Eddie Fatoush

NYC Commercial Real Estate, Politics, Old School Hip Hop, Life, and more...

[Libs of TikTok @libsoftiktok]

Lmao AOC just unveiled a new accent in Tennessee

[Jack Mac @JackMac]

I have texted all my coworkers who voted for Zohran to send me a photo of their A/C set to 78.

[Eddie Fatoush @EddieFatoush]

Stick up kids is out to tax

[Bloomberg @business]

New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million https://t.co/abfEoJ6utb

[Libs of TikTok @libsoftiktok]

Meet Zul Mohamed. He pleaded guily to 106 felony voter fraud charges for forging mail-in ballot applications.

He’s now running for mayor in Carrollton, Texas and wants to be in charge of passing laws.

CRAZY AS HELL

[Dr. Clown, PhD @DrClownPhD]

Bro, some of those tricks are legit really good!

[Bethany S. Mandel @bethanyshondark]

In a normal world, this is who the Mayor of New York City would have hosted for dinner at his home, instead of a man who sympathizes with the folks throwing the bomb.

[David Burge @iowahawkblog]

I wish the Newseum was still open, so we could enscribed this lede on its mighty marble facade

[Libs of TikTok @libsoftiktok]

New York Times on Scott Adams vs Ayatollah Khamenei

Scum

[End Wokeness @EndWokeness]

In a world full of Megan Rapinoes, be a Jack Hughes

[Breaking911 @Breaking911]

Kamala Harris attempts to answer why the US shouldn’t have voter ID

[American AF 🇺🇸 @iAnonPatriot]

LMAOO.. Kamala Harris attempts to explain why she’s against photo ID for voting.

This is BUTAL.

[Libs of TikTok @libsoftiktok]

Hannity: You voted against a bill to deport illegals convicted of sex crimes. Do you regret that vote?

Rep Shri Thanedar (D): No.

Believe them when they tell you who they are.

[Jesse Tinsley @JesseTinsley]

CA WEALTH TAX MAN: Hey you. Congrats, you built a company. Tax season is going to be fun.

ME: Awesome. I already paid income tax on my salary.

CA WEALTH TAX MAN: Cute. This is a wealth tax.

ME: Wealth as in cash?

CA WEALTH TAX MAN: Wealth as in vibes.

ME: What does that mean?

CA WEALTH TAX MAN: It means your net worth is mostly your company stock.

ME: Right. I do not have liquidity. It is a private company.

CA WEALTH TAX MAN: Perfect. We love taxing things you cannot sell.

ME: So what do I owe?

CA WEALTH TAX MAN: One time, 5% of your worldwide net worth if you are over $1 billion.

ME: That is $50 million dollars.

ME: I do not have $50 million dollars.

CA WEALTH TAX MAN: That is a you problem.

ME: So I sell some stock?

CA WEALTH TAX MAN: If you can. If you cannot, you can borrow.

ME: Borrow against private stock? In this market?

CA WEALTH TAX MAN: Exactly.

ME: What if the company has transfer restrictions?

CA WEALTH TAX MAN: Then you can sell your house.

ME: I thought they said this was only for billionaires.

CA WEALTH TAX MAN: You can be a billionaire on paper and broke in real life. We call that progress.

ME: How do you even value a private company?

CA WEALTH TAX MAN: You estimate.

ME: Based on what?

CA WEALTH TAX MAN: Comparable public comps, last funding round, secondary whispers, super voting shares and whatever makes the number bigger.

ME: What if I estimate wrong?

CA WEALTH TAX MAN: Penalty.

ME: Do you tell me the right number?

CA WEALTH TAX MAN: No.

ME: Who audits it?

CA WEALTH TAX MAN: People who have never built anything and barely know how to use a calculator.

ME: When do I pay?

CA WEALTH TAX MAN: You pay starting next year. Or you can spread it over five years and pay extra for the privilege.

ME: So it is a "one time" tax but it comes with a payment plan and interest.

CA WEALTH TAX MAN: Now you are learning.

ME: What if my net worth drops after you tax me?

CA WEALTH TAX MAN: Hilarious.

ME: What if my company goes down 70%?

CA WEALTH TAX MAN: Still hilarious.

ME: What if I move?

CA WEALTH TAX MAN: We have residency rules for that. Good luck proving you left at the right time.

ME: This seems designed to force liquidation and force founders to leave..

CA WEALTH TAX MAN: We prefer the term “unlocking revenue.”

ME: So this is only for 200 people, right?

CA WEALTH TAX MAN: For now.

ME: For now?

CA WEALTH TAX MAN: This is how it always works.

CA WEALTH TAX MAN: First it is billionaires.

CA WEALTH TAX MAN: Then it is “centimillionaires.”

CA WEALTH TAX MAN: Then it is “anyone with a paid off house.”

CA WEALTH TAX MAN: Then it is “retirement accounts are a form of wealth.”

CA WEALTH TAX MAN: Then it is “emergency surcharge, just this once.”

ME: You cannot just keep expanding it.

CA WEALTH TAX MAN: Watch us.

ME: What is the moral justification here?

CA WEALTH TAX MAN: You succeeded while living here.

ME: I also already paid massive taxes while living here.

CA WEALTH TAX MAN: That was income. This is existence.

ME: So the crime is staying.

CA WEALTH TAX MAN: Correct.

ME: This is not a tax policy. This is a founder eviction notice.

[Reza Chowdhury @RezaC1]

Here's the resume of the guy that needs to bridge a potential ~$20B gap in the next month.

[Tim Carney @TPCarney]

During Peak Woke (2017 to 2022) libs shattered all sorts of norms that they wish they could have back now.

[Stephen L. Miller @redsteeze]

She's just a firebrand, you see. Notable the New York Times doesn't actually quote or link to any of her posts. Just states that others have.
https://t.co/gJrPi9eC8C

[Matthew Schmitz @matthewschmitz]

In 2016, Mamdani’s director of appointments wrote: “It’s important that white people feel defeated.”

In 2018, his housing advisor wrote: “Impoverish the *white* middle class.”

Mamdani’s own platform called for raising taxes on “richer and whiter neighborhoods.”

[Mario Nawfal @MarioNawfal]

🚨🇺🇸 NYC MAYOR MAMDANI'S HOUSING OFFICIAL: "YOUR HOME SHOULDN’T REALLY BE YOURS"

According to Cea Weaver, a top housing advisor for NYC Mayor Mamdani, the idea of owning your home the way people always have is outdated.

She says we’ve treated property as something personal for “centuries,” and now it’s time to see it as “collective.”

Her words? Families (especially white ones, of course) need a “different relationship to property.”

In other words: stop thinking of your house as yours, and start thinking of it as something shared.

This isn’t a fringe activist on TikTok. This is a person in charge of housing policy for New York City.

Heads up: this "shared equity" talk is a nice way of saying ownership might not mean what you think it does anymore.

Source: @EndWokeness

[Robert Sterling @RobertMSterling]

A 23-year-old YouTube bro just ended the career of a guy who was almost VP of the United States.

This is why legacy institutions hate social media. We have the power now, not them.

And that terrifies them.