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Speaker 1: This story going around about Kathy Hockel, the governor of

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Speaker 1: New York is joyous. Joyous because when you say something

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Speaker 1: and you are amazed.

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Speaker 2: That people notice. I don't know.

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Speaker 1: Maybe it's because of what I do for a living.

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Speaker 1: I just assume that people are listening. If they're listening,

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Speaker 1: like I said the words, I'm not surprised if someone

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Speaker 1: says to me, hey, you said this thing. That's would

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Speaker 1: that be shocking to anybody? Tony Katz Tony Katz today,

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Speaker 1: I don't.

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Speaker 2: Know if I said hello or not. I forget sometimes

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Speaker 2: and I apologize.

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Speaker 1: It just seems very, very, very weird that people are amazed.

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Speaker 1: So Kathy Hokel, the governor of New York during the

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Speaker 1: COVID days, she was all sorts of tough guy, at

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Speaker 1: all sorts of outraged that businesses.

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Speaker 2: Would leave New York.

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Speaker 1: The left never looks at policy and says, hey, people

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Speaker 1: are leaving our state because the taxes are too high

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Speaker 1: or because of these draconian regulations. Maybe we should look

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Speaker 1: at those taxes and draconian regulations. They believe, as a

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Speaker 1: matter of ideology that your money is not yours. Your

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Speaker 1: money is just waiting for them to decide. How they're

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Speaker 1: going to take it. How else could someone explain unrealized

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Speaker 1: gains unrealized gains. I'm giving a very very broad example here.

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Speaker 1: Unrealized gains is is that let's say your house is

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Speaker 1: one hundred thousand dollars and then next year it's worth

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Speaker 1: one hundred and twenty thousand dollars. Twenty thousand dollars is

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Speaker 1: the unrealized gain. If you sold it, you would make

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Speaker 1: twenty grand, but you haven't sold it yet.

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Speaker 2: Not selling it is an unrealized gain.

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Speaker 1: Democrats, because progressives in other places and other countries do this,

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Speaker 1: they believe that you should be able to tax the

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Speaker 1: unrealized gain. So take it out of your house example,

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Speaker 1: and move it into a stock example, your business example.

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Speaker 1: You have X number of shares of a company that

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Speaker 1: you've built, and the stock went from ten dollars to

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Speaker 1: sixty four dollars.

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Speaker 2: So fifty four dollars is unrealized gains.

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Speaker 1: You would only make that if you sold it, just

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Speaker 1: like you would only have a loss if you sold

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Speaker 1: for lesson you bought it for Right now, it's it's

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Speaker 1: Schrodinger's cat. It's neither alive nor dead. It's a question

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Speaker 1: of what you decide to do with it. So what

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Speaker 1: their argument is is that you should pay a tax

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Speaker 1: on the unrealized gain. But in order to pay the tax,

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Speaker 1: and this has been a conversation out of Nordic countries

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Speaker 1: where they try this kind of nonsense, in order to

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Speaker 1: pay the game, you have to have the cash. But

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Speaker 1: you don't have the cash. So what do you have

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Speaker 1: to do. You have to sell the stock. You then

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Speaker 1: sell the stock to pay a gain that you never realized.

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Speaker 1: So you're paying all of this money for money you

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Speaker 1: never got. And now you have, let's stock in your

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Speaker 1: own business because you had to give the government their

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Speaker 1: due on what they believed they were doing.

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Speaker 2: That's progressivism.

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Speaker 1: If you've never heard that for the first time, maybe

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Speaker 1: I should have warned you if you're driving, I'm sorry.

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Speaker 2: Hands on tenned two. Is that not the craziest thing

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Speaker 2: you ever heard?

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Speaker 1: And you tell me, Tony, they're not selling their stock,

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Speaker 1: They're not even selling their business.

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Speaker 2: It's happening all the time.

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Speaker 1: It's happening all over the place, this concept of unrealized gains.

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Speaker 2: And that's on the business side. I brought up your home.

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Speaker 2: What happens when.

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Speaker 1: These leftis say you should pay the unrealized gain on

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Speaker 1: your home.

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Speaker 2: Now you're selling your house to pay a tax on

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Speaker 2: money you never got. Well, now you have to sell

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Speaker 2: your home, and now you got the money.

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Speaker 1: Well, if you're having to pay unrealized gains, aren't we

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Speaker 1: now going to send house prices and house values down

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Speaker 1: in a major way because people are now forced to sell.

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Speaker 2: And now you've got al.

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Speaker 1: And everybody's to sell to be able to pay the

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Speaker 1: things that they're not in trouble with the government, and

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Speaker 1: you get super ugly. Progressives are super ugly because they

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Speaker 1: don't believe that what is.

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Speaker 2: Yours is yours.

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Speaker 1: They believe what is yours is a game to figure

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Speaker 1: out how they can make it theirs. We see this

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Speaker 1: time and again, But in twenty twenty two, Kathy Hochel

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Speaker 1: was playing all sorts of tough, was the governor of

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Speaker 1: New York with those who were going to leave the

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Speaker 1: state because well, it was just financially untenable.

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Speaker 3: We're here to say that the era of Trump and

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Speaker 3: Zelden and mon Arrow, just jump on a bus and

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Speaker 3: head down to Florida where you belong. Okay, get out

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Speaker 3: of town.

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Speaker 4: Get out of town, because.

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Speaker 3: You don't you don't represent our values.

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Speaker 2: You are not New Yorkers.

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Speaker 1: Get on a bus, get out of town. You don't

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Speaker 1: represent us, You're not real New Yorkers. Now I ask you,

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Speaker 1: would you stick around? Would you come back if someone

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Speaker 1: spoke to.

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Speaker 2: You like that? Oh, I'm not welcome. I'm not wanting Okay,

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Speaker 2: I won't stick around. I don't need to be here.

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Speaker 2: Ba Felicia.

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Speaker 1: Now, I would rather those businesses move to the Midwest

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Speaker 1: than move to Florida. We have less bugs, Frozen iguanas

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Speaker 1: don't fall from trees. You can afforda house here the Midwest.

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Speaker 1: It's better, and you love the seasons. Florida is awfully hot.

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Speaker 1: If I was a Midwest covenor, if I was in

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Speaker 1: Midwest Politico, that's how to.

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Speaker 2: Be selling the story. You should be in Indiana. You

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Speaker 2: should be in Michigan. You should be in Missouri. You

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Speaker 2: should be in Oklahoma. Of course, I'm not anti Florida,

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Speaker 2: by the way, I'm not.

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Speaker 1: I'm just I live in the Midwest and sow I

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Speaker 1: would present the Midwest. You should bring your business to Peoria, Illinois.

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Speaker 1: About the problem is it's in Illinois, so it gets difficult.

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Speaker 1: I'm sorry, Peoria I'm sorry my good friends who listen

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Speaker 1: every day, and I appreciate it, but it's hard.

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Speaker 2: You know, it's hard.

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Speaker 1: It's hard to sell Illinois when you've got Pritzker engage

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Speaker 1: with the same kinds of conversations. Or you can always

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Speaker 1: go to North Carolina because we're on WBT in Charlotte,

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Speaker 1: and that's also very, very acceptable.

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Speaker 2: So that was her.

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Speaker 1: That was Kathy Hochel, the progressive governor New York in

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Speaker 1: twenty twenty two.

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Speaker 2: Here she is in twenty twenty six and.

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Speaker 4: Being conscious of the facts that I need people who

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Speaker 4: are high net worth to support the generous social programs

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Speaker 4: that we want to have in our state. Right now,

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Speaker 4: there are some patriotic millionaires who stepped up.

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Speaker 2: Okay, cut me the checks.

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Speaker 4: I mean, just if you want to be supportive, But

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Speaker 4: maybe the first step should be go down to Palm

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Speaker 4: Beach and see what you can bring back home because

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Speaker 4: our tech space has been eroded.

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Speaker 2: Is that right?

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Speaker 1: Turns out you can't find quote unquote patriotic millionaires to

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Speaker 1: you enough checks for your generous social programs.

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Speaker 2: Maybe they're not believers in the generous social programs, or.

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Speaker 1: Maybe you're too generous with other people's money, which is

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Speaker 1: the definition of socialism. It was Margaret Thatcher right. The

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Speaker 1: problem with socialism is that eventually you run out of

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Speaker 1: other people's money because these politicians are really generous with

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Speaker 1: your money. That's why you think I opposed the minimum wage.

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Speaker 1: The minimum wage.

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Speaker 2: Is politicians being generous with your money. Why don't you

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Speaker 2: be generous with your money. If you don't want to

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Speaker 2: be generous, well, it's your money.

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Speaker 1: They're going to decide not only what the amount of

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Speaker 1: generous is, but what generous means. Not generous to programs

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Speaker 1: you buy into, to you that you believe that you

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Speaker 1: think would create a difference. No, their program they're insanity.

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Speaker 1: Their desire to study transgender hookers in Vietnam or whatever's

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Speaker 1: going on. No, no, no, don't even say send me

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Speaker 1: an email. Don't even send me an email, because you know,

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Speaker 1: if I start walking through the list of the insane

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Speaker 1: things that we fund and that we study, there is

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Speaker 1: something similar to that on the list.

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Speaker 2: We all know it. We don't have to question it.

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Speaker 2: We can move on.

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Speaker 1: Why don't we go down to Palm Beach and bring

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Speaker 1: these people back who you can bring back home?

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Speaker 2: Cafe KitKat, I call her KitKat.

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Speaker 1: I don't really. New York's not home anymore. I was

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Speaker 1: born in Brooklyn and I grew up in New Jersey. Now,

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Speaker 1: I was a baby when I left New York. I

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Speaker 1: was six weeks old and my older brother was two,

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Speaker 1: and my parents were lifelong New Yorkers. When my grandparents

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Speaker 1: came over from Poland, they settled in Brooklyn and they

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Speaker 1: built a family there.

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Speaker 2: And it was a big deal to leave New York

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Speaker 2: for New Jersey. It was a huge, huge deal to

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Speaker 2: do that.

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Speaker 1: A lot of it was, you know, growing up that

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Speaker 1: there were there were Jews in Brooklyn, and you didn't

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Speaker 1: go to New Jersey. You went to Long Island, right,

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Speaker 1: That was the natural progression. Who in the world went

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Speaker 1: to New Jersey at the cows as I remember it was,

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Speaker 1: it was it was before the whole place.

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Speaker 2: Was built up. It was it was a it was

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Speaker 2: a big, big deal. But New York was was the

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Speaker 2: center of of our lives. You know, you didn't go

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Speaker 2: to New York. You went to the city. That was

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Speaker 2: the city. It was. It was always that terminology, and

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Speaker 2: my father worked there, and and and and the experiences there,

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Speaker 2: and and my experiences and and and always having that

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Speaker 2: and the and in the background it was it wasn't

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Speaker 2: a big It was always great, but it wasn't a

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Speaker 2: big deal.

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Speaker 1: It was well, that's where you go, that's what you do.

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Speaker 1: It was standard, standard operating, fair to do those kinds

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Speaker 1: of things.

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Speaker 2: Would I go back? Now? There is a radio conference

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Speaker 2: taking place in New York in June, and I am

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Speaker 2: debating every which way whether I want to go. Would

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Speaker 2: I feel safe in zoron mom Donnie's New York. It's

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Speaker 2: not the same, nothing's the same.

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Speaker 1: And if I go, If I do go to this conference,

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Speaker 1: which might be good for the business, exactly how much

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Speaker 1: time am I going to spend thirty six hours? Tops

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Speaker 1: I know the couple of restaurants I want to go to,

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Speaker 1: I don't even know if I have enough time for that.

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Speaker 1: How little time do I have to spend in New

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Speaker 1: York in my life? Did I ever think that I'd

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Speaker 1: be thinking this? And that's just from a safety and

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Speaker 1: security standpoint. Now, could you imagine living there with this

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Speaker 1: oppression of taxes and regulation upon you and a governor

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Speaker 1: who said get out if you don't want to give

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Speaker 1: us your money, you're not real New Yorkers. New York

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Speaker 1: isn't home anymore.

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Speaker 2: It's not.

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Speaker 1: It's not home. It is far from being home for

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Speaker 1: a lot of people, myself included. So I don't know

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Speaker 1: what she's saying about bringing people back home, but she

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Speaker 1: goes on this isn't an event she was at that

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Speaker 1: was put on by Politico.

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Speaker 4: So I philosophically don't have a problem. It is like,

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Speaker 4: I have to look at the fact that we are

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Speaker 4: in competition with other states who have less of a

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Speaker 4: tax burden on their corporations and their individuals, and I

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Speaker 4: would say remote work changed everything. There were people who

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Speaker 4: could only work in an office in Manhattan and work

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Speaker 4: in New York State, and they were captives to our state.

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Speaker 4: They were in a state we saw that that's not

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Speaker 4: the case. I mean, you know Wall Street businesses looking

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Speaker 4: at Texas. They're not going there because they have a

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Speaker 4: nicer governor. I know that for sure, But they're going

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Speaker 4: there because of the tax right.

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Speaker 1: We have no no, no, they might be going because

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Speaker 1: they have a nicer governor, but what a line. And

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Speaker 1: they were captives to our state? Is that how progressive

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Speaker 1: governors see us? Captives to the state? And how dare

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Speaker 1: they escape? How dare they not live their lives as

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Speaker 1: the captives we have decided they are, and doing what we.

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Speaker 2: Tell them our captives. Holy cow, the.

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Speaker 1: Never minds her statement from twenty twenty two, This from

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Speaker 1: twenty twenty.

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Speaker 2: Six is worse.

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Speaker 1: It's much, much, much worse because in this right, in

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Speaker 1: the first statement, she was just.

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Speaker 2: Venting about how much she hates you. She was getting a.

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Speaker 1: Rob rob from the crowd. And okay, it was pure politics.

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Speaker 1: This is a cool, calm, collected conversation. And four years

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Speaker 1: later she still hates the people she governs. She only

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Speaker 1: likes the fact that she gets to decide their future.

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Speaker 1: She hates the people she is supposed to represent and

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Speaker 1: wants them to be captives, and laments the fact that

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Speaker 1: they are not. And instead of changing policies and changing

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Speaker 1: theories and changing practices and reducing regulations and changing tax burdens,

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Speaker 1: instead of saying the people have spoken and I should listen,

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Speaker 1: she goes about and says, how can I make.

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Speaker 2: Them captives again? How can I convince them? How can

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Speaker 2: I go about having this rule over them where they

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Speaker 2: can't leave?

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Speaker 3: Now?

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Speaker 1: I ask you anybody coming back for that, anybody clamoring

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Speaker 1: to return to New York for them. Anybody want to

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Speaker 1: go back to the abusive X. I mean, I don't know,

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Speaker 1: maybe a couple of guys out there with a safe word,

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Speaker 1: and I'm not opposed to a good safe word. Mine

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Speaker 1: is guacamole. I'm saying nobody wants this, and she hasn't

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Speaker 1: learned a thing, but she's told you a lot about

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Speaker 1: her seething anger over the last four years. I'm Tony Katz.

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Speaker 1: This is Tony Kats Today. Don't forget to move to

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Speaker 1: Indiana or the Midwest. I'm just saying it's pretty cool here.

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Speaker 1: More radio show coming up.

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Speaker 2: Stay there,