NEW YORK IN SHOCK! Mayor Mamdani WORST NIGHTMARE Just Came TRUE as Apollo Picks Nashville Tennessee!

Added: 2026-06-03

[00:00:00]Ladies and gentlemen, a $900 billion dollar company just looked at New York City, looked at Mayor Zoron Mamani's tax plans, looked at Nashville, Tennessee, and apparently said, "You know what? Uh, we'll go ahead and take the country music, lower taxes, and hot chicken."

[00:00:15]And just like that, another corporate giant started heading for the exit. Now, think about this for a minute. Apollo Global Management spent 36 years in New York City. 36 years, guys. Now, this is longer than some of the people who are running New York have been paying taxes.

[00:00:31]Apollo manages nearly a trillion dollars. That is a trillion with a T.

[00:00:36]Okay, this is the kind of number that politicians usually see in their dreams right before proposing another tax hike.

[00:00:43]But here's a twist. Mandani solution to businesses leaving appears to be the same solution that made businesses think about leaving in the first place.

[00:00:50]Brilliant, right? It's kind of like watching someone try to stop water from leaking out of a bucket by drilling three more holes in the bottom of the bucket. And now, of course, the panic is spreading. Citadel headed south.

[00:01:02]Alliance Bernstein chose Nashville. JP Morgan Chase now employs more people in Texas than New York. Meanwhile, New York politicians are standing around like the guy who set off the smoke alarm and is now asking why the house smells funny.

[00:01:16]Now, what's really making this story so explosive is that millions of Americans believed. They were warned that this would happen. They were told that higher taxes would drive investment elsewhere.

[00:01:25]They were told companies would vote with their feet. They were told the math just didn't work. You can't give everything away for free, for free, for free. And now Apollo just handed New York a $900 billion report card. Spoiler alert, it wasn't an A+. But here's here's what the corporate media is not telling you. This is not really a story about Apollo. This is not This is actually a story about what happens when the most powerful companies on Earth start treating states like customers and they begin shopping for a better deal. And when I show you the numbers, you'll understand why Nashville is celebrating, why New York is sweating, and why this may only be the beginning. So, subscribe if you enjoy watching reality interrupt political fantasies. And by the end of the video, if you enjoyed it, leave a like on your way out. Totally appreciate that. And real quick, if you're looking for free Medicare help, I have partnered with Chapter. Click the link in the description down below this video or call them on the phone number on your screen. 909-5638279.

[00:02:22]The average senior is saving $1,100 per year thanks to Chapter. Now, I want to talk about this $900 billion elephant that just walked out of New York. Ladies and gentlemen, Apollo Global Management just did something that should have every politician in New York reaching for the stress ball. They managed nearly $900 billion. This is billion with a B.

[00:02:42]Okay, this is not my cousin started a business in his garage money. This is we can buy the garage, the neighborhood, and probably the guy selling hot dogs outside the garage kind of money. Okay, so Apollo just announced that most of its future growth is likely happening somewhere else other than New York City.

[00:03:00]Uh-oh. So now remember guys, Apollo spent what? 36 years in Manhattan. 36 years. But apparently after taking a look at Nashville, Tennessee, they decided country music and lower taxes weren't such a bad combination after all. So here's the scary part for Mayor Zoron Mdani. Apollo is not moving because they hate New York. They're moving because they like math. And math can be brutal because if a company with $900 billion under management looks at New York and says, you know what, let's grow somewhere else. Then suddenly everybody else starts asking the very same uncomfortable question. Well, who might be next? So, now here's where the story gets even crazier because a lot of people are acting like Apollo's decision came completely out of nowhere. Like like a meteor hit Manhattan. Like one morning, executives woke up and randomly said, "You know what? Nashville sounds nice." No, that ain't what happened at all. People have been warning about this for years. President Donald J. Trump talked about businesses leaving high tax states. Business leaders started talking about it. Investors talked about it.

[00:04:00]Kevin Olirri talked about it. I mean, everybody's been talking about it. Even some local officials quietly talked about it. Grant Cardone talked about it.

[00:04:09]Every time the warnings came up, the response was always the same. Relax.

[00:04:14]It's not happening. Nobody's leaving.

[00:04:16]New York is too important. Okay. Okay.

[00:04:18]You keep telling yourselves that. Then then why does Nashville keep getting bigger? Why is Texas growing? Why is Florida attracting investment? Why are executives suddenly spending more time looking at Dallas and Miami than Midtown Manhattan? Here's the answer. Growth goes where it's welcome. Money goes where it's treated well. And companies, they go where the math works. It's amazing how it works, right? People were told for years that if you make a place more expensive, some businesses might eventually leave. Now, some businesses are leaving. And suddenly, everybody is acting shocked. This is kind of like eating an entire chocolate cake and then being stunned when the scale starts sending you threatening messages. The warning signs were not hidden. The warning signs were blinking neon lights.

[00:05:01]And the real surprise is not Apollo's decision. The real surprise is how many people are surprised by it. So now I want to talk about this giant elephant standing in the middle of New York City.

[00:05:10]And no, it's not another billion dollar government project that somehow ends up costing $3 billion. It's taxes. Because shortly after taking office, Mayor Zoran Mani started floating proposals that immediately got Wall Street's attention.

[00:05:24]Higher corporate taxes, higher taxes on financial firms, higher taxes on highincome earners. The goal, close a growing budget deficit.

[00:05:34]>> New York City Mayor Zoro Ramdani's first of its kind plan to tax the rich, getting the green light from Albany.

[00:05:40]State lawmakers passing the mayor's controversial tax on luxury second homes, which critics say will do more harm than good. Let's bring in our political panel. Melissa D. Rosa is a Democratic strategist and author and Republican. Tiffany Smiley is a former candidate for the US Senate. Welcome to both of you ladies. Thank you.

[00:05:57]>> All right, so the Wall Street Journal writes about this PAR tax and says real estate executives and other business leaders had pushed back on the New York City PAR tax, saying it would be costly to implement and not provide much bang for its buck. While the governor's team estimates the new tax will raise 500 a year, some analysts project the amount could be closer to $350 million. You know what I say to that today? That's what they'll get today until they chase all those folks out that will they'll no longer have any money coming in.

[00:06:26]>> 100%. I mean, I was speaking this morning to a CEO of a major residential real estate company here in New York, and she was telling me that deals are already being killed left and right.

[00:06:36]This is a tax that's going to begin on apartments that cost $1 million, which anyone who lives in New York City knows that that could be in a lot of cases a studio apartment, a one-bedroom, and beget valued at, right? That's And people are on top of the mansion tax, on top of the transfer tax, already paying property taxes. And there's absolutely going to be an effect that happens and it's not going to be a good one. So, is anybody going to wake up to this? I mean, >> now look, every city needs revenue.

[00:07:06]Nobody's arguing that. But here's where things get a little interesting or very interesting. The people being asked to pay more were also the same people most capable of leaving. Oops. Yeah. This is kind of like trying to solve a restaurant's customer problem by charging more for the food and hoping everyone orders dessert. Now, here's what really drives investors crazy. The math wasn't complicated. When executives hear higher taxes, they immediately start asking one question. Well, what are our alternatives, right? And suddenly, Nashville gets a phone call.

[00:07:36]Dallas gets a phone call. Miami gets a phone call. Before you know it, a city thinks it's discussing tax policy while investors are discussing moving vans.

[00:07:45]And this is why Apollo's announcement landed like a bombshell because many people believe they were watching cause and effect happen in real time. Now, quick favor. Share this video with one person who still thinks companies stay put no matter what politicians do.

[00:07:58]Because this story isn't really about politics. It's about what happens when a spreadsheet starts voting with its feet.

[00:08:05]Now, let's be honest, guys. If somebody told a Wall Street executive 20 years ago that Nashville would someday compete with Manhattan for financial jobs, they'd probably get laughed so hard they'd spill their overpriced coffee.

[00:08:17]Nashville? Really? Yeah. Okay. The city famous for country music. The city with cowboy boots. The city where people say y'all without irony. Yep. That Nashville, right? This is exactly what makes this story so incredible because Nashville wasn't supposed to win.

[00:08:32]Manhattan was supposed to win. Wall Street was. New York City was supposed to win. But then something funny happened. Nashville just kept making itself attractive. Alliance Bernstein moved there. More financial firms started looking there. More executives started visiting there. Heck, look at Dave Ramsey. And a and suddenly like a city that's once known for guitars started attracting people who manage billions of dollars. Somewhere right now, there is a former Manhattan executive eating Tennessee barbecue while paying lower taxes and wondering why he didn't move there sooner. And the lesson here is simple. Cities compete, states compete, and companies compare.

[00:09:09]Apollo didn't accidentally land on Nashville. They landed on a place that spent years making itself look attractive, while New York spent years assuming nobody would ever leave. Turns out assumptions can be rather expensive.

[00:09:22]Now, here's the part that should really make New York's political class nervous.

[00:09:26]Apollo's not even first. They're just the latest. Think about it, right? A lot of headlines are treating Apollo global management like some shocking new development. Folks, this movie has been playing for years. Apollo just showed up in the latest scene. Look at Citadel.

[00:09:41]Ken Griffin. He packed up major operations and he moved to Florida. Look at Alliance Bernstein. They chose Nashville. Look at Goldman Sachs.

[00:09:49]They're expanding in Dallas, Texas. And every time one of these companies moves, politicians react like a homeowner standing in 2 ft of water saying, "I wonder if that leak is getting any worse." Yes. Yes, it is getting worse because every corporate move sends a message. It's not just the employees.

[00:10:07]It's not just the investors. It sends a message to other CEOs, to other boards, to other companies. One company leaves and people notice. Three companies leave and people start asking questions. 10 companies leave and suddenly nobody's laughing anymore. This is why Apollo matters, not because they're first, because they're becoming part of a pattern. And patterns are much harder to explain away than isolated events. So now I want to talk about the statistic that should have set off all sorts of alarm bells all across New York City.

[00:10:36]Jaime Diamond of JP Morgan Chase revealed something absolutely astonishing. 10 years ago, JP Morgan had roughly 30,000 employees in New York City. today about 24,000. Now, I I I know it's not catastrophic, but then comes the punchline. JP Morgan's Texas workforce grew from around 26,000 employees to more than 32,000 employees.

[00:10:59]Now, listen, for those who weren't paying attention in the back, the most iconic Wall Street bank in America now employs more people in Texas than in New York. Texas, guys, the state famous for barbecue, pickup trucks, and saying everything's bigger over there.

[00:11:14]Apparently, that now includes financial hiring. Now, somewhere a cowboy just became a bigger symbol of growth than Times Square. Now, here's why this matters. The jobs leaving first are not today's jobs. They're tomorrow's jobs.

[00:11:28]The next department, the next office, the next promotion, the next executive track. This is how company, this is how economic shifts happen. Not with a giant explosion, not with dramatic headlines, with thousands of small decisions. One hire, one team, one expansion, one spreadsheet at a time. And by the time everybody notices, the center of gravity has already moved. This is exactly what Apollo appears to be betting on. Now, folks, the people who suffer the most from these decisions aren't even the billionaires. So, now here's where the story gets gets rather personal, okay?

[00:12:01]Because whenever people hear about Apollo Global Management, JP Morgan Chase, or Citadel, they picture billionaires flying around on private jets. But this is not who's most affected. The people who get squeezed are ordinary workers. The example from the intel that we got was this guy who, let's just call him Daniel. Okay. So, Daniel's got a family, kids in school, a mortgage. He built a life in New York City. Then one day, management starts talking about Nashville, Dallas, Miami.

[00:12:31]Suddenly, the promotion he wanted isn't across town. It's across country. So, now Daniel has a choice. move his family, pull his kids from school, leave friends behind, or stay put and watch opportunities slowly move somewhere else. This is the part politicians never seem to want to talk about. When a company moves, the impact doesn't stop at the office building. The deli loses customers, the dry cleaner loses customers, the daycare loses customers, the restaurant loses customers. Turns out corporations aren't just paying tax machines, they're connected to entire communities. And so when the growth leaves, everybody feels it. Now, if you're sitting in Texas or Tennessee or Florida or somewhere far from New York and thinking, "Not my problem." You might want to pay attention because New York isn't the only place facing this challenge. California has been dealing with very similar issues. So, the intel indicates that estimates are suggesting that both California and New York have seen roughly a trillion dollars in assets under management migrate elsewhere. A trillion dollars. This is not couch cushion money, guys. This is not, you know, we'll skip Starbucks for a week kind of money. No, that is money.

[00:13:39]That's enough money to make politicians break into a cold sweat in the middle of night. Then we need to look at Illinois.

[00:13:45]Boeing left. Caterpillar left. Citadel left. At some point, you stop calling it a coincidence. It's kind of like watching three people leave a restaurant and still insisting that the food must be amazing. Eventually, somebody asks to see the kitchen. And this is why viewers all over America are paying attention to Apollo because this is not really a New York story. It's a warning story. It's a competitiveness story. It's a growth story. And perhaps most importantly, it is a reminder that no city is automatically guaranteed success forever. Even the biggest cities in America still have to compete. And some are competing better than others. Let me tell you now. At this point, some people are probably asking the obvious question. Well, if New York is New York, why are places like Nashville, Texas, and Florida winning so many of these battles? Well, I think that the answer is surprisingly boring. Now, I'm going to try not to put you guys to sleep, but this is exactly why it's so powerful, okay? It's math. That's all it is. It's no conspiracy. There's no secret formula. There's no hidden treasure map buried under a Nashville barbecue restaurant. It's just math. Now, let's just say you're running a company. Okay?

[00:14:55]One state says, "Hey, come here and keep more of your money." The other state says, "Come here and we'll take more of it." Now, this isn't exactly a difficult multiplechoice test, is it? Texas has no state income tax. Florida has no state income tax. Tennessee has no state income tax. Meanwhile, executives compare those numbers against New York and California, and they start reaching for their calculators. And the calculators can be brutal. They can be ruthless, okay? They don't care about your political speeches. They don't care about like some slogans. They don't care about campaign commercials. Spreadsheets don't vote. Spreadsheets calculate. And right now, a lot of those calculations seem to be pointing toward Nashville and Dallas, Miami, and other fast growing cities. Turns out numbers can be surprisingly persuasive. So now I want to talk about this nightmare scenario, the one that nobody wants to discuss, the feedback loop. Because this is where this is where a problem can go from manageable to dangerous very quickly.

[00:15:52]Okay. So, let's just imagine a city loses a few major employers. Tax revenue falls. Budget pressure increases.

[00:15:59]Politicians respond by raising taxes.

[00:16:02]Then more employers leave. Revenue falls again. Pressure grows again. Taxes go up again. And around and around we go. It's kind of like, you know, trying to lose weight by eating cake because you're stressed about gaining weight. And the solution becomes part of the problem.

[00:16:16]And this is exactly what critics fear could happen in New York City. Not because of one company, not because of Apollo, because of what happens if Apollo is followed by five more companies and then 10 and then 20 more and then you know suddenly the tax base starts shrinking and the budget gap gets larger and larger. The pressure gets worse and politicians start looking for even more revenue which kind of sends even more businesses looking elsewhere.

[00:16:42]This is why Apollo's move has everyone talking. I mean, people are not worried about today's economy. They're worried about tomorrow's economy. And tomorrow's decisions are being made right now in boardrooms all across America. Now, to be fair, supporters of Zoron Mandani, they will tell you we're missing part of the story. And they're right. They are right. Manhattan office leasing has improved. American Express is building a major headquarters. Bank of America signed a long-term lease. Financial sector employment remains strong. Those are all positive developments. Nobody should ignore them. But here's the problem. Supporters keep talking about today's jobs. Critics keep talking about tomorrow's jobs, and those are not the same thing. Think about it this way, right? A football team can still be winning games while losing its best recruits. Everything looks fine until it doesn't. This is why Apollo's decision has people paying attention. The concern isn't that New York City suddenly turns into a ghost town tomorrow morning. The concern is that the next expansion goes to Nashville. The next office goes to Dallas. The next hiring wave goes to Miami. And before anybody realizes what's happening, New York keeps the past while someone else gets the future.

[00:17:52]That is the debate. And this is a much bigger debate than just one company. So this is where the story really gets interesting because Apollo isn't just sending a message to New York. It's actually sending a message to every city in America. California is watching.

[00:18:06]Illinois is watching. Seattle is watching. Every mayor, every governor, every city council, every economic development office, they're all watching. The SBA is watching. The Small Business Administration is watching because whether they admit it or not, they're competing for the same thing.

[00:18:21]Jobs, investment, growth. The audience reaction to this story tells you everything you need to know. Many people believe that they are watching two very different models compete. One model says attract growth. The other says tax growth. One model says make it easier to invest. The other says make investors pay more. And the public is increasingly asking which model actually works. This is why the story exploded online. People don't see Apollo as one company. They see Apollo as a scoreboard. And whether that's fair or not, this is exactly how millions of Americans are interpreting this moment. Which means that this story really isn't ending anytime soon. In fact, it's just getting started. Now, ladies and gentlemen, let's bring it all together. Okay. Apollo Global Management manages nearly $900 billion. After 36 years in Manhattan, they're building a future that increasingly points toward places like Nashville. And that's why this story hit such a nerve, because it confirms something millions of Americans already suspected. Companies can move, capital can move, growth can move, and if leaders ignore the math long enough, eventually the math starts making decisions for them. The irony is almost too perfect here. I mean, for years, people said New York was just too important to lose growth, too powerful, too iconic, too big to worry, too big to fail. Well, then companies started expanding elsewhere. And now everyone is standing around asking why. It's like setting your thermostat to 95° and then acting shocked when the house gets hot.

[00:19:51]The answer was always right there. So whether you agree with Donald Trump, Zoron, Mom, Donnie, Kathy Hokll, Jaime Diamond, Ken Griffin, or anybody else involved in this debate, one thing is becoming increasingly clear. The competition between cities is real. The competition between states is real. And Apollo just reminded everyone that loyalty is nice, but spreadsheets are ruthless. Because spreadsheets, they don't care about speeches. They don't care about narratives. They don't care about excuses. They care about numbers.

[00:20:20]And right now those numbers appear to be sending a lot of growth toward Tennessee, Texas, and Florida. Now, the big question going forward is simple.

[00:20:28]Will New York adapt? Or will more companies follow Apollo's lead? Because somewhere tonight, another executive team is sitting around another conference table staring at another spreadsheet. And they're asking the exact same question Apollo asked themselves. Now, if you enjoyed this video, make sure to leave a like on the way out, subscribe if you haven't already, and share this video with someone who still thinks economic decisions happen in press conferences instead of spreadsheets, and let me know in the comments, guys. Is your city gaining growth or quietly losing it? As always, thank you so much for watching, and we'll see you back here next time.