Paul Krugman in NYT: “The first thing you need to know about the very rich is that they are, politically, different from you and me. Don’t be fooled by the handful of prominent liberal or liberal-ish billionaires; systematic studies of the politics of the ultrawealthy show that they are very conservative, obsessed with tax cuts, opposed to environmental and financial regulation, eager to cut social programs.
“The second thing you need to know is that the rich often get what they want, even when most of the public want the opposite. For example, a vast majority of voters — including a majority of self-identified Republicans — believe that corporations pay too little in taxes. Yet the signature domestic policy of the Trump administration was a huge corporate tax cut.”
Yes, the rich have too much political influence.
Walter Shapiro in The New Republic: “Before the final game of the 1944 World Series, a veteran sportswriter looked at the two bedraggled teams gathered at Sportsman’s Park in St. Louis. During the last year of World War II, with their star players in Europe or the Pacific, both teams were filled with aged has-beens and younger 4-Fs. Assessing their odds, the baseball writer said sadly, “I don’t see how either team can win.”
“The same could be said of the vast field of Democratic contenders gathered outside Columbus, Ohio, for the fourth debate of the primary season.
“Sure, most of them could probably defeat a ranting, raving Donald Trump in November 2020. But winning the nomination and standing with arms raised in triumph on the stage of the Milwaukee convention seems a stretch for all of them from Joe Biden on down. …
“By the spring of 2020, as the Democrats choose a nominee, it will seem so clear, so obvious, so inevitable. But, despite the premature certainty of those rushing to anoint Biden or Warren, I still see a cloudy future that should chasten handicappers everywhere.”