this is spot on
the tax hikes these people go apocalyptic about are, in relative terms, almost always tiny - the MA millionairesβ tax, for example, is 4% on income above $1M
but paying taxes hurts their feelings far more than their wallet
@paulwaldman.bsky.social
Columnist for MSNBC and The Daily Beast. Formerly: Washington Post, The Week, American Prospect. Host of The Cross Section podcast and author of The Cross Section newsletter: paulwaldman.substack.com
this is spot on
the tax hikes these people go apocalyptic about are, in relative terms, almost always tiny - the MA millionairesβ tax, for example, is 4% on income above $1M
but paying taxes hurts their feelings far more than their wallet
βSo far, so goodβ says Jamie Dimon, the King of Wall Street, about Trumpβs deranged tariff policy. How can we solve this mystery?
paulwaldman.substack.com/p/why-wall-s...
Problem is, as a tool for economic development this is incredibly weak. They spend a bunch on construction up front, but once built these data centers employ tiny numbers of people to maintain. Their answer is "But what if we built MORE data centers? Why? Cuz A. Iyeeeeee!!!!" Good luck with that.
01.08.2025 13:22 β π 35 π 12 π¬ 2 π 1Apparently, Wall Street is displeased that unlike other tech giants, Apple isn't flushing hundreds of billions of dollars down any available toilet labeled "A.I." with sufficient vigor and speed.
All the right incentives!
www.wsj.com/tech/ai/tech...
As I argue here, we're going to look back on this period, right now, as the end of the post-1967 era of both US foreign policy and diaspora Jewish identity vis-a-vis Israel. At least we should hope so: paulwaldman.substack.com/p/israels-sp...
31.07.2025 14:35 β π 34 π 12 π¬ 3 π 0βThereβs a lot of things where we may just need better research. Weβve never talked about environmental exposures that may, say, cause cancer.β
Classic right-wing move: Claim that something that has been extensively studied has never been studied before, which is why we can't do anything about it.
In half the corporations in America they're scrambling to slap some AI bullshit on whatever they do, not because it accomplishes anything for their employees or their customers but because the bosses have been told it's the future and they'd better get on board or they'll be left behind
31.07.2025 12:59 β π 77 π 24 π¬ 3 π 0Behold, the leading political philosopher on the right.
30.07.2025 21:39 β π 2703 π 611 π¬ 207 π 205What a surprise, Elon Musk never really cared enough about starting a third party to do anything about it, and it'll never happen
www.axios.com/2025/07/30/e...
Are all the Silicon Valley bros still eating that Soylent goop? What happened to that?
30.07.2025 20:52 β π 12 π 0 π¬ 5 π 0They issued kind of a milquetoast statement saying they don't approve but also faculty senates should get too involved in politics.
30.07.2025 20:51 β π 1 π 0 π¬ 1 π 0And here's my latest at MSNBC, on the Justice Department going after the George Mason faculty for the crime of expressing support for the president of the university. Republicans truly are committed to free speech on campus.
www.msnbc.com/opinion/msnb...
What if Israel was just another U.S. ally, not one whose position is exalted beyond all others? With growing condemnation of its actions in Gaza, that may be where weβre headed.
My latest at The Cross Section: paulwaldman.substack.com/p/israels-sp...
What now?
30.07.2025 17:47 β π 34 π 10 π¬ 7 π 0This is a complex problem from a practical point of view, but any Democrat who thinks voters reward them for holding the moral high ground should be asked when they arrived here from their home planet, because it certainly couldn't have been more than a week or two ago
30.07.2025 17:41 β π 48 π 13 π¬ 3 π 01. Trump's rural supporters get crappy, expensive satellite internet rather than stable, cheaper fiber that promotes economic development, which the law promised them.
2. Elon Musk gets billions of taxpayer dollars.
All going according to plan.
Excellent thread on the crypto snake oil the admin is selling.
It might be a good idea to war-game the likely future crypto collapse now to prepare for the damage it will do to the economy, which could be as bad as the 2008 financial crisis. But nah, we'll probably just bail out all these scammers.
Good point from @pkrugman.bsky.social: The promises Europe made to Trump on investment and buying US energy are meaningless and won't happen. Maybe the clever way to deal with him is to mimic him: make crazy promises he can tout but will quickly forget about.
paulkrugman.substack.com/p/fossil-fool
Once again, my generation gets the shaft.
On the other hand...
1. We are objectively the worst generation
2. Not being made CEO is a sign you're not a psychopath, so maybe it means we're redeemable after all
www.wsj.com/lifestyle/ca...
Before this they interviewed the executive director of B'Tselem, but before talking to her they read a long statement from the IDF about why everything they're doing is fine.
And yet, I know plenty of American Jews who refuse to listen to NPR because they think it's relentlessly anti-Israel.
Let's not forget that this seat was vacant because Islamaphobic Democrats wouldn't let Biden's appointee be confirmed. And Schumer let the clock run out.
30.07.2025 01:20 β π 4608 π 1084 π¬ 50 π 43what an incredibly sad and miserable way to live
thereβs so many amazing things to do in NYC (and cities everywhere) - imagine being unable to enjoy them because youβre scared out of your mind every time you see someone whose skin is a different color
In exchange for giving the AI companies everything they want, all they have to do is create an anti-woke AI for the government to use.
Call it ChatGPTrump.
My latest at Public Notice: www.publicnotice.co/p/trump-ai-a...
All these right wing bros who are obsessed with who's a "real" man, if they met Trump in person and he said "Drop your pants, get on your hands and knees and say 'Wah wah, I'm a widdle baby' while I spank you" they would do it in a heartbeat
29.07.2025 02:11 β π 63 π 12 π¬ 9 π 1The faculty at George Mason issued a statement supporting the president of the university, so the Justice Department is now investigating the faculty.
This is "You have committed thoughtcrime and will be punished" stuff.
www.nytimes.com/2025/07/28/u...
It is an extraordinary loss of intellectual expertise that the American people invested millions in developing
Every scientist who earns a graduate degree in the US is the product of an investment by the public
This is like setting money on fire
With the departures of Catherine, @pbump.com and @perrybaconjr.bsky.social, things have gone from "There are still some excellent voices at the Post" to "They're probably just going to publish AI-generated columns before long."
The business geniuses there are doing a bang-up job.
Republicans are the βYes we canβ party, and it doesnβt matter that the public doesnβt like what theyβre doing. The results are just as consequential.
paulwaldman.substack.com/p/the-transf...
Josh Hawley is rolling out his compelling 2028 persona, Guy Who Feels Your Pain Now That The Bills He Voted For Made Your Life Miserable
23.07.2025 14:41 β π 1654 π 399 π¬ 72 π 13Try to imagine meeting someone who says "This? It's my AI bracelet that even now is recording every word we're saying. Cool, huh?" Very not cool, you'd say, as you back away and vow never to get within 50 feet of that monster ever again as long as you live.
www.wsj.com/tech/persona...