Archives for category: Billionaires

Larry Ellison, founder of Oracle, has recently been contending with Elon Musk for the title of world’s richest man. Both have wealth in the neighborhood of $350-400 billion. I mean, really, who cares? I can think of so many ways they could do something good for others with all that moola-boola, but no! They are on a power trip. Instead of feeding hungry children or endowing a hospital or funding wells in African villages, they buy self-aggrandizing toys.

Elon Musk wants to build a rocket to Mars and control the world’s satellite communications systems.

Larry Ellison bought CBS. He’s a friend of Donald Trump. CBS cancelled Stephen Colbert’s show. Colbert ridicules Trump. His show will be on the air until May so he has months in which to make jokes about Trump.

But CBS was not enough now Ellison wants to buy CNN and HBO. In its headline, the New York Times calls Ellison “the Billionaire Trump Supporter Who Wants to Own the News.”

William D. Cohan writes:

Larry Ellison is already a major stakeholder in CBS and Paramount. Now CNN, HBO and a major share of TikTok are in his sights. If all goes as anticipated, this tech billionaire, already one of the richest men in the world and a founder of Oracle, is poised, at 81, to become one of the most powerful media and entertainment moguls America has ever seen.

For the rest of us, the effect of Mr. Ellison’s gambit could be every bit as consequential, if not more so, than what happened a generation ago when Rupert Murdoch brought his brand of Down Under snark and cynicism to create what has become Fox News, intensifying our political polarization.

Mr. Ellison’s expected incursion into Hollywood and Big Media, if successful, could also go well beyond what other tech moguls like Jeff Bezos and Marc Benioff have attempted through their acquisitions of The Washington Post and Time magazine, respectively. For those men, the acquisitions were more like expensive hobbies.

Mr. Ellison is up to something very different: transforming himself into a media magnate. Along with his son, David, he could soon end up controlling a powerful social media platform, an iconic Hollywood movie studio and one of the largest content streaming services, as well as two of the country’s largest news organizations. Given Mr. Ellison’s friendship with, and affinity for, Donald Trump, an increasingly emboldened president could be getting an extraordinarily powerful media ally — in other words, the very last thing our country needs right now.

This consolidation of the news media is not good for democracy. What will freedom of the press mean if billionaires control the news?

Open the link to continue reading.

Our allies at Pastors for Texas Chuldren fought courageously against the passage of voucher legislation but were ultimately defeated by Governor Abbott’s plan to oust moderate Republicans from the legislature.

Funded by Pennsylvania billionaire Jeff Yass and Texas billionaires Farris Wilks and Tim Dunn, both of whom are Christian pastors and nationalists, Abbott managed to defeat the moderate Republicans who worked with Democrats to beat vouchers.

Now the Pastors have set their sights on minimizing the damage done to children by standardized testing. For many years, Texas legislators have been obsessed with test scores. They never consider the harms done by the tests to students, teachers, and the love of learning.

The Pastors did, and they issued this statement:

At Pastors for Texas Children, we believe every child is a precious gift of God, created with unique abilities and potential. Yet for decades, our public schools have been forced to rely on standardized testing as the primary measure of learning and progress. These tests were designed with good intentions, but in practice, they have done real harm to our children, our teachers, and our schools.

Standardized testing narrows the curriculum, reducing education to what can be measured on a multiple-choice exam. It discourages creativity, critical thinking, and the joy of learning. Instead of nurturing a child’s individual talents, testing forces them into a one-size-fits-all mold. For many students, especially those from vulnerable communities, these tests add unnecessary stress and stigma, often labeling children by a single score rather than recognizing their God-given worth.

Teachers, too, are burdened. Their ability to teach with passion and flexibility is restricted when their professional value is tied to test results. Entire classrooms are transformed into test-prep factories, rather than places of discovery, curiosity, and growth. Public schools—the foundation of our democracy—are weakened when accountability is reduced to a number on a page.

HB 8 purports to mitigate the damages of standardized testing and fails. The version advancing out of the Senate is even worse. There is still time to fix this bill, but the clock is ticking. Call your State Representative now and tell them to remove high stakes from these assessments and strip TEA of its authority to administer them. 

Our faith calls us to see children as whole beings, not data points. We must move toward assessments that encourage true learning, affirm student progress, and honor the dedicated work of educators. Texas children deserve classrooms that inspire and equip them, not testing regimes that drain and demean them.

We urge you to join us in advocating for an end to the overreliance on standardized testing in Texas public schools. Let us stand together for education that celebrates the fullness of every child’s potential.

Fifteen years ago, I wrote a book about the the danger that school choice and testing posed to public schools. Its title: The Death and Life of the Great American School System: How Testing and Choice Are Undermining Education. I named a few of the billionaires funding the attacks on public schools, teachers, and unions–Bill Gates, Eli Broad, and the Walton family–calling them “The Billionaire Boys Club.” Little did I know that they were the tip of the billionaire iceberg.

My hope in 2010 was that public school supporters would block the privatization of their schools. Public schools are as American as apple pie. I wanted the public to wake up, rally around their public schools, and repel the hedge fund managers and billionaires who were funding the privatization movement.

I was too optimistic.

The attacks escalated, fueled by the political power that money buys. The major media bought the corporate reform narrative hook, line, and sinker.

Neoliberal corporate reform brought us high-stakes standardized testing, A-F ratings for schools, charter schools, school closings, and rating teachers by the test scores of their students. And cheating scandals. All to get higher test scores, which never happened.

Now, Jennifer Berkshire asks on her blog The Education Wars whether it’s all over for public schools. Jennifer appreciates the importance of public schools as community builders and civic institutions that serve the common good.

Please read her smart take on the state of public education today:

I won’t lie. If you’re a member of Team Public Education, as I am, it has been a tough summer. And if you, like me, have been sounding the alarm about the dangers of school privatization, it’s impossible to ignore the sense that the future we’ve been warning about has arrived. Five years ago, education historian Jack Schneider and I wrote a book called A Wolf at the Schoolhouse Door: the Dismantling of Public Education and the Future of School that culminated in a sort of “Black Mirror” chapter called “education a la carte.” In it, we described how the ultimate vision of school privatization advocates wasn’t simply to shift the nation’s youngsters into private schools, but to ‘unbundle’ education into a vast array of products for consumers to purchase on Amazon-like exchanges. Lest you think we were exaggerating, turn your attention to Florida, where, as Sue Woltanski documents, project unbundle has arrived with a vengence.

Florida, as usual, is slightly ahead of the curve. But the accelerating collapse of public schools in the state, chronicled in this recent New York Times story, pushed along by the now universal school voucher program, will soon be coming to a state near you. The NYT piece, by the way, was just one of many ‘are public schools over?’ stories to drop in recent weeks. The Washington Post version headed to peer in the window of the GOP vision for education. Spoiler: it entails replacing public schools with “a marketplace of school options.” Then, of course, there was the annual PDK survey of attitudes towards public education, which found both sinking approval of the nation’s schools (with the usual exception for local schools) and rising warmth towards the idea of private school vouchers. As legal scholar Derek Black put it, “The deep well of faith in public education has a disastrous leak.”

To understand what’s happening, I’m going to pause here to spend some time with yet another of the ‘are public schools through?’ stories, Chandler Fritz’s eye-opening new feature for Harper’s“The Homemade Scholar.” Fritz, a teacher and writer who pens the “Arizona Room” newsletter, took a job at a private religious microschool in order to get a close up view of Arizona’s education marketplace, what he describes as “a new frontier in American education.” I recommend paying attention to this piece because 1) Fritz is a terrific writer and 2) he provides real insights into the appeal of vouchers, or as they’re billed in AZ, education savings accounts—something my own writing rarely reckons with. 

Fritz finds a grab bag of reasons that students and parents are drawn to this particular microschool, most of which will be familiar to you: a hunger for ‘customization,’ the desire for religious instruction, the appeal of a small setting, conservative backlash against public education. But there’s another reason we don’t hear as much about—the opposition to the standardized testing that shapes every aspect of what’s left of our public schools. Fritz’s piece is long (the audio version clocks in at nearly an hour), and infuriating in parts, but his observations regarding the attitudes of these ‘education consumers’ towards standardized tests get straight to the point: they hate them.

Bad math

A similar theme pops up in Dana Goldstein’s recent portrayal of the impact of vouchers on schools in Florida’s Orange County. While three quarters of the schools in the district earned an ‘A’ or a ‘B’ on the state’s school accountability report card, parents are eager to free their kids from the burden of taking the state tests, something Florida education watchdog Billy Townsend has been tartly observing for years. Now, I mention opposition to standardized testing here because, even in our deeply divided times, it is a cause that unites parents across virtually any line of division. If you don’t believe me, head down to Texas, where, in addition to re-gerrymandering the state’s electoral maps, legislators have also been pretending to address the popular revolt against the STAAR Test.

But there’s another reason to revisit the antipathy to testing. While you’ve been distracted by the relentless tide of bad and worse news, what’s left of the education reform movement has been busy reemerging, zombie style, seemingly without having learned a single thing about why it flopped in the first place. There are overt signs of the zombie’s return—like Democrats for Education Reform trying to rally the party around a vision of education ‘abundance,’ or Andrew Cuomo, flailing in the NYC mayoral race, now rebranding himself as the education reform candidate with a pledge to shut down failing schools and replace them with new ‘schools of promise.’ Then there’s the pundit-level narrative taking shape in which education reform was working just great until the teachers unions ruined everything and/or Democrats lost their nerve.

This version of events, encapsulated in this recent David Brooks column, goes like this:

School reform was an attempt to disrupt the caste system, to widen opportunity for the less privileged. Presidents Bill Clinton and Barack Obama angered core Democratic constituencies like teachers unions in order to expand opportunity down the income scale. But now Democrats have basically given up. Joe Biden didn’t devote much energy to education reform. Kamala Harris ran for president without anything like a robust education reform agenda.

Brooks goes on to cite Michael Petrilli on the ‘Southern surge,’ the rise in test scores in Mississippi, Alabama, Louisiana and Tennessee (but not Florida) that has education reformers so excited. Kelsey Piper, authoress at the brand new outlet the Argument, is excited too. In her back-and-forth with leftist policy analyst Matt Bruenig over the question of whether giving parents cash benefits poor children, Piper comes down squarely on the side of fixing the schools.

I think school reform after school reform has served every conceivable interest group except students (who do not vote) and so have failed to meaningfully increase literacy and numeracy, even though we now have a road map for how to genuinely let every child thrive.

If you guessed that the ‘road map’ referred to here is Mississippi, you would be correct. Mississippi, by the way, is a national leader in child poverty levels, an honor that the state, which just eliminated its income tax, seems determined to hold on to.

Proxy war

Such ‘if only the band would get back together’ takes somehow miss what a flop much of our recent version of education reform turned out to be. Here’s a partial list. The backlash to Common Core on the right didn’t just help to usher in Donald Trump but played a role in transforming the GOP from the party of big business (which was all in on pushing the Common Core standards) to one dominated by aggrieved populists. And the over selling of college tapped into a well of resentment so deep that the entire system of higher education is now threatened. Then there is the relentless push to narrow the purpose of school down to standardized testing and workforce prep, a bipartisan cause that, as I argue in a forthcoming essay in the Baffler, has now been abandoned by the right in favor of education that prizes ‘virtue’ over vocation, even as many Democrats continue to beat the ‘career readiness’ drum.

I’m not the only one to point this out, by the way. Teacher-turned-writer Nora De La Cour makes a compelling case that the appeal of so-called classical charter schools is due in part to the damage done to public education by neoliberal education reform. Students at these rapidly spreading classical schools encounter the ‘great books.’ Their public school peers get “decontextualized excerpts in corporate-produced test prep materials,” writes De La Cour.

Which brings me to the main point of this piece. (Finally!) Part of what’s so frustrating about our current moment is that by leaning into a deeply unpopular vision for public schools—test them, close them, make them compete—a certain brand of Democrat is essentially incentivizing parents to seek out test-free alternatives. Consider too that we’re in the midst of a fierce intraparty debate over what Democrats need to do to win. For the education reform wing of party, the answer to the question is to go hard at teachers unions and double down on school accountability, while also embracing school vouchers. 

While this vision is inherently contradictory, it’s also a loser with voters. There may be no single less appealing sales pitch than ‘we’re going to close your school.’ Just ask former Chicago mayor Rahm Emmanuel, who was so unpopular in the city’s minority neighborhoods after shuttering 50 schools that he couldn’t run for reelection. As voucher programs expand rapidly, we’re about to enter a new era of school closures. If you don’t believe me, just check out this statement from a CATO Institute spox in response to that WaPo story on Arizona:

It’s tough for some families when their school—public or private—closes. Kids miss their friends, teachers worry about their jobs, parents have to adjust their transportation plans. But stories bemoaning public schools losing enrollment due to school choice policies are missing the point. Should parents who want a different option for their children be forced to stay in their assigned school in order to prop it up? Of course not. Public schools had a virtual monopoly on enrollment for decades, but no school can serve the unique needs of all the children who happen to live near it. As we continue down the path of more educational freedom, some schools will rise to the challenge and others will close. We shouldn’t sacrifice children’s futures in an effort to save schools that aren’t meeting their needs.

Close readers will note the moving goal posts—that we’ve moved from school choice as a means of escaping ‘failing schools’ to escaping any kind of school. But the bottom line is that we’re just supposed to accept that ‘education freedom’ means that lots of schools will be closing. Or take the ‘back to the future’ sales pitch for microschools, in which parents “form pods in church basements, barns, and any space they can find. Teachers are launching microschools in their garages.” This vision of what proponents like to call ‘permissionless education’ is one many parents, indeed entire communities, will find difficult to make sense of. It also seems like a gimme for Democrats who are trying to differentiate themselves from the right’s hostility to public schools. 

I want to end on a hopeful note, because I’ve depressed us all enough by now, but also because there are some hopeful signs out there. While the education reform zombie may be reemerging, well funded as ever, a growing number of Democrats are showing us what it sounds like to run as an unabashed advocate for public schools. There’s Graham Platner, the challenger to Susan Collins in Maine, who calls out the endless attacks on public schools and teachers as “the tip of the assault on all things public.” Or how about Nathan Sage in Iowa, who puts the defense of public education at the center of his populist platform:

Public schools are the heart of our Democracy, and Republicans are tearing them down brick by brick, while treating our heroic public school teachers like dirt. They are underfunding our public schools and are diverting billions of taxpayer dollars to private schools and into the pockets of billionaires behind them.

To this list I could add Josh Cowen and Abdul El-Sayed in Michigan, or Catelin Drey in Iowa, who, if she pulls off a win in today’s special election to fill a state senate seat in a district that Trump carried by 11 points, will end the GOP’s supermajority in that chamber. Drey, by the way, is running as a pro-public-education-candidate and an outspoken opponent of Iowa’s controversial universal school voucher program. Plenty of influential Democrats will insist that that message is a loser. That the way for Democrats to win is to run against public schools—to talk about what failures they are, why we need to get tougher on them, and how maybe we don’t actually need them after all. I think they’re wrong, and that voters agree.

Drey did win in Iowa, decisively, proving that a pro-public education stand is a winning message. Drey won 55% of the vote in a district that Trump carried. Her victory broke the Republican supermajority in the state senate.

Trump and his compliant allies in Congress took pride in the One Big Ugly Bill that they passed in early July. But it offers reasons for shame, not pride. The Trump bill finances tax cuts for the richest Americans by cutting food for schoolchildren and Medicaid for millions of children.

The Republican budget bill locks in benefits for the rich and hunger for children of the poor.

Imagine laughing, applauding, and feeling proud of this heartless bill! I

President Trump Signs His "Big, Beautiful Bill" Into Law And Celebrates Independence Day At The White House

President Donald Trump, joined by Republican lawmakers, signs the One, Big Beautiful Bill Act on July 04, 2025 in Washington, DC. The Congressional Budget Office estimates that the bill will cut federal spending on SNAP by around $186 billion over the next decade. Samuel Corum—Getty Images

Becky Pringle, President of the NEA, writes in TIME magazine about the shamefulness of this legislation.

She writes:

Hunger in America’s public schools is a real problem, and it is heartbreaking. As the head of the largest union of educators in the country, I hear stories almost daily of how kids struggle and how schools and teachers step up to fill the gaps. It’s the school community in Kentucky filling a Blessing Box with foods to help fellow students and families who don’t have enough. It’s the teacher in Rhode Island who started a food “recycling” program to ensure no food goes to waste and to give students access to healthy snacks like cheese sticks, apples, yogurt, and milk.

School meals are more than a budget line item. They are lifelines that help millions of students learn and grow. But as families across America prepare for the new school year, millions of children face the threat of returning to classrooms without access to school meals.

President Donald Trump’s newly-signed tax bill, which Republicans overwhelmingly voted to pass, slashes food assistance benefits via the Supplemental Nutrition Assistance Program (SNAP) by an estimated $186 billion over the next decade—thelargest cut in American history. These devastating reductions will result in an estimated 18 million children losing access to free school meals.

The cuts shift the cost of school lunches to the states, costing them more than they can afford when they are already grappling with tighter budgets and substantial Republican-led Medicaid cuts.Twenty-three governors warned these cuts will lead to millions of Americans losing vital food assistance.

It’s hard to understand if you’ve never faced hunger, but millions of American children do not have access to enough food each day. In a recent survey of 1,000 teachers nationwide, three out of every four reported that their students are already coming to school hungry. 

Our children can’t learn if they are hungry. As a middle-school science teacher for more than 30 years, I have seen the pain that hunger creates. It’s the student who skips breakfast so she can give it to her little brother. It’s the student who misbehaves because his stomach is rumbling. It’s the students who struggle in class after a weekend where they didn’t have a single full meal. Educators see this pain everyday, and that’s why they go above and beyond—buying classroom snacks with their own money—to support their students. 

Free school meals represent commonsense and cost-effective public policy. They don’t just prevent hunger, they help kids succeed. Decades of research reviewed by the Food Research & Action Center shows that when students participate in school breakfast programs, behavior, academic performance, and academic achievement go up and tardiness goes down. When I stand in a room of bright and curious children, it breaks my heart that some of them are going without the food they need to learn and thrive—not because America can’t afford to feed them, but because adults in Washington decided they’d rather spend the money on tax breaks for the ultra-wealthy.

The cuts from the Republican tax bill will hit hardest in places where families are already struggling the most, especially in rural and Southern states where school nutrition programs are a lifeline to many. In Texas, 3.4 million kids, nearly two-thirds of students, are eligible for free and reduced lunch. In Mississippi, 439,000 kids, 99.7% of the student population, were eligible for free and reduced lunch during the 2022-2023 school year.

These are not abstract numbers. These are real children who show up to school eager to learn but are instead distracted by hunger and uncertainty about when they will eat again. America’s kids deserve better. 

The National School Lunch Act of 1946 laid the foundation that public schools are places where children can receive a free breakfast and lunch each day. This shouldn’t be a partisan issue. For decades, Republican and Democratic administrations alike expanded school lunch programs, operating under the shared understanding that no child should go hungry at school in the richest country in the world.

But the extreme right wing of today’s Republican Party has walked away from that moral consensus—ripping away these programs to give another tax break to billionaires.

The Trump Administration’s authoritarian blueprint outlined in Project 2025 takes the anti-public education attacks even further by attempting to gut the Department of Education and to send tax dollars to private schools, and promoting ideologically-driven book bans and classroom censorship.

And now, as the Trump Administration and its allies work to destroy public education, they also have attempted tointimidate the National Education Association and our 3 million educators. They know we are powerful and vocal advocates for students and a formidable opponent to their attacks on public education. Last month, the relentless efforts of organized educators and our allies got the Trump Administration to release $7 billion in education funds it had tried to withhold.

Together, we will fight forward: for our vision where every student attends a safe, inclusive, supportive, and well-resourced public school, which includes nutritious meals for all students regardless of race or place. 

We are educators. We don’t quit. We will continue to engage with school boards, town halls, state legislatures, and Congress to fight for students. Public education does not belong to politicians trying to dismantle it. It is for every student, parent, and educator who understands it has the power to transform lives.”

Josh Cowen has announced his candidacy for Congress in a swing district in Michigan. The seat is currently held by a Republican.

Josh’s main issues will be education and affordability. He told the AP:

In an interview with The Associated Press, Cowen said federal worker layoffs and cuts to research funding and Medicaid inspired him to run for the Lansing-area seat that Barrett flipped in 2024. 

“What it really means in our daily lives is disinvestment from services that we depend on,” said Cowen, an education policy academic who is known for his research and arguments against school vouchers.

Josh’s latest book, The Privateers: How Billionaires Created a Culture War and Sold School Vouchers, exposed the failure of vouchers to produce academic improvement or to help poor kids. He had spent nearly 20 years as a voucher researcher, working within the studies. He came to realize that most of those students who used vouchers had never attended public schools. Vouchers, he saw, were a subsidy for affluent families.

I sent a contribution to Josh’s campaign. He is the only candidate, to my knowledge, who is running to be an advocate for public schools. We need his voice in Congress. Open this link to send him money for his campaign.

Nick Wu of Politico wrote about his entry into the race:

Democrat Josh Cowen is launching a bid by highlighting education and affordability issues in what is already becoming a crowded primary in a tossup Michigan district.

Cowen, an education policy professor at Michigan State University, singled out the school choice and voucher programs pushed by Michigan Republicans like former Education Secretary Betsy DeVos as part of what inspired him to run for Michigan’s 7th Congressional District in the central part of the state.

“I’m a teacher, and I have been fighting Betsy DeVos across the country on a specific issue, and that’s privatizing public schools,” Cowen said in an interview. “She’s been trying to disinvest, defund commitments to kids and families all over the place, and that’s actually the same fight as everything that’s going on right now — trying to protect investing in health care through Medicaid and other systems — protect jobs.”

Democratic congressional candidate Josh Cowen sits for a photo.

Josh Cowen is running for Michigan’s 7th Congressional District.  |  Cowen campaign

Several Democrats have already announced bids against Rep. Tom Barrett (R-Mich.), who flipped the seat last cycle after Rep. Elissa Slotkin (D-Mich.) vacated it to run for Senate. He could be a tough incumbent for Democrats to dislodge and reported raising over $1 million last quarter

Still, Democrats see the narrowly divided seat as a top pickup opportunity next year, with former Ukraine Ambassador Bridget Brink and retired Navy SEAL Matt Maasdam among the field of candidates running. Cowen brushed off concerns about a contested primary, saying, “They’re going to run their campaigns. I’m going to run mine.”

“I am going to be running really hard on the fact that I am in this community. I’ve been here for 12 years. My kids went to public schools here. My youngest is still there,” he added.

Anand Girihadaras writes in his blog “The Ink” that the billionaire elite have given up their pretense of using their fortunes to make a better world. Two events stripped away the veil: one, the greedy gaudy wedding of Jeff Bezos and Lauren Sanchez in Venice and the announcement by Mark Zuckerberg and his wife Priscilla Chan that they are abandoning their lofty goals of curing the world of disease.

Naked greed is in, big-hearted philanthropy is out. The oligarchs revel in their splendor.

Anand writes:

Like bottomless mimosas and a mother’s unsolicited advice, eras don’t just end. The new thing elbows its way in, the old thing lingers like a houseguest, and they compete for primacy. Only eventually — sometimes long after — do you notice the eclipse.

No one was ever going to announce that the era of performative elite do-gooding had ceded to the era of naked oligarchy. But this week three events made that eclipse clear.

The first was the multi-billionaire Jeff Bezos’s wedding, in Venice, to Lauren Sánchez, who would surely float if she fell into a canal. As celebrities poured into a city already strained by tourism, and the happy couple was photographed frolicking in a literal foam party aboard a yacht, there was an almost refreshing, well, nakedness to the avarice, to the carelessness, to the not-giving of civic fucks.

There was a reminder of the omnipotence and the utter loneliness at the commanding heights: you can get anyone you want to your wedding, and the people you want are the people you’d invite if you told your assistant to run to the dentist’s office, pick up People magazine, write down names in it, and invite them. These are people who have everything, and who don’t have the thing everybody else does.

The second was the inevitable announcement by multi-billionaire Mark Zuckerberg’s charitable foundation, run with his wife, Priscilla Chan, that it is no longer focused on ending all the diseases, as it once promised. Rather, in the Trump era, it is focused on things that would not be any trouble to Trump. “Can we cure all diseases in our children’s lifetime?” read a screen behind the couple at a rehearsal in 2016. The answer turns out to be: No. The Washington Post, owned by the oligarch in the above item, nonetheless rightly warned, in the Zuckerberg-Chan case, of “the risks for communities reliant on wealthy private donors.”

The third event was the passage today of Donald Trump’s and the Republicans’ budget, a document of searing meanness that former Labor Secretary Robert Reich calls the “Worst Bill in History” — a “giant budget-busting, Medicaid-shattering, shafting-the-poor-and-working-class, making-the-rich-even richer bill.” Like the Bezos wedding and the Zuckerberg-Chan pivot, the bill had one refreshing quality, though. It made zero effort to mask its ugliness. It said the cruel part out loud.

There is a nakedness to our oligarchy now, and it is pruny as hell. But at least there is this: As far as I can tell, the era of highly performative elite do-gooding is passing. The billionaires who felt the need to give TED talks about eradicating poverty while also causing poverty. The incessant blabbing about Africa by oligarchs who rarely left Connecticut. The pledges to save democracy, save the planet, and, yes, end all diseases. The buy-one-donate-one products. Red things involving Bono.Subscribe

I wrote a whole book about that era and its maneuvers and deceptions and costs, and it occurs to me now that the entire complex of activities I chronicled is giving way to something altogether different. What is ascendant now is nakedness — of greed, of sociopathy, of power thirst. Somewhere along the way, the professed goal of the elite morphed from fighting inequality from above to defending their castles in the sky.

There is a kind of progress in this, because what is naked is easier to see, even if pruny.

This eclipsing of performative virtue by pungent avarice, of fake billionaire “change” by real billionaire wolfishness, is part of why figures like Zohran Mamdani are rising. When I published Winners Take All in 2018, the things I was trying to deconstruct took explaining. That is, after all, why you write a book. I’m not sure a book is needed now.

The moves, the lust, the underlying goals — all of it is in the open. This era is less confusing. And people are voting accordingly.

It’s also why a generation gap is opening. The old guard power elite, seeing Mamdani’s rise, is terrified that the Soviet Union could soon be coming to a bodega near them, even though they probably don’t live near any bodegas and probably think the word “bodega” is Arabic. But their children and grandchildren are not afraid of free buses and childcare. They’re willing to take a chance on something that would switch their trajectory off the track from nothing to nowhere and on to a course of life.

The German data company Datapulse released a report showing the vast and growing power of billionaires in the U.S. The report confirms your and my suspicions about the rigging of our economy and our politics. Surely it’s no surprise that Trump’s Cabinet is packed with billionaires. Guess who they are looking out for? Not you.

They cheered on Elon Musk’s ignominious DOGS as they slashed vital government programs. They didn’t complain when Musk closed USAID, causing the ultimate deaths of millions of children and parents because of the halt in US food, medicine and health clinics.

They are thrilled to see Trump send in the troops to halt protests against ICE tactics.

A democracy is supposed to be of the people, for the people, by the people. We are rapidly devolving into an autocratic regime where the rich run the show.

Here is what Datapulse found:

The report, “The Rich Aren’t Just Getting Richer—They’re Running the Show” moves beyond familiar headlines to provide fresh, specific data points on wealth, power, and policy.

Key findings include:

  • The Myth of “Tax Flight”: Contrary to popular narratives, the mega-rich are not fleeing high-tax states. Our data shows that California and New York, states with progressive tax codes, are home to 40% of all U.S. billionaires.
  • Explosive Growth: The number of U.S. billionaires has nearly tripled since 2007, growing from 329 to 877 today. This trajectory is unique to America; China’s billionaire class, by comparison, is stalling.
  • The Rise of the Billionaire Political Class: In the post-Citizens United era, the top 10 political donors, all billionaires, contributed over $420 million in the 2024 cycle alone, directly translating wealth into political influence.
  • Policy for the Few: The study analyzes the direct impact of billionaire-backed policy, such as the House’s 2025 “Big Beautiful Bill,” which could see billionaires gain over $390,000 in annual after-tax income while households earning under $51,000 see their incomes shrink.
  • Concentrated Wealth: Tech and Finance now account for nearly half of all U.S. billionaires, with tech titans alone commanding 37% of total billionaire wealth.

The full study with all 10 interactive charts is available here:
https://www.datapulse.de/en/billionaires-usa/ 

This data provides a new lens through which to view the intersection of wealth and power in America.

The report was compiled by Datapulse.


https://www.datapulse.de/en/
(+49) 30-75437064

Since this is a mostly education blog, I have covered the budget debate by focusing on what the GOP is doing to maim public schools and enrich private (especially religious schools). In the past, Republicans were strong supporters of public schools. But the billionaires came along and brought their checkbooks with them.

The rest of the Ugly bill is devastating to people who struggle to get by. Deep cuts to Medicaid, which will force the closure of many rural hospitals. Cuts to anything that protects the environment or helps phase out our reliance on fossil fuels. Well, at least Senator Schumer managed to change the name of the bill, new name not yet determined.

One Republican vote could have sunk the bill. But Senator Murkowski got a mess of pottage.

David Dayen writes in The American Prospect:

Welcome to “Trump’s Beautiful Disaster,” a pop-up newsletter about the Republican tax and spending bill, one of the most consequential pieces of legislation in a generation. Sign up for the newsletter to get it in your in-box.

By the thinnest of margins, the U.S. Senate completed work on the One Big Beautiful Bill Act on Tuesday morning, after Sen. Lisa Murkowski (R-AK) decided that she could live with a bill that takes food and medicine from vulnerable people to fund tax cuts tilted toward the wealthy, as long as it didn’t take quite as much food away from Alaskans.

The new text, now 887 pages, was released at 11:20 a.m. ET. The finishing touches of it, which included handwritten additions to the text, played out live on C-SPAN, with scenes of the parliamentarian and a host of staff members from both parties huddled together.

At the very end, Senate Minority Leader Chuck Schumer knocked out the name “One Big Beautiful Bill Act” with a parliamentary maneuver, on the grounds that it was ridiculous (which is hard to argue). It’s unclear what this bill is even called now, but that hardly matters. The final bill passed 51-50, with Vice President JD Vance breaking the tie.

Murkowski was able to secure a waiver from cost-sharing provisions that would for the first time force states to pay for part of the Supplemental Nutrition Assistance Program (SNAP). In order to get that past the Senate parliamentarian, ten states with the highest payment error rates had to be eligible for the five-year waiver, including big states like New York and Florida, and several blue states as well. 

The expanded SNAP waivers mean that in the short-term only certain states with average or even below-average payment error rates will have to pay into their SNAP program; already, the language provided that states with the lowest error rates wouldn’t have to pay. “The Republicans have rewarded states that have the highest error rates in the country… just to help Alaska, which has the highest error rate,” thundered Sen. Amy Klobuchar (R-MN), offering an amendment to “strike this fiscal insanity” from the bill. The amendment failed along party lines.

The new provision weakens the government savings for the bill at a time when the House Freedom Caucus is calling the Senate version a betrayal of a promise to link spending cuts to tax cuts. But those House hardliners will ultimately have to decide whether to defy Donald Trump and reject the hard-fought Senate package, which only managed 50 votes, or to cave to their president.

In addition, Murkowski got a tax break for Alaskan fishing villages and whaling captains inserted into the bill. Medicaid provisions that would have boosted the federal share of the program for Alaska didn’t get through the parliamentarian; even a handwritten attempt to help out Alaska on Medicaid was thrown out at the last minute. But Murkowski still made off with a decent haul, which was obviously enough for her to vote yes.

All Republicans except for Sens. Rand Paul (R-KY), Thom Tillis (R-NC), and Susan Collins (R-ME) voted for the bill. Tillis and Collins are in the two most threatened seats among Republicans in the 2026 midterm elections; Tillis decided to retire rather than face voters while passing this bill. Paul, a libertarian, rejected the price tag and the increase in the nation’s debt limit that is folded into the bill.

Other deficit hawks in the Senate caved without even getting a vote to deepen the Medicaid cuts. That could be the trajectory in the House with Freedom Caucus holdouts. But the House also has problems with their handful of moderates concerned about the spending slashes in the bill.

The bill was clinched with a “wraparound” amendment that made several changes, including the elimination of a proposed tax on solar and wind energy production that would have made it impossible to build new renewable energy projects. The new changes now also grandfather in tax credits to solar and wind projects that start construction less than a year after enactment of the bill. Even those projects would have to be placed in service by 2027. The “foreign entities of concern” provision was also tweaked to make it easier for projects that use a modicum of components from China to qualify for tax credits.

The bill still phases out solar and wind tax credits rather quickly, and will damage energy production that is needed to keep up with soaring demand. But it’s dialed down from apocalyptic to, well, nearly apocalyptic. And this is going to be another source of anger to the Freedom Caucus, which wanted a much quicker phase-out of the energy tax credits.

The wraparound amendment also doubled the size of the rural hospital fund to $50 billion. The Senate leadership’s initial offer on this fund was $15 billion. Overnight the Senate rejected an amendment from Collins that would have raised the rural hospital fund to $50 billion. Even at that size—which will be parceled out for $10 billion a year for five years—it hardly makes up for nearly $1 trillion in Medicaid cuts, which are permanent. The hospital system is expected to buckle as a result of this legislation, if it passes.

Some taxes, including a tax on third-party “litigation finance,” were removed in the final bill. But an expanded tax break for real estate investment trusts, which was in the House version, snuck into the Senate bill at the last minute.

The state AI regulation ban was left out of the final text after a 99-1 rejection of it in an amendment overnight.

The action now shifts to the House, where in addition to Freedom Caucus members concerned about cost, several moderates, including Reps. David Valadao (R-CA) and Jeff Van Drew (R-NJ), have balked at the deep spending cuts to Medicaid and other programs.

The American Federation of Teachers released a statement by its President Randi Weingarten:

Contact:
Andrew Crook
607-280-6603
acrook@aft.org

AFT’s Weingarten on Senate’s Big, Ugly Betrayal of America’s Working Families

As we prepare to celebrate our independence, the promise of the American dream, of freedom and prosperity for all, is now further out of reach.’

WASHINGTON—AFT President Randi Weingarten issued the following statement after the Senate passed President Trump’s billionaire tax scam:

“This is a big, ugly, obscene betrayal of American working families that was rammed through the Senate in the dead of night to satisfy a president determined to hand tax cuts to his billionaire friends.

“These are tax cuts paid for by ravaging the future: kicking millions off healthcare, closing rural hospitals, taking food from children, stunting job growth, hurting the climate, defunding schools and ballooning the debt. It will siphon money away from public schools through vouchers—which harm student achievement and go mostly to well-off families with kids already in private schools. It’s the biggest redistribution of wealth from the poor to the rich in decades—far worse, to the tune of hundreds of billions of dollars, than the version passed by the House.

“But if you only listened to those who voted yes, you wouldn’t have heard anything like that. You would’ve heard bad faith attempts to rewrite basic laws of accounting so they could assert that the bill won’t grow the deficit. You would’ve heard false claims about what it will do to healthcare and public schools and public services, which are the backbone of our nation.

“The reality is that the American people have rejected, in poll after poll, this bill’s brazen deception. As it travels back to the House and presumably to the president’s desk, we will continue to sound the alarm and let those who voted for it know they have wounded the very people who voted them into office. But it is also incumbent on us to fight forward for an alternative: for working-class tax cuts and for full funding of K-12 and higher education as engines of opportunity and democracy.

“Sadly, as we prepare to celebrate our independence, the promise of the American dream, of freedom and prosperity for all, is now further out of reach.”

 ###


The AFT represents 1.8 million pre-K through 12th-grade teachers; paraprofessionals and other school-related personnel; higher education faculty and professional staff; federal, state and local government employees; nurses and healthcare workers; and early childhood educators.

If you haven’t heard of Curtis Yarvin, you should learn about him now. Yarvin does not believe in democracy. He believes in a society commanded by a king or autocrat. He was a prodigy as a child and now considers himself to be a political genius. Powerful men in the tech industry and politics pay him court and admire him, men like the billionaires Peter Thiel and Marc Andreessen, and Vice-President JD Vance.

Curtis Yarvin, advisor to Peter Thiel, Donald Trump

This article in The New Yorker by Ava Kolman paints a biographical portrait of Yarvin, summarizes his major ideas and describes his international standing as a philosopher of far-right leaders of the tech industry.

Kolman writes about Yarvin’s extensive range of contacts among the Trump administration and his influence on them, as well as his contact with royalists in other countries..

Kolman begins:

In the spring and summer of 2008, when Donald Trump was still a registered Democrat, an anonymous blogger known as Mencius Moldbug posted a serial manifesto under the heading “An Open Letter to Open-Minded Progressives.” Written with the sneering disaffection of an ex-believer, the hundred-and-twenty-thousand-word letter argued that egalitarianism, far from improving the world, was actually responsible for most of its ills. That his bien-pensant readers thought otherwise, Moldbug contended, was due to the influence of the media and the academy, which worked together, however unwittingly, to perpetuate a left-liberal consensus. To this nefarious alliance he gave the name the Cathedral. Moldbug called for nothing less than its destruction and a total “reboot” of the social order. He proposed “the liquidation of democracy, the Constitution, and the rule of law,” and the eventual transfer of power to a C.E.O.-in-chief (someone like Steve Jobs or Marc Andreessen, he suggested), who would transform the government into “a heavily-armed, ultra-profitable corporation.” This new regime would sell off public schools, destroy universities, abolish the press, and imprison “decivilized populations.” It would also fire civil servants en masse (a policy Moldbug later called rage—Retire All Government Employees) and discontinue international relations, including “security guarantees, foreign aid, and mass immigration.”

Does anything on his wish-list sound familiar to you?

It should. Trump has loaded up his administration with people who imbibe Yarvin.

A decade on, with the Trumpian right embracing strongman rule, Yarvin’s links to élites in Silicon Valley and Washington are no longer a secret. In a 2021 appearance on a far-right podcast, Vice-President J. D. Vance, a former employee of one of Thiel’s venture-capital firms, cited Yarvin when suggesting that a future Trump Administration “fire every single mid-level bureaucrat, every civil servant in the administrative state, replace them with our people,” and ignore the courts if they objected. Marc Andreessen, one of the heads of Andreessen Horowitz and an informal adviser to the so-called Department of Government Efficiency (doge), has started quoting his “good friend” Yarvin about the need for a founder-like figure to take charge of our “out of control” bureaucracy. Andrew Kloster, the new general counsel at the government’s Office of Personnel Management, has said that replacing civil servants with loyalists could help Trump defeat “the Cathedral.”

“There are figures who channel a Zeitgeist—Nietzsche calls them timely men—and Curtis is definitely a timely man,” a State Department official who has been reading Yarvin since the Moldbug era told me. Back in 2011, Yarvin said that Trump was one of two figures who seemed “biologically suited” to be an American monarch. (The other was Chris Christie.) In 2022, he recommended that Trump, if reëlected, appoint Elon Musk to run the executive branch. On a podcast with his friend Michael Anton, now the director of policy planning at the State Department, Yarvin argued that the institutions of civil society, such as Harvard, would need to be shut down. “The idea that you’re going to be a Caesar . . . with someone else’s Department of Reality in operation is just manifestly absurd,” he said.

Yatvin’s ideas are quirky, inhumane, and extreme, to say the least:

On his blog, he once joked about converting San Francisco’s underclasses into biodiesel to power the city’s buses. Then he suggested another idea: putting them in solitary confinement, hooked up to a virtual-reality interface. Whatever the exact solution, he has written, it is crucial to find “a humane alternative to genocide,” an outcome that “achieves the same result as mass murder (the removal of undesirable elements from society) but without any of the moral stigma.”

Yarvin’s call for an American strongman is often treated as an eccentric provocation. In fact, he considers it the only answer to a world in which most people are unfit for democracy….

Yarvin’s influence on Trump’s inner circle is noticeable:

Last month, an anonymous doge adviser told the Washington Post that it was “an open secret that everyone in policymaking roles has read Yarvin.” Stephen Miller, the President’s deputy chief of staff, recently quote-tweeted him. Vance has called for the U.S. to retrench from Europe, a longtime Yarvin desideratum. Last spring, Yarvin proposed expelling all Palestinians from the Gaza Strip and turning it into a luxury resort. “Did I hear someone say ‘beachfront?’ ” he wrote on Substack. “The new Gaza—developed, of course, by Jared Kushner—is the LA of the Mediterranean, an entirely new charter city on humanity’s oldest ocean, sublime real estate with an absolutely perfect, Apple-quality government.” This February, during a joint press conference with Benjamin Netanyahu, the Israeli Prime Minister, Trump surprised his advisers when he made a nearly identical proposal, describing his redeveloped Gaza as “the Riviera of the Middle East.”

Trump, who doesn’t like to read, is unlikely to have read Yarvin’s philosophical treatises about the proper functioning of a modern society–without benefit of a popular vote–but certainly Trump’s view of the unlimited, imperial powers of the Presidency are similar to those of Yarvin.

Read the article if you can access it. Make yourself aware of the man who wields an outsize influence on Trump right now.

To learn more about Yarvin’s influence among rightwing billionaires, read:

https://theconversation.com/an-antidemocratic-philosophy-called-neoreaction-is-creeping-into-gop-politics-182581