The Culture War - Tim Pool - Mamdani Socialism BACKFIRES On NYC, Mayor Threatens To RAISE Taxes On Working Class

00:00:00.260 Investing is all about the future.

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00:00:30.000 The new mayor of New York City, Zoran Mamdani,

00:00:32.980 is having a pretty rough go of it.

00:00:35.180 A series of scandals have erupted throughout the city

00:00:38.120 over improper waste management,

00:00:41.060 animal waste all over the place,

00:00:44.140 and now a threat of a tax on the middle class

00:00:47.260 and the working class from the mouth of Zoran Mamdani himself. 0.72

00:00:52.100 What he's saying is that if they don't get their wealth tax,

00:00:55.080 if they don't tax the rich,

00:00:56.960 they're going to have to tax the poor. 0.99

00:00:59.680 The only problem is neither of these plans actually make sense.

00:01:03.060 And it's resulted in an economic and political crisis in New York City

00:01:06.900 for which everybody is making fun of Zoran Mamdani.

00:01:10.640 And I'm going to do something that may surprise many of you

00:01:12.660 and actually defend Zoran Mamdani right now.

00:01:16.900 By all means, I am going to criticize his plan on the wealth tax.

00:01:20.480 We're going to go through these numbers and talk about what's actually happening

00:01:23.320 happening as we are seeing a mass exodus from New York City already.

00:01:28.620 It's been ongoing.

00:01:29.840 It is getting worse.

00:01:31.140 But I want to make sure this is absolutely clear

00:01:33.200 as everybody's putting the blame on him.

00:01:35.020 He just got into office.

00:01:37.360 Guys, I disagree with his worldview.

00:01:40.040 I disagree with his proposed policies.

00:01:42.700 I think he's wrong about all of this.

00:01:44.920 But the dude just got into office.

00:01:48.400 That being said, I can cut him some slack on these policy proposals

00:01:52.680 that he's rushing to come up with.

00:01:54.900 But something did change.

00:01:57.560 Seemingly, as soon as he got in, something did change.

00:02:01.360 Now, I don't know what it is.

00:02:02.120 Maybe it's that city workers don't like him.

00:02:05.060 And so they're kind of half-assing it.

00:02:07.800 I think that something was being done by the previous mayors

00:02:11.800 that they did not adequately inform Zoran Mamdani about.

00:02:15.360 And now we are seeing a bubbling up of a serious crisis.

00:02:18.900 That is, guys, when we are looking at the streets filled with dog waste

00:02:24.500 all over the place, I mean, the videos are crazy bad.

00:02:28.620 Okay, something different is going on because we did not see this

00:02:33.740 in the same way previously, indicating it looks like people

00:02:38.380 don't really like the guy.

00:02:39.860 He may have won for one reason or another, but it seems like maybe

00:02:43.120 the city workers don't really like the guy.

00:02:45.520 Now, what we're going to do here is we're going to break down

00:02:47.040 the proposals from Zoran Mamdani, and he is getting a lot of heat right now

00:02:50.360 because he is outright stated they have two choices.

00:02:56.120 We're going to loot the rainy day fund.

00:02:57.900 We're going to take money from retiree health care.

00:03:00.880 We're going to tax the middle and working class, or we're going to tax the rich. 0.89

00:03:06.720 And to all the liberals of New York City and the leftists, they're saying,

00:03:09.620 well, why not just tax the rich? 0.92

00:03:11.420 The problem is it has already been reported over the past several years.

00:03:16.320 The top 10% of wealthy individuals in the city have already fled.

00:03:22.100 And many of these companies are taking jobs away as well.

00:03:25.340 This is not a new phenomenon.

00:03:28.660 AOC famously chased Amazon out of New York.

00:03:32.700 She did not understand that a tax benefit was not giving tax dollars.

00:03:39.680 Legit.

00:03:40.700 Amazon said, we want to bring $30,000 to Queens.

00:03:43.820 And she said, what?

00:03:45.840 Why would we let them do that?

00:03:47.780 The city was basically saying, we're going to give you a discount on your taxes.

00:03:50.420 You'll save $10 billion in taxes if you come to us.

00:03:53.380 Why?

00:03:54.180 Because the increase in jobs, the increase in workers, and the taxes paid by Amazon,

00:03:58.680 though at a discount, would still be a massive boon to the city,

00:04:01.900 which they needed to fix their crumbling train and public transit infrastructure.

00:04:07.420 Well, AOC led a protest in the financial district, and Amazon ultimately said, fine, we out.

00:04:11.940 But she actually was quoted as saying she thought they were going to be giving Amazon money to do it.

00:04:19.160 Not what was happening.

00:04:20.660 And that's the problem with these lefties.

00:04:22.320 They genuinely do not understand these policies.

00:04:25.000 So let's do this first.

00:04:26.300 I'm going to play the videos for you so you can hear it straight from Zoran's mouth himself

00:04:30.520 about how he is planning on taxing the working class.

00:04:33.420 But really, it's a threat.

00:04:35.540 Let us raise taxes on the wealthy individuals.

00:04:39.240 Unfortunately, they'll just leave.

00:04:41.120 What this means is he is legitimately telling you their only path forward is to tax the working class. 0.96

00:04:48.780 I'm going to break it down for you.

00:04:49.820 Before we get started, my friends, make sure you go to gasbrew.com.

00:04:52.920 Pick up some delicious gasbrew coffee.

00:04:55.460 It's great stuff.

00:04:56.640 Appalachian Nights, a dark roast, everybody's favorite,

00:04:58.800 followed by Ian's Graphene Dream low-acidity coffee.

00:05:02.480 You guys are putting Ian through college, and you know he needs it.

00:05:06.020 I hope you realize he's not literally going to college.

00:05:07.940 That man would not do that.

00:05:09.880 He gets a portion of the revenue from his coffee.

00:05:12.800 It was his idea.

00:05:13.600 It was a brilliant idea.

00:05:14.640 Gasbrew.com to support our work.

00:05:16.380 But also, smash the like button, subscribe right now to this channel if you haven't already,

00:05:21.280 and share this video.

00:05:22.820 You guys, the other day, everybody shared it.

00:05:25.460 Not everybody, but a lot of people did share it.

00:05:27.320 And you can see it really, really does help.

00:05:29.140 So if there's one thing you can do, if you believe in the work that I'm doing,

00:05:33.180 and the extra hours that I put in every single day,

00:05:35.000 just copy the link to this video, post it on your social media.

00:05:38.480 I saw in the analytics, it was pretty amazing.

00:05:40.760 Facebook direction was massive.

00:05:42.820 So you guys, thank you all so much for doing that.

00:05:45.800 Considering it again, if you really do want to help.

00:05:47.780 And let's get started with the video right from Zoran himself.

00:05:51.940 Then I'll play the longer video for you, but let's cut to the meat and potatoes here.

00:05:55.060 At the heart of this path is a property tax increase.

00:06:00.220 This would effectively be a tax on working and middle-class New Yorkers

00:06:03.080 who have a median income of $122,000.

00:06:06.340 The second path also requires us to raid our reserves.

00:06:09.960 It would mean withdrawing $980 million from our city's rainy day fund in fiscal year 2026,

00:06:16.220 and $229 million from the retiree health benefit trust in fiscal year 2027.

00:06:22.220 These are steps that have been taken before,

00:06:25.600 but only in moments of extraordinary external crisis.

00:06:29.360 And it's going to get substantially worse

00:06:32.020 because wealthy people who pay a disproportionate amount of taxes are leaving.

00:06:36.980 But we'll get to that.

00:06:37.640 Mayor Bloomberg's response to the 2008 financial collapse

00:06:40.280 and Mayor de Blasio's response to the enormous revenue shortfall caused by the pandemic.

00:06:45.540 We do not want to have to turn to such drastic measures to balance our budget.

00:06:50.000 Indeed, he says they don't.

00:06:51.880 But my friends, let's also play this video from the New York Post.

00:06:56.260 We've also just received information that new data in the state's school aid formula

00:07:00.500 will bring an additional $97 million to New York City on a recurring basis.

00:07:06.100 All of that brings the fiscal deficit down to $5.4 billion.

00:07:10.680 But I want to be clear, $5.4 billion is still a very steep mountain to climb.

00:07:17.800 And there are two paths that we can walk.

00:07:20.120 One that offers long-term stability,

00:07:22.320 and a second one with significant pain that we deeply hope to avoid.

00:07:26.380 The first path, I just, for the love of all that is holy,

00:07:30.760 taxing the rich will not cover $5.4 billion in a deficit.

00:07:37.640 This is just absolutely insane to me.

00:07:39.960 I'm sorry, guys.

00:07:40.800 I'm breaking down over here. 1.00

00:07:42.340 This man is either as dumb as a box of rocks or he is lying. 1.00

00:07:46.620 You cannot overcome a yearly $5.4 billion deficit by taxing the rich. 1.00

00:07:55.200 That is not a real thing.

00:07:57.060 First, they're already leaving.

00:07:59.240 More will leave.

00:08:00.220 You will depress economic activity, and you will not recover that money.

00:08:04.940 You will only make it worse in the long run.

00:08:06.880 But sure, let's roll, baby.

00:08:08.320 There's the structural imbalance between the city and the state.

00:08:11.540 We want to work with Albany to raise personal income taxes by 2%

00:08:15.080 on the 33,000 New Yorkers earning more than $1 million a year,

00:08:19.400 and to raise corporate taxes on the most profitable corporations.

00:08:22.440 And we know that for far too long,

00:08:24.740 New Yorkers have given far more to the state than what we have received in return.

00:08:28.920 It is time to end the drain.

00:08:31.500 If we cannot follow this first path,

00:08:33.500 we will be forced onto a much more damaging path of last resort,

00:08:37.080 one where we have to use the only tools at the city's disposal,

00:08:41.500 raising property taxes and raiding our reserves.

00:08:44.860 This second path is painful.

00:08:47.720 We will continue to work with Albany to avoid it.

00:08:51.060 This first path will deliver the structural change that we need

00:08:54.060 to recalibrate the relationship between the city and the state.

00:08:58.200 Because as we know, New Yorkers contribute 54.5% of state revenue,

00:09:02.960 but receive only 40.5% back.

00:09:05.640 Heavens me, it sounds like you're figuring out the problems with federalization,

00:09:10.900 with supporting smaller counties, with...

00:09:15.000 I just absolutely love this.

00:09:17.280 I just...

00:09:18.060 Zoran...

00:09:19.200 Zoran...

00:09:20.640 From each according to their ability,

00:09:24.580 to each according to their need.

00:09:27.140 Okay?

00:09:28.160 Y'all are much wealthier and better off

00:09:30.440 than some of the people in other parts of the state.

00:09:32.080 This is your worldview.

00:09:35.100 The deficit of merit.

00:09:37.080 The deficit of labor.

00:09:38.800 They are taking more from you than you are getting back.

00:09:41.700 Duh.

00:09:42.340 That is socialism.

00:09:44.500 That is communism.

00:09:46.280 Lord help us with these people.

00:09:47.840 At the same time, New York City's portion of the state's GDP

00:09:50.880 has grown by nearly 10% since 2010.

00:09:54.720 That imbalance is untenable.

00:09:57.160 Once again, I am calling for Albany to end the drain.

00:10:00.600 There is no third option of failing to balance the budget.

00:10:04.280 By law, ever since the fiscal crisis of the 1970s,

00:10:07.100 which placed the city on the brink of bankruptcy,

00:10:09.860 New York City has been legally required to balance its budget.

00:10:13.460 We will do so.

00:10:14.920 If we cannot pursue the first path,

00:10:16.960 the only option we have remaining is the second path.

00:10:20.100 Now, let's just break down what he's saying.

00:10:22.060 A 9.5% property tax increase,

00:10:24.760 impacting over 3 million residential units

00:10:27.560 and over 100,000 commercial buildings,

00:10:30.520 targeting those with the median income of 122,000.

00:10:33.100 This, what he's actually saying is,

00:10:34.880 we don't want to do it, but we're going to do it.

00:10:37.120 The point is this.

00:10:38.680 You cannot tax the rich out of a hole.

00:10:41.360 You can't.

00:10:42.080 Okay?

00:10:43.280 You're talking about targeting a finite and small group of people

00:10:46.900 for large sums of money

00:10:48.000 when they have the freedom not to work or to leave.

00:10:51.040 We do not live in a world where you can force people

00:10:53.760 who are capable to actually do the labor.

00:10:56.700 You see, the communists genuinely believe

00:10:58.400 from each according to their ability

00:10:59.900 to each according to their need.

00:11:01.440 Let me tell you what's wrong with that first and foremost

00:11:03.300 before we get into a big philosophical debate on communism.

00:11:05.880 I work 16 hours a day and somewhat on weekends.

00:11:09.240 When I started this company,

00:11:10.420 I was working every single day.

00:11:13.920 No days off.

00:11:14.980 Every day I was producing my show.

00:11:17.680 We then added a nightly show,

00:11:20.000 so I was working double shifts Monday through Friday

00:11:22.680 with single shifts Saturday and Sunday.

00:11:24.840 Now, I'm capable of doing that, 0.93

00:11:27.940 but I will be damned

00:11:29.200 if you will force me

00:11:31.380 to work

00:11:32.740 that 74 or 64 hours.

00:11:36.860 64 hours.

00:11:38.040 That's more than that.

00:11:39.560 That's

00:11:39.960 that's 80 plus.

00:11:42.680 That's 96 hours.

00:11:44.260 You want me to work per week?

00:11:45.320 96.

00:11:46.580 96 hours per week

00:11:48.080 that I would have to work

00:11:50.080 for nothing.

00:11:51.980 That's the communist ethos.

00:11:53.480 It ain't happening.

00:11:54.760 I am going to work extra

00:11:56.380 because I know that I get a reward.

00:11:58.120 And the challenging part is

00:11:59.060 it's a diminishing return.

00:12:01.440 For every extra hour I work,

00:12:03.420 I make less money.

00:12:05.380 No, no, no.

00:12:05.680 Hold on.

00:12:06.160 I don't mean less overall.

00:12:07.820 It means that if the first hour I work,

00:12:10.420 I make 100 bucks.

00:12:12.080 The second hour is 90,

00:12:13.380 then 80,

00:12:14.060 then 70,

00:12:14.480 then 60.

00:12:15.260 And so when I add the extra workload,

00:12:17.880 I'm pulling in probably 60%

00:12:19.760 of what I get

00:12:20.460 based on the first half of the day.

00:12:22.220 And then I got to pay

00:12:23.320 a higher tax rate on that money.

00:12:25.520 So I'm getting substantially less.

00:12:28.200 These people don't get it.

00:12:29.900 But here's the news

00:12:30.800 from the New York Post

00:12:31.600 so you can.

00:12:33.520 New York is losing jobs to Texas

00:12:35.660 and Mamdani's tax push

00:12:37.160 will worsen the exodus.

00:12:39.580 The New York Post reports

00:12:40.560 New York is losing thousands of jobs

00:12:43.300 to pro-business Texas.

00:12:45.040 And Mayor Zoran Mamdani's push

00:12:46.320 to raise corporate taxes

00:12:47.260 would only accelerate the exodus.

00:12:49.040 An analysis released Tuesday

00:12:50.240 by Big Apple's top

00:12:51.180 corporate advocacy group claims.

00:12:52.700 Now what people like Zoran Mamdani do

00:12:54.280 is they go to working class people 0.81

00:12:56.020 and say the rich are lying to you

00:12:58.280 because they don't want to pay taxes.

00:13:00.060 They don't need to lie to you.

00:13:01.780 They're rich.

00:13:02.900 They can leave.

00:13:04.660 But they want to be sure

00:13:05.860 is the value of the product purchased

00:13:08.100 worth the cost?

00:13:09.800 Is the juice worth the squeeze?

00:13:11.560 If you want to live in New York

00:13:13.800 because the opportunity is there

00:13:15.220 well then you're going to pay your taxes.

00:13:16.740 If you are someone

00:13:17.600 with a local New York based business

00:13:19.480 where you make 10 million bucks a year

00:13:21.340 literally selling products to New Yorkers

00:13:23.780 and you can't run your business

00:13:24.840 somewhere else

00:13:25.360 you're pissed. 0.90

00:13:26.300 But hey, you can't leave.

00:13:27.960 Unfortunately, most of the companies

00:13:29.840 that make that level of revenue

00:13:31.080 can be operated anywhere

00:13:33.000 and don't need to base themselves

00:13:35.060 in New York City.

00:13:36.180 Which means you will lose tax revenue

00:13:39.400 by increasing the taxes.

00:13:42.640 Fortunately, for people like Zoran Mamdani

00:13:44.880 they can maintain power

00:13:46.340 by tricking people

00:13:47.200 who are ignorant of economics 0.97

00:13:48.880 into believing their lies. 0.99

00:13:51.560 They say, quote,

00:13:52.560 New York is already ranked last nationally

00:13:54.840 for tax competitiveness

00:13:55.900 and is consistently ranked

00:13:57.440 among the bottom states

00:13:58.500 for starting small business

00:13:59.620 and for small business growth.

00:14:01.660 Let's just talk about the media business.

00:14:03.540 So we've had companies talk to us

00:14:05.900 quite a bit

00:14:06.620 about options for

00:14:09.600 let me put it like this.

00:14:11.320 Everybody wants my company

00:14:12.440 in their state, right?

00:14:13.520 We make a lot of money

00:14:14.460 we pay a lot of taxes

00:14:15.540 and we do a lot of development.

00:14:17.400 When we're building

00:14:18.400 like the skate park

00:14:19.740 we've built that

00:14:20.400 we bought property around the area.

00:14:23.640 What's happening

00:14:24.280 and the reason why

00:14:25.300 they love a business like mine

00:14:27.100 is that

00:14:28.200 through the internet

00:14:29.540 we produce content

00:14:30.800 which generates revenue

00:14:31.760 from all over the country

00:14:32.860 and even some parts of the world

00:14:33.960 when ads are sold.

00:14:35.340 That money is pulled in

00:14:37.180 from all over the country

00:14:38.020 and then centralizes

00:14:39.300 in whatever location we are in.

00:14:41.800 To put it simply

00:14:42.380 you got a guy in Seattle

00:14:43.980 a guy in LA

00:14:44.600 a guy in New York

00:14:45.300 they all watch an ad

00:14:46.060 and a dollar from each of them

00:14:47.180 goes to West Virginia.

00:14:49.980 And I've had people ask

00:14:51.140 do you think New York

00:14:52.320 would be viable

00:14:53.160 or the New York Metro

00:14:54.420 and I'm like absolutely not.

00:14:56.760 I mean it's a scummy place

00:14:58.240 with a major tax crisis

00:15:00.200 and it's the highest

00:15:01.880 New York City

00:15:02.320 is the highest tax place

00:15:03.200 in the country.

00:15:04.360 I don't want to be there

00:15:05.380 I don't need to be there

00:15:06.280 the costs are way too high

00:15:07.300 it is not worth it

00:15:08.700 to be there.

00:15:10.360 West Virginia

00:15:10.900 is great and competitive

00:15:11.820 close enough to DC

00:15:13.300 to be able to get guests

00:15:14.160 to drive in

00:15:14.820 cheap enough land

00:15:16.060 and the people here

00:15:17.720 want the work

00:15:18.760 and want the economic stimulation.

00:15:21.040 So why would I consider

00:15:22.400 running my multi-million dollar

00:15:24.240 business

00:15:24.820 in New York City?

00:15:26.820 The same is true 0.99

00:15:27.640 for basically anybody

00:15:28.540 if you're in the tech

00:15:29.260 or if you're doing

00:15:30.220 national sales

00:15:31.040 headquarter somewhere else.

00:15:32.860 Heck why even be in Delaware? 0.62

00:15:34.720 Delaware's gone crazy.

00:15:36.700 You can certainly go to Nevada

00:15:37.880 Texas or Florida

00:15:39.380 and that's exactly

00:15:40.360 what people are doing.

00:15:42.360 They say New York City's

00:15:44.100 top combined marginal

00:15:45.260 corporate income tax rate

00:15:46.640 which includes other levies

00:15:48.660 such as the MTA corporate surcharge

00:15:50.060 would rise from 17.44

00:15:51.740 to 22.48

00:15:53.520 if Kathy Hochul

00:15:54.980 and the legislature

00:15:55.720 approve a hike.

00:15:57.180 Texas meanwhile

00:15:57.800 has no corporate

00:15:59.060 or state income tax

00:16:00.040 and imposes only

00:16:01.560 a modest .75 franchise tax.

00:16:04.560 Courts in the Lone Star State

00:16:05.580 are also more friendly

00:16:06.420 to business interests

00:16:07.240 compared to litigation

00:16:08.340 happy in New York

00:16:09.120 and it's easier

00:16:10.200 to incorporate

00:16:10.880 and open firms there.

00:16:12.200 Additionally

00:16:12.560 as it goes towards

00:16:13.700 the property tax

00:16:14.620 Mr. Wonderful

00:16:15.960 already pointed this out

00:16:17.000 when they went after

00:16:17.540 Trump for fraud.

00:16:18.760 You have just told

00:16:19.500 every real estate developer

00:16:20.780 to get the F

00:16:22.120 out of New York

00:16:23.040 because they will

00:16:24.400 wage political warfare

00:16:25.960 against you

00:16:26.520 and steal from you.

00:16:28.420 Duh

00:16:28.700 that's what communists do.

00:16:31.200 It shouldn't come

00:16:31.880 as a surprise then

00:16:32.800 the partnership said

00:16:34.120 that Texas is chipping away

00:16:35.200 at New York's preeminence

00:16:36.160 as the capital

00:16:36.900 of U.S. capitalism.

00:16:38.740 They found

00:16:39.260 in 2024

00:16:40.220 Texas surpassed New York

00:16:41.440 as a state

00:16:41.780 with the most

00:16:42.120 financial service employees.

00:16:43.640 23 companies relocated

00:16:44.880 from New York to Texas.

00:16:46.240 J.P. Morgan

00:16:46.780 now employs

00:16:47.360 more people in Texas

00:16:48.080 than any other state.

00:16:49.480 Wells Fargo

00:16:50.020 opened a new Dallas campus

00:16:51.060 in 2025

00:16:51.600 increasing the capacity

00:16:53.060 by 1,500 employees.

00:16:55.360 Financial services

00:16:55.960 recruitment in Texas

00:16:56.640 surpassed New York.

00:16:57.840 While New York's

00:16:58.420 financial service industry

00:16:59.200 still remains

00:16:59.740 more productive

00:17:00.720 generating

00:17:01.720 $330 billion

00:17:03.760 in gross regional product

00:17:04.980 in 2024

00:17:05.440 71% more than Texas.

00:17:08.600 Texas financial services

00:17:09.520 grew more.

00:17:11.100 Texas received

00:17:11.820 approval to launch

00:17:13.160 its own stock exchange

00:17:14.540 slated to open

00:17:15.820 by the end of 2026

00:17:17.460 positioning itself

00:17:18.880 as a more

00:17:19.800 issuer friendly

00:17:20.720 and lower cost exchange

00:17:22.020 than the New York

00:17:23.120 Stock Exchange

00:17:23.840 and NASDAQ.

00:17:25.620 Texas isn't winning

00:17:26.560 because of one tax lever.

00:17:28.660 It's executing

00:17:29.240 a coordinated

00:17:29.840 multidimensional strategy

00:17:30.880 to attract jobs

00:17:31.700 and capital

00:17:32.220 and New York

00:17:33.100 is falling into their trap.

00:17:34.920 Our report from today

00:17:35.840 outlines

00:17:36.360 what's actually happening

00:17:37.760 with how we are losing

00:17:39.740 Facts Matter here.

00:17:41.520 Mamdani on Tuesday said

00:17:42.500 he'd have to raise

00:17:43.580 property taxes

00:17:44.420 if Hochul

00:17:45.260 and the legislature

00:17:45.940 don't boost

00:17:46.800 income taxes

00:17:47.540 on the rich.

00:17:49.460 New York Post.

00:17:50.360 Mamdani's

00:17:52.080 cuckoo

00:17:52.580 property tax hike

00:17:53.720 will land him

00:17:54.760 real estate agent

00:17:56.380 of the year

00:17:57.000 after inevitable

00:17:58.520 exodus

00:17:59.240 Kevin O'Leary says.

00:18:01.640 Mr. Wonderful

00:18:02.220 thinks it's a wonderful idea.

00:18:04.180 What he is proposing

00:18:05.000 is beyond insane

00:18:05.960 but I love it.

00:18:07.120 You guys live here

00:18:07.960 you're not paying

00:18:08.540 your fair share

00:18:09.160 you got to pay

00:18:09.580 110%

00:18:10.580 that's the right thing

00:18:11.320 to do

00:18:11.620 because he's not

00:18:12.620 cutting spending.

00:18:14.820 Hissner announced

00:18:15.500 a large tax increase

00:18:16.620 as part of his

00:18:17.380 preliminary budget plan.

00:18:18.960 The hike

00:18:20.540 was part of a threat

00:18:21.480 towards Albany governor

00:18:22.380 this we already know

00:18:23.020 we already read

00:18:23.500 all this stuff

00:18:23.960 the options

00:18:25.120 we get it

00:18:25.960 we get it

00:18:26.780 look at that

00:18:27.360 stick them up

00:18:28.580 Mayor Mamdani

00:18:29.540 threatens Hochul

00:18:30.300 raise taxes or else

00:18:31.460 an enthusiastic

00:18:33.480 O'Leary was told

00:18:34.320 to stop yelling

00:18:35.040 by host Abby Phillips

00:18:36.680 as the panel

00:18:37.640 discussed income tax

00:18:38.780 hikes in the city

00:18:39.420 over the past 10 years

00:18:40.260 I'm not mad about it

00:18:41.040 I'm excited

00:18:41.540 because I want you

00:18:42.560 to pay

00:18:43.000 not me

00:18:43.680 the post has reached

00:18:45.480 out to City Hall

00:18:46.200 indeed

00:18:48.960 is that they

00:18:49.560 absolutely want

00:18:50.160 to tax the rich

00:18:50.880 however

00:18:52.120 they can't

00:18:53.920 and the reason

00:18:54.920 they can't

00:18:55.460 is something

00:18:55.860 we call

00:18:56.360 the Laffer curve

00:18:57.280 you will drive

00:18:58.980 away big business

00:19:00.260 there was a video

00:19:00.860 I saw that was

00:19:01.580 absolutely beautiful

00:19:03.120 absolutely beautiful

00:19:04.740 it was an older guy

00:19:06.080 talking to a younger

00:19:06.940 guy who was like

00:19:07.560 a commie

00:19:07.920 and these socialists

00:19:09.460 these communists

00:19:10.200 they just don't

00:19:11.260 get economics

00:19:12.120 they really don't

00:19:13.060 what they want

00:19:13.380 is slaves

00:19:13.840 and what he said

00:19:15.300 was

00:19:15.600 he said

00:19:17.080 my friends

00:19:17.760 he said

00:19:19.820 do you think

00:19:20.400 I should be taxed

00:19:21.580 70% on every dollar

00:19:23.640 after 2 million

00:19:24.720 and the guy said

00:19:26.140 yes

00:19:26.600 and 75%

00:19:28.120 for every dollar

00:19:28.720 after that

00:19:29.360 and he said

00:19:31.000 okay I'll tell you

00:19:31.580 what I'm gonna do

00:19:32.160 once I hit

00:19:33.640 2 million dollars

00:19:34.580 I'm gonna furlough

00:19:35.800 all my employees

00:19:36.640 shut the business down

00:19:38.080 and go play golf

00:19:38.960 for the rest of the year

00:19:39.840 why should I do

00:19:41.900 extra work

00:19:42.780 if I'm not

00:19:43.960 going to make

00:19:44.600 anything for it

00:19:45.440 this is not

00:19:46.680 a threat

00:19:47.240 it's a fact

00:19:48.760 but these communists

00:19:50.720 don't get it

00:19:52.100 no matter how many

00:19:52.720 times you tell them

00:19:53.500 they're just not

00:19:53.960 smart enough

00:19:54.380 to comprehend

00:19:54.880 I'm not

00:19:55.920 going to work

00:19:57.100 for free bro

00:19:58.100 they don't get it

00:19:59.720 you can scream

00:20:00.540 in their faces

00:20:01.160 I'm not

00:20:02.020 going to work

00:20:03.380 for free

00:20:03.940 and they don't get it

00:20:04.840 so I'll say it again

00:20:06.840 the only outcome

00:20:08.780 that Mamdani

00:20:09.300 is proposing

00:20:09.840 is a tax

00:20:10.360 on a property

00:20:11.460 which will be

00:20:12.560 a collapse

00:20:13.040 of the city

00:20:13.520 it's gonna fall

00:20:14.360 into slums

00:20:14.980 and disrepair

00:20:15.800 and I got the videos

00:20:16.740 of the feces everywhere

00:20:17.680 to prove it

00:20:18.080 and the garbage

00:20:18.660 please

00:20:20.920 commies

00:20:22.220 hear me

00:20:23.200 I work 16 hours

00:20:25.580 a day

00:20:26.000 and often

00:20:27.520 on the weekends

00:20:28.100 to run this company

00:20:29.740 we generate

00:20:31.320 eight figures

00:20:32.140 in revenue

00:20:32.760 putting our

00:20:33.980 evaluation

00:20:34.580 very very high

00:20:35.740 we have a lot

00:20:37.720 of ancillary

00:20:38.360 companies

00:20:38.900 we have a coffee

00:20:39.780 company

00:20:40.140 a skateboard

00:20:40.620 company

00:20:41.100 we have music

00:20:42.700 we make money

00:20:44.000 off all of these

00:20:44.640 things

00:20:44.960 we own property

00:20:45.760 that money

00:20:47.700 that I have

00:20:48.460 was not given

00:20:49.620 to me

00:20:50.080 handed to me

00:20:51.000 I didn't wake up

00:20:52.140 and inherit it

00:20:52.700 I come from humble

00:20:53.600 beginnings

00:20:53.960 on the south side

00:20:54.540 of Chicago

00:20:54.960 when I dropped

00:20:55.340 out of high school

00:20:55.840 it is only

00:20:57.400 because I work

00:20:58.940 ten times more

00:21:00.760 than most people

00:21:01.860 and I genuinely

00:21:03.120 mean it

00:21:03.640 I work 16 hour

00:21:05.540 days

00:21:06.020 but those days

00:21:07.100 are jam packed

00:21:08.040 with much more

00:21:08.980 work than the

00:21:09.460 average eight hour

00:21:10.140 day

00:21:10.420 and you know

00:21:10.920 I know

00:21:11.240 I used to do

00:21:12.100 manual labor

00:21:12.760 for a living

00:21:13.180 for two years

00:21:13.860 working at an

00:21:14.320 airport

00:21:14.560 and while I was

00:21:15.840 there for eight

00:21:16.500 hours

00:21:16.880 I work substantially

00:21:18.500 harder today

00:21:19.840 it's not about me

00:21:21.220 the point is

00:21:22.680 if you come to me

00:21:24.100 and say

00:21:24.440 Tim

00:21:24.720 and they already

00:21:25.960 do this

00:21:26.360 largely

00:21:26.860 but if you came

00:21:27.360 to me and said

00:21:27.800 we're going to

00:21:28.660 take 70%

00:21:30.000 of all the money

00:21:30.860 you make

00:21:31.200 after a cent number

00:21:32.140 I quit

00:21:33.780 now the funny

00:21:34.780 thing is the liberals

00:21:35.380 are going to be like

00:21:35.760 good quit

00:21:36.400 because we don't

00:21:37.400 like your politics

00:21:38.100 the point is this

00:21:39.380 I also make products

00:21:41.360 we also sell

00:21:42.020 merchandise

00:21:42.440 these are general

00:21:43.240 goods that people

00:21:43.900 like as well as

00:21:44.600 food products

00:21:45.240 and I tell you

00:21:47.100 my friends

00:21:47.600 if you told me

00:21:48.520 I couldn't make

00:21:49.040 any money off

00:21:49.540 doing it

00:21:49.860 I'm not going to

00:21:50.720 I'm going to do

00:21:52.020 a bunch of other

00:21:52.560 things

00:21:52.940 probably just

00:21:54.140 I don't know

00:21:54.420 play poker

00:21:54.940 or something

00:21:55.480 play video games

00:21:56.920 play guitar

00:21:57.680 chill

00:21:58.180 sit on the porch

00:21:59.060 hang out with the

00:21:59.500 family

00:21:59.800 it is only because

00:22:01.560 I know that if I

00:22:02.360 work as hard as I

00:22:03.180 can I will earn

00:22:04.560 that I do

00:22:05.200 for real

00:22:06.340 I'm not going to do

00:22:06.920 I'm not going to

00:22:07.360 work for nothing

00:22:07.820 so I left New York

00:22:10.480 and one of the

00:22:11.340 reasons was the

00:22:11.960 taxes were nuts

00:22:12.820 I was paying insane

00:22:14.420 taxes

00:22:14.940 there was violence

00:22:16.480 one of the big

00:22:17.060 issues was that

00:22:17.860 the way these

00:22:18.160 bombings

00:22:18.740 we have protests

00:22:20.620 and riots

00:22:21.160 the rent was

00:22:21.920 incredibly high

00:22:22.940 and I was making

00:22:24.080 good money

00:22:24.540 but could barely

00:22:25.080 afford stuff

00:22:25.600 I said I should

00:22:26.060 probably leave here

00:22:26.660 and go live

00:22:27.080 somewhere cheaper

00:22:27.740 I was able to

00:22:29.140 buy a house

00:22:29.860 bought a house

00:22:31.340 when I moved to

00:22:31.820 South Jersey

00:22:32.260 still high taxes

00:22:33.600 still problems

00:22:34.560 still riots

00:22:35.340 and then we

00:22:36.200 decided to move

00:22:36.720 out here

00:22:37.140 and West Virginia

00:22:37.920 has got its

00:22:38.320 share of problems

00:22:39.180 sure

00:22:40.080 but it's been

00:22:41.600 a lot better

00:22:42.140 cheaper

00:22:42.580 and the taxes

00:22:44.060 are lower

00:22:44.500 than New York

00:22:45.140 so if I stayed

00:22:47.680 in New York

00:22:48.280 let's say they

00:22:49.680 charged me 5%

00:22:51.020 instead of

00:22:52.300 15 or 13

00:22:53.620 I might say

00:22:55.500 well what's

00:22:56.140 the point of

00:22:56.540 I mean if I go

00:22:57.440 to another state

00:22:57.920 the taxes might

00:22:58.480 be 3 or 4%

00:22:59.520 one extra percent

00:23:00.400 I don't feel

00:23:00.980 like moving

00:23:01.340 guess what

00:23:02.700 if I would have

00:23:04.360 paid 100 bucks

00:23:05.140 in taxes

00:23:05.540 just a random

00:23:05.960 number

00:23:06.260 it would go

00:23:07.240 into New York's

00:23:07.820 pocket

00:23:08.100 instead they

00:23:09.340 came to me

00:23:09.720 and said

00:23:10.080 we want $110

00:23:10.920 and I said

00:23:11.580 that's the line

00:23:12.180 and then I

00:23:13.080 moved to West

00:23:13.560 Virginia

00:23:13.920 and guess what

00:23:14.860 West Virginia

00:23:15.200 asked for

00:23:15.620 $60

00:23:16.080 and I said

00:23:16.780 here you go

00:23:17.300 New York

00:23:18.300 now gets

00:23:19.360 zero

00:23:20.180 the Persian

00:23:22.500 Jewess 0.97

00:23:23.200 tweets

00:23:23.600 I'm a real

00:23:24.800 estate expert

00:23:25.340 in New York

00:23:26.640 City commercial

00:23:27.160 tenants are

00:23:28.000 customarily

00:23:28.560 responsible for

00:23:29.240 any increase

00:23:29.660 in property

00:23:30.040 taxes

00:23:30.400 this means

00:23:31.320 small business

00:23:32.080 owners like

00:23:32.580 the bodegas

00:23:33.100 Mamdani claims

00:23:33.760 to love so

00:23:34.200 much will

00:23:34.580 foot the bill

00:23:35.000 for the higher

00:23:35.340 property taxes

00:23:36.000 and given how

00:23:37.480 small their

00:23:38.100 margins are

00:23:38.760 a 9.5%

00:23:39.820 hike will be 1.00

00:23:40.380 devastating

00:23:40.880 this is what

00:23:41.840 it looks like

00:23:42.240 when you hire

00:23:42.700 an inexperienced

00:23:43.280 mayor who

00:23:44.220 doesn't understand

00:23:44.800 how property

00:23:45.300 taxes work

00:23:45.960 to be fair

00:23:47.080 this clip

00:23:48.480 she watched

00:23:49.100 omits that

00:23:49.940 he's saying

00:23:50.280 tax the rich

00:23:50.820 first

00:23:51.260 but that's

00:23:52.100 not possible

00:23:52.660 well ladies 0.89

00:23:54.000 and gentlemen

00:23:54.400 here we go

00:23:55.500 let's actually

00:23:56.480 pull up this

00:23:57.200 breaking

00:23:58.320 New York City

00:23:58.760 residents are

00:23:59.320 furious

00:23:59.720 as giant

00:24:00.780 snow piles

00:24:01.440 melt

00:24:01.860 revealing streets

00:24:02.900 filled with

00:24:03.400 feces

00:24:03.900 quote

00:24:05.300 I've lived

00:24:06.700 in the city

00:24:07.160 my whole life

00:24:07.800 I ain't never

00:24:08.460 seen no ish

00:24:09.520 like this

00:24:10.140 and the question

00:24:11.340 I have is

00:24:11.920 what changed

00:24:13.300 look at this

00:24:15.620 the entirety

00:24:17.040 of the sidewalk

00:24:17.540 is covered in

00:24:18.040 feces

00:24:18.400 this sidewalk

00:24:21.780 is filled 1.00

00:24:24.860 with shit 1.00

00:24:26.860 like this 1.00

00:24:30.020 is 0.98

00:24:31.320 ridiculous 0.58

00:24:33.300 I lived 0.97

00:24:34.800 I lived in New

00:24:35.840 York for five

00:24:36.380 years

00:24:36.720 I never

00:24:38.080 never saw

00:24:39.280 something like

00:24:39.800 that

00:24:39.880 me neither

00:24:51.140 what has

00:24:53.440 happened to

00:24:54.140 this place

00:24:54.580 now again

00:24:55.320 I'll throw

00:24:55.920 him a little

00:24:56.240 defense

00:24:56.840 because he

00:24:58.120 just got in

00:24:58.860 but it sounds

00:25:00.000 to me like

00:25:00.560 there is some

00:25:01.080 kind of like

00:25:01.420 major protest

00:25:02.300 or you know

00:25:04.000 light strike

00:25:05.200 against

00:25:05.600 Mamdani's

00:25:06.120 leadership

00:25:06.500 DSNY

00:25:08.760 working to

00:25:09.220 catch up

00:25:09.480 as trash

00:25:10.260 piles up

00:25:10.700 on snow

00:25:11.080 banks

00:25:11.320 in parts

00:25:11.700 of the

00:25:11.880 city

00:25:12.060 videos

00:25:12.880 have been

00:25:13.160 going viral 1.00

00:25:13.840 of garbage 0.99

00:25:15.520 everywhere 0.93

00:25:16.840 Mamdani gets

00:25:18.520 in and

00:25:19.240 something

00:25:19.560 happened

00:25:19.960 and people

00:25:20.660 just said

00:25:21.500 we're gonna 0.81

00:25:22.880 let the trash 1.00

00:25:23.420 and the crap 0.98

00:25:23.860 pile up 0.98

00:25:25.000 all over the

00:25:25.400 place

00:25:25.740 New Yorkers

00:25:27.440 forced to

00:25:28.060 dodge

00:25:28.340 minefields

00:25:29.360 of unscooped

00:25:30.060 dog poop

00:25:30.780 this is their

00:25:32.480 city

00:25:32.760 that's wild

00:25:34.140 what does

00:25:34.960 that say

00:25:35.340 something Volta

00:25:36.560 saves lives

00:25:37.300 I don't

00:25:37.500 know 0.98

00:25:38.180 crap 1.00

00:25:39.140 everywhere 1.00

00:25:40.640 imagine the 0.97

00:25:41.260 parasites

00:25:41.900 imagine the 0.98

00:25:44.200 rats

00:25:44.620 and the

00:25:45.160 disease

00:25:45.940 that's going

00:25:46.580 to emerge

00:25:46.980 from this

00:25:47.320 this is a

00:25:49.120 low trust

00:25:49.720 society

00:25:50.160 it's what

00:25:51.560 you get

00:25:51.900 Gothamist

00:25:53.540 says we

00:25:53.900 tested those

00:25:54.560 gross piles

00:25:55.220 of snow

00:25:55.860 on NYC

00:25:56.480 sidewalks

00:25:57.240 here's what

00:25:57.880 we found

00:25:58.300 heavens me

00:25:58.840 they found

00:26:00.160 bacteria

00:26:01.320 what did

00:26:03.080 they find

00:26:03.560 let's just

00:26:04.600 let's just

00:26:04.880 grab it

00:26:05.300 the results

00:26:06.340 confirm

00:26:07.220 mostly what

00:26:08.060 you already

00:26:08.320 suspected

00:26:08.800 the snow

00:26:09.580 acts as a

00:26:10.140 revolting

00:26:10.520 sponge for

00:26:11.380 the city's

00:26:11.800 filth

00:26:12.220 indeed

00:26:13.200 the usual

00:26:14.540 at times

00:26:14.880 toxic dirt

00:26:15.540 grime

00:26:15.820 and excretions

00:26:16.600 might typically

00:26:17.080 be washed

00:26:17.580 away by the

00:26:18.060 wind and rain

00:26:18.620 they've been

00:26:19.420 trapped by

00:26:19.880 glacial

00:26:20.240 suspension

00:26:20.780 for weeks

00:26:21.400 this is a

00:26:23.240 nightmare of 0.91

00:26:23.860 disgusting 0.92

00:26:24.260 sludge 0.78

00:26:24.680 they found

00:26:25.840 lead

00:26:26.320 pigeon

00:26:27.460 feces

00:26:28.140 animal 1.00

00:26:29.300 crap 1.00

00:26:29.840 they say 1.00

00:26:31.580 what do they

00:26:32.300 find

00:26:32.620 125 parts

00:26:34.560 per billion

00:26:35.120 for lead

00:26:35.740 another

00:26:36.820 place

00:26:37.300 marked

00:26:37.660 with

00:26:37.900 yellow

00:26:39.280 pea

00:26:39.700 stains

00:26:40.180 113

00:26:41.640 parts

00:26:42.000 per

00:26:42.200 billion

00:26:42.480 a kid

00:26:43.640 is skimming

00:26:44.200 some snow

00:26:44.640 and putting

00:26:44.960 it in their 0.92

00:26:45.220 mouth

00:26:45.540 they would

00:26:45.780 get a decent

00:26:46.320 dose of

00:26:46.860 lead

00:26:47.320 and bacteria

00:26:48.460 but those

00:26:50.140 lead levels

00:26:50.540 are still far

00:26:51.060 lower than

00:26:51.420 what you'd

00:26:51.620 find in

00:26:51.880 much of

00:26:52.140 New York

00:26:52.380 City's

00:26:52.720 soil

00:26:53.020 jeez

00:26:54.460 this city

00:26:56.180 is a 1.00

00:26:56.480 disgusting 1.00

00:26:57.060 cesspit 0.99

00:26:57.720 that's

00:26:59.300 crazy

00:26:59.680 man 0.98

00:27:00.000 you know

00:27:01.660 something's

00:27:02.900 wrong with

00:27:03.280 this place

00:27:03.880 something's

00:27:05.160 wrong with

00:27:05.540 this place

00:27:06.080 you know

00:27:07.860 what's

00:27:08.000 interesting

00:27:08.360 what I'll

00:27:10.580 say is

00:27:10.860 this

00:27:11.180 do you

00:27:12.720 know about

00:27:13.000 the shopping

00:27:14.180 cart

00:27:14.520 problem

00:27:15.020 this is one

00:27:16.980 of the tests

00:27:17.380 we like to

00:27:17.900 do

00:27:18.000 it's a gag

00:27:18.500 test

00:27:18.880 but when

00:27:19.180 we're hiring

00:27:19.560 someone new

00:27:20.140 we go

00:27:20.360 shopping

00:27:20.700 with them

00:27:21.000 and see

00:27:21.300 what they

00:27:21.520 do with

00:27:21.720 the shopping

00:27:22.080 cart

00:27:22.380 it's the

00:27:23.760 ultimate

00:27:24.000 test

00:27:24.360 they say

00:27:24.800 of a

00:27:25.500 functioning

00:27:25.860 society

00:27:26.380 you bring

00:27:27.500 the shopping

00:27:27.900 cart to

00:27:28.300 your car

00:27:28.660 it's a

00:27:30.200 minor inconvenience

00:27:31.120 to have to

00:27:31.440 bring it

00:27:31.680 back to

00:27:32.020 the store

00:27:32.380 or to

00:27:33.440 the corral

00:27:34.180 but

00:27:35.760 you don't

00:27:37.740 have to

00:27:38.120 do it

00:27:38.420 there's no

00:27:39.480 real reward

00:27:40.260 for doing

00:27:40.780 it

00:27:41.020 so would

00:27:42.300 you

00:27:42.460 would you

00:27:43.700 take the

00:27:44.220 extra 30

00:27:44.960 seconds

00:27:45.420 to bring

00:27:46.320 the shopping

00:27:46.840 cart to

00:27:47.360 the corral

00:27:47.880 I always

00:27:49.520 do

00:27:50.020 always

00:27:50.800 sometimes

00:27:52.220 you get

00:27:52.480 lucky

00:27:52.760 and you're

00:27:53.260 filling up

00:27:53.820 your groceries

00:27:54.200 and someone

00:27:54.440 walks by

00:27:54.860 and says

00:27:55.060 hey I'll

00:27:55.260 take that

00:27:55.540 cart

00:27:55.760 and they'll

00:27:56.200 take it

00:27:56.460 because

00:27:56.640 they

00:27:56.760 want

00:27:56.900 to

00:27:56.960 use

00:27:57.100 it

00:27:57.280 is

00:27:58.160 one

00:27:59.420 of

00:27:59.520 the

00:27:59.580 wheels

00:27:59.720 busted

00:28:00.060 nope

00:28:00.600 I'll

00:28:01.240 take it

00:28:02.180 it's the

00:28:03.040 ultimate test

00:28:03.460 of a high

00:28:03.760 trust society

00:28:04.300 they say

00:28:04.700 are the

00:28:05.680 people willing

00:28:06.140 to return

00:28:06.560 the carts

00:28:06.960 to the

00:28:07.180 corral

00:28:07.440 if they're

00:28:07.860 not

00:28:08.160 you're

00:28:08.580 falling

00:28:08.780 apart

00:28:09.060 what we

00:28:10.140 see here

00:28:10.480 is level

00:28:10.760 two

00:28:11.060 will you

00:28:12.000 pick up

00:28:12.360 your dog's 1.00

00:28:12.900 crap 1.00

00:28:13.220 and for 0.99

00:28:14.300 the longest

00:28:14.640 time

00:28:14.920 people did

00:28:15.420 you walk

00:28:15.980 your dog

00:28:16.380 you pick

00:28:16.660 up his

00:28:16.880 poop 0.95

00:28:17.080 you put

00:28:17.320 in a

00:28:17.480 garbage 0.69

00:28:17.720 bin

00:28:17.960 and then

00:28:19.000 what

00:28:19.100 happened

00:28:19.360 as New

00:28:20.380 York

00:28:20.620 becomes

00:28:21.060 increasingly

00:28:21.660 low

00:28:22.080 trust

00:28:22.540 people say

00:28:23.900 why should

00:28:24.560 I bother

00:28:25.000 it's

00:28:26.140 broken

00:28:26.360 windows

00:28:26.780 you know

00:28:28.560 a long

00:28:28.800 time ago

00:28:29.160 I think

00:28:29.340 this was

00:28:29.500 back in

00:28:29.760 the 80s

00:28:30.200 the idea

00:28:31.460 was

00:28:31.880 if you

00:28:32.700 came across

00:28:33.120 a building

00:28:33.560 with a

00:28:33.800 broken

00:28:34.040 window

00:28:34.420 you didn't

00:28:35.740 care

00:28:36.000 it's

00:28:36.680 falling

00:28:36.880 apart

00:28:37.180 anyway

00:28:37.440 and so

00:28:38.120 what

00:28:38.260 happened

00:28:38.480 is

00:28:38.640 people

00:28:38.860 would

00:28:38.980 spray

00:28:39.180 paint

00:28:39.420 they'd

00:28:40.120 break

00:28:40.320 a

00:28:40.440 window

00:28:40.720 and the

00:28:41.300 building

00:28:41.520 eventually

00:28:41.840 falls

00:28:42.220 apart

00:28:42.480 because

00:28:42.660 everyone

00:28:43.060 does

00:28:43.460 litter

00:28:44.380 is much

00:28:44.780 the

00:28:44.940 same

00:28:45.220 do

00:28:45.920 you

00:28:45.980 see

00:28:46.100 litter

00:28:46.280 on

00:28:46.440 the

00:28:46.520 ground

00:28:46.780 people

00:28:47.380 are

00:28:47.580 substantially

00:28:48.140 more

00:28:48.600 likely

00:28:48.920 to

00:28:49.160 litter

00:28:52.080 it's

00:28:52.220 like

00:28:52.500 I guess

00:28:52.960 that's

00:28:53.100 what

00:28:53.180 we

00:28:53.300 do

00:28:53.520 so

00:28:55.000 at

00:28:55.180 the

00:28:55.280 time

00:28:55.600 I

00:28:56.100 think

00:28:56.220 this

00:28:56.340 was

00:28:56.480 Giuliani

00:28:56.980 who

00:28:57.180 was

00:28:57.340 like

00:28:57.600 arrest

00:28:58.280 anyone

00:28:59.240 for

00:28:59.660 the

00:28:59.860 smallest

00:29:00.320 of

00:29:00.560 infraction

00:29:01.040 if

00:29:02.580 you

00:29:02.740 arrest

00:29:03.180 people

00:29:03.680 for

00:29:04.200 minor

00:29:04.520 infractions

00:29:05.240 the

00:29:05.760 heavier

00:29:06.060 ones

00:29:06.520 stop

00:29:07.000 or

00:29:07.500 slow

00:29:07.760 down

00:29:08.060 that

00:29:08.860 was

00:29:09.000 the

00:29:09.140 idea

00:29:09.440 and

00:29:10.420 I

00:29:10.520 don't

00:29:10.600 know

00:29:10.700 that

00:29:11.120 we

00:29:11.220 can

00:29:11.340 say

00:29:11.480 that

00:29:11.600 it

00:29:11.720 definitively

00:29:12.320 worked

00:29:12.600 because

00:29:13.300 I

00:29:13.540 don't

00:29:13.780 believe

00:29:14.080 law

00:29:14.660 dictates

00:29:15.460 what

00:29:16.280 someone

00:29:16.600 will

00:29:16.840 or

00:29:16.940 won't

00:29:17.120 do

00:29:17.280 for

00:29:17.400 the

00:29:22.080 issue

00:29:22.240 is

00:29:22.400 your

00:29:22.560 culture

00:29:22.920 and

00:29:24.420 as

00:29:24.560 we

00:29:24.680 watched

00:29:24.940 this

00:29:25.140 happen

00:29:25.400 we

00:29:25.600 sought

00:29:25.860 to

00:29:26.060 enforce

00:29:26.620 a

00:29:26.820 machine

00:29:27.300 against

00:29:27.840 a

00:29:28.020 degrading

00:29:28.440 culture

00:29:28.820 and

00:29:29.640 now

00:29:29.860 New

00:29:30.100 York

00:29:30.300 exemplifies

00:29:31.020 it

00:29:31.240 people

00:29:32.040 walk

00:29:32.320 their

00:29:32.500 dog

00:29:32.740 their

00:29:32.880 dog

00:29:33.120 craps

00:29:33.440 and

00:29:33.520 they

00:29:33.620 say

00:29:33.820 who

00:29:34.360 cares

00:29:34.600 no

00:29:35.460 one

00:29:35.580 else

00:29:35.760 picks

00:29:35.980 it

00:29:36.060 up

00:29:36.160 why

00:29:36.340 should

00:29:36.520 I

00:29:36.700 look

00:29:37.480 there's

00:29:38.040 500

00:29:38.420 piles

00:29:38.820 of 1.00

00:29:38.960 crap 1.00

00:29:39.200 what's 1.00

00:29:39.540 one

00:29:39.760 more

00:29:40.080 the

00:29:40.860 snowflake

00:29:41.420 doesn't

00:29:42.000 blame

00:29:42.240 itself

00:29:42.600 for

00:29:42.960 the

00:29:43.100 avalanche

00:29:43.560 I'm

00:29:45.580 going to

00:29:45.700 show

00:29:45.860 you

00:29:45.980 this

00:29:46.220 here's

00:29:52.080 sustained

00:29:52.500 population

00:29:53.240 outflow

00:29:53.820 with

00:29:54.980 415,449

00:29:57.140 people

00:29:57.460 leaving

00:29:57.720 New York

00:29:58.020 State

00:29:58.240 in

00:29:58.360 2024

00:29:58.840 and

00:29:59.620 significant

00:29:59.940 numbers

00:30:00.340 continuing

00:30:00.740 into

00:30:00.920 early

00:30:01.160 2026

00:30:01.840 driven

00:30:02.060 by

00:30:02.220 high

00:30:02.480 costs

00:30:02.920 taxes

00:30:03.500 and

00:30:04.020 desire

00:30:04.440 for

00:30:04.680 more

00:30:04.840 space

00:30:05.220 while

00:30:05.920 the

00:30:09.900 pandemic

00:30:10.180 era

00:30:10.560 5.3%

00:30:12.180 population

00:30:12.580 drop

00:30:12.840 was the

00:30:13.080 most

00:30:13.240 severe

00:30:13.660 a

00:30:14.400 steady

00:30:14.700 ongoing

00:30:15.180 regional

00:30:15.640 shuffle

00:30:16.020 sees

00:30:16.760 residents

00:30:17.100 moving

00:30:17.440 to

00:30:17.660 warmer

00:30:18.020 lower

00:30:18.320 tax

00:30:18.680 states

00:30:19.000 like

00:30:19.580 Florida

00:30:19.940 and

00:30:20.580 Texas

00:30:20.900 or

00:30:21.100 even

00:30:21.260 nearby

00:30:21.560 Philadelphia

00:30:22.000 they

00:30:24.020 say

00:30:24.180 the

00:30:24.280 key

00:30:24.420 drivers

00:30:24.740 are

00:30:24.860 high

00:30:25.020 cost

00:30:25.320 of

00:30:25.420 living

00:30:25.600 housing

00:30:25.940 childcare

00:30:26.340 and

00:30:26.540 overall

00:30:26.840 expenses

00:30:27.360 concerns

00:30:28.580 of the

00:30:28.900 city's

00:30:29.160 future

00:30:29.460 and

00:30:29.580 high

00:30:29.780 taxes

00:30:30.200 specifically

00:30:31.060 the

00:30:31.300 salt

00:30:31.520 deduction

00:30:31.880 cap

00:30:32.240 and

00:30:32.740 potential

00:30:33.020 new

00:30:33.280 local

00:30:33.580 tax

00:30:33.860 increases

00:30:34.300 have

00:30:34.820 driven

00:30:35.080 10%

00:30:35.720 of

00:30:35.900 households

00:30:36.280 earning

00:30:36.520 over

00:30:36.740 10

00:30:36.980 million

00:30:37.220 to

00:30:37.820 depart

00:30:38.120 between

00:30:38.480 2018

00:30:38.960 and

00:30:39.180 2023

00:30:39.640 major

00:30:40.640 corporations

00:30:41.120 like

00:30:41.360 JP

00:30:41.600 Morgan

00:30:41.940 Goldman

00:30:42.580 Sachs

00:30:42.980 and

00:30:43.080 Morgan

00:30:43.280 Stanley

00:30:43.580 are

00:30:43.860 moving

00:30:44.240 operations

00:30:44.880 and

00:30:45.460 staff

00:30:45.840 to

00:30:46.000 other

00:30:46.180 states

00:30:46.500 the

00:30:47.340 exodus

00:30:47.740 which

00:30:48.440 initially

00:30:48.740 peaked

00:30:49.160 in

00:30:52.000 families

00:30:52.260 and

00:30:52.400 the

00:30:52.500 very

00:30:52.680 wealthy

00:30:53.000 although

00:30:53.780 some

00:30:54.080 areas

00:30:54.320 like

00:30:54.520 Manhattan

00:30:54.860 saw

00:30:55.160 a

00:30:55.340 slight

00:30:55.560 stabilization

00:30:56.280 understand

00:30:57.920 this

00:30:58.440 go

00:31:00.060 skiing

00:31:00.500 have

00:31:02.000 you ever

00:31:02.160 been

00:31:02.280 skiing

00:31:02.540 or

00:31:02.680 snowboarding

00:31:03.080 people

00:31:04.260 just

00:31:04.600 put

00:31:04.840 their

00:31:05.020 thousands

00:31:05.480 of

00:31:05.780 dollars

00:31:06.100 in

00:31:06.340 ski

00:31:06.540 equipment

00:31:06.840 up

00:31:07.140 against

00:31:07.380 a

00:31:07.540 rack

00:31:07.780 and

00:31:08.000 walk

00:31:08.300 away

00:31:08.580 go

00:31:08.820 inside

00:31:09.240 and

00:31:09.480 drink

00:31:09.900 cocoa

00:31:10.240 or

00:31:10.400 use

00:31:10.520 the

00:31:10.640 bathroom

00:31:10.940 they

00:31:11.800 are

00:31:11.920 not

00:31:12.100 concerned

00:31:12.500 at

00:31:12.700 all

00:31:12.900 that

00:31:13.400 someone

00:31:13.660 will

00:31:13.940 steal

00:31:14.400 their

00:31:14.800 ski

00:31:15.020 equipment

00:31:15.380 this

00:31:16.200 is

00:31:16.360 called

00:31:16.580 high

00:31:16.840 trust

00:31:17.280 but

00:31:17.980 guess

00:31:18.100 what

00:31:18.340 these

00:31:19.080 people

00:31:19.280 are

00:31:19.420 also

00:31:19.620 very

00:31:19.880 wealthy

00:31:20.220 I

00:31:21.020 am

00:31:21.140 not

00:31:21.380 particularly

00:31:21.940 concerned

00:31:22.580 with

00:31:23.120 someone

00:31:23.400 stealing

00:31:23.800 my

00:31:24.100 skis 0.98

00:31:24.540 because

00:31:25.140 the

00:31:25.380 dude

00:31:25.720 who's

00:31:25.960 put

00:31:26.120 his

00:31:26.240 skis 0.98

00:31:26.460 next

00:31:26.680 to

00:31:26.820 mine

00:31:27.080 is

00:31:27.420 also

00:31:27.720 rich

00:31:28.220 so

00:31:29.440 here's

00:31:29.620 what

00:31:29.680 happens

00:31:30.040 wealthy

00:31:31.400 and

00:31:32.200 high

00:31:32.440 trust

00:31:32.820 go

00:31:33.120 hand

00:31:33.340 in

00:31:33.460 hand

00:31:33.680 not

00:31:33.980 perfectly

00:31:34.400 culture

00:31:35.920 and

00:31:36.180 religion

00:31:36.440 and

00:31:36.640 faith

00:31:36.820 do

00:31:36.980 as

00:31:37.100 well

00:31:37.300 when

00:31:38.360 the

00:31:38.500 wealthier

00:31:38.920 individuals

00:31:39.360 begin

00:31:39.640 to

00:31:39.840 leave

00:31:40.220 these

00:31:40.680 are

00:31:40.780 people

00:31:41.000 who

00:31:41.120 are

00:31:41.200 willing

00:31:41.360 to

00:31:41.480 work

00:31:41.640 harder

00:31:41.880 you

00:31:42.840 are

00:31:42.980 left

00:31:43.280 with

00:31:43.620 low

00:31:44.020 trust

00:31:44.400 and

00:31:45.120 higher

00:31:45.360 poverty

00:31:45.680 individuals

00:31:46.160 the

00:31:47.720 city

00:31:47.880 is

00:31:47.980 going

00:31:48.080 to

00:31:48.160 fall

00:31:48.300 apart

00:31:48.620 nay

00:31:49.980 it

00:31:50.560 already

00:31:50.880 is

00:31:51.220 and

00:31:52.040 it's

00:31:52.180 sad

00:31:52.340 to

00:31:52.460 see

00:31:52.620 Trump

00:31:53.280 saved

00:31:53.620 it

00:31:53.740 in

00:31:53.800 the

00:31:53.880 80s

00:31:54.140 they

00:31:54.260 say

00:31:54.460 he

00:31:55.400 brought

00:31:55.720 in

00:31:56.040 high

00:31:56.700 high

00:31:57.580 income

00:31:58.360 clientele

00:31:59.280 to buy

00:31:59.780 into

00:32:00.300 his

00:32:00.500 buildings

00:32:00.800 because

00:32:01.100 he

00:32:01.360 created

00:32:01.840 this

00:32:01.980 idea

00:32:02.220 of

00:32:02.380 prestige

00:32:02.920 and

00:32:03.300 class

00:32:03.740 this

00:32:04.800 generated

00:32:05.140 more

00:32:05.340 tax

00:32:05.620 revenue

00:32:05.900 allowed

00:32:06.640 for

00:32:06.800 the

00:32:06.920 services

00:32:07.280 that

00:32:07.600 they

00:32:07.700 needed

00:32:08.060 to

00:32:08.220 clean

00:32:08.400 the

00:32:08.520 city

00:32:08.680 up

00:32:08.860 and

00:32:09.060 they

00:32:09.180 did

00:32:09.360 and

00:32:10.500 now

00:32:10.800 it's

00:32:11.280 going

00:32:11.440 the

00:32:11.560 more

00:32:17.120 to

00:32:17.300 come

00:32:17.580 we'll

00:32:18.560 be

00:32:18.660 back

00:32:18.840 tonight

00:32:19.020 for

00:32:19.180 8

00:32:19.300 8

00:32:20.320 PM

00:32:20.580 subscribe

00:32:21.320 share

00:32:21.740 this

00:32:21.920 video

00:32:22.120 thank

00:32:22.360 you

00:32:22.440 so

00:32:22.580 much

00:32:22.780 and

00:32:23.140 we'll

00:32:23.240 see

00:32:23.400 you

00:32:23.500 all

00:32:23.660 in

00:32:23.780 the

00:32:23.860 next

00:32:24.040 show

The Culture War - Tim Pool - February 18, 2026

Mamdani Socialism BACKFIRES On NYC, Mayor Threatens To RAISE Taxes On Working Class

Episode Stats

Summary

Transcript