Valuetainment - “New York Will Lose $1 Trillion” - Mamdani’s MASSIVE Death Tax Bombshell Targets NYC's Wealthy

00:00:00.000 getting ready for a game means being ready for anything like packing a spare stick i like to

00:00:09.560 be prepared that's why i remember 988 canada's suicide crisis helpline it's good to know just

00:00:15.720 in case anyone can call or text for free confidential support from a train responder

00:00:20.520 anytime 988 suicide crisis helpline is funded by the government in canada

00:00:25.480 they're so far inside that they have the mayor of the biggest city in america on his knees

00:00:33.120 praying with other isis members throwing isis signs rob can you pull up the prayer

00:00:38.400 of mamdani from new york city doing his prayer with others uh uh do you have that or

00:00:45.520 did you guys see this clip here with him sitting down with others oh yeah he's he's sitting down

00:00:53.700 he's doing his prayer and then from there you know he's saying well we're running out of money

00:00:57.960 uh uh i'll wait for rob to find this you should have it rob i have the money one right here

00:01:02.940 yeah we'll go to that afterwards uh first let's go to the prayer right right in city hall and

00:01:07.500 they're all sitting on the rug and they're having like a lunch and a prayer and and all

00:01:12.920 of a sudden these guys off to the left of the one frame start throwing signs and it's like wow what

00:01:18.220 is that democracy pretty much dies through itself in this kind of situation it's like people voted

00:01:24.120 for this and then they suffer the it's just so disturbing it's last 36 hours rob mom donnie

00:01:30.200 it's it's everywhere rob i okay play the other clip rob i'll find it send it to you if you want

00:01:36.680 to just play the other clip first this is mom donnie when it comes down to death taxes watch 1.00

00:01:42.660 this go ahead amidst being in the wealthiest city in the wealthiest country in the history of the

00:01:47.260 world, we already see an exodus of working and middle-class New Yorkers.

00:01:51.380 So I don't have a hesitation in asking those who make the most amount of money

00:01:55.280 in this city or the most profits in this city to pay a little bit more so that everyone

00:01:58.940 can actually stay in this city. It's also something not just about justice

00:02:03.240 or the ability for working-class people to live here. It is also

00:02:07.220 actually about ensuring that corporations can continue to attract the top

00:02:11.100 talent to this city. Because in a city where child care costs more than $20,000

00:02:15.220 a year. I've heard from corporate leaders

00:02:17.360 about how difficult it is for them to

00:02:19.240 attract individuals who would work at

00:02:21.200 their companies but want to raise a family because

00:02:23.140 you could be making $300,000 a year

00:02:25.220 and you will feel that $20,000

00:02:27.180 a year because of the fact that we

00:02:29.240 have allowed for the absence of affordable child care

00:02:31.340 to become reality here

00:02:33.140 in this city. Tom. Amidst

00:02:34.720 It's

00:02:36.040 It's like

00:02:40.180 It's the first time

00:02:41.100 It's the first time Tom

00:02:42.640 You chase your tax pace out, and what do you expect?

00:02:48.680 You chase all the people out that are paying taxes so that the government can find ways to make maybe subsidized daycare,

00:02:55.740 to help workers be available, and do something productive that helps everything come together.

00:03:01.380 Instead, you stand there and say, well, you know, daycare is $20,000 a year,

00:03:06.640 and even people $300,000 here, they have trouble making it, and you want to take half of it, right?

00:03:12.200 Can we actually give the exact stats, Rob?

00:03:15.660 I just sent you this tweet if you want to pull that up.

00:03:17.620 This is very important for all of us.

00:03:19.520 It is.

00:03:19.940 This is very important to see the details of what he's doing.

00:03:22.420 So Mamdani has proposed lowering the exemption on death taxes,

00:03:26.860 estate tax from $7.1 million down to $750, okay?

00:03:31.900 He also increased the death tax from 16% to 50% in his city.

00:03:38.780 That is crazy.

00:03:39.480 No other jurisdiction in the U.S. confiscates wealth at death from people.

00:03:44.080 With that small state, small of an estate, anyone with any equity in a home New York City would likely exceed the $750 and have to pay the death tax.

00:03:53.880 There is a federal estate tax or estate wealth that exceeds $15 million individuals.

00:03:59.340 However, you can deduct the other state and city estate taxes before paying for the federal estate tax.

00:04:06.000 So effectively, Mamdani is preventing the federal government from taxing estates.

00:04:09.840 New York City and New York State are taking it first.

00:04:12.600 They're taking it first.

00:04:14.280 The money goes to them first.

00:04:15.840 Translate it for people.

00:04:17.740 Your mom is a widow. 0.87

00:04:19.840 Your dad's been gone for a while.

00:04:21.680 God rest his soul.

00:04:22.820 And your mom passes away.

00:04:24.060 You find out her home in New York is worth $770.

00:04:27.980 Your sister is married with a child.

00:04:31.660 And you say, wouldn't it be great if my sister could move into mom's house 1.00

00:04:34.940 because it's all paid for.

00:04:36.760 Yeah, but now someone in the family has got to come up

00:04:38.760 with $350,000 minimum to give to the city of New York

00:04:45.600 because the house is being taxed.

00:04:48.360 So you know what they do?

00:04:50.140 They sell the house, your sister, your brother-in-law,

00:04:53.660 and the child.

00:04:54.560 They continue to live in the Bronx

00:04:56.400 until they get a better job outside the city.

00:04:59.520 Let me tell you, that's the story.

00:05:00.980 Do you see what just happened?

00:05:01.880 And I'm just curious, Pat.

00:05:03.340 like all the people that were glazing over this guy the andrew schultz how would they feel like

00:05:08.780 because i remember i remember the podcast where andrew andrew and all of them were all excited

00:05:13.520 and he's there and they're like i'll pay the extra percent i'll pay that now it's going up

00:05:18.100 it was one now it's two now it's going to three now he wants your money when you die which says

00:05:22.280 750 should be going to to your kid that he doesn't he's a horrible job at cleaning up the city he's

00:05:27.840 He's letting homeless people die in the streets. 0.96

00:05:29.500 He's praying to Allah in freaking New York, okay? 0.97

00:05:33.720 The worst terrorist attack we've ever had. 0.98

00:05:36.140 That religion is in there praying, the Allah-u-Akbar, in there, and nope. 1.00

00:05:41.420 What happened?

00:05:42.420 I want to know if any of these people have buyer's remorse.

00:05:45.120 Nothing is going right.

00:05:46.520 Nothing.

00:05:46.880 He's lied about everything, and it drives me crazy.

00:05:50.040 That suicidal empathy.

00:05:51.100 No, no, we'll take anybody, okay?

00:05:53.400 Show me one thing right that he's doing.

00:05:55.000 Every week he's coming in front of the camera going,

00:05:56.880 hey, you know what? I need more money from you rich

00:05:58.900 people. And I just want to know if you guys are cool with

00:06:00.960 it. All the rich people that were clapping

00:06:03.060 and kissing his ass. Now what are you 1.00

00:06:05.020 doing? There's buyers from ours a week ago. We covered

00:06:07.000 the clip where all the people with the megaphone were

00:06:08.940 saying, hey, I own a house here and I think

00:06:10.900 they're in Brooklyn. We own homes here in Brooklyn.

00:06:12.960 He was going to do this. Now he's taxing us.

00:06:15.220 All the homeowners. The guy that was at the

00:06:17.020 microphone was a 0.92

00:06:18.520 black man with a

00:06:20.940 whole group of people around him and says, hey, work

00:06:22.920 for these companies and we work here. And they were

00:06:24.920 flipping out the news media didn't want to talk about it because he was the wrong color but he

00:06:28.940 was a citizen stating what you're just saying i have buyer's remorse yeah well but i haven't heard

00:06:33.800 the buyer's remorse because i'm just curious how much more are are they going to tax you how much 0.96

00:06:38.380 more is he going to take from you till you go on and you say you know what damn we got duped but 0.71

00:06:42.420 i'm very curious because they seem like new york i'm not hearing nothing from the new yorkers i'm 0.90

00:06:47.060 not hearing nothing this is the only video that i saw of the buyer's remorse this guy

00:06:51.760 that was the dude speech in every debate where you engage we opened our ears to listen yeah

00:06:58.960 now today accept the words echoing from us now do your job as mayor and leave our taxes out

00:07:06.280 two options you're saying if we don't tax the rich then i gotta increase property taxes

00:07:13.100 we are not appointed southeast queens we are not part of your negotiating tactics

00:07:17.800 and elon you ready for this yeah he voted for elon he's openly saying listen to this he openly 0.97

00:07:26.140 said a couple weeks ago if you're here illegally and your illegal kids are here i don't give a damn 1.00

00:07:31.840 where the taxpayer all those people glazing they're gonna pay for your illegal kid tell me 0.99

00:07:37.540 that's not incentivizing people to get your ass to new york sanctuary city yeah but this is the 0.98

00:07:42.000 great delusion i don't understand how people didn't expect this is what i'm confused by we 0.97

00:07:46.500 this is like that's why i said i feel like i'm in the twilight zone this plays out in every state

00:07:50.340 throughout all of history every time you have someone like this who's in power it never changes

00:07:54.980 the end result is the same everyone's okay with it as long as they think it's someone else's money

00:07:58.940 who's going to take care of them in the end of the day it always comes down to the entire population

00:08:04.140 who has to cover these expenses and people are just naive i don't know how people don't learn

00:08:09.140 like how do you not look at california how do you not look at other parts of the world where

00:08:12.960 these experiments have been done and failed 100 out of 100 times. It's the definition of insanity

00:08:17.480 doing the same thing. By the way, what's interesting is even though we got the reports of

00:08:22.920 remember when California lost a trillion dollars twice, right? But they lost the first trillion

00:08:29.300 because of COVID, the bad policies. They lost the second trillion because the wealth tax.

00:08:34.640 This right here, Rob, can you do me a favor? Ask Rock out of the 123 billionaires

00:08:41.340 billionaires in New York City, what is the average age of these billionaires? It's going to be in the

00:08:48.480 late 60s, early 70s. This is not Silicon Valley money. We're maybe in the 30s or 40s. This is

00:08:55.480 going to be 71, 66. It's going to be an age like that. What is the average age? Many over 70. Many

00:09:02.360 over 70. Okay, so billions are around 67. So guess what a 67-year-old is thinking about? If you're

00:09:09.340 a billionaire and you're in your late 60s what do you think is the most important conversation

00:09:15.240 you're having with your family office and your wife and your husband what do you think you're

00:09:19.200 talking about legacy estate planning protecting your assets so so so check this out so very weird

00:09:24.360 of all the people that left california like the sergey brand and all these people that are

00:09:29.380 leaving california and came down here they're in their 40s they're in their 50s new york wealth

00:09:35.400 is in their 70s so if you're pushing this now new york is all uh they're all coming to palm beach

00:09:42.540 in the next you're going to hear the announcement of wealth leaving in new york in a very different

00:09:48.260 way in a different audience you're going to hear names you don't know it's billionaires you've

00:09:52.580 never heard of before that's worth 2.8 billion 6.8 billion 3.9 billion and they're like you touch our

00:09:58.140 estate planning if this goes through vinnie it's not out of the 123 i don't think it's five percent

00:10:04.980 leaving if it actually goes through if it guess who's the first person that's saying we got to

00:10:12.080 move in new york of these billionaires the 123 guess who's telling them you got to move dad

00:10:18.340 the kids uh-huh 100 oh yeah because it's like yo they're messing with my freaking my future

00:10:23.620 the grandkids grandpa kids are gonna be like hey uh wait a minute did you just hear the

00:10:29.720 The state – that's $2.2 billion.

00:10:32.600 He's got four kids.

00:10:33.540 It's a half a billion for each one of us, guys.

00:10:35.420 We've got to make sure dad moves out of the state.

00:10:37.260 You don't think that's going to happen?

00:10:38.720 Oh, man.

00:10:39.620 You don't think that's going to – that's the difference between you getting –

00:10:41.940 give me the number if it's a $2 billion family and you've got four kids

00:10:45.300 and the four kids – the father is 75 years old

00:10:47.780 and the four kids know that $2 billion is going to go to them.

00:10:50.380 How much is the cost for each of the kids?

00:10:52.960 $125 million.

00:10:53.640 $125 million each.

00:10:54.760 Exactly.

00:10:56.160 $125 billion.

00:10:57.520 So let me ask you.

00:10:58.440 You're the kid.

00:10:58.980 What are you doing?

00:10:59.720 Hey, Dad.

00:11:00.740 I want that 125.

00:11:02.040 Dad, Florida is awesome right now.

00:11:03.760 Vinny, Vinny, we have to protect ourselves.

00:11:05.900 I mean, we have to protect Dad.

00:11:07.560 We've got to protect Dad.

00:11:08.280 We've got to get him from Florida.

00:11:09.420 Oh, my gosh.

00:11:10.140 It's too cold.

00:11:11.220 And by the way, let me ask.

00:11:13.020 So who else is on the kids' teams?

00:11:15.340 Who else is on the team of kids?

00:11:17.420 Who else is saying you've got to leave New York?

00:11:19.560 The wives? 0.94

00:11:19.980 The wives and the –

00:11:20.840 No, no.

00:11:21.100 Not the wives. 0.98

00:11:22.040 The family office advisors.

00:11:23.480 The financial advisors.

00:11:24.440 Yeah, the advisors.

00:11:25.220 The investment bankers.

00:11:27.100 The insurance guys.

00:11:28.320 All of these guys are saying, you guys got to get the hell out of here.

00:11:32.340 So this guy that's by himself, look who is around him, the $2.2 billion guy, the $4.8 billion guy, the family, the kids, the advisors, all are saying, let's have a meeting.

00:11:43.700 This is happening.

00:11:44.940 If this gets done, recommendation, move to Tennessee or move to Miami or move to Palm Beach.

00:11:49.960 But you have to leave the state.

00:11:51.520 Don't you think that?

00:11:52.360 And by the way, guess who else is thinking about this right now?

00:11:54.880 If this is real, guess who else is sitting there saying, what are we going to do?

00:11:59.560 You know who else?

00:12:00.580 You don't think David Solomon is paying attention to this.

00:12:03.000 You don't think Jamie Dimon is sitting there in their offices coaching and challenging their advisors on how to talk to their clients.

00:12:10.840 You don't think the boardroom of all these firms that are managing money that have $8.3 trillion of money under management, $2.8 trillion of money under management.

00:12:19.840 You don't think these guys are saying, hey, we have to advise our clients to leave.

00:12:23.740 because those guys don't have money that they get for 5, 10 years.

00:12:27.740 When they get family money, they're getting that family money for 20, 30, 40, 50 years.

00:12:32.960 And it's blocks of money.

00:12:34.720 So if I'm running Goldman or if I'm running Morgan Stanley or Merrill

00:12:38.420 or if I'm running any of these big firms, I'm sitting there today,

00:12:41.600 I'm talking to my analyst, and guess what I'm asking him?

00:12:44.780 Guys, can you run a report of the $8.3 trillion of wealth that we have?

00:12:49.000 How much of it is concentrated in New York City?

00:12:51.620 Boss, we just ran it.

00:12:54.440 It's right around $320 billion of wealth that we have in New York City.

00:12:58.160 We need to have a meeting, a family office meeting,

00:13:01.180 emergency meeting with all our clients in New York City

00:13:04.020 and let them know exactly what the results are going to be with recommendation.

00:13:08.000 If I'm running one of these banks, I'm hosting a meeting at a nice property

00:13:12.640 in Gurney, in whatever you want to call it, and they'll come in private meeting.

00:13:16.480 And I'm going to say, guys, if you're wondering,

00:13:18.560 You've already talked to your tax people.

00:13:20.700 You've already talked to your state planners.

00:13:22.640 Here's what's going on.

00:13:23.420 We brought an economist.

00:13:24.480 We brought a CPA.

00:13:25.820 We brought our team that's this.

00:13:26.940 We brought our chief information officer.

00:13:29.020 We brought our chief investment officer.

00:13:30.740 Here's what you're going to be looking at.

00:13:31.880 Boom, boom, boom, boom, boom.

00:13:33.440 Solution, a lot of you guys are probably wondering.

00:13:35.140 These are seven things that our clients are doing right now that we're recommending them to consider.

00:13:38.780 One, move here.

00:13:39.780 Two, get this.

00:13:40.400 Three, you don't think they're having that conversation?

00:13:42.960 100%.

00:13:43.060 They are.

00:13:43.620 You know what the funny punchline is?

00:13:44.820 What's that?

00:13:45.240 Wells Fargo says, Vinny, you need to be there because us here at Wells Fargo, ultra high net worth advisors are going to hold a meeting.

00:13:53.000 And you say, in Napa as usual?

00:13:55.720 No, no, no.

00:13:56.300 We're in Palm Beach now.

00:13:57.540 We moved in the spring of 2026.

00:14:00.020 Wells Fargo moved all of our wealth guys to Palm Beach.

00:14:02.500 So come on down. 0.96

00:14:03.320 We're on Worth Avenue.

00:14:04.180 It'll be great.

00:14:04.720 That's where we're meeting.

00:14:06.220 Why do you think they moved there?

00:14:07.480 By the way, just visually, folks, if you're watching this, visually, what I just presented to do,

00:14:13.020 How believable is it that each of those meetings are being had with these billionaires in New York City?

00:14:19.220 Yeah.

00:14:19.860 My question is, though, historically, when we look at, let's say, extreme taxation, right, when we went above 90 percent,

00:14:25.040 what happened is all the real billionaires, all the people who have the access to amazing financial advisors,

00:14:30.900 were able to find loopholes and protect their assets.

00:14:33.260 In the end of the day, it affected people who have like a million dollars who are hoping to leave this to their kids.

00:14:38.100 That's who ended up paying the consequences.

00:14:40.380 New York City is about to lose a trillion dollars.

00:14:43.020 New York City is about to lose a trillion dollars.

00:14:45.460 And by the way, let's play a game.

00:14:49.580 Let's play a game, folks.

00:14:51.200 Run a poll, Rob.

00:14:52.300 How long until we get news reporting that a trillion dollars of wealth has left New York City?

00:15:00.940 Okay?

00:15:01.360 Run a poll.

00:15:02.420 30 to 90 days?

00:15:04.700 You know, 90 to 180 days?

00:15:07.780 180 days to a year?

00:15:09.400 It won't happen.

00:15:11.320 Okay?

00:15:12.060 30 to 90 days, 90 to 180.

00:15:14.840 So I'm saying a month to three months, three to six months,

00:15:17.360 six to 12 months, it won't happen.

00:15:18.980 Run a poll.

00:15:19.460 I'm curious what the audience is going to say.

00:15:21.460 Watch in the next two, three, four, five, six months.

00:15:24.840 If this passes, by the way.

00:15:26.280 Okay.

00:15:26.820 If this becomes wrong.

00:15:27.740 From the date of it passing or from today is the poll.

00:15:29.760 If this passes, from the date passes.

00:15:31.940 By the way, and remember, it's not even if it passes.

00:15:34.240 Let me change it.

00:15:34.840 I don't even think it's from the date passes.

00:15:37.120 When they started talking about the 5% wealth tax in California,

00:15:40.300 it hasn't passed yet.

00:15:41.200 It took off the forecast.

00:15:42.400 It hasn't.

00:15:42.820 They're like, no, no, no, we're out, okay?

00:15:45.140 Let me see what the poll is saying, Rob.

00:15:47.100 So, so far, 700 votes, 32%, 30 to 90.

00:15:52.260 90 to 180 was what?

00:15:53.780 So, 65% of the audience is thinking within the next 180, we're going to see that.

00:15:59.040 12% thinks it won't happen.

00:16:01.180 Those 12% live in New York City, by the way, the people that are watching.

00:16:03.900 So, that means 88%, Pat, thinks it's only six months.

00:16:07.660 Huh?

00:16:08.220 88% is six months or less.

00:16:10.320 No, 88%.

00:16:11.720 One year or less.

00:16:12.940 It's one year or less is what they think.

00:16:14.580 All right, let's get to the next story.

00:16:15.900 Mamdani here praying.

00:16:17.500 It's a dinner he's having.

00:16:18.740 Rob, if you want to play this clip of him having dinner.

00:16:21.100 Okay, and then the gentleman at the end that holds that one finger up.

00:16:23.900 Go ahead, Rob.

00:16:24.360 All right, Rob.

00:16:27.740 Want to make some of that?

00:16:30.240 It's a moment where you're asking yourself how you can reconnect to

00:16:34.500 growing up with being taught that.

00:16:39.860 yeah that's that that's the isis sign yeah he's not saying he's number one everybody

00:16:47.220 that right there is the isis sign right in your effing face that is such a spit in the face to 0.77

00:16:53.000 every single new yorker and it boggles my mind how they're not out of their minds furious at 0.95

00:16:59.280 what the hell is going on in new york it's insane bro taking over time square and doing this i'm 0.73

00:17:03.580 telling you have you guys not seen the videos of the guys like you said being interviewed and

00:17:08.740 saying we are taking over the city no in your hundred percent like we're taking over your city

00:17:13.960 what are you going to do about it what are you going to do about it bro do you understand the

00:17:18.340 suicidal empathy of the guy that was on the on the bullhorn he's on the bullhorn saying the white guy

00:17:23.280 with the glasses new york is for everybody and come here and the terrorist kid used him as a 0.56

00:17:29.660 kettlebell to throw a freaking nail bomb do you understand the the the hilarity of that situation 1.00

00:17:35.520 like how stupid you look you're you're there saying new york is welcome to everybody i just 1.00

00:17:41.040 texted you something can you show that up watch and they use him to throw a bomb over him so two 1.00

00:17:44.920 pictures i want to show you one if he can show the other bomber look at this look what sign he's

00:17:50.120 putting up look what the other guy was putting up you know who that guy is by the way yeah okay go

00:17:54.740 to the other one boom so that's that you know who else did this back in the days in france before he

00:17:58.880 went back to Iran, a guy named Khomeini. Watch this. This is Khomeini in Paris, sitting down,

00:18:05.600 doing his thing. That's Mamdani on the bottom. In your face. Bingo. In New York City. In New 1.00

00:18:13.100 York City, they're doing that. Go ahead and do something about that. That's what's going on in

00:18:17.360 America right now. So if you're somebody that's running a sales organization and you're running

00:18:22.720 a business and you want to find a way to improve your sales team results activity in better systems,

00:18:28.580 better comp better strategies better innovative campaigns and knowing who to work with who not to

00:18:33.540 work with identify what clients are better clients for you and develop that culture within your guys

00:18:38.040 we host an event once a year called the sales leadership summit and this guy in the video is

00:18:41.860 going to explain it to you every great sales team has three different types of people on its team

00:18:47.140 the finder the closer the builder every once in a while you have a trifecta that does all three let

00:18:53.160 me explain to you what this means finders are great prospectors they'll go out and find clients

00:18:57.180 no problems but they're not good at closing closers put somebody in front of me i'll close

00:19:01.500 them but i'm not good at prospecting builders if they become a client they're very good at retaining

00:19:06.580 developing relationship all of that and if you can develop trifectas that do all three your

00:19:12.540 company's doing numbers you've never seen before the last 25 years i have worked on developing

00:19:18.200 people that are trifectas if you want to learn how to develop trifectas on your sales team

00:19:23.200 One CRI host an event called the Sales Leadership Summit.

00:19:26.120 This year's going to be March 25th through the 27th at Trump Doral.

00:19:30.100 If you want to learn more about how you and your team can attend that event,

00:19:33.720 click on a link below.

00:19:34.700 One of our representatives will get a hold of you.

00:19:37.020 There you go.

00:19:37.780 Click on a link below.

00:19:38.640 Go to the QR code.

00:19:39.640 We'd love to spend a couple days with you.

00:19:41.880 And there may be possibilities afterwards of doing some stuff

00:19:44.800 that I can only announce to the people that are going there.

00:19:46.720 But if you're running an organization,

00:19:48.920 doing over a million with five salespeople, you want to improve it,

00:19:51.760 Come spend a couple of days with us.

00:19:53.160 You're going to be in a room with all performers in the sales business.

00:19:56.440 So it's everybody that's the best in their industry.

00:19:59.400 Could be insurance, could be real estate, could be AI, could be whatever.

00:20:03.240 You're networking with those guys as well, but you have to do a minimum of a million.

00:20:06.680 Fill out the information.

00:20:07.640 Somebody will get a hold of you.

00:20:08.580 If you enjoyed this video, you want to watch more videos like this, click here.

00:20:11.440 And if you want to watch the entire podcast, click here.

Valuetainment - March 14, 2026

“New York Will Lose $1 Trillion” - Mamdani’s MASSIVE Death Tax Bombshell Targets NYC's Wealthy

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