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In the final stages of the 2024 presidential election, it appears that the only thing Vice President Kamala Harris is doing well is fundraising.
Cash is flowing into its coffers on such a scale that some reports suggest the campaign is reluctant to be visible.”bragging” about it.
Of course, this confirms – just like Donald Trump winning Hillary Clinton did in 2016 – that no amount of money can make up for a terrible candidate.
And boy is Kamala Harris, a terrible candidate.
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From her embarrassing, scripted, and content-free teleprompter speeches, to her fear of answering real questions, to the disastrous answers she gives even to completely predictable questions, it's easy to see why Kamala Harris's previous presidential campaign descended into mediocrity, failure, and toe. -indicating a sugar high at the time of release.
It's harder to understand why Democrats thought it would be different this time. The only thing that has changed since 2020 is that Kamala Harris was also a flop as vice president.
Nevertheless, there seems to be a group of Americans who still feel “joy.” Unfortunately for the Harris campaign, these are not black men, Latinas or any other large group of voters.
Instead, it is a very small group indeed: billionaires. Yes, the same “billionaire class”. Sen. Bernie Sanders, I-Vt., opposes hand-waving while imagining a socialist utopia, according to recent reports Kamala doesn't give a damn reporting.
What could explain this apparent contradiction, that the traditional party of the left gains the support of the ultimate beneficiaries of capitalism?
Well, the answer is simple: the fact that these people are so financially successful means that they can afford to engage in personal painless virtue signaling by supporting policies that would cause real hardship for those less fortunate.
Who cares if the Kamala Harris administration continues to do this inflating energy costs with a renewed attack of “climate extremism”? Billionaires will barely notice the extra fees for their private jets. In winter, they won't have to choose between heating the house and cooking food. They will most likely be in St. anyway. Bart's.
These are not bad people. Living and working in Silicon Valley, I know some of them personally – for example, Reid Hoffman, co-founder of LinkedIn and arguably Donald Trump's leading billionaire antagonist, was a major investor in my tech startup many years ago. He recently he found himself in hot water over claims that he and other billionaire donors tried to buy results, such as lax antitrust enforcement.
But I don't think it's about supporting business interests. That's why they have an army of lobbyists.
No, supporting Kamala Harris – or, more precisely, opposing Donald Trump – is not a primarily financial or even political decision: rather, it is a cultural and psychological decision.
After all, it's hard to find a rational explanation. In all major policy categories: economic, homeland security, foreign affairs and national security, Trump's performance while in office was significantly better than the performance of the Biden-Harris years.
However, from the moment Trump appeared on the political scene in 2015, one could feel the revulsion of the wealthy elite. He's just not to their taste. They think he's “vulgar.” How terrifying is it that he likes McDonald's!
Of course, cultural snobbery must be put into some kind of principle, which is why the focus was on the endlessly repeated statement that Trump is a “threat to democracy.” Even if it's the Democratic Party Actually undermining democracy, e.g invalidation of elections here in California.
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For some, the psychological desire to support Kamala Harris may be an age-old motivation to assuage guilt. In this sense, it can be seen as another form of philanthropy. (Except that philanthropy, generally speaking, helps people.)
To be clear, I have nothing against billionaires. I wholeheartedly support the free enterprise system. My parents were working-class immigrants from communist Hungary, so I don't spare the wealthy. If they achieved financial success through hard work and talent, good for them.
But for as long as I can remember, my focus in politics has been on helping people climb the ladder of opportunity. And it became increasingly clear to me that the establishment political consensus of the last 50 years had failed working people badly.
This is why I supported Brexit in 2016 and then Trump. That's why the topic of my Fox News show “The Next Revolution” and the book I wrote in 2018 was “Positive Populism.”
I said then that the Republican Party had a chance to become a “multiracial coalition of the working class.” After nearly a decade of Trump's leadership of the GOP, this opportunity has become a reality.
It is based on economic performance. During Trump's presidency, for the first time in half a century, the earnings of people at the bottom of the income scale grew faster than those at the top.
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That is why we are witnessing this extraordinary political transformation in America, in which the GOP is becoming the party of workers and the Democrats are becoming the party of billionaires.
And ironically, it was a billionaire who did it – Donald Trump, a blue-collar billionaire. Its cultural appeal and political success created a truly historic political revolution in which Republicans represented the working class of all races and backgrounds, leaving Democrats and their billionaire supporters orphaned as the party of the rich, white, and woke.
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