I like to read Krugman on economics, but this ties things together that don't match.
While donations from the wealthy to Trump were significant, Kamala Harris still outraised him by a huge margin. It's a misconception that billionaires 'bought' Trump. Many of them detest him and are opportunistic suppoters. Only a small minority supported him consistently, and GOP elites resisted his rise in 2016 as much as they possibly could. Trump won because he has massive grassroots support. At least 25% of the electorate are hardcore supporters.
Secondly, billionaires did not want this war. Trump's enables were Evangelical Christians and their sick theology connected to Israel. In Latin America it's Rubio.
Finally, billionaires don't pay for this war through direct taxation. They pay for it indirectly: as U.S. debt and interest rates rise, financial instability increases, causing their assets to depreciate.
homeonthemtn•29m ago
The general themes here are correct. There is, at a minimum, a derth of intelligence and responsibility both in the white house and across the country's leadership. There are no guards rails, no one looking out for anyone but their billionaire backers.
The idolization of billionaires as paragons of leadership has led to average men with above average income convincing themselves they're an inch short of god.
We'll need a correction, many corrections even, to put this fad to bed.
u1hcw9nx•1h ago
While donations from the wealthy to Trump were significant, Kamala Harris still outraised him by a huge margin. It's a misconception that billionaires 'bought' Trump. Many of them detest him and are opportunistic suppoters. Only a small minority supported him consistently, and GOP elites resisted his rise in 2016 as much as they possibly could. Trump won because he has massive grassroots support. At least 25% of the electorate are hardcore supporters.
Secondly, billionaires did not want this war. Trump's enables were Evangelical Christians and their sick theology connected to Israel. In Latin America it's Rubio.
Finally, billionaires don't pay for this war through direct taxation. They pay for it indirectly: as U.S. debt and interest rates rise, financial instability increases, causing their assets to depreciate.