Friends,
Speaking in Charlotte, North Carolina, yesterday, at his first campaign rally since President Biden dropped out of the race and Kamala Harris became the presumptive Democratic candidate, Trump deployed his usual barrage of lies and smears.
He called Harris “the ultraliberal driving force behind every single Biden catastrophe,” a “radical-left lunatic,” and “Lyin’ Kamala.” He said she was “much worse” than Biden and accused her of taking part in a “cover-up” in response to concerns about Biden’s fitness for the presidency.
After repeatedly insulting Biden’s intelligence — calling him “stupid” and “low IQ” — Trump mocked Harris for having failed the California bar exam the first time she took it. And after insisting for months, without evidence, that Biden was the mastermind behind all four of the criminal cases against him, Trump is now claiming that those cases were “all headed up” by Harris.
Despite his blather about “uniting” America at last week’s Republican convention, Trump continues to be the emissary of division, fear, and lies — a man who has repeatedly sacrificed democracy to his personal ambition.
A few hours after Trump’s rally, President Biden illustrated the opposite. During a prime-time address from behind the Resolute Desk in the Oval Office, he said, “I revere this office, but I love my country more.” He added: “Nothing, nothing can come in the way of saving our democracy. That includes personal ambition.”
I’m more hopeful that the better angels of America’s nature, as represented by Joe Biden and Kamala Harris, will prevail than I’ve been in months. But I worry about the undertow of authoritarian fascism, especially when supported by big money.
For many years I’ve argued that the consolidation of great wealth in the hands of a few undermines our democracy. Wealth is most dangerous when transformed into political power.
Elon Musk is the poster child for this concern.
One way Musk is transforming his gargantuan wealth into political power is by committing $45 million a month to a new pro-Trump super PAC founded and funded in May by other tech oligarchs, according to recent reporting. On Tuesday, Musk distanced himself from that claim, saying that the actual amount is lower.
Either way, we may never know how much Musk is plunking down for Trump because of Musk’s avowed distaste for groups whose donors must be legally disclosed. Musk prefers to wield his political power through dark money.
A second way Musk is transforming his wealth into political power is by posting pro-Trump, anti-Kamala Harris messages to his 189 million followers on X, formerly known as Twitter.
The reason Musk has 189 million followers is that he owns X. He can adjust its algorithm to give his tweets maximum exposure and effectively buy and capture huge numbers of X users.
Immediately after Biden withdrew from the race, Musk interacted with and reposted a number of X posts mocking and criticizing Harris while expressing support for Trump.
Musk retweeted former Republican candidate Vivek Ramaswamy, who said: “We’re not running against a candidate. We’re running against a system.”
Musk also tweeted out a video of Harris in which she said the pronouns she uses and described her appearance for the accessibility of blind people. Musk captioned the post: “Imagine 4 years of this … ”
Musk also retweeted and expressed approval of comments made by a QAnon-linked influencer who had tweeted Biden’s resignation letter with the remark “Democrats destroy democracy in pursuit of power.” The Anti-Defamation League has highlighted this influencer as one of the “extremists and conspiracy theorists” that Musk’s X has allowed back on to the platform.
A number of X users have complained on the platform that they have been unable to follow the @KamalaHQ account, the official rapid response page of the vice-president’s presidential campaign. Instead, the users found a message that said they had reached their “limit” and could not follow any more accounts at this time.
Trump is obviously delighted with Musk. The former president is reportedly thinking about offering the multibillionaire an advisory role in his administration, if there’s a second Trump presidency.
In all these ways, Musk and Trump seem on the way to merging into a single vortex of wealth and power.
Maybe we should call it the Mump — the joining together of two rich and famous narcissists who crave attention, lie through their teeth, enjoy provoking critics, hate labor unions, refuse to be held accountable for anything, and have utter contempt for democracy.
Toward the end of America’s first Gilded Age, Louis Brandeis, the eminent American jurist, said: “We must make our choice. We may have democracy, or we may have wealth concentrated in the hands of a few, but we can’t have both.”
Musk demonstrates the truth of Brandeis’s insight now, in America’s second Gilded Age.
High on the list of legislative objectives for Harris and the Democrats, if they regain power, should be a wealth tax that makes it impossible for future Mumps to use their great wealth to undermine democracy.
If a wealth tax is not politically feasible, an alternative would be to end the “stepped-up basis” inherent tax rule that allows heirs to great fortunes to avoid paying a dime of capital gains taxes.
What can you do about Musk in the meantime? Boycott Tesla and tell advertisers to boycott X. And work as hard as you can to make Kamala Harris our next president.
Today at his rally, in addition to the things Professor Reich lists, Darth Rumpus ranted about how people said he was changed after the assassination attempt and whether or not it made him nice:
“…So if you don’t mind, I’m not going to be nice. Is that ok?”
As if he would have the first idea how to be nice, or decent or compassionate. As has been said so often, when he tells you who he is, believe him. Not the lies about what he will accomplish but about how he will act. Then contrast this with Biden’s speech this evening as he passes the torch and how Vice President Harris spoke of growing working families and the middle class. Who do you want representing us to the world?
I wouldn't buy a Tesla anyway. Musk has lied about its "self-driving" capabilities and, finally lost a case in which he tried blaming the driver's death on the driver's "misuse" of the "self-driving" function. When other companies started bringing out EVs that undercut Tesla's price, he removed one of the safety factors on his "self-driving" package so he could undercut their prices without losing his huge profits.
Given his lies about Tesla and on "X," I wouldn't trust buying anything he makes.