TDS has consequences…

Never underestimate the greed, corruption, and hypocrisy of America’s wealthy elite (and especially those who are members of the political media). The coverage in this article absolutely eviscerates Stewart’s credibility and I’m interested in seeing if he is candid and honorable enough to address it.

Can't believe the totally unbiased and fair journalist Jon Stewart did this.

Yeah, no.

Here’s the deal—Tim Pool (and, by extension, the New York Post) totally misunderstood how property valuation works. The number the city puts on a place for tax purposes isn’t the same as what it’s actually worth on the market. In NYC, tax assessments are based on some formula that often lowballs luxury properties. So when Stewart sold his penthouse for $17.5 million, it wasn’t some shady scheme—it was just what someone was willing to pay for a high-end apartment in Manhattan.

Bottom line? Pool’s claim was based on a huge misunderstanding (or maybe just an intentional misrepresentation) of real estate values. But the Post ran with it anyway, even though it was totally off base, basically fueling an internet conspiracy that had no legs. And, shocker—turns out, selling your apartment for what the market says it’s worth isn’t fraud.