Flint Adam

Greater Nashville REALTOR®. Blogger, Investor, Photographer, World-Traveler. Atlanta Braves fan. Father of 2 kids. Learning to Off-Road.

[Brad Wilcox @BradWilcoxIFS]

"Men who prioritize fatherhood may lose some sleep, gain some extra weight & enjoy less free time, but they can also discover a richer life with greater meaning, purpose & connection. And when it comes to brain health and mental fitness, becoming a father is one of the best things you can do." https://t.co/ddL9y5Ncci

[Flint Adam @FlintAdam]

I could not say it better myself.

[Teddy - PolyBackTest.com @Bitcoin_Teddy]

Bill Maher drops a reality bomb on Zohram Mamdani voters with a brutal history lesson on socialism.

“We’ve run this experiment many times, and the results are always obvious,” Maher said.

He looked straight into the camera and delivered a blunt warning about Mamdani.

“Democrats must recognize that Zohran Mamdani is the future of the party. Unfortunately, it’s the Republican Party.”

“Here’s capitalist South Korea at night from space,” Maher presented, showing a country lit up and thriving.

“Here’s socialist North Korea,” he followed, with the map pitch dark.

“Yeah. In 1990, Venezuela was wealthier than Poland. But then Poland, finally free of Soviet style economics, went all in on capitalism and now their economy is as big as Japan and people there have high wages, low inflation, cars, vacations, homes.”

“Meanwhile, Venezuela traded capitalism for Hugo Chavez’s socialism for the 21st century, which turned out to be like socialism in the last century or any century, a f*cking mess.”

“It turned one of Latin America’s richest countries into one of its poorest. Low wages, high inflation, shortages, outages, 8 million people fleeing. If you think New York can somehow reinvent this wheel, you’re in for a rude awokening.”

[Steven Fiorillo @stevenfiorillo]

As a lifelong, taxpaying New Yorker, I am extremely worried about the ramifications of the estate tax proposal on New Yorkers if it gets signed into law. I want to be clear up front; this isn't about politics for me. I'm not fighting for the billionaire class, and I'm certainly not one of them. What I am is someone who understands basic math, economics, and business, who has watched what happens when states push tax policy past the breaking point.

Here's what's on the table right now: a proposal to reduce New York’s estate tax exemption from $7.1 million down to $750,000, an 89% cut while increasing the top rate from 16% all the way to 50%. This is embedded within a batch of revenue ideas sent up to Albany to try and plug a $5.4 billion hole in the city budget.

I want to discuss who this estate tax actually hits, because it’s certainly not the ultra-rich. The ultra-rich weren’t exempt as only the first $7.1 million avoided estate taxes. A $750,000 threshold in the New York metro area is not reasonable. The median home price in New York City hit roughly $809,000. In Nassau County you're looking at $820,000. Suffolk County sits around $675,000. Westchester is $754,000. If you bought a house in the city, Nassau, or Westchester and you spent 30 years paying off that mortgage like a responsible adult, congratulations, you're now above the estate tax threshold. What’s even better is that you hit the threshold before even factoring in your 401k, life insurance, savings, a family business, or other investments.

This isn't a tax on the wealthy it’s a tax on a retired couple in Bayside who paid off their split-level. It's a tax on the family that runs a deli in Astoria and owns the building. When you force those families to come up with 50% of the value above $750,000 after someone dies, what do you think happens? They sell. They liquidate. The house goes, the business goes, and the generational wealth that took a lifetime to build disappears in a single tax event. Family businesses which are the backbone of employment in neighborhoods all over this city get gutted.

According to the State Department of Taxation and Finance's own numbers New York's tax structure is incredibly top heavy as millionaires paid 44.6% of all personal income tax collected in 2024. The top 200,000 filers covered 51.9%. The bottom half of all earners paid 0.2%. Think about how fragile that makes us. You don't need a mass exodus. You need a few thousand people to change their mailing address to Palm Beach or Austin and the budget math falls apart.

Here's the part that really gets me though. The biggest victims of "tax the rich" policies aren't the rich. The rich utilize their resources and leave once they have had enough because their resources make them mobile. The people who get crushed are the ones who stay such as teachers, firefighters, nurses, and the small business owner. They can’t simply pick up and go. The harsh reality is that when the wealthy leave and the tax base shrinks, the city still needs the same amount of money to run the subways, pay the cops and keep the lights on. So where does it come from? It comes from everyone left behind as they are forced to pay higher taxes, and higher fees.

What may bother me more is the double taxation piece. The money in someone's estate didn't just appear from thin air. They earned it and paid income tax. They invested it and paid capital gains. They bought property with it and paid property taxes every single year. They bought things and paid sales tax. Every dollar in that estate has already been taxed multiple times over the course of a lifetime. Now when they die the state wants to take half of everything above $750,000? At what point does it stop being a tax and start being confiscation? That's a genuine question I have because if you work your whole life, play by every rule, pay every tax along the way, and the government still takes half when you die what exactly was the point of saving any of it?

A $750,000 threshold doesn't catch billionaires it catches the middle class. It catches people who were never wealthy, they were just disciplined. They bought a house, they didn't sell it, they put money away for retirement, and they wanted to leave something for their kids. Punishing that with a 50% tax rate sends a very specific message: the state believes your assets belong to it first and your family second. I don't care where you fall politically that should bother you.

I'll say this very simply. When you tax people to the point where they feel targeted, they leave. When they leave the burden falls on everyone who can't. When that burden gets heavy enough, more people figure out a way to go. That's not theory, that's exactly what IRS data and Census numbers have been showing us for half a decade straight.

New York is standing at a fork in the road right now. One direction is more punitive taxation with an increasing dependence on a shrinking pool of high earners who increasingly have one foot out the door. The other direction is putting forward competitive tax policy, fiscal discipline, and creating an environment where building wealth and creating jobs isn't treated like something the government needs to punish. I know which path leads somewhere good. I just hope the people making the decisions figure it out before there's nobody left to tax.

@amitisinvesting @BillAckman @chamath @patrickbetdavid @PBDsPodcast

[Flint Adam @FlintAdam]

@SouthwestAir - you tell us THREE minutes before we’re supposed to start boarding that our flight is suddenly delayed almost five hours?! Get it together.

[Flint Adam @FlintAdam]

@BreannaMorello That lifestyle is out there. There are plenty of men (myself, included) who enjoy and find worth in the role of provider… but too many women downplay a man’s role and worth in a happy family. Quit demonizing men. Plenty of us still want to matter to the women we care for.

[Flint Adam @FlintAdam]

@BreannaMorello Nowhere in here did I hear anything about her wanting a husband… a provider. She wants to work out at the gym and drive kids to school, but that doesnt magically appear. She needs a partner… someone who carries the other part of the load while she oversees home and kids.

[Flint Adam @FlintAdam]

@MLB - I am a lifelong fan, but the game is broken. Without a salary cap, the majority of the league can’t compete and you will continue losing fans. This isn’t crying, this is growing indifference. Fix the sport, even if it means a lockout.

[Flint Adam @FlintAdam]

@ModernxDad #truth

[Flint Adam @FlintAdam]

Major League Baseball feels completely broken.

#MLB #majorleaguebaseball #baseball #salarycap

[Flint Adam @FlintAdam]

@ericmmatheny This one wins the internet

[Flint Adam @FlintAdam]

@Dknowzappare @BoldExaltus One of my favorites of all time

[Flint Adam @FlintAdam]

@walmarthelp I responded via DM with a screenshot of my cancelled order.

[Flint Adam @FlintAdam]

@Walmart - I successfully ordered a Switch 2 during your online restock last Friday and had a confirmed order number with a Monday delivery. On Monday you sent a message saying it was delayed. Today, it is suddenly cancelled. What??!!

Seriously unhappy. #walmart #Switch2

[Flint Adam @FlintAdam]

@mattswider I landed a Switch 2 order when Walmart restocked this past Friday, and then I got a message on Monday that the order is delayed and now I just got a message that it is cancelled.

This is straight up B.S.

[Flint Adam @FlintAdam]

@mattswider It just showed up for a minute as I was checking but they wanted $750 for the bundle

[Flint Adam @FlintAdam]

@BopsXRP @TresslessTrove Correct. My heart goes out to the victims, their family and friends. At the end of the day, the thing that matters most is that lives were lost, and I regret sounding too clinical in my remarks.

[Flint Adam @FlintAdam]

@BopsXRP @TresslessTrove Traveling on an already gusty day near skyscrapers can create a lot of air turbulence. I would not be surprised if a strong cross wind led to the tail suddenly swinging left, then the pilot overcorrected and the main blades sheered off the tail… then free fall began.

[Flint Adam @FlintAdam]

@BopsXRP @TresslessTrove In one of the videos, the tail can clearly be seen abruptly swinging violently to the left out. A moment later, the tail is seen detaching. The fuselage then begins a free fall before the main rotor and mast break off, continuing to spin while the fuselage plummets to the water.