The Culture War - Tim Pool - Democrat BACKFIRES On NYC, Rent Hits RECORD, Wealthy FLEE, City COLLAPSING Under Mamdani Communism

00:00:00.000 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.

00:00:16.340 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.

00:00:23.580 And that is rent in New York City is at an all-time high.

00:00:27.820 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.

00:00:35.860 That is, they see that rent is at an all time high.

00:00:39.760 So Zoran Mamdani says, let's control the rent, which results in everything getting worse.

00:00:46.100 I like it to let's let's try this for our for our liberal friends.

00:00:49.260 They can understand protests. 0.96

00:00:51.740 First ordered thinking.

00:00:53.580 There's a man standing in the street holding up a sign.

00:00:56.180 And that sign says something like, the rent is too damn high.

00:01:00.020 Well, the man's blocking traffic, causing lots of problems.

00:01:02.460 So the police officer says, sir, you must get out of the road.

00:01:04.600 And the man refuses.

00:01:05.800 The police officer then grabs the man, pulls him out of the street,

00:01:09.560 cuffs him while the bystander films.

00:01:12.580 The next day, there's 10 protesters in the street holding up signs saying the rent is too damn high.

00:01:16.280 See, first order thinking is, I know, guy blocks road.

00:01:20.200 I remove guy from road.

00:01:21.600 Road clear.

00:01:22.760 Without thinking about what comes next.

00:01:25.040 and that is more protesters will show up angry at the police and the circumstance as they generate

00:01:31.020 more attention. Kind of the point of the protest. In this instance, you have high rents. You have

00:01:36.700 a loss of a tax base as more and more wealthy individuals flee. And to be fair, I said, you

00:01:41.780 know, crime's not skyrocketing, but crime is actually getting worse. And we're learning

00:01:45.860 that the police are flubbing the numbers. Things are just not going all that well. And in the

00:01:49.980 meantime, city council is proposing a raise for Zoran Mamdani and others, though Mamdani

00:01:55.180 himself said he wouldn't take it. Bad optics. The issue is this. Rent control results in less

00:02:01.560 housing. It results in worse housing, which in turn results in, in some areas, higher rent or

00:02:09.160 just a mass exodus and then nobody can afford anything. To put it simply, telling landlords

00:02:14.780 they can't charge the rent they need to to sustain these buildings just means you're going to have

00:02:19.220 slums and a shortage. And a shortage means more expensive rents. Surprise, surprise. The policies

00:02:25.460 of these commies is not working out for New York City. And it's not just the ultra wealthy that

00:02:30.460 are leaving. Many regular people are fleeing as well, as we see internal migration through the

00:02:35.700 roof in the United States. Now, of course, as institutional investors are bailing out of New

00:02:40.660 York City as it pertains to real estate, they're celebrating this. It reminds me of the SpongeBob

00:02:45.640 Patrick meme where everything's burning down. And Spongebob says, we've done it, Patrick. We've

00:02:51.580 saved the city. Well, let's break it down for you. I'll show you exactly where we are in New York

00:02:56.640 and what's currently happening with these policies from Zoran Mamdani. And there's a harsh reality,

00:03:01.620 my friends. You know, look, Donald Trump doesn't want to sign this housing bill. He wants the

00:03:05.880 SAVE Act. He's got some big speech planned on Thursday. Apparently, some are saying it's going

00:03:09.920 to have to do with fraudulent elections. We'll see. But the housing bill likely is going to pass

00:03:15.140 anyway, because it's got massive bipartisan support. Now here's the deal. Housing is too

00:03:21.580 expensive. And this is going to bring it down, but it's also going to remove institutional

00:03:25.600 investors from the picture. Now, while we are upset, I think most reasonable people don't like

00:03:31.480 the idea that a young couple wanted to buy a house gets outbid by some big investment firm.

00:03:36.100 You do need to understand what that means for demand and what that means for the state of the

00:03:40.360 economy. It's not so simple. We got to go in orders of thinking. The powers that be, the

00:03:45.140 politicians, they're not sitting here just twirling their mustaches being like, oh boy, we want to

00:03:49.240 make houses too expensive for people. But the reality is the cost of the labor to repair a

00:03:54.120 house is high and the value of the house is going to get low, which is going to create some problems.

00:04:00.720 If you can't charge the rent you need to pay the guy to fix the house, then the house is going to

00:04:05.400 fall apart. People aren't going to want houses. There's a lot of ramifications here. I wish it

00:04:10.660 was just easy. But when you start getting into the deep planning thing stages, you realize,

00:04:15.740 hey, man, we're between a rock and a hard place. So I'm not here to tell you what we should or

00:04:18.920 shouldn't do, but to break down the potentialities and what we're actually seeing in New York City, 0.83

00:04:23.140 thanks to our communist friends. Here's a story from the New York Post. Before we get started, 0.66

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00:05:29.500 Here's a story from the New York Post.

00:05:30.960 New York City housing crisis hits DEFCON 1 as rents jump to more all-time highs.

00:05:38.380 The Post reports the city's housing crisis has hit DEFCON 1, with average rents for a

00:05:42.700 one-bedroom in Manhattan hitting an all-time high of nearly $5,500 last month, and Brooklyn

00:05:49.200 following suit.

00:05:51.040 We need bold action.

00:05:52.760 This is a crisis, New York City Comptroller Mark Levine posted on Axe over the weekend,

00:05:56.820 along with a link to the latest figures from the Inhabit blog by real estate giant Corcoran Group.

00:06:03.860 The dismal June stats reveal that renters paid an average of $5,408 for a one-bedroom in Manhattan,

00:06:10.160 with studio prices not far behind at $4,014.

00:06:14.500 That's insane!

00:06:17.020 Wow!

00:06:18.660 In Brooklyn, the average one-bedroom cost renters $4,297 per month.

00:06:24.840 Guys, I lived in New York back in like 2018.

00:06:27.720 I had two-bedroom apartment for I think it was $2,100 a month in Brooklyn. 0.90

00:06:33.740 I wouldn't call it the worst of areas, but holy crap.

00:06:38.400 As for the overall median rent for an apartment in Manhattan, it hit $5,295 last month,

00:06:45.000 while those in Brooklyn shelled out $4,350, an 8% increase for both boroughs year over year.

00:06:52.000 All the figures were record highs.

00:06:56.140 NYC's housing affordability crisis at DEFCON 1, Levine tweeted.

00:06:59.980 We need to push harder on every front to address our housing shortage.

00:07:04.360 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.

00:07:14.540 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.

00:07:25.800 Levine suggests some of his own solutions.

00:07:28.160 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.

00:07:39.260 Here's the sad reality.

00:07:41.960 There's a viral video where they walked into an empty apartment and it was trashed.

00:07:49.120 And they asked the guy, why won't you get it fixed and rent this out?

00:07:52.940 Why can't they make this available?

00:07:55.340 There is a shortage.

00:07:56.600 And when there is low supply and high demand, prices go up.

00:08:00.620 Well, he said, rent control.

00:08:03.580 They only allow you to rent for a certain amount of money.

00:08:07.100 You can only increase the amount of rent by a certain amount.

00:08:10.660 Inflation does not care about your rent control or your rent stabilization.

00:08:15.480 So we've had a period of massive inflation.

00:08:18.120 The guy who's going to fix the floors and the materials that you need, they went up

00:08:21.920 in price a massive amount.

00:08:24.360 But you cannot charge enough rent to cover the costs.

00:08:27.880 So it's cheaper for you to not rent it out because you can't get it fixed and to write

00:08:32.700 off the losses on your taxes.

00:08:34.140 Thus, there is going to be a shortage.

00:08:36.520 Rent stabilization does not improve.

00:08:39.560 these areas. But it's impossible to explain to someone who doesn't, who can't think beyond the

00:08:46.340 first layer when they say, but if you make rent cheap, then rent will be down. And you're like,

00:08:51.980 yes, but in three months, there will be no apartments to rent because they'll be falling

00:08:55.640 apart. You can't, you can't command economy. It does not work. Here we go. They say most of the

00:09:03.760 rent stabilized apartments that lie vacant are currently warehoused because their owners can't

00:09:07.900 afford the needed renovations considering the frozen rents. Expense items are not proportional

00:09:12.480 to the income the properties generate. This is what these people believe. These communists

00:09:17.240 genuinely believe that landlords are sitting there going, we're going to steal money from

00:09:22.740 the poor. When in reality, they're like, we get about a 6% return per unit. And that's just for

00:09:29.580 the company, which barely covers the costs. And you need to have hundreds of units to actually

00:09:34.500 make a living running this big company with all of its staff. You go to ask these people and

00:09:39.840 they're like, landlords get money for nothing. They own it and I have to pay. They have to fix

00:09:43.600 it. They have to maintain it. They got to pay the insurance. They got to pay the taxes. They got to

00:09:46.400 pay the water. Landlords do a job. They maintain these buildings for you, the renter. And I'm

00:09:51.940 seeing a bunch of these gurus right now, these real estate gurus saying you should be renting

00:09:56.500 to cut all your costs. You get a flat fee per month. Your landlord's got to worry about everything

00:10:00.860 else, and then you invest elsewhere. That's not advice. Don't take it from me. I don't know.

00:10:05.980 Bauta's firm, Zion Equities, owns about 800 New York rent-stabilized units and manages thousands

00:10:10.420 more. Rent-stabilized properties incur the same or greater expenses as their fair market

00:10:15.100 counterparts, insurance, wages, supplies, elevator service, utilities. There is no support or control

00:10:20.080 mechanism to cap expenses while incomes have been capped, and you will never be able to change that.

00:10:26.420 To put it simply, you have a rent-stabilized building, apartment, right?

00:10:31.400 You cannot charge enough rent to cover the cost of market utilities, market trades.

00:10:37.880 So power goes out.

00:10:39.780 You go to a guy and say, hey, I need you to fix this power.

00:10:41.900 And he goes, we charge you $1,000.

00:10:43.400 And you go, I don't have $1,000.

00:10:44.660 That's too bad.

00:10:45.420 I cost $1,000.

00:10:46.740 There's no market cap on the charge someone's going to give you as an electrician.

00:10:51.740 You can't electrician control prices.

00:10:55.960 So they do rent stabilization. 0.64

00:10:57.960 It makes things worse.

00:10:59.960 Well, here we go, ladies and gentlemen.

00:11:01.340 Then you don't get the tax money for it either.

00:11:03.380 The New York Post reporting New York sees dramatic exodus of millionaires causing nearly

00:11:07.800 $11 billion in losses in tax revenue.

00:11:11.980 But I'm just so confused.

00:11:15.240 They told me this wasn't going to happen.

00:11:18.400 They published the stories.

00:11:20.260 Here's one from Yahoo Finance.

00:11:21.840 The idea that people would flee New York was overblown.

00:11:25.760 Rise in New York City luxury home sales shows there is no Mom Donnie effect.

00:11:29.940 In this story from December 11th. 0.78

00:11:32.680 Yes, three weeks before Mom Donnie actually got in office and started implementing these policies.

00:11:37.360 And what are we seeing?

00:11:39.060 Seven months on.

00:11:40.240 We're certainly far enough into Mom Donnie's term to see the direct impacts of his policies and his plans.

00:11:47.460 And hey, look at that. 1.00

00:11:49.200 We got a mass exodus.

00:11:50.160 A mass exodus.

00:11:50.860 They said it wasn't going to happen.

00:11:52.360 Kathy Hochul said months ago, the wealthy are fleeing New York and we need to go to Palm Beach and get them back.

00:11:58.220 But they don't want to come back because you take too much of their money.

00:12:01.740 And for what?

00:12:03.800 Lacks the rich.

00:12:04.820 New York City's share of millionaires dramatically declined in recent years, causing a nearly $11 billion loss in much needed tax revenue.

00:12:12.580 The study released Monday by the Citizen Budget Commission comes amid fears that Socialist

00:12:16.580 Mayor Zoran Mamdani's push to tax the rich will drive even more wealthy taxpayers and

00:12:21.340 their businesses out of the city.

00:12:22.700 But that was always the intended condition.

00:12:25.880 Guys, Zoran Mamdani is proposing delaying pension payments to workers so that he can

00:12:33.540 fill the gaps in the budget.

00:12:36.100 They're proposing the city wants to give him a raise of around 20 percent.

00:12:39.580 Now, he said, I would not accept the raise.

00:12:41.400 Yeah, bad optics.

00:12:42.720 Bad optics.

00:12:44.620 Zoran Mamdani's plans were always going to do this.

00:12:47.200 He knew this. 0.99

00:12:48.020 He's not a stupid guy. 1.00

00:12:49.020 You don't get to where you are in these positions being dumb. 1.00

00:12:52.140 But it's just about power. 0.99

00:12:54.400 Dude's getting a couple hundred grand a year now.

00:12:56.020 He's probably happy.

00:12:57.500 And then what is he?

00:12:58.020 He's jumping in pools and he's giggling.

00:13:00.540 I'm so funny eating rice with my hands.

00:13:03.180 He doesn't know how to run these things.

00:13:04.480 He never did.

00:13:05.200 But that's the game, right?

00:13:07.560 Let it all burn down.

00:13:08.600 New York Post says,

00:13:38.600 could supercharge the drip-drip of wealthy people.

00:13:41.480 Governor Kathy Hochul has firmly opposed an outright hike on the wealthy this year 0.96

00:13:45.920 as she seeks re-election in November,

00:13:48.340 but back to so-called pita-terre tax on luxury second homes in New York City.

00:13:53.640 The rich people were like, we're going to build big luxury penthouses in your city,

00:13:57.640 and we're going to pay all the taxes, and we're going to hire all the workers,

00:14:00.240 and we're going to maintain the staff.

00:14:01.980 And Zorabandani was like, nope, get out.

00:14:04.960 This is not going to do what they think it's going to do. 0.91

00:14:07.080 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. 0.72

00:14:17.720 You know, it's fascinating how expensive it is to make a house. 0.93

00:14:21.800 Let me tell you a story.

00:14:23.680 We have – we call it the Castle.

00:14:26.140 That was the original studio we bought out here.

00:14:27.940 It's in the West Virginia area.

00:14:30.440 Something like 10,000 square feet.

00:14:32.740 We still have it.

00:14:35.460 It's not really used these days.

00:14:38.000 It's a private residence.

00:14:38.920 You know, we have nothing to do with it.

00:14:40.180 It's just very expensive to maintain a building that large.

00:14:43.080 And you need a groundskeeper.

00:14:44.160 Why?

00:14:45.200 One day we had a pipe break.

00:14:47.100 What does that mean?

00:14:47.860 It can destroy the entire house.

00:14:50.280 Someone has to be consistently in it to notice these things.

00:14:53.540 You can't just have a big empty house sitting doing nothing.

00:14:58.060 But indeed, this is what these people don't understand.

00:15:00.540 You hear it all the time from the young naive.

00:15:02.320 They say, did you know that there are more homeless people than – there are more empty homes than homeless people?

00:15:09.280 And I go, okay, what about it?

00:15:12.340 Well, why don't we just put the homeless in the empty houses? 0.76

00:15:15.260 Because the homeless people don't work. 1.00

00:15:17.340 They're mentally ill. 1.00

00:15:18.100 They're on drugs. 1.00

00:15:18.900 They won't be able to maintain that house.

00:15:20.300 It'll likely burn down, and it will hurt them.

00:15:23.420 So good luck.

00:15:24.320 Not only that, many of the homeless don't even want to be in those houses.

00:15:27.140 But this is what happens when you're a first-order thinker.

00:15:29.460 You're like, hey, wait a minute.

00:15:30.540 We got empty houses.

00:15:31.980 We got homeless.

00:15:32.880 Let's put them together.

00:15:34.500 First of all, where are the empty houses?

00:15:36.180 Are they in the same place as the homeless?

00:15:37.720 They're not.

00:15:39.000 L.A. certainly got some empty homes, but they got the massive homeless population.

00:15:41.860 So you're going to move all the people in L.A. to Omaha or to New York to these empty houses.

00:15:46.080 You don't got empty houses in New York.

00:15:47.340 They got a shortage.

00:15:48.480 Yeah, they don't know what they're talking about.

00:15:50.980 So here we go. 1.00

00:15:52.520 Kathy Oakle is firmly opposed an outright hike on the wealthy this year as she seeks re-election.

00:15:58.780 Mamdani gleefully gloated about the tax on social media video outside billionaire Ken

00:16:02.360 Griffin's $230 million Manhattan penthouse, a stunt that infuriated the hedge fund titan

00:16:06.600 and prompted him to threaten to pull a $6 billion Park Avenue development.

00:16:10.900 He should.

00:16:12.700 You know, I just, I wish people had cajones.

00:16:16.960 Ken Griffin's super wealthy.

00:16:18.200 What does he care, right?

00:16:19.760 But bro, where's your ego?

00:16:23.020 You know what we need?

00:16:23.640 We need a little bit more ego.

00:16:24.640 If I was building a six billion dollar project in New York and they and they and they pulled

00:16:29.480 this off, I'd cancel like that.

00:16:31.720 I'd make a video and say I'm canceling the development.

00:16:34.220 Everybody, all the jobs lost, all the materials, everything, cancel it outright.

00:16:38.620 And you can come with a million and one reasons.

00:16:40.720 We don't want to invest in a city that's going to play games like this and target people

00:16:44.520 personally.

00:16:45.480 What they tried to do to Trump's property, seizing them is terrifying.

00:16:48.920 We don't want to invest in that.

00:16:50.580 Then what happens?

00:16:51.720 everybody who was going to get paid, they all lose their jobs. You reap what you sow when you

00:16:57.240 vote for this. But Ken Griffin's likely just going to keep going and Mamdani is going to be rewarded 0.78

00:17:02.540 for his psychotic behavior. I don't live in that place. Here we go. We got Google's billionaire 0.99

00:17:09.760 Sergey Brin has exited New York City real estate as landlords suffer from rent controls and

00:17:15.160 explosive costs. Is it fake news? Is it made up? Okay, here's our favorite lib, Ed Krasenstein.

00:17:23.480 Democratic socialists like AOC and the New York City mayor do not believe what democratic

00:17:27.820 socialist countries throughout the world do. In fact, it's a stupid name for the party. 1.00

00:17:32.040 They aren't socialists. They believe in social democracy. Mom Donnie literally said he was a 1.00

00:17:36.200 communist. He says they believe in social democracy to Norway, Denmark, Finland, and Iceland.

00:17:41.200 These countries are capitalists.

00:17:43.100 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.

00:17:49.820 They should rename themselves Social Democrats, blah, blah, blah, blah.

00:17:53.340 Check this one out from Reddit, r slash NYC.

00:17:57.340 Mamdani's plan to delay pension payments echoes the schemes that brought New York City near bankruptcy.

00:18:04.860 Oh, boy.

00:18:05.740 I think this is a bad idea.

00:18:08.080 It's a terrible, irresponsible idea, and hopefully he won't try to do it right now.

00:18:12.060 It's likely just posturing.

00:18:14.000 There is no more surefire way to demoralize the city's workforce than a signal that you're raiding the pension fund.

00:18:18.880 Let's go. 0.97

00:18:20.220 Commie Mondani.

00:18:21.840 Guys, there is only one place to get money to pay these bills, and it ain't the pockets of the rich.

00:18:28.360 And how many times we tell you and warn you, these commies won't listen.

00:18:33.440 A millionaire and a billionaire can just leave.

00:18:36.560 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.

00:18:41.540 So there's one place to get money, and it's from you, the tax base.

00:18:46.100 If you taxed every billionaire at 100 percent, you'd run the U.S. budget for three days.

00:18:53.160 That's it.

00:18:54.280 If you literally took every penny the wealthy had three days, the truth is this.

00:19:00.320 When the Biden admin launched that like 80,008 IRS agent hiring spree, they said, we're going

00:19:06.300 to go after the rich. You don't need 80,000 people to go after the rich. You could do it with 10.

00:19:11.380 If you really wanted to go after the rich, you only need a handful of people. The truth was

00:19:14.100 they're coming after you. And I predicted it and I was right. And I'm going to gloat.

00:19:19.640 Here's what happened. I said, when they add 80,000 IRS agents, what they're going to do is

00:19:24.100 they're going to scrutinize the working class. That's why they need 80,000. Because if it was 1.00

00:19:28.020 just the rich, there's only a few hundred billionaires to go after, right? 10,000 millionaires,

00:19:33.060 maybe 30,000 millionaires. So it's a lot, but you don't need that many agents. Now you're dealing

00:19:39.340 with 300 million working class Americans. You want to go after them, you need 80,000 agents. 1.00

00:19:45.600 So what's going to happen is, and what did happen, is working class Joes get a letter from the IRS 1.00

00:19:49.840 in the mail saying, you failed to pay $77 on your taxes, pay up now, 77 bucks. It hurts working 0.94

00:19:57.460 class guy has an unexpected bill and he's freaking out like, I owe the IRS. I can't afford this.

00:20:01.960 What are you going to do? Call a lawyer for 70 bucks? Most people just pay it. And that's where

00:20:07.420 they get the real money. You can tax every billionaire and you're not going to make that

00:20:12.300 much money. But if you tax it, let's just put it simply. You got, you got, what is it? 30,000

00:20:18.260 millionaires? Let's do this. How many millionaires in US? You've got, oh man, I was way off.

00:20:25.340 23.6 million millionaires in the United States. Wow. 9.7% of the population. That's actually

00:20:33.500 pretty terrifying when you think about what that means for inflation. But let's just go with

00:20:36.500 23 million millionaires. And we're talking about a million bucks, right? So you want to tax them

00:20:43.900 an additional $20,000. Okay. So let's say in New York, so let's say you got 23 million

00:20:50.060 and you're going to generate about, you're going to generate a lot of money.

00:20:55.260 You're going to generate several billion dollars.

00:20:57.420 That's amazing.

00:20:58.760 Several billion dollars taxing all them millionaires.

00:21:01.320 That's amazing.

00:21:02.840 Wow.

00:21:03.840 Here's the deal.

00:21:05.560 How much is that really going to work for the country with a multi-trillion dollar budget?

00:21:11.000 It's a drop in a hat.

00:21:12.540 Now, hold on there. 0.82

00:21:13.840 You do want to tax the rich.

00:21:14.840 Don't get me wrong.

00:21:15.680 And you can.

00:21:16.500 And you can generate that money.

00:21:18.540 Wow, 23.6 million millionaires.

00:21:20.520 I was way off.

00:21:22.320 List of countries by their millionaires.

00:21:23.980 We got a lot.

00:21:24.420 That's good for us.

00:21:26.340 Now, let's say you want to generate more than that. 1.00

00:21:28.940 So you go after working class Joes and you tax, I don't know, 50 to 100 bucks. 0.99

00:21:34.520 But you've got 250 million. 0.50

00:21:37.980 So we're talking about going after the ultra wealthy.

00:21:41.140 And the 20,000 thing, that's what New York proposed on top for the $20,000. 0.62

00:21:47.620 But let's say you raise taxes on all the millionaires.

00:21:50.060 You're still going to generate a lot less than if you went after the hundred million 0.92

00:21:54.960 plus working class people because there's a tenfold return.

00:21:58.180 So ultimately, if you raise taxes on most people and not the rich, you're likely going

00:22:03.680 to generate more money because realistically, you're not going to go after someone who makes

00:22:07.220 a million dollars or 20K.

00:22:08.300 That's going to cause an exodus.

00:22:09.740 The U.S. has to be delicate about how they handle these things.

00:22:12.240 And also the question of how much money does a millionaire actually have?

00:22:16.380 because the question of what makes someone a millionaire

00:22:19.300 might actually be, let's actually, let's do this.

00:22:22.400 Here's a better way to put it.

00:22:23.060 How many people in the U.S. have salaries over 1 million?

00:22:28.500 That's the better way to put it.

00:22:30.600 800,000, substantially less.

00:22:32.920 And that's a better point.

00:22:34.420 I was way off on them.

00:22:35.240 What is it, 30K?

00:22:36.400 800,000 taxpayers have an annual income

00:22:38.380 of $1 million or more.

00:22:40.480 So when you look at the 23.6 million millionaires,

00:22:46.380 You're looking at hard assets. That's why they want to do a wealth tax, because they know that

00:22:51.820 if you actually go by income, most people who are millionaires don't even make a million dollars a

00:22:56.060 year. Think about it this way. Let's say somebody makes $300,000 a year. So they're taking home

00:23:01.480 about 180 and they're investing that. After 10 years of proper investments with inflation,

00:23:07.020 they're likely going to be millionaires, depending on what property they buy, if they're doing more

00:23:11.340 than just because they're 300 grand a year, you know, yeah, you're likely going to be a millionaire

00:23:16.620 in a few years. For most working class people, if you're doing 50 to 70, there's a hundred,

00:23:24.660 there's 250 million, 300 million of these people. That's orders of magnitude greater. That was the

00:23:30.620 whole point. That's why they're going, he's going after pension because he can't go after the rich.

00:23:34.640 They can just leave. These plans don't work. Here we go. Let's talk about crime. Crime is

00:23:41.080 mostly down in New York. But the NYPD's audited stats often change the picture. Wait a minute.

00:23:47.460 What's this? From Spectrum News, overall major crime drops in May, but hate crimes rise.

00:23:53.540 Well, that's strange. What does the Gothamist have to say? They're going to mention that they

00:23:58.320 did an audit and found that all of the numbers had to be revised up. What? So they put out these

00:24:05.040 reports. They say crime, murder, rape, robbery, felony assault, burglary, grand larceny and car

00:24:10.080 theft, was revised upward for that period. This is what they do. They come out and say,

00:24:15.560 crime is down. And then a month later, they go, crime's actually up. Now, I do believe that crime

00:24:20.700 is down. I think it's lower now than it was 10, 20 years ago, but it's still bad. And there are

00:24:27.200 certain areas where crime is going up, and we know that they are lying about it. New York is not

00:24:32.460 sitting pretty. It is. It's got problems in key areas, smells awful, and I believe it's gotten

00:24:40.640 worse in many ways. But we get these videos. This is video where they're like, here, let me let me

00:24:45.180 pull this one up. Let's pull up this video. Another terrifying day in socialist communist

00:24:51.480 Mamdana, Mamdana Stan, apparently Bryant Park, New York. Let's let's watch this beautiful video.

00:24:57.220 Wow. Look at upscale Bryant Park, two blocks from Times Square, where everybody's hanging out,

00:25:05.320 smiling, having a good time. How beautiful. Bryant Park is owned by the New York City Parks

00:25:12.820 Department, but it is maintained by private, they say, it's a privately managed public park

00:25:18.060 overseen by the Bryant Park Restoration Corporation, which received donations and has private security.

00:25:23.640 But either way, the point is beautiful.

00:25:26.040 Hey, why don't you go to, like, East New York?

00:25:29.220 Come on.

00:25:30.300 Why don't you ever go and film some of the bad areas?

00:25:32.800 I am playing games.

00:25:33.920 We see these videos out of Japan where they're all like, look how beautiful Tokyo is.

00:25:37.940 And it's like, bro, there's bad places everywhere.

00:25:40.640 You know what I mean?

00:25:41.060 And obviously, you want to show the best.

00:25:42.440 But this is the game, the game that they're playing.

00:25:45.460 We're entering a brave new world, my friends.

00:25:47.160 Mamdani's city council, they want to give themselves an 18% raise.

00:25:50.060 As I've already mentioned, Mamdani said he wouldn't take it.

00:25:52.280 And he's getting a lot of flack for the proposal itself.

00:25:55.920 New York is getting poorer as wealthy Americans flee high-tax states, IRS data shows.

00:26:01.180 It's not even just the city data.

00:26:03.040 We are seeing this across the board.

00:26:06.340 Ladies and gentlemen, we know these things don't work.

00:26:10.360 We know this is bad for New York.

00:26:12.420 So why do they keep doing it?

00:26:14.420 Man, I think it's about power.

00:26:18.080 I think Zoran Mamdani is a commie.

00:26:19.580 he said he's posted hashtag communist and what was it was it him who said I like more commies

00:26:24.900 or was the person he appointed who said it the policies he's putting in place are damaging to

00:26:29.140 the city but that's the point if you want to implement the communist system you have to burn

00:26:32.900 down the old one but I'm not even sure these people are actually communists to be honest

00:26:35.600 if you if you want power and wealth communism is not your path to get there capitalism is to be

00:26:43.100 fair however communism is your path to get there in a certain respect that is a communist system

00:26:47.200 is not going to make you wealthy. But stealing from people who believe in communism will.

00:26:52.880 It's like selling a Che Guevara shirt, right? It's like selling Rage Against the Machine

00:26:57.080 merchandise. There's a, what is it? Tom Morello has a guitar pedal with communists iconography

00:27:04.580 on it. It's like, ain't nothing says communism like selling merchandise at a premium to communists.

00:27:12.340 indeed. These young people don't understand they're getting fleeced. And a con job is a con

00:27:17.780 job, you know? So when people like Kami Mamdani show up with a smile on his face, eating ice cream

00:27:22.780 and jumping in swimming pools and laughing and having a good time, he wins you over because

00:27:28.000 that's all politics has ever really been about. Do you come off as charismatic? I'm reminded of

00:27:34.520 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

00:27:45.780 who listen on the radio said Nixon won because they could not see what he looked like. Ain't

00:27:50.840 that something? The fascinating thing is the height of our recent presidents. One would wonder,

00:27:57.020 can a man who is shorter than six feet ever win the presidency again? When Kamala Harris debated

00:28:02.560 Trump, they had this weird thing where they were like, the podium has to be proportional to the

00:28:07.380 body size. So that way on TV, they look like they're the same size. It is just, you know,

00:28:13.640 it's really funny. You know, you might not even notice this. There are a lot of people that,

00:28:18.480 here, I'll give you one. They say that I'm short. So the cameras are about, I don't know, half a

00:28:25.300 foot to a foot above me. They're elevated and slightly pointing down. That way they can go

00:28:30.580 over people's heads or past their heads for the angles. But usually they don't go over,

00:28:35.140 they just go to the side. So there's two cameras there, two cameras behind me, and they cross.

00:28:40.240 Because they're elevated a little bit and pointed downward, it creates a visual perspective as though

00:28:45.420 you are standing above me. For people who don't understand how cameras work, the presumption is

00:28:51.200 in my daily life, when I see someone who is short, I am looking downward. Therefore,

00:28:56.620 if the camera angles are pointed downward, the assumption is the person on camera is actually

00:29:00.580 short. In fact, I'm about 5'10", 5'11"-ish, and people don't know that. Now, take a look at

00:29:06.460 sitcoms, and the women and the men sometimes look at the same height. Tom Cruise, for instance,

00:29:12.200 he's like, what is he, like 5'7"? But the way they film with angles makes it look like he's

00:29:16.700 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 0.99

00:29:30.500 Do you ever notice, pay attention to these movies, watch when they go to open doors and 1.00

00:29:34.020 you're like, that lady's five foot one. 1.00

00:29:36.500 Indeed. 1.00

00:29:37.600 Isn't that funny how often shows the women and the men do look like they're comparable 0.70

00:29:41.960 heights, but then in real life, you're like, women are a lot shorter than men. 0.75

00:29:45.180 Camera angles. 1.00

00:29:46.480 That's what matters in politics.

00:29:48.360 The reason why Mamdani wins on nonsense policies is because he never needed real policies to

00:29:53.140 begin with. 0.99

00:29:54.100 All he needs to do is whisper sweet nothings into your ears and then dumb people vote because 0.99

00:29:59.680 He's got a smile on his face. 0.99

00:30:00.620 That's it.

00:30:01.340 He can jump in a swimming pool and laugh, and people are forgetting that everything's

00:30:04.700 burning down.

00:30:06.100 Now, I know it's not literally burning down.

00:30:07.840 I'm just saying it's getting slightly worse.

00:30:09.240 The economy's not great, and your rent is going up.

00:30:11.800 Whatever.

00:30:12.300 Vote for what you want.

00:30:13.120 I left New York for a reason.

00:30:14.560 Have fun.

00:30:15.700 Smash the like button, my friends.

00:30:17.480 Share the show with everyone you've ever met in your life.

00:30:19.140 We got more coming up for you tonight.

00:30:20.620 TimCast IRL at 8 p.m.

00:30:22.080 You don't want to miss it.

00:30:23.180 Join us at TimCast.com.

00:30:24.580 We can't do without you.

00:30:25.540 And pick up some cast brew coffee.

00:30:27.600 Thank you all so much for hanging out.

00:30:28.900 we'll stick to the news

00:30:31.240 and we'll see y'all tonight

The Culture War - Tim Pool - July 14, 2026

Democrat BACKFIRES On NYC, Rent Hits RECORD, Wealthy FLEE, City COLLAPSING Under Mamdani Communism

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