Betting Against America

Created
Wed, 12/06/2024 - 00:30
Updated
Wed, 12/06/2024 - 00:30
It’s never a good bet Well, this is eye-catching from Jeet Heer: “In other words, a significant portion of America’s economic elite are either autocrats, cowards, or so single-mindedly rapacious that they are indifferent to the survival of democracy.” Heer begins: While Donald Trump’s felony conviction for falsifying business documents is hurting him with independent voters, it has only increased his popularity with a demographic cohort that is much smaller in number—but still has an outsize role to play in election outcomes: the super-rich. Axios reports that a Morning Consult poll shows that 49 percent of independent voters think Trump should drop out of the presidential race because he is a felon. This strong negative result is already in evidence in polls showing that Trump’s persistent lead over rival Joe Biden has shrunk and the presidential race is now dead even. But this bad news for Trump, the BBC reports, has been countered by another development: “Ultra-wealthy Republican donors are rallying behind former US President Donald Trump following his historic trial and criminal conviction.” Indeed, for some tycoons, Trump’s courtroom troubles are reasons for supporting him. For Shaun Maguire, a partner in the powerful Silicon Valley firm Sequoia Capital, Trump’s long list of indictments was a “radicalizing event.” “Bluntly, that’s part of why I’m supporting him,” Maguire wrote in a long post on X (formerly known as Twitter) announcing a $300,000 donation to Trump’s campaign. “I believe our justice system is being weaponized against him.” Aside from Maguire, the BBC lists other extremely wealthy Trump supporters, including casino…