Latest / Turley Talks / Ep. 3632 PANIC in NYC as Mamdani’s SCAMS Just BLEW UP in His Face!!!

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Ep. 3632 PANIC in NYC as Mamdani’s SCAMS Just BLEW UP in His Face!!! · Turley Talks

• 0:00
  [SPEAKER_01]: The liberal globalist order is on its brink and awakening a new conservative age.
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• 0:20
  [SPEAKER_01]: Yang, it just keeps getting worse for the Democrats, something catastrophic just happened in New York City.
• 0:28
  [SPEAKER_01]: With an hour as a Democratic Socialist, Zoran Memdonis taking aim at President Trump in his victory speech, the city's economic alarm bells started ringing.
• 0:38
  [SPEAKER_01]: Business owners panic CEOs called emergency meetings and developers began mapping their exit strategies from the nation's largest city.
• 0:46
  [SPEAKER_01]: And now,
• 0:48
  [SPEAKER_01]: Mamdoni is trapped between a president who's literally threatening to arrest him and a governor who won't give him a dime.
• 0:56
  [SPEAKER_01]: This is the most spectacular political implosion in modern New York history and it's only getting started.
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• 1:26
  [SPEAKER_01]: Within hours of Mamdoni's victory speech targeting President Trump, the mayor elect found himself in the political crosshairs from not one but two directions at the same time.
• 1:40
  [SPEAKER_01]: Trump promised federal consequences even arrest if Mamdoni goes through with his attempt.
• 1:46
  [SPEAKER_01]: at interfering in ice agents enforcing the law.
• 1:50
  [SPEAKER_01]: New York Governor Kathy Hockel just quietly pulled the plug on his funding dreams and the city's business community, they're already packing moving trucks and heading south.
• 2:02
  [SPEAKER_01]: Now President Trump didn't mince words when asked about the newly elected socialist mayor who vowed to defy federal immigration enforcement several weeks back, Trump said it explicitly.
• 2:15
  [SPEAKER_01]: that they would indeed arrest Mamdoni if he tried to interfere in federal law enforcement.
• 2:20
  [SPEAKER_01]: And after Mamdoni stood on stage during his victory speech, fist clenched and delivered a direct message to Trump promising to obstruct federal immigration enforcement and protect criminal illegal aliens from ISD deportation.
• 2:34
  [SPEAKER_01]: The response from the Trump administration was swift and it was devastating.
• 2:40
  [SPEAKER_00]: Well, Pam Bondi and Department of Justice really stepped up.
• 2:43
  [SPEAKER_00]: I looked at the number of, it's eight, a title 18, nice days, cold, 11, 11, that's impeding an infernal, nice law enforcement officers, just federal law enforcement officers.
• 2:53
  [SPEAKER_00]: And we're at historic level prosecutions.
• 2:55
  [SPEAKER_00]: We're going to continue prosecute.
• 2:57
  [SPEAKER_00]: So my mdani needs to take a,
• 3:00
  [SPEAKER_00]: take a look at what happened in Chicago.
• 3:02
  [SPEAKER_00]: Mayor Giants is pushing back.
• 3:03
  [SPEAKER_00]: He's not helping the guess well.
• 3:05
  [SPEAKER_00]: We're about thousands of people in Chicago every week.
• 3:07
  [SPEAKER_00]: We're going to rest people there tonight.
• 3:09
  [SPEAKER_00]: We're going to rest people there tomorrow.
• 3:11
  [SPEAKER_00]: All these mayors who don't want their community safer, they can scream in your own protests all they want.
• 3:17
  [SPEAKER_00]: We're going to be other to more than the next thing.
• 3:19
  [SPEAKER_00]: Like I said, months ago in Sanctuary City, like Chicago and New York, we will flood the zone.
• 3:25
  [SPEAKER_00]: The more ages we heard, we're heard, 10,000 new officers, they'll be flooding the zone in Sanctuary City's why?
• 3:31
  [SPEAKER_00]: Because we know we have a problem in Sanctuary City's.
• 3:34
  [SPEAKER_00]: We know the release in public safety threats from the Gails every day back in the community.
• 3:39
  [SPEAKER_00]: If you were smart,
• 3:40
  [SPEAKER_00]: He led us in the right for the island, so we can arrest the bad guy in the safety security of a jail rather than him releasing people to the street to reoffend against his citizens of the city.
• 3:51
  [SPEAKER_00]: So we're going to make New York safer again, we're going without him.
• 3:54
  [SPEAKER_00]: We were like his partnership with one stand by and let us do a job for him.
• 3:57
  [SPEAKER_00]: That's what we're going to do.
• 4:00
  [SPEAKER_00]: We're going to make New York City safer, President Trump made that promise, and we're keeping that promise.
• 4:05
  [SPEAKER_00]: Every criminal aim we take across the street is Chicago, Los Angeles, New York.
• 4:09
  [SPEAKER_00]: make those neighborhoods safer.
• 4:11
  [SPEAKER_00]: So you'll become President Trump up and thanking him for making his neighborhood safer.
• 4:16
  [SPEAKER_01]: And not only is President Trump threatening to rest-man Donnie, he's revealed he's already investigating and whether he's here in this country legally or not, and Trump has already demonstrated he means business.
• 4:28
  [SPEAKER_01]: Since the beginning of that disastrous government shutdown back on,
• 4:33
  [SPEAKER_01]: October 1st, this Schumer shut down, which of course they just embarrassingly and colossally lost, Trump has withdrawn $18 billion, earmarked for major New York infrastructure projects.
• 4:46
  [SPEAKER_01]: And that was just the opening salvo.
• 4:49
  [SPEAKER_01]: Now, it's not just Trump.
• 4:52
  [SPEAKER_01]: Mamedani appears to be busy blowing himself up just by his own mathematical and economic illiteracy.
• 4:59
  [SPEAKER_01]: He appears to fundamentally miss understand how tax brackets work.
• 5:05
  [SPEAKER_01]: I don't know if you heard about this, but during his campaign, Mamedani promised a modest, this is what he called it, a modest $20,000 tax increase on millionaires.
• 5:17
  [SPEAKER_01]: Now, we told voters that anyone making a million dollars per year would pay an extra $20,000 under his 2% millionaire tax, okay?
• 5:29
  [SPEAKER_01]: It sounds reasonable, right?
• 5:31
  [SPEAKER_01]: There's just one problem.
• 5:32
  [SPEAKER_01]: That's not how marginal tax rates work.
• 5:36
  [SPEAKER_01]: New York City uses a marginal tax bracket system with four current brackets.
• 5:41
  [SPEAKER_01]: So your income is divided into segments with each segment tax progressively higher rate.
• 5:48
  [SPEAKER_01]: So 3% 3.7% 3.8% finally 3.9% on every dollar you earn above 50,000.
• 5:58
  [SPEAKER_01]: Mamedani's plan would add a fifth bracket.
• 6:02
  [SPEAKER_01]: at 6% so he would go up two more percentage points for every dollar earned above one million.
• 6:11
  [SPEAKER_01]: Here's the brutal reality.
• 6:14
  [SPEAKER_01]: Someone making exactly one million dollars would not be paying an extra 20,000.
• 6:20
  [SPEAKER_01]: They would be paying an extra six cents.
• 6:27
  [SPEAKER_01]: That's right, six pennies.
• 6:30
  [SPEAKER_01]: The 20,000 figure only works if you incorrectly apply the 2% tax hike to the entire $1 million income.
• 6:40
  [SPEAKER_01]: But these are marginal tax rates.
• 6:41
  [SPEAKER_01]: They don't apply to the entire income.
• 6:43
  [SPEAKER_01]: Only the income that one makes above a million.
• 6:47
  [SPEAKER_01]: They only apply to every dollar one makes above a million dollars.
• 6:51
  [SPEAKER_01]: Marginal tax rates apply only to the income above the threshold.
• 6:57
  [SPEAKER_01]: So he fundamentally misunderstood accounting.
• 7:02
  [SPEAKER_01]: And that's even being gracious.
• 7:04
  [SPEAKER_01]: This isn't a minor accounting error.
• 7:07
  [SPEAKER_01]: It's a fundamental misunderstanding at the tax system he's proposing to overhaul.
• 7:15
  [SPEAKER_01]: Lesson be learned, this is why you do not put a trust fund liberal who major in African studies and who never had a real job in charge of the economy of the nation's largest city.
• 7:28
  [SPEAKER_01]: I mean, I don't even know how else to say it.
• 7:30
  [SPEAKER_01]: If the mayor elect can't do basic tax math, how on earth can New Yorkers trust them to manage a hundred and ten billion dollar city budget?
• 7:40
  [SPEAKER_01]: And it gets worse while Trump threatens from DC, New York Governor Kathy Hockel, just drop what is perhaps the biggest bombshell of them all.
• 7:53
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• 8:44
  [SPEAKER_01]: New York Governor Kathy Hockel is quietly strangling Mamdoni's agenda from Albany.
• 8:50
  [SPEAKER_01]: And here's the devastating twist.
• 8:53
  [SPEAKER_01]: She endorsed him, right?
• 8:54
  [SPEAKER_01]: A hoaxle publicly back, Mamdoni, over former Governor Andrew Cuomo, back in September, riding the wave of his popularity.
• 9:00
  [SPEAKER_01]: But now that he's actually won, she systematically dismantling every promise he made to voters.
• 9:08
  [SPEAKER_01]: She's already said that his whole promise to eliminate bus fares and make public transportation free as DOA, it's just, it's not happening.
• 9:15
  [SPEAKER_01]: The independent budget office estimates that fair free buses would cost New York nearly $700 million annually.
• 9:25
  [SPEAKER_01]: The MTA already lost $315 million to bus fare evasion in 2022 alone, and Hockel was already invested in $68.4 billion
• 9:46
  [SPEAKER_01]: Mamedani can't raise taxes without her.
• 9:50
  [SPEAKER_01]: Under New York State law, an article 16 of the State Constitution, only the state legislature holds the power to tax.
• 10:00
  [SPEAKER_01]: The city cannot create new taxes or change existing rate without approval from the legislature and governor and opening.
• 10:08
  [SPEAKER_01]: and whole goal is facing her own reelection battle literally 12 months from now in 2026 against Republican representative of the least definite and she's repeatedly stated she's not going to raise taxes certainly not an election year.
• 10:25
  [SPEAKER_01]: She can't without hurting her chances at reelection.
• 10:29
  [SPEAKER_01]: And so now, if Mamedani can't raise taxes, he shot every promise he made from free buses to Universal Child Care from City Run grocery stores to rent freezes is all dead on arrival.
• 10:46
  [SPEAKER_01]: Mamedani's entire platform hinges on massive tax increases that will never happen.
• 10:52
  [SPEAKER_01]: his team estimates that universal child care alone would cost between five billion and eight billion dollars annually.
• 11:01
  [SPEAKER_01]: Add fair free bosses at seven hundred million rent freezes, city owned grocery stores, and you're looking at over ten billion dollars in new annual spending.
• 11:12
  [SPEAKER_01]: And his only funding plan is a two percent income tax on millionaires, which he completely
• 11:20
  [SPEAKER_01]: raising the corporate tax rate from 7.25 percent to 11.5 percent, which is already causing business owners investors to leave the city.
• 11:31
  [SPEAKER_01]: Remember, capital is mobile, capital moves.
• 11:35
  [SPEAKER_01]: So when companies face unprofitability through taxation, what do they do?
• 11:39
  [SPEAKER_01]: They leave.
• 11:41
  [SPEAKER_01]: And when they do, they take everything direct tax payments, jobs, income taxes, as sales taxes from employees, property taxes, and now they leave you with what, empty buildings.
• 11:56
  [SPEAKER_01]: We've already seen this mass exodus began at Florida real estate prices are through the roof, they're estimating $100 million of real estate investment influx just in the last week.
• 12:08
  [SPEAKER_01]: And it's not just Florida, we're getting word that new hamper is getting tons of interest from business owners and residents who just want to escape the insane taxes in New York but stay in the Northeast.
• 12:20
  [SPEAKER_01]: So, I mean, it's just, again, you couldn't script this better.
• 12:25
  [SPEAKER_01]: Mam Donnie now faces an impossible situation.
• 12:29
  [SPEAKER_01]: He's getting threatened from DC.
• 12:31
  [SPEAKER_01]: He's getting threatened from Albany with Huckle refusing to approve the tax increases, leaving him with zero revenue and zero promises fulfilled.
• 12:40
  [SPEAKER_01]: And he's getting threatened from Wall Street with business leaders fleeing capital evacuating a one association estimating $8.7 billion already being redirected as we speak to Florida.
• 12:53
  [SPEAKER_01]: Actually, it's three states Florida, Texas and Tennessee.
• 12:57
  [SPEAKER_01]: The tragedy unfolding in New York is what happens when revolutionary rhetoric meets basic arithmetic.
• 13:10
  [SPEAKER_01]: You can't run free bosses when the system loses $700 million annual, and you can't build socialism when your governor won't give you the money, and the president is threatening to arrest you.
• 13:24
  [SPEAKER_01]: While red states are booming in President Trump's golden age, New York stands as the cautionary tale.
• 13:32
  [SPEAKER_01]: Proof that when you elect ideology over competence, fantasy, over math, and rhetoric of reality, you get exactly what you voted for.
• 13:45
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