Newsom’s Calculated Embrace of Mamdani’s Socialism

"California’s governor is recasting himself as a champion of wealth redistribution, betting that the road to the Democratic presidential nomination runs through the party’s activist left."

The American Spectator  

 "As Gavin Newsom’s governorship enters its final chapter, his eyes are no longer fixed on Sacramento. They are fixed on Washington. More specifically, on the White House. Like Sauron’s obsession with the One Ring, Newsom’s political focus has narrowed to one overriding object of desire: the presidency. That is the only way to understand Newsom’s latest economic manifesto, released Friday under the banner of a national billionaires’ tax. Newsom does not want to be seen standing with California billionaires against the left. This was not merely a policy paper. It was positioning. Newsom is pushing for a federal minimum tax targeting billionaires and anyone with a net worth exceeding $100 million. He wants to eliminate what the tax code currently permits: the ultra-wealthy borrowing against their stock portfolios, living off those loans tax-free, and then passing the underlying assets to their heirs with the embedded gains never taxed. He wants to overhaul inheritance law before what economists project will be the single largest generational transfer of wealth in American history — an estimated $124 trillion passing between generations over the next two decades. And he wants Washington to establish a national public equity fund, effectively giving every American a financial stake in the profits generated by artificial intelligence. In plain English, he wants Washington to tax, redistribute, and socialize more of the American economy. Under Newsom’s proposal, Washington would not merely regulate successful industries. It would claim an ownership interest in them. Silicon Valley entrepreneurs would build the companies, investors would risk the capital, and the federal government would arrive later demanding a share of the upside in the name of economic fairness. Bernie Sanders should be thrilled. Elizabeth Warren should be smiling. And Zohran Mamdani, New York City’s newly elected mayor and national face of democratic socialism, should recognize a politician sprinting to ..."

The rest is behind a paywall, but this is sufficient warning...

George Soros funneled staggering $103M into midterms so far

 NY Post  

"His native Hungary passed “Stop Soros” laws in 2018, forcing the magnate to move his Open Society Foundation’s European operations elsewhere."

"Billionaire Democratic kingmaker George Soros and his son Alex spent a staggering $102.8 million in the midterm election cycle — making the family chief architects of the party’s seismic shift toward the radical left.

"With the November elections still more than four months away, George Soros could shatter his own spending record of $128 million set during the last midterms four years ago, when he was the biggest single donor.

"Money talks, and Soros money says the most insidious, unconstitutional, costly tax hikes in American history are on the table,” said Douglas Kellogg, state projects director for Americans for Tax Reform.

"Soros is a “wannabe Bond villain,” responsible for the radical takeover of the Democratic Party, he added.

"Only a fraction of this cycle’s contributions — $793,800 — were made in the 95-year-old mega donor’s name, a review of publicly available Federal Election Commission data reveals.

"Almost all of the money — $102 million — was funneled through the Democracy Political Action Committee, the super PAC Soros launched in 2020, which acts as the family’s main political arm, obfuscating efforts to know which radical candidates the clan is propping up.

"Of that, a little over half, $52 million, came from George Soros through the private corporation Geosor under his name and the other half, $50 million, from Fund for Policy Reform, a nonprofit which lists Alex Soros as director in tax filings.

"And that’s without counting the family’s main organization, the Open Society Foundation — which funds efforts to decriminalize drugs, open the border and abolish the police — and its lobbying wing the Open Society Action Fund, which is even more obscure as it doesn’t have to disclose political spending because it’s registered as a nonprofit claiming to do mere advocacy work.

"In previous election cycles, the Open Society Action Fund’s cash flowed to groups backing lefty stars like “Squad” Rep. Alexandria Ocasio-Cortez (D-NY) and embattled pal Rep. Ilhan Omar (D-MN), but its tax filings for 2025 aren’t yet available." . . .   More...

Socialism is only a symptom. Republicans can’t risk ignoring the real problem

Fox News  

And any political movement that ignores that reality does so at its own peril.

"The left isn’t embracing socialism. It’s rejecting the status quo.

"The political world woke up after Tuesday’s election asking the same question: Is the Democratic Party lurching toward socialism?

"Maybe.

But that’s not the question that matters.

"The question that matters is this: Why are more voters willing to give socialism a look in the first place?

"Because if Republicans answer that question incorrectly, they risk making precisely the same mistake Democrats made in 2016." . .  .

Mamdani is a Communist and a Jihadist. He Should Not Even Be Allowed in the US.    

. . . "Democratic Socialist’ is akin to ‘National Socialist’ or ‘Democratic Republic of….’ in former Soviet client States. It is a figleaf polite term for grotesquely extremist politics.? . . .

What I find threatening are the voices cheering for Bernie/AOC/Mamdani are the youthful, female choruses that we heard applauding Hamas rapists and child murderers. Included are those who adore killers of family men, leaders of Christian and Jewish support groups, and your ubiquitous useful idiots, being paid to carry pre-printed signs for causes they cannot explain. TD    One such person doing what she does...

When the American Dream Dies, Socialism Rises - Brian C. Joondeph

. . . "If policymakers wish to counter socialism’s growing appeal, lectures about its historical failures will not be enough.

"The more persuasive response would be restoring the conditions that once made the American economic model so compelling: affordable housing, accessible education, rising real wages, and genuine upward mobility.

"When opportunity expands, faith in markets follows.

"But when opportunity fades, socialism begins to sound less like a warning — and more like a solution."