Rent Control and the Zohran Mamdani Experiment

Todd unpacks the rising fascination with democratic socialism and what it means for everyday Americans as New York City prepares for a Zohran Mamdani administration. From rent freezes and city-run grocery stores to free childcare and a $30 minimum wage push, Todd explains why price controls and top-down planning sound compassionate but break down in the real world. He walks through historical examples—from 1940s rent caps to the 1970s gas lines—to show how shortages, disinvestment, and lower quality follow government mandates. Plus, a quick note on the Senate filibuster chatter and why “there’s no problem too big for government” is a dangerous creed. Conservative, not bitter—tune in and decide for yourself.

Episode Transcript

Speaker 1 (00:00):
Attention. You're listening to the Todd Huff Show, America's Home, Poor,
Conservative not bitter talk and education be advised. The content
of this program has been talking about it too, prevents
and even cure liberalism, and listening may cause you to
lean to the right. And now coming to you from

(00:29):
the full suite Wealth Studios, here is your conservative but
not bitter host Todd Huff.

Speaker 2 (00:36):
Well, my friends here in a few short months, the
Democratic Socialists, as they say, which is insane the way
that people think about this stuff, but they're not going
to have any more excuses. Their ideology is going to
be in power in the City of New York when
Zorn mom Donnie takes office. By the way, it's not

(00:59):
just Zoran mom Donnie who has been a Democratic Socialist
backed candidate. There's actually six of them that one nationwide.
I don't have all the names, but I do see
Miranda Schubert, she was elected to the Tucson City Council
and Ward six, a candidate was elected to the Missoula,

(01:23):
Montana City Council. There's others as well. So we're gonna see,
We're gonna see what happens. And hear me say this,
I said this yesterday. There is a zero percent chance. Zero.
I'm not even saying zero point one percent. And I'm
a guy who thinks in probabilities. I'm a guy who

(01:44):
always sees things that are well, things that are possible, unless,
of course, they're just humanly impossible. And that's the problem here.
This ideology is humanly impossible to work. And we're gonna
unpack this today. We're going to talk about some of
the things that they want to do. Is democratic so
called democratic socialists, which again basically just means if you

(02:06):
can get half the country or half the city in
the case of New York, to vote to take away
the property and rights of another person, I guess you're good.
I guess that's how that's supposed to work. This, by
the way, also illustrates and demonstrates the problems of something
that's strictly democratic. That's why our founders were brilliant when

(02:26):
they decided that they were going to have a constitutional
republic that had protections built in, that had the smallest
minority in mind when they wrote the Bill of Rights
and put that into the US Constitution. Is that even if,
even if, even if everyone else says that you don't

(02:47):
have one of these rights. You do right, the right
to free speech, the right to keep the bare arms,
whatever the case may be. Thankfully, our founders had the
foresight and the insight to realize what is happening today
is exact exactly the sort of thing that happens in
nations throughout history, and of course history repeats itself as
always all right, So that's where we're headed today. I

(03:09):
want to talk about these democratic socialists. I want to
talk specifically about Zoron mom Donnie's mayoral platform, talk about
some of the things he's promised, talk about the delusional
worldview that is necessary for people to well, to flock
to to this sort of thing. We're also going to

(03:30):
look at some price controls, because one of the things
that Zoron Mom Donnie wants to do is have rent
control prices on excuse me, controls on rerint prices, capping
them and so forth. People love this. It sounds good.
It sounds like, hey, someone cares about me. They're going
to make things more affordable. It's crazy to me what

(03:51):
people think government can do, because historically there have been
a whole lot, a whole lot of unintended consequences if
you look at it, if you take people at the
word unintended consequences, if you decide to take the more
skeptical approach, you might say that they're completely intended consequences

(04:11):
to acquire more power for those in charge and so forth. Anyway,
we'll get into those things as well, and time permitting,
we'll talk a little bit about the filibuster and the Senate.
Trump's out there calling for the end of it so
that the government can reopen. Senator John Thune I did
the Todd Talk on this, so I'm probably not going
to get to this. If you just want to check

(04:32):
out the Todd Talk on the website, or you can
always get the Todd Talk when you subscribe to our
free email newsletter called The Inner Circle Toddefshow dot com.
You can sign up there to get that. All right,
my friends, that is where we're headed. But let's be
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(05:44):
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(06:07):
sweetwealth dot com. Build your legacy, secure your future. All Right,
having a little problem with the voice today, I think
will be okay. But this is this time of year.
Just if you've listened to the program, I struggle this
time of year. I found out I found a little
trick that helped me the first time. This hit me.

(06:28):
This year, I'm want to see if it'll help me again.
We'll see. I'm not bad, but there's been times my
voice has been absolutely horrific on this program, and that's
a problem. We're gonna try to avoid that for your
sake and for mine. But let's get to this just
really quickly. Democratic Socialists of America they won six elections. Now,

(06:51):
these are candidates that were endorsed by Democratic Socialists of America.
Of course, I mentioned Zoran mom Donnie. I mentioned the
name Miranda Schubert elected to Tucson City Council Ward six.
I mentioned another individual who was elected to the Missoula,
Montana City Council and national coverage news out there reports

(07:16):
are that at least six Democratic Socialists of America endorsed
candidates have secured offices across this great nation. Now that's
six more than ever should secure an office. These people
have wild ideas. They have antiquated ideas that have well

(07:38):
have been dismantled, have not worked, have caused tremendous havoc
on people around the planet who have been subjected to
political leaders who enforce these ideas. So, but they're winning offices,
they're winning elections, and that's not many I understand six
out of everything that's going on in this country. But

(07:59):
I do know this, I do know this that this
is not the direction. Even to have one of these
lunatics winning the office. Whatever they run for dog catcher
for that matter, it makes no difference to me. They
should not The people electing them should have the sense
not to vote for these lunatics and clowns. And we'll

(08:20):
kind of get a better understanding of that as I
break down zoron Mom Donnie's platform. So Donnie's platform includes
these things, and I'm going to I'll list them first
and then we'll go through them. Number One, housing and rent.
That's one of the issues that we'll talk about, the

(08:41):
cost of living, that's in their revenue and taxation for
of course, the City of New York, transportation and climate,
of course, social and immigration policy. Those are the things
I want to talk about. I want to start by
talking about rent, housing and rent. So Zoran Mom Donnie

(09:06):
wants to freeze rents on rent stabilized apartments. Now, I
live out here in Flyover Country. I'm in the heartland
I'm out here in a little bit of I mean,
small town USA, right, and it's different. Obviously. I've been

(09:26):
to New York City once and I was just there
for the day. But even seeing it once you get
a little bit of a glimpse into. First of all,
it's a spectacular city. It is. I have to tell you,
there's a couple places I was unsure that I would
like traveling to. One of those was Las Vegas. Another

(09:46):
of those was New York City, and I have to
tell you that I liked but both of them have
things to offer. Now, of course you go to Vegas.
I'm not saying the what's what is it? What happens
in Vegas stays in Vegas. That's not I'm not endorsing
that garbage. What I am saying is that there was

(10:08):
a lot more there. I was a lot more impressed
with that. I'm not a gambler. Just it's the buildings
are incredible. It's just it's just kind of a neat place. Obviously,
you could get into a ton of trouble. There's a
lot of bad things that happened there. But you can
go see shows and you know, just take in some
of the scenery. It's not far from the Grand Canyon
and other national parks. And Buddy and I once went

(10:30):
to Vegas and spent a day going to Death Death
Valley National Park, which is a couple hours away as well.
So there's things there that are interesting and that you
can do. And Hoover Dam's not far from there. New
York City, New York City is you know. I had
no idea what I was getting myself into when I

(10:51):
went there. Again, just a guy that was raised in
small town USA. I had flown into d C for
some event that I'm trying to remember who the event
was with. I'm drawing a blank on the name. But anyway,
this was years ago. This was back maybe before Trump

(11:11):
won the Maybe it was twenty sixteen, I'm not sure.
Maybe it was either twenty sixteen or twenty you know, eighteen,
something like that. But I remember I took the train,
so I flew into DCA Reagan National Airport. I took
the Amtrak train from DC to New York City and
then I flew out of LaGuardia back to home base

(11:33):
here in Indianapolis. And I remember, I will never forget
it was. It was dark, it was nighttime when I
first came into the city on the train, and I
remember I was in New Jersey. By the way, that
train moves at an incredible clip. It was going one
hundred and some one hundred I want to saye hundred

(11:53):
and twenty miles an hour anyway. But I was looking
out the window and suddenly I saw Freedom Tower. And
I have to tell you that upon seeing that, I
just I wasn't ready. I didn't know I would even
be able to see it from, you know, the way
I was traveling in. But it hit me like a
ton of bricks, and immediately I teared up because of

(12:14):
course what happened there on nine to eleven. I was
many miles away, on the other side of the river anyway,
but it was a tremendous It's a tremendous place to
be and you get a glimpse, you know. I try
to I try to relate to people, right. I remember
when I was in college, I had a friend who

(12:35):
was from Compton. He actually came came and visited with
me over spring break. He had never been to a
place like where I live, especially when you get out
into the more rural parts of the community. And I
remember him asking me, Todd, where are all the lights?
And I said, well, there's one over there. You could
see a dusted on light, you know, some security light

(12:55):
on the horizon in the distance, but it's very dark.
And you know, it didn't hit me until I visited
him years later in his hometown when he and his
wife were getting married. Oz and I attended that, and
I remember being there and realizing he didn't ever really

(13:15):
see darkness like I did in the country because the
city was constantly glowing. You couldn't see the stars. Now
there's places that you can see the stars much better
than here, but the way that we can see them
here versus the way he could see them, there was
nothing close to the same thing. And just by having

(13:36):
those those experiences begin to highlight just some of the
differences they Sometimes these differences might seem insignificant, but you
begin to pile them up, and you begin to think
about New York City and just trying to find trying
to find space, trying to find a place to have
some quiet, trying to find some place outside of Central

(14:00):
Park where you can see some greenery. Oz just went
here a few weeks ago with our sister in law,
and I mean it's it's just seeing it helps you
understand just a glimpse into some of the thinking. And
I know, listen, the founders knew this too. The more,

(14:20):
when you have big cities, you typically have people that
are looking to the government for more and more things
because they have more and more interactions with people, and
they typically it's one of the reasons why they vote Bluer,
because they think, I want someone that's going to do more,
you know, promise more. And of course Democrats are all
about promising everything in the world. In fact, Zoran mom

(14:44):
Donnie as I played yesterday, said that there's no problem
too big for government or no concern too small for
it to care about, which is wild and wacky stuff
to a guy like me. You know, you get out
into rural communities, you get out into to fly over country,
you get out into the Midwest and other parts of

(15:04):
the country where we spend our efforts figuring trying to
figure out how to take care of ourselves. And it's again,
I'm not I'm really not trying to be critical here.
I'm just simply pointing out the differences. But you go
to New York City or these big cities where you know,
you're you're just one of many. It feels like you're
you're inundated, You don't have your own space. You you

(15:27):
rely on people for a lot more than say a
farmer in my community does. Who if he has a
piece of equipment goes down, he'll try to fix it,
oftentimes successfully fix it himself. And it's just an interesting
that the mindset there is so different, just you know,

(15:49):
because of realities, because of expectations, because of the sheer
number of people that are there. They they want more rules,
and of course the Democrats will comply with that all day,
because there's nothing they love more, especially these so called
democratic socialists, than rules and promises. And you build upon that,

(16:11):
and you start with that, and you've got these leftist
liberals running around on college campuses or who have graduated
from some of these leftist universities, who have studied this right,
and they think, oh, they're the only thing stopping these
programs from working. Are, of course, some conservative policy or
some budget cut. If only the conservatives would get out

(16:34):
of our way, we could solve everybody's problems. Or on mom,
Donnie's out there saying basically that very thing. And so
you've got this scenario they've dealt with. New York City
has dealt with some Democrat mayors who haven't gotten the
job done. And so instead of turning to someone with
a different ideology, they say, let's let's find someone who's

(16:56):
even willing to turn it up more and become more
of a central planner than we had with the previous administration.
I mean, it's crazy to think that many Conservatives, many
Republicans were rooting for Andrew Cuomo to win the race,
given Andrew Cuomo's record as well, but at least he's

(17:18):
not a radical, unhinged socialist. This is going to cause havoc.
This is going to cause real, real problems in many,
many ways for the citizens of New York City, for
those who stay. In fact, many people are not going
to put up with this, and I don't blame them,
but let's go through these. Let's go through these specifically
housing in rent, so freezing rent on rent, stabilized apartment

(17:41):
so imagine. And this is kind of you know, I
know many of you have been to New York City,
maybe some of you have not. Like I said, I've
only been there once. But if you fly over the city,
I remember leaving the city. I had some remarkable pictures
as we departed from LaGuardia, and it's just amazing. In
Central Park, you have a really hard time seeing any

(18:03):
greenery on the ground. This is if you're familiar with
the song New York Concrete Jungle, right, concrete jungle where
dreams are made of I guess. But there's tons of people,
tons of opportunity, tons of energy. But it's it's all
just kind of right there, right there. There's it's hard

(18:26):
to build in new areas. I mean, you've got to
go outside of the city. You got to go far
outside of the city to find land that hasn't been developed,
and it's hard. It's how do you build more housing?
What does the city do? And so there's a problem
with affordability. But what's interesting is the problems that we

(18:49):
have with affordability are based on a couple of things.
We still haven't recovered from what we have endured since
COVID under Biden. We haven't We have not recovered from that.
By the way, Trump has stopped well, Trump has slowed
the inflation significantly. This is a fact. By the way
the Republicans since taking over, inflation has dramatically decreased. It's

(19:16):
still a little high. It's still about three percent. We
should be aiming for a little bit lower. Of course,
that I don't want to get into the whole discussion
of inflation. Inflation. I will say this though, Inflation today
means in a common sense that I guess, in a
just in the common vernacular, that prices are going up.
But inflation is a specific reason that prices go up.

(19:41):
Inflation means that prices are going up because the government
is producing too much money, which makes your dollars that
you currently have worth less, not completely worthless, although we
had in that direction when Biden's in office, but it
makes it worth less, not worthless, and so it waters

(20:03):
it down, so your your dollar actually has less buying power,
it's not. And so price is increased, not because you
know the supplying demand issue, or you know that there's
there's a problem in a particular industry or whatever. This
is across the board. Everything gets more expensive because the

(20:23):
dollars that we're buying with are not as powerful, so
you need more of them. And so this is a
phenomenon created when the government, the federal government specifically, I've
gone through this. You can look at Milton Friedman explain this.
Maybe I'll put a link of that on the site
today too. But Milton Friedman who explains inflation is caused
solely by the federal government. It's not caused by other countries.

(20:47):
It's not caused by state governments. It's not caused by
trade unions, it's not caused by greedy business owners. It's
caused by the federal government because they produce too much currency,
too much currency. More currency has been created than real
value has been created in the economy, and so the

(21:07):
dollar just represents the real value that has been created.
But if you say a billion dollars, I'm just picking
random numbers for the sake of explanation. If you produce
a billion dollars of real value, but you produce one
point five billion dollars or one point two billion dollars
in cash or in currency, then you can see that

(21:31):
things quickly get out of whack. Markets will seek an equilibrium,
these things will find themselves out. But there are other
reasons besides inflation that things go up, and oftentimes they
go up because of these very people who promise us
to be doing good things on our behalf for the economy.
They're going to make things more affordable by interfering with

(21:53):
the free market, taking money out of the free market
in the form of taxation, and saying somehow that that's good,
somehow that's good for the overall economy and affordability. But
the truth is, the more that governments mess with this stuff,
the less it actually ever works. It never works. Actually,
that's why I said there's a zero percent chance of

(22:16):
this working. But I've got to take a break here
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(22:58):
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Tradition and transparency, my friends. All right, So price controls
have been done before in this country, and they've never
ended well, they've never ended well. Now I understand, I

(24:36):
understand at the most superficial level possible, that it sounds
good to hear a politician say I'm going to make
things more affordable for you. You could say Trump, I mean
Trump said these things, right, So there's a difference. There
is a difference between the state of objective. Well, not
so much between the state of objectives, but the means

(24:58):
by which we get there. So if the government just
says to you, if a politician just says to you,
I'm going to just limit how much someone can charge
you for something, that sounds great, especially again if it's
something like fuel, gasoline, fuel, groceries, these staples, these things
that we have to have housing. The problem is that

(25:21):
that's not the way that it works. I've often said
when talking about these things, it just it's incredible to
me how naive people are, how much they really believe
government can truly do you know, government is made up
of people like you and me. It's made up of
regular people. Fact, it's made up of people who are

(25:42):
living in an environment where they don't have any competition,
so there's no external force that is forcing them or
causing them to be better at what they do. In fact,
there's actually built in if they don't do what they
say they could do in many cases, because they'll blame

(26:05):
somebody else. They'll say, I don't have enough money to
do what I needed to do, I just need more time.
Vote for me again. And this works for people, It
really does. It is an unbelievable thing to me. I've
shared the anecdote before. I remember reading this years ago.
I've not been able to find this online, but I
remember talking about this. I don't know if it was
in a class, if it was just in my own research,

(26:26):
but I remember hearing the story of people in the
gulags in the Soviet Union back when Joseph Stalin was
the dictator of the Soviet Union, and these people were
put in the gulogs. Ultimately because of the will of
Joseph Stalin. He put those people there, but these people
would still sing his praises in many instances as they

(26:49):
were locked in these gulogs because of the promises and
the words that they heard this guy speak, and since
he said things that sounded good, they couldn't in their
mind reconcile the idea that he put us here. Yet
he says other things. He says things that sound so
utopian and wonderful, but yet he did things that led

(27:13):
to the imprisonment, the torture, and the death of millions
of people. Millions. If you've over twenty million people died,
if you factor in those who were imprisoned, tortured, put
into work camps, and all that sort of thing, I mean,
it is millions and millions and millions of people. And
some of these people would still sing his praises. Why

(27:36):
it's it's you know, this is what some people struggle with.
They can't see the difference between what people say and
what they do. I've heard people say, I look. When
I was a kid, I remember reading a book of quotes,
and one of the quotes said, what you do speak
so loudly, I can't hear what you're saying. That's a

(27:57):
much better approach to deal with these sorts of people,
to deal with politicians. I don't care about your promises
on the campaign trail. I care about what can be
done what you can do, and you can't do these things,
and so he's promising to control rent. But it sounds
so great. These Democrats who have voted for this guy
love this idea because the city's expensive. But why is

(28:19):
it expensive. It's expensive for many reasons. One is the
incredible inflation we had dating back to the days of
well the COVID years and of course the subsequent recovery
what our government did, and we're still paying the price
for that today. It's been slowed tremendously by Trump. But

(28:44):
just because the rate has been slowed, it doesn't mean
that we recovered what we lost in the form of
inflation when it was hitting us the hardest back three
four years ago. So that's a part of it. There's
a limit, there's a limit of where do you put
these the new housing. It's hard to get new housing.

(29:05):
It's hard to get new developments, at least in the
heart of that city, and so it gets tricky for people.
Supplying demand plays a real thing. You got a factor
in the cost, and all the regulations and all the
red tape in New York City leads to tremendous increases
in costs as well. So Mam Donnie says, I'm just

(29:25):
going to come in and wave my magic wand and
say rents are going to be controlled. Well, what's going
to happen. Let's look historically at what's happened nineteen forty
two here in this country under the Office of Price Administration.
That was actually a thing back in the forties, back
in the days following the Great Depression, the early days

(29:47):
of World War Two, this Office of Price Administration maintained
low rents in the short term because they capped them,
they put a limit on it. But this led to
housing shortages and reduced maintenance. Now, why why does it
do that? It's obvious, It's obvious for people who think
about these things, and kind of a sequential, step by
step thing. The government comes in and says, you can't

(30:09):
charge more for someone to rent your space, and so
if you're a tenant or excuse me, a landlord, you're
going to say, Okay, I have to make money or
I can't. I can't have the building, I can't have
the apartment, the house, whatever it is that I'm renting.
And so I either have to reduce the services, the repairs,

(30:30):
the maintenance that I do, or people that are investors
are going to stop buying these homes, stop building new
developments when that's of course possible and there's not space
limitations and that sort of thing. So you have less
new housing on the market for renters, and it leads

(30:51):
to a shortage. This is an obvious consequence. Of course,
your rents will come down, but the quality of the
rental will decrease, and ultimately there will be fewer rentals, which,
of course, in a market driven economy, should cause prices
to go up even more. It puts more strain on

(31:11):
the landlords. Of course, the government will try to put
more requirements on the landlords, and this will this can't
end well, you can't argue with math. I mean you can,
I guess, but it's an effort in futility. So that's
what happens the New York City example, long term decline

(31:34):
and available rinting rental housing and disinvestment in older buildings.
I mean, that's what happens. That's where this is headed.
This is of all the things that we would predict
on this show, this is perhaps the easiest the likelihood.
If he goes through with this and there's nothing that
stops him from these rent controls. This is absolutely where
this will end up. It can go no other place.

(31:56):
It can go no other place. In the nineteen seventies,
there were gas and energy controls. There were federal caps
on oil and gas prices under both President Nixon and
President Jimmy Carter. This of course led to fuel shortages.
If you were alive in those days and were old
enough to remember, you remember gas lines. You might remember

(32:19):
a time in American history where you could only go
to the pumps. I forget exactly how this was. A
if your last name ended with an A, a letter
between A and M and the alphabet, you could go
to the gas station, say Monday, Wednesday, Friday, if it
ended in an inn through Z. I'm just it's something

(32:39):
very close to that. You could go Tuesday, Thursday, and Saturday,
and it was closed on Sunday. This was how they
were rationing fueled. There were fuel lines. I mean this,
imagine if you were traveling. What if you were traveling
across the country you had to pull over to get gasoline.
I can't get it today. I gotta wait until Tomorrow's wild,
wild stuff. But that's what happened. Now, what ultimately happened

(33:03):
how did those end? Well? Reagan came along, lifted lifted
the controls in nineteen eighty one, and that ended the rationing.
That ended the shortages. Supplying demand then leveled out and
we got out of that mess. There's more as well.

(33:24):
Food and consumer goods were rationed or I guess controlled
pricing in the seventies. The one I really want to
talk about, I'm going to have to wait until after
the break. Wage and healthcare controls in the nineteen forties
and seventies have changed the way that our compensation is

(33:45):
with employers. Get to those things after the break, my friends.
But these things never worked. They always have unintended consequences,
and it always reatavoc on the people it promises to help.
Quick time out here on my end, back in it
just a minute. Welcome back, my friends. Third and final

(34:06):
segment of this episode of The tod huff Show. I
know it's tough. We'll be back again tomorrow on Friday.
But if you miss any episode, you can always catch
up with those on our website, tot huff show dot com.
It's a good place to go. Subscribe to the newsletter
for free as well if you want more content. Who
of course would not. I don't know who that person is.

(34:27):
But before the break, I was telling you about one
other thing that happened. Back in the post World War
two days, wage controls were issued in the United States
of America. And what happened is this is when you
had the beginnings of employers begin offering other benefits to

(34:53):
workers because they couldn't pay them any more money. They
couldn't pay them higher wages, and so they started off
offering insurance benefits. Which now, of course you look at
what you just look at what happened to health insurance.
I mean, that's a whole that's its own discussion that
could go on for hours and hours. But there's consequences.

(35:15):
There's you know, the free market people always look for
a way around the limitation. They always do, and if
there isn't a way around, then there are consequences. And
if you control rent, you're going to limit the new development. Now, Mom,
Donnie says, look outs pay for more, We'll just invest
in more. But the reality is the reality is there

(35:38):
will be less new investment, which will be less housing,
which will lead ultimately once price controls are inevitably lifted,
because it's going to wreak havoc on the city. Prices
are going to go up even more. This is what happens.
But you know, the low information voter either doesn't want
to believe this, doesn't understand this, too busy lecturing people

(36:03):
on this side of the aisle about things too angry
to see it. Just believe the rhetoric, whatever the case
may be. And so they're headed down this path. New
York City is going to suffer tremendously, my friends. And
by the way, anybody who elects these folks who have
the slightest bit of authority or power are going to
deal with some tremendous consequences. More things in mom Donnie's

(36:27):
platform that he's promised the citizens of New York City
that I'll get to here in the time we have
remaining and just a moment. But friends, our investments are
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(36:53):
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(37:15):
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(37:36):
don't have to. All right, a couple of other things
in the couple minutes I have remaining regarding the promises
made by Zoran mom Donnie to his voters in the
city of New York, well to all people, of course.
He promises free childcare for children between the ages of
six weeks and five years old, free childcare for children

(38:01):
six weeks to five years. He promises city run grocery stores.
That's one city run grocery store per burrow. There's five
burrows in New York City. He promises to eliminate bus fares.
In fact, I think it's what it was, a free
and fast bus service or some such thing is what
he's promised. He's promised to raise. Buckle up for this.

(38:25):
Raise the minimum wage, which I believe right now, I
think I read in New York City is sixteen dollars
an hour. Can you check that real quick? Oz minimum
wage in New York City. I think it's sixteen dollars
an hour. He's effectively going to double that, not quite,
but basically double that by twenty thirty. That's just a
little over four years away. We're at the end of

(38:46):
twenty twenty five. He's going to raise it, he says,
to thirty dollars an hour three zero sixteen fifty. I
was off by fifty cents, so not quite doubling it,
but very close to doubling it. You know, I just think,
why don't they promise to well, I guess I say this.

(39:07):
Biden promised to end Remember Brian Biden promised he was
going to end cancer in his first term. Didn't happen.
I think it's sick to do this. You give people
hope who still believe, you know, in government, who still
trust politicians for reasons I can't fully understand, fully explain.
I think a lot of times, if you're desperate you're

(39:28):
hoping that, you know, against all odds, that something will
help solve your problem, whatever it is that you're dealing with.
But these things are just ridiculous. The idea that this
is not going to have an impact on the city
is crazy. Not only that two percent income tax on
earnings above a million dollars, he wants to raise the

(39:48):
corporate tax rate to fund these new programs. Again, they've
never met a tax they didn't like. He wants to
invest in green schools, of course. He wants to expand
public transit, bike infrastructure, of course, to save the planet
from evil conservatives and people who drive SUVs. And he
wants to have legal representation for well illegal aliens. Basically,

(40:12):
he wants to make New York City, you know, I guess,
a stronger sanctuary city that we got wild times out there,
my friends, wild times. These are expensive. I don't know
why they just don't say we're going to outlaw death
and suffering. And there are people that would say that
sounds great. Why haven't we tried this before? Why didn't

(40:32):
we put that on a piece of paper, We're going
to outlaw death, as though that's going to somehow solve
the problem But for some people, my friends, they believe
this stuff. It is wild to me. This is not
gonna work. It's going to be massively expensive, but I've
got to run SDG.