it was it him who said I like more commies
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or was the person he appointed who said it the policies he's putting in place are damaging to
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the city but that's the point if you want to implement the communist system you have to burn
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down the old one but I'm not even sure these people are actually communists to be honest
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if you if you want power and wealth communism is not your path to get there capitalism is to be
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fair however communism is your path to get there in a certain respect that is a communist system
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is not going to make you wealthy. But stealing from people who believe in communism will.
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It's like selling a Che Guevara shirt, right? It's like selling Rage Against the Machine
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merchandise. There's a, what is it? Tom Morello has a guitar pedal with communists iconography
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on it. It's like, ain't nothing says communism like selling merchandise at a premium to communists.
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indeed. These young people don't understand they're getting fleeced. And a con job is a con
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job, you know? So when people like Kami Mamdani show up with a smile on his face, eating ice cream
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and jumping in swimming pools and laughing and having a good time, he wins you over because
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that's all politics has ever really been about. Do you come off as charismatic? I'm reminded of
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the debate between Nixon and Kennedy. And the people, they polled people afterwards. The people
00:27:39.280
who watched it on TV said Kennedy won. Nixon was flustered and shaking and sweaty. But the people
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who listen on the radio said Nixon won because they could not see what he looked like. Ain't
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that something? The fascinating thing is the height of our recent presidents. One would wonder,
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can a man who is shorter than six feet ever win the presidency again? When Kamala Harris debated
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Trump, they had this weird thing where they were like, the podium has to be proportional to the
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body size. So that way on TV, they look like they're the same size. It is just, you know,
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it's really funny. You know, you might not even notice this. There are a lot of people that,
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here, I'll give you one. They say that I'm short. So the cameras are about, I don't know, half a
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foot to a foot above me. They're elevated and slightly pointing down. That way they can go
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over people's heads or past their heads for the angles. But usually they don't go over,
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they just go to the side. So there's two cameras there, two cameras behind me, and they cross.
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Because they're elevated a little bit and pointed downward, it creates a visual perspective as though
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you are standing above me. For people who don't understand how cameras work, the presumption is
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in my daily life, when I see someone who is short, I am looking downward. Therefore,
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if the camera angles are pointed downward, the assumption is the person on camera is actually
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short. In fact, I'm about 5'10", 5'11"-ish, and people don't know that. Now, take a look at
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sitcoms, and the women and the men sometimes look at the same height. Tom Cruise, for instance,
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he's like, what is he, like 5'7"? But the way they film with angles makes it look like he's
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bigger. When they're filming TV shows, they hold the cameras at their chest. This makes your average
00:29:22.520
woman, who is 5'4", 5'5", look like she's tall as you, and it makes the men look taller. But
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Do you ever notice, pay attention to these movies, watch when they go to open doors and
1.00
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Isn't that funny how often shows the women and the men do look like they're comparable
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heights, but then in real life, you're like, women are a lot shorter than men.
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The reason why Mamdani wins on nonsense policies is because he never needed real policies to
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All he needs to do is whisper sweet nothings into your ears and then dumb people vote because
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He can jump in a swimming pool and laugh, and people are forgetting that everything's
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The economy's not great, and your rent is going up.
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