ADVERTISEMENT

Happy Father's Day

I added money in the market the day after "Liberation Day" (when things melted down). Most of my money is already there, so I don't go in and out of the market much. I didn't sell anything, I will bet long term on US growth.

Not sure that's textbook panicking, but the tariff policy is bad, and it's so Trumpian that his one disastrous economic policy was largely reigned in by the various reactions to it.

I'm not here to disagree with you on China. I don't know that 55% tariffs or wherever we settled is a good play, but the "isolate China" strategy is reasonable. Liberation Day did not do that, subsequent events have.

We've produced one trade deal or so, that was clearly not the goal. It was tariffs, then reality chimed in.

I guess I need to say this. Trump is responsive to reality, when his bad ideas go astray he moves a different direction. Some of his ideas aren't bad, either. The rest of his economic agenda is solid, tho the BBB still needs to spend less.

He has produced deals with 2 of our largest trading partners. Canada will have to capitulate because as RDS says, Florida will deeply miss those 2M Canadian visitors who would bump total Florida visitors up to 155M from 153M without them.

Canada is a disaster - their defense spending is pathetic (at the bottom of NATO). Mexico needs the US too.

IIRC, you were all over the market crash. Today, you must be happy since it is near or at record highs. People not so invested in the market appreciate the massive investment coming to the US and the export of illegals. The new jobs have gone to real Americans just as foreign born labor jobs have declined. As promised.

The 'crash' which you shrewdly capitalized on was in strong part driven by Wall Street which helped create a dive and then bought back at a 10 percent discount.
 
  • Like
Reactions: bung23 and ILisBest
Ummm…this is after not falling in line just one time, after years of almost unconditional support. It seems like no one has a problem with calling out Muslims for saying death to America when we have done nothing but sanction and bomb them into oblivion for decades…

Well, ya, people don’t love people from the Middle East chanting death to America, and leaders voicing their intentions of eliminating us.

That feels a little different than some random X handles.
 
What does this have to do with him posting about foreigners from a country that we have poured our souls into wanting to destroy us? Absolutely nothing.
It has to do with you spreading nonsense. The nuclear material was likely removed a few days prior to the strike. As for the Iranian ambitions, the Israeli’s capped most of the nuclear engineers working on the program. And the comment that our bombs didn’t do squat is the exact opposite of what happened. More of what he posted has been debunked already. The guy you posted is full of shite, but you posted some rando’s with nutty things to say. You still haven’t retracted your comment about the Jewish donor that supposedly owned Trump, but he obviously doesn’t. The best thing about Trump is he isn’t an ideologue. Doesn’t like abortion. Puts America first. Pro business. Pro-American workforce.
 
Photo intelligence !

You want to know why you and some morons think the nuclear material was moved ? Satellite photos that showed 50 or so trucks lined up at the gates to Ford/GM plant. Guess what the Isreal AND USA have photo capability to follow the trucks to their current location.

Fissionable material is easily tracked.

Smart Iranians are selling high rise real estate that require electricity to power elevators !
 
The average effective U.S. tariff rate is 15.6% as of June 2025, the highest in over a century. Meanwhile, inflation has been decreasing. This is counter to what we were told.

I think you correctly note current tariff policies( best I can tell, although it is not totally clear from what I can find) with the potential exception of :

Sector-Specific Tariffs:
  • Steel and Aluminum:
    • Rate: 50% on steel (up from 25% in 2018), 10% on aluminum (unchanged).
    • Exemptions: Australia, Brazil (steel quotas), South Korea (steel quotas), Argentina (steel and aluminum quotas), Canada, Mexico (since 2019), and the UK (remains at 25%).
  • Automobiles and Auto Parts:
    • Rate: 25% on cars, light trucks (including SUVs), and auto parts, effective March 26, 2025, under Section 232.
  • Other Sectors: Investigations into pharmaceuticals, copper, commercial aircraft, and jet engines are ongoing, potentially leading to new tariffs
The good news from all of this as I see it: 1)We now have tariff income to offset budget sins. 2) It will help US business. 3)It has not caused new inflation 4)Most deals are not done as reciprocal tariffs are currently"paused". 5)There could still be more nice wins for the USA to be had.

Good post. I almost posted on the tariffs that are not paused, but it gets so complicated I was already losing steam. Great job addressing it.

The 15.6% rate is very high historically. I think it's a bit early to adjudicate how this will impact inflation. But compared to the 40-50% overall tariffs we were looking at after Liberation Day, the policy has been substantially pared back. There is obviously a considerable difference between a high tariff rate and one that cripples imports. We are currently at the former; Liberation Day was the latter.

On trade deals, of course they were going to take a lot of time. That was a big part of the LD issue, imposing them immediately did not leave negotiating room. I'm a bit more circumspect than you about the quality of deals that are coming, but that's a long-term proposition (with an initial plan that didn't take it into account).
 
He has produced deals with 2 of our largest trading partners. Canada will have to capitulate because as RDS says, Florida will deeply miss those 2M Canadian visitors who would bump total Florida visitors up to 155M from 153M without them.

Canada is a disaster - their defense spending is pathetic (at the bottom of NATO). Mexico needs the US too.

IIRC, you were all over the market crash. Today, you must be happy since it is near or at record highs. People not so invested in the market appreciate the massive investment coming to the US and the export of illegals. The new jobs have gone to real Americans just as foreign born labor jobs have declined. As promised.

The 'crash' which you shrewdly capitalized on was in strong part driven by Wall Street which helped create a dive and then bought back at a 10 percent discount.

You are correct, I decried the tariffs. Still think Liberation Day was more akin to Insane Populism Day. Don't love the current policy either, but it's not economically crippling (ask Wall Street).

I hope the Trump economy is strong, ala Trump 1. As I posted last week, we are slouching towards Trump 1, which is a big win for America IMO (Trump 1 is much better than Biden/Kamala, Trump 2 Attack of the Populists would not necessarily have been that).

As for the tariffs, I still think they are bad policy, except as targeted against China in an attempt to weaken it and decouple some economically. But the rest of Trump's agenda is pro growth, meaning that a moderate level of tariffs (where I'd say we are today) can be overcome by good policies elsewhere.
 
  • Like
Reactions: tjfleck6
You are correct, I decried the tariffs. Still think Liberation Day was more akin to Insane Populism Day. Don't love the current policy either, but it's not economically crippling (ask Wall Street).

I hope the Trump economy is strong, ala Trump 1. As I posted last week, we are slouching towards Trump 1, which is a big win for America IMO (Trump 1 is much better than Biden/Kamala, Trump 2 Attack of the Populists would not necessarily have been that).

As for the tariffs, I still think they are bad policy, except as targeted against China in an attempt to weaken it and decouple some economically. But the rest of Trump's agenda is pro growth, meaning that a moderate level of tariffs (where I'd say we are today) can be overcome by good policies elsewhere.
I didn't love the specific strategy used by the POTUS on the tariffs, but always said if he gets it to a good place, then cheers 🥂

We are trending toward a good place. He had to start high and shocking the global market at once may just work. I would have ate that sandwich differently, but in the end I believe the hard part is now behind us.

I get you didn't like Trump, but appreciate your ability to cheer for him to have good achievements on behalf of the USA. Not many Trump haters can do that.

I was a little surprised at how many Trump people were wrecking him for bombing Iran, while guys like you cheered it. I did not have that on my bingo card. 🤷‍♂️
 
Last edited:
Ummm…this is after not falling in line just one time, after years of almost unconditional support. It seems like no one has a problem with calling out Muslims for saying death to America when we have done nothing but sanction and bomb them into oblivion for decades…
I've said repeatedly that the USA has exactly ZERO friends in the world. Rather, we have countries with shared interests.

The Israelis like every country in the world spies on the USA (to varying degrees of course). (Pollard was an infamous case years ago.).

Israel has been called out plenty and likely more than any other country in the world. They do have a reason for having a large chip on their shoulder. Europe despises Israel despite their so-called "guilt".

And all people do is get called out for demeaning Muslim culture in America. PC culture is horrible.
 
  • Like
Reactions: bung23 and ILisBest
I didn't love the specific strategy used by the POTUS on the tariffs, but always said if he gets it to a good place, then cheers 🥂

We are trending toward a good place. He had to start high and shocking the global market at once may just work. I would have ate that sandwich differently, but in the end I believe the hard part is now behind us.

I get you didn't like Trump, but appreciate your ability to cheer for him to have good achievements on behalf of the USA. Not many Trump haters can do that.

I was a little surprised at how many Trump people were wrecking him for bombing Iran, while guys like you cheered it. I did not have that on my bingo card. 🤷‍♂️

If you are going to be a critic, you should try to be objective.

Trump 1 Part Deux would be good for the country. Wish we could tackle the debt/deficit in connection with this Admin, but that's a bridge too far. A general commitment towards pro-growth policy and a "walk softly but carry a big stick" approach to FP is a long-term winner. I obviously have quibbles with Trump on the specifics of some, but it's directionally correct.
 
Obviously, the pilots were older, but....

511265657_1293174092365038_8167885576141612823_n.jpg
 
  • Like
Reactions: Uncoach
I didn't love the specific strategy used by the POTUS on the tariffs, but always said if he gets it to a good place, then cheers 🥂

We are trending toward a good place. He had to start high and shocking the global market at once may just work. I would have ate that sandwich differently, but in the end I believe the hard part is now behind us.

I get you didn't like Trump, but appreciate your ability to cheer for him to have good achievements on behalf of the USA. Not many Trump haters can do that.

I was a little surprised at how many Trump people were wrecking him for bombing Iran, while guys like you cheered it. I did not have that on my bingo card. 🤷‍♂️
It is NOT necessary to be a "Trump person" !

It's merely to be a person that thinks as a rational individual, what policy is right for the World.
 
Obviously, the pilots were older, but....

511265657_1293174092365038_8167885576141612823_n.jpg
I'm not sure how many years it takes the USAF to train a B-2 Pilot, BUT I can guarantee there will be NO 20 year old Pilots !

It took John 2 1/2 years to get his USN Pilot's Wings and he wasn't in jets or having to learn how to take off AND land on an air craft carrier or deliver munitions.
 
  • Like
Reactions: Uncoach
If you are going to be a critic, you should try to be objective.

Trump 1 Part Deux would be good for the country. Wish we could tackle the debt/deficit in connection with this Admin, but that's a bridge too far. A general commitment towards pro-growth policy and a "walk softly but carry a big stick" approach to FP is a long-term winner. I obviously have quibbles with Trump on the specifics of some, but it's directionally correct.
It's nice to see you retreat, like Iran, from your TDS 1.0 and TDS 2.0 psychosis.

It's not hard just use common sense and root for America.
 
Gabbard releases newest national intelligence on B-2 Bombs and Iran atomic dreams ! (06/25/2025).

"Iran's 3 enrichment facilities hit by USA have been demolished. It would take them YEARS to restart their atomic program!"

She has already been correctly quoted that Iran HAD an Atomic enrichment program.
 
Strong words from Vance.

1) Vance is very thoughtful in his comments
2) If this was not an "official" intelligence report, I hope the admin catches the leaker and exposes the truth or falseness of the CNN report. It was sad how they ran to the camera to break news that hurt America and maybe was not news at all. I'm so sick of the weaponized media.

ps. As of 2:40PM Pacific time Google News is prominently displaying an AP article repeating the CNN version. So it may be the only "news" many read about this.
 
Last edited:
This is great for Trump to call out. I am sick and tired of our crappy media rooting against the USA, knocking it down and as President Trump acknowledges, they are essentially saying our military men and women did not execute their task well. Total horsecrap. They are an absolute joke.

 
1) Vance is very thoughtful in his comments
2) If this was not an "official" intelligence report, I hope the admin catches the leaker and exposes the truth or falseness of the CNN report. It was sad how they ran to the camera to break news that hurt America and maybe was not news at all. I'm so sick of the weaponized media.

ps. As of 2:40PM Pacific time Google News is prominently displaying an AP article repeating the CNN version. So it may be the only "news" many read about this.
I hadn’t read your post before I posted mine with Trump’s words. We are much in agreement on this. And they do it, because people are dumb enough to believe it, despite what sources they are reading repeatedly have been proven wrong.
 
Zohran Mamdani's Luxury Beliefs
A socialist has been nominated for NYC mayor
Rob Henderson
Jun 25


The luxury belief class has just done the equivalent of plucking a random grad student from an Ivy League Hamas encampment and nominating them for mayor.

Take the New York City subway early in the morning from the outer boroughs and you’ll find it packed with cleaners, nannies, restaurant staff, hotel workers and construction workers coming off the night shift. Some are heading home. Some are just starting their day. It’s “the help” arriving and departing.

Like many other large cities, New York runs on a two-tier system. There’s the professional class clustered in the centre, and there are the people who keep the centre running but can’t afford to live in it.

And so they must endure long rides on public transportation to get to work. They keep their heads down and ignore the trash, the smell, the homeless men passed out across the seats. Working-class commuters see the sprawled-out bodies and try to make it through the ride without being harassed or stepping in puddles of urine.

Many politicians and media outlets act like the public disorder problem is overblown. But fare evasion, open drug use and serious mental illness on the subway are still part of daily life.

It’s in this polarised environment that the mayoral candidate Zohran Mamdani has gained traction among the city’s richest voters. At only 33, Mamdani is one of the youngest people ever to run for mayor of America’s largest city. Mamdani, a self-proclaimed nepo baby who has spent four years as an Albany assemblyman and is described by The New York Times as a “a TikTok savant”, has virtually no experience for the job, but polls show the self-described socialist closing in on the former New York governor Andrew Cuomo’s lead. Whoever wins the Democratic primary Tuesday will be the victor in the general mayoral election come November, as there are no viable Republican candidates in play.

And yet, what’s really worrying about this candidate is that he’s a poster child for luxury beliefs.

“Luxury beliefs” — a term I coined years ago — means opinions that confer status on the upper class at little to no cost for them, while inflicting serious cost on the lower classes. And the very people who back Mamdani are the ones who most resemble him: affluent, overeducated, and eager to prove their virtue at someone else’s expense.

As is often true of those who embrace luxury beliefs, Mamdani purports to care most about the working class. He says he wants free buses, government-run grocery stores, and a freeze on rent increases.

But his platform would hurt the working classes a lot more than it would help them.

Take, for example, Mamdani’s plan to freeze rents. Without raising rents, many landlords cannot afford to maintain their buildings, which leads to apartments becoming rundown or empty. This is one reason why, ironically, cities with rent control policies have the lowest levels of affordable housing — a policy that hurts working-class families most.

Then there’s Mamdani’s push for free public buses, a plan that would cost $630 million a year. An analysis by the Transportation Research Board found that “some public transit systems that have experimented with or implemented a fare-free policy have been overwhelmed … by the presence of disruptive passengers, including loud teenagers and vagrants.” This, too, would make life harder for low-income New Yorkers who depend on public transit every day.

Mamdani has also been a supporter of the “defund the police” movement. But a recent poll from the Manhattan Institute, a conservative think tank, found that a majority (54 per cent) of New York City voters say they want to see more police officers across New York. Only 17 per cent say they want to see fewer, while 21 per cent say they want to keep the existing number as it is. Meanwhile, the poorest Americans — those who earn $25,000 or less a year — are three times more likely to be victims of robbery, aggravated assault and sexual assault, according to the US Bureau of Justice Statistics.

It’s not like Mamdani — who grew up amid privilege — would understand any of this. Raised by a Columbia professor father and acclaimed filmmaker mother in a comfortable faculty apartment on Riverside Drive, Mamdani attended the private Bank Street School for Children, which costs up to $66,147 a year. His alma mater is Bowdoin College in Maine, where there are more students from families in the top 1 per cent of the income scale than there are from the entire bottom 60 per cent. And though he boasts he is a product of the New York City public high school system, he in fact attended the Bronx High School of Science — one of the most selective academies in the city, where many come from the elite.

Before being elected to the New York state assembly in 2020, Mamdani only managed to string together three years of employment. This includes a short-lived rap career and a spell on a film project for his mother, Mira Nair, the director of Monsoon Wedding. He has even joked: “You know, nepotism and hard work goes a long way.”

Hollywood actress Emily Ratajkowski endorsed him. One person who pretends to be someone else for a living endorses another person who pretends to be someone else for a living.

If you asked, who should lead this Fortune 500 company, or who should run this school, or who should manage this McDonald’s, the last person on earth you’d ask is a rich Hollywood celebrity. But somehow when it comes to politics, there really are people dumb enough to seek the support of an entertainer with no experience in governance, economics, or reality.

To appear humble and relatable, he wears hoodies and stages photo ops of himself eating fast-casual meals on the subway.

In reality, these are the self-fellating theatrics of the kind I witnessed as a first-generation student at Yale, which helped inform my theory about luxury beliefs.

But while Mamdani pretends to be an ordinary person for political advantage, working-class New Yorkers see right through him. A recent Emerson poll projects him winning 57 per cent of white voters, but only 26 per cent of Black voters and 35 per cent of Hispanic voters. While 57 per cent of college-educated voters support Mamdani, only 23 per cent of those without a college degree do.

The latest results show Mamdani failing to win the support of the very people he claims to champion.


Working class voters know that, with his unrealistic promises, Mamdani sounds like a kid running for student council who promises longer recess and endless free pizza. It sounds great until someone asks who’s paying for the pizza, or discovers that “longer recess” means there’s no time to teach the 3Rs.

Economist Larry Summers recently warned that “New York City is closely watched. If it adopts irresponsible budget policies or the Democratic primary chooses a candidate advocating irresponsible, semi-socialist, government bankrupting policies, the consequences will be grave for New York and progressivism more broadly.”

Mamdani is now the presumptive Democratic nominee.

If he wins the upcoming mayoral election, New Yorkers can expect to be governed by luxury beliefs. The elites will feel absolved, having elected a socialist who makes them feel less guilty about their wealth, while never having to suffer the consequences. And the working class will have to keep on struggling.
 
Zohran Mamdani's Luxury Beliefs
A socialist has been nominated for NYC mayor
Rob Henderson
Jun 25


The luxury belief class has just done the equivalent of plucking a random grad student from an Ivy League Hamas encampment and nominating them for mayor.

Take the New York City subway early in the morning from the outer boroughs and you’ll find it packed with cleaners, nannies, restaurant staff, hotel workers and construction workers coming off the night shift. Some are heading home. Some are just starting their day. It’s “the help” arriving and departing.

Like many other large cities, New York runs on a two-tier system. There’s the professional class clustered in the centre, and there are the people who keep the centre running but can’t afford to live in it.

And so they must endure long rides on public transportation to get to work. They keep their heads down and ignore the trash, the smell, the homeless men passed out across the seats. Working-class commuters see the sprawled-out bodies and try to make it through the ride without being harassed or stepping in puddles of urine.

Many politicians and media outlets act like the public disorder problem is overblown. But fare evasion, open drug use and serious mental illness on the subway are still part of daily life.

It’s in this polarised environment that the mayoral candidate Zohran Mamdani has gained traction among the city’s richest voters. At only 33, Mamdani is one of the youngest people ever to run for mayor of America’s largest city. Mamdani, a self-proclaimed nepo baby who has spent four years as an Albany assemblyman and is described by The New York Times as a “a TikTok savant”, has virtually no experience for the job, but polls show the self-described socialist closing in on the former New York governor Andrew Cuomo’s lead. Whoever wins the Democratic primary Tuesday will be the victor in the general mayoral election come November, as there are no viable Republican candidates in play.

And yet, what’s really worrying about this candidate is that he’s a poster child for luxury beliefs.

“Luxury beliefs” — a term I coined years ago — means opinions that confer status on the upper class at little to no cost for them, while inflicting serious cost on the lower classes. And the very people who back Mamdani are the ones who most resemble him: affluent, overeducated, and eager to prove their virtue at someone else’s expense.

As is often true of those who embrace luxury beliefs, Mamdani purports to care most about the working class. He says he wants free buses, government-run grocery stores, and a freeze on rent increases.

But his platform would hurt the working classes a lot more than it would help them.

Take, for example, Mamdani’s plan to freeze rents. Without raising rents, many landlords cannot afford to maintain their buildings, which leads to apartments becoming rundown or empty. This is one reason why, ironically, cities with rent control policies have the lowest levels of affordable housing — a policy that hurts working-class families most.

Then there’s Mamdani’s push for free public buses, a plan that would cost $630 million a year. An analysis by the Transportation Research Board found that “some public transit systems that have experimented with or implemented a fare-free policy have been overwhelmed … by the presence of disruptive passengers, including loud teenagers and vagrants.” This, too, would make life harder for low-income New Yorkers who depend on public transit every day.

Mamdani has also been a supporter of the “defund the police” movement. But a recent poll from the Manhattan Institute, a conservative think tank, found that a majority (54 per cent) of New York City voters say they want to see more police officers across New York. Only 17 per cent say they want to see fewer, while 21 per cent say they want to keep the existing number as it is. Meanwhile, the poorest Americans — those who earn $25,000 or less a year — are three times more likely to be victims of robbery, aggravated assault and sexual assault, according to the US Bureau of Justice Statistics.

It’s not like Mamdani — who grew up amid privilege — would understand any of this. Raised by a Columbia professor father and acclaimed filmmaker mother in a comfortable faculty apartment on Riverside Drive, Mamdani attended the private Bank Street School for Children, which costs up to $66,147 a year. His alma mater is Bowdoin College in Maine, where there are more students from families in the top 1 per cent of the income scale than there are from the entire bottom 60 per cent. And though he boasts he is a product of the New York City public high school system, he in fact attended the Bronx High School of Science — one of the most selective academies in the city, where many come from the elite.

Before being elected to the New York state assembly in 2020, Mamdani only managed to string together three years of employment. This includes a short-lived rap career and a spell on a film project for his mother, Mira Nair, the director of Monsoon Wedding. He has even joked: “You know, nepotism and hard work goes a long way.”

Hollywood actress Emily Ratajkowski endorsed him. One person who pretends to be someone else for a living endorses another person who pretends to be someone else for a living.

If you asked, who should lead this Fortune 500 company, or who should run this school, or who should manage this McDonald’s, the last person on earth you’d ask is a rich Hollywood celebrity. But somehow when it comes to politics, there really are people dumb enough to seek the support of an entertainer with no experience in governance, economics, or reality.

To appear humble and relatable, he wears hoodies and stages photo ops of himself eating fast-casual meals on the subway.

In reality, these are the self-fellating theatrics of the kind I witnessed as a first-generation student at Yale, which helped inform my theory about luxury beliefs.

But while Mamdani pretends to be an ordinary person for political advantage, working-class New Yorkers see right through him. A recent Emerson poll projects him winning 57 per cent of white voters, but only 26 per cent of Black voters and 35 per cent of Hispanic voters. While 57 per cent of college-educated voters support Mamdani, only 23 per cent of those without a college degree do.

The latest results show Mamdani failing to win the support of the very people he claims to champion.


Working class voters know that, with his unrealistic promises, Mamdani sounds like a kid running for student council who promises longer recess and endless free pizza. It sounds great until someone asks who’s paying for the pizza, or discovers that “longer recess” means there’s no time to teach the 3Rs.

Economist Larry Summers recently warned that “New York City is closely watched. If it adopts irresponsible budget policies or the Democratic primary chooses a candidate advocating irresponsible, semi-socialist, government bankrupting policies, the consequences will be grave for New York and progressivism more broadly.”

Mamdani is now the presumptive Democratic nominee.

If he wins the upcoming mayoral election, New Yorkers can expect to be governed by luxury beliefs. The elites will feel absolved, having elected a socialist who makes them feel less guilty about their wealth, while never having to suffer the consequences. And the working class will have to keep on struggling.
 
Zohran Mamdani's Luxury Beliefs
A socialist has been nominated for NYC mayor
Rob Henderson
Jun 25


The luxury belief class has just done the equivalent of plucking a random grad student from an Ivy League Hamas encampment and nominating them for mayor.

Take the New York City subway early in the morning from the outer boroughs and you’ll find it packed with cleaners, nannies, restaurant staff, hotel workers and construction workers coming off the night shift. Some are heading home. Some are just starting their day. It’s “the help” arriving and departing.

Like many other large cities, New York runs on a two-tier system. There’s the professional class clustered in the centre, and there are the people who keep the centre running but can’t afford to live in it.

And so they must endure long rides on public transportation to get to work. They keep their heads down and ignore the trash, the smell, the homeless men passed out across the seats. Working-class commuters see the sprawled-out bodies and try to make it through the ride without being harassed or stepping in puddles of urine.

Many politicians and media outlets act like the public disorder problem is overblown. But fare evasion, open drug use and serious mental illness on the subway are still part of daily life.

It’s in this polarised environment that the mayoral candidate Zohran Mamdani has gained traction among the city’s richest voters. At only 33, Mamdani is one of the youngest people ever to run for mayor of America’s largest city. Mamdani, a self-proclaimed nepo baby who has spent four years as an Albany assemblyman and is described by The New York Times as a “a TikTok savant”, has virtually no experience for the job, but polls show the self-described socialist closing in on the former New York governor Andrew Cuomo’s lead. Whoever wins the Democratic primary Tuesday will be the victor in the general mayoral election come November, as there are no viable Republican candidates in play.

And yet, what’s really worrying about this candidate is that he’s a poster child for luxury beliefs.

“Luxury beliefs” — a term I coined years ago — means opinions that confer status on the upper class at little to no cost for them, while inflicting serious cost on the lower classes. And the very people who back Mamdani are the ones who most resemble him: affluent, overeducated, and eager to prove their virtue at someone else’s expense.

As is often true of those who embrace luxury beliefs, Mamdani purports to care most about the working class. He says he wants free buses, government-run grocery stores, and a freeze on rent increases.

But his platform would hurt the working classes a lot more than it would help them.

Take, for example, Mamdani’s plan to freeze rents. Without raising rents, many landlords cannot afford to maintain their buildings, which leads to apartments becoming rundown or empty. This is one reason why, ironically, cities with rent control policies have the lowest levels of affordable housing — a policy that hurts working-class families most.

Then there’s Mamdani’s push for free public buses, a plan that would cost $630 million a year. An analysis by the Transportation Research Board found that “some public transit systems that have experimented with or implemented a fare-free policy have been overwhelmed … by the presence of disruptive passengers, including loud teenagers and vagrants.” This, too, would make life harder for low-income New Yorkers who depend on public transit every day.

Mamdani has also been a supporter of the “defund the police” movement. But a recent poll from the Manhattan Institute, a conservative think tank, found that a majority (54 per cent) of New York City voters say they want to see more police officers across New York. Only 17 per cent say they want to see fewer, while 21 per cent say they want to keep the existing number as it is. Meanwhile, the poorest Americans — those who earn $25,000 or less a year — are three times more likely to be victims of robbery, aggravated assault and sexual assault, according to the US Bureau of Justice Statistics.

It’s not like Mamdani — who grew up amid privilege — would understand any of this. Raised by a Columbia professor father and acclaimed filmmaker mother in a comfortable faculty apartment on Riverside Drive, Mamdani attended the private Bank Street School for Children, which costs up to $66,147 a year. His alma mater is Bowdoin College in Maine, where there are more students from families in the top 1 per cent of the income scale than there are from the entire bottom 60 per cent. And though he boasts he is a product of the New York City public high school system, he in fact attended the Bronx High School of Science — one of the most selective academies in the city, where many come from the elite.

Before being elected to the New York state assembly in 2020, Mamdani only managed to string together three years of employment. This includes a short-lived rap career and a spell on a film project for his mother, Mira Nair, the director of Monsoon Wedding. He has even joked: “You know, nepotism and hard work goes a long way.”

Hollywood actress Emily Ratajkowski endorsed him. One person who pretends to be someone else for a living endorses another person who pretends to be someone else for a living.

If you asked, who should lead this Fortune 500 company, or who should run this school, or who should manage this McDonald’s, the last person on earth you’d ask is a rich Hollywood celebrity. But somehow when it comes to politics, there really are people dumb enough to seek the support of an entertainer with no experience in governance, economics, or reality.

To appear humble and relatable, he wears hoodies and stages photo ops of himself eating fast-casual meals on the subway.

In reality, these are the self-fellating theatrics of the kind I witnessed as a first-generation student at Yale, which helped inform my theory about luxury beliefs.

But while Mamdani pretends to be an ordinary person for political advantage, working-class New Yorkers see right through him. A recent Emerson poll projects him winning 57 per cent of white voters, but only 26 per cent of Black voters and 35 per cent of Hispanic voters. While 57 per cent of college-educated voters support Mamdani, only 23 per cent of those without a college degree do.

The latest results show Mamdani failing to win the support of the very people he claims to champion.


Working class voters know that, with his unrealistic promises, Mamdani sounds like a kid running for student council who promises longer recess and endless free pizza. It sounds great until someone asks who’s paying for the pizza, or discovers that “longer recess” means there’s no time to teach the 3Rs.

Economist Larry Summers recently warned that “New York City is closely watched. If it adopts irresponsible budget policies or the Democratic primary chooses a candidate advocating irresponsible, semi-socialist, government bankrupting policies, the consequences will be grave for New York and progressivism more broadly.”

Mamdani is now the presumptive Democratic nominee.

If he wins the upcoming mayoral election, New Yorkers can expect to be governed by luxury beliefs. The elites will feel absolved, having elected a socialist who makes them feel less guilty about their wealth, while never having to suffer the consequences. And the working class will have to keep on struggling.
Can the Jews in NYC, get some Illegals from the home Country ?
 
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT