Both arsonist and firefighter

In an article posted before my trip Daily Kos community member xaxnar discussed an article by Paul Krugman, published in his own Substack on the topic of wealth taxes. I’m working from xaxnar’s discussion, which includes quotes from the Krugman’s article, because most of Krugman’s words are behind a paywall. Krugman noted that in 1982 the Forbes 400 wealthiest Americans had a combined wealth of $92 billion. In 2025 it was $6.6 trillion, or 3.7% of national wealth and 26% of national income. The New York Times estimated that 300 billionaires made 19% of all political contributions in the 2024 election. That is a strong case for taxing the rich. One way to do that is restoring the highly progressive tax rates that Reagan dismantled. There are other forms of tax. The best one is whatever can get passed. Reagan passed his tax cuts 40 years ago. Why is is becoming an issue now? First, some people always saw it as an issue. But inequality doesn’t just happen after a tax cut. It takes a while to grow and a while for the cuts in education funding to increase the divide between the rich and the working class. So the concentration of wealth wasn’t recognized for a while. Second, tracking the wealth of the rich is hard. They aren’t paid a salary and most of the time they don’t have to report capital gains, because capital gains aren’t taxed (at least not to the level of a salary). Third, raising income taxes won’t fix the problem because so much of what they get every year isn’t classified as income. Don’t sell a wealth tax as a way to raise money for this project or that, or even to generally supplement what a government has for its budget. Sell a wealth tax because people that rich warp our society, culture, and politics. People that rich and income that unequal is a problem all by itself. xaxnar quoted Robin Givhans of the NYT discussing the show Your Friends & Neighbors about a former hedge fund manager and member of the Epstein Class.

We’re conflicted by the financial success of others. We always think we’d be better at being rich — more empathetic and philanthropic, better dressed and better behaved — than the people who actually are. You think you wouldn’t be a jerk, until you realize being the only decent soul in a room full of rich jerks makes you feel like a sucker.

Walter Einenkel of Kos posted a speech by New York City Mayor Zohran Mamdani, discussing his plans to tax the rich. Use the reason that taxing the wealth can help the poor if you need to. Mamdani said:

We’re here today talking in some ways about art, but in other ways also about affordability and the importance of a tax on a secondary home worth more than $5 million is that it raises half a billion dollars and that is money that makes our streets safer.

Alonzo del Arte of the Kos community wrote that Mandle Cheung, CEO and chairman of ComputerTalk, merely a multi-millionaire, has a new hobby. That is to make a hefty donation to an orchestra with the provision he gets to conduct that orchestra. His usual choice of repertoire is the Second Symphony of Gustav Mahler, one of the biggest pieces for orchestra, one you don’t give to even the best freshmen in a conducting class. He also has his own orchestra, the Mandle Philharmonic in Canada. The Royal Philharmonic has scheduled a concert for later this week with Cheung directing. Del Arte has a problem with their advertising. It doesn’t say the professional orchestra and soloists will be led by an amateur conductor who paid money to do so. In the comments of the July 24 pundit roundup for Kos are some interesting cartoons and memes. In response to a NewsWire tweet that says the House rejected an amendment to cut off aid to Israel, Dr. NSPM-7 Whoa wrote:

You have no healthcare, can’t buy a house, rent is almost unaffordable, food is skyrocketing, no paid leave, no childcare. But your tax dollars will fund a foreign country with healthcare, paid leave, childcare + funding the entire lives of unemployed settlers & the orthodox.

A cartoon posted by exlrrp shows protesters holding signs:

Save U.S. Forests! Home for our Homeless Save U.S. Schools Fund our National Libraries Protect our Constitution Bring U.S. Troops Home! Healthcare for All!

A guy in a suit comments to a colleague, “It’s awful how they hate America!” A meme posted by exlrrp about something that was big in the news before my travels and appears to still be a thing.

You have died of diarrhea lettuce because some DOGE kid used AI to decide safe quality foods are woke.

A meme by skol_vikings 21 shows packets of $100 bills. “The lettuce that Trump got form Taylor Farms is different from the lettuce they gave us.” In the pundit roundup for July 29 Greg Dworkin quoted Seth Masket writing for Substack and discussing why Democratic Socialists are having a moment now. I’ll summarize: People over 45 grew up when socialism was equated with communism, which was evil. Younger people believe capitalism isn’t all that great. Young people are frustrated our political system does not allow for criticism of Israel and the US support for it. A tweet from Acyn: Senator Thune says there isn’t enough Republican votes to get rid of the filibuster: I’ve had this conversation with the president many times. The votes are not there to do it. I know he thinks he can persuade people, but this is a hard position for a lot of Senate Republicans. Sahil Kapur added:

I’m a broken record on this, but again: Senate Republicans oppose nuking the filibuster because they believe the 60-vote rule blocks many more liberal goals than conservative goals in the long haul. Liberals have come to the same conclusion hence they mostly favor nuking it.

A tweet from Lakshya Jain includes a link to an article in The Argument Mag. The tweet says:

Today, far more people seem to agree with the left-coded view of elites ("billionaires") rather than the right-coded view ("college educated liberals and academics"). That may lend some surprising potency to today's forms of Democratic populism.

Way down in the comments exlrrp posted a meme:

Republicans: “Democrats were the slave owners. Republicans never owned slaves.” Democrats: “We’re taking down the monuments.” Republicans: “Leave our heritage alone!!!”

In the comments of yesterday’s roundup exlrrp posted a meme. The upper portion shows presidents

The IRS has audited every President annually for decades to ensure there was no corruption. Only one president found that to be a problem.

In the comments of today’s roundup exlrrp posted a meme:

Donald Trump wants to create a “paid version” of his “Truth Social” app. Users will pay $100,000 per month. Paid members will get priority access to all of his posts several minutes before anyone else, enough time for paid members to make life changing stock trades... while leaving non members in the dust. This is called insider trading. And it’s illegal. Donald’s plan is for the rich to get richer and everyone else gets f---ed.

David Michigan posted a tweet by Greg Sargent listing seven narratives that are key to understanding neofascism. I’ve condensed them a bit:

1. Only white people can sustain the highest culture, Western Civilization. 2. Different cultures are zero-sum, leading to violent conflict. 3. Violent masculinity is needed to save Western Civilization. 4. Women aren’t capable for that job. They’re to breed the race, not lead it. 5. Western leadership has been feminized, corrupted, and contaminated. 6. The contamination must be purged from politics and society. 7. This will restore whiteness to its previous (mythic) glory.

Bill in Portland, Maine, in his Cheers and Jeers column for Kos quoted late night commentary.

“The top one percent put the American Dream behind a paywall.” —Texas U.S. Senate candidate James Talarico (D) at a campaign rally “My answer to everyone who’s hurting is, look at who’s in control. On the federal level, it’s Republicans across the board—Democrats control absolutely nothing. In a state like Texas, it’s Republicans across the board. And it’s so funny cuz they campaign on everything they’re gonna fix. I’m like, but you’re the ones that’ve been breakin’ it! It’s wild, because it’s like: Let me be the arsonist, but I’m also gonna be the firefighter.” —Rep. Jasmine Crockett (D-TX) on Jimmy Kimmel Live