The Woke Billionaires and Democrat-Loving Corporations Are on Their Own
Kurt Schlichter
Here in California, billionaires are under attack as the Democrats are pushing a referendum that would levy a 5 percent wealth tax on unrealized gains and other assets of these very rich people in the Golden State. In Washington, DC, Donald Trump is telling big financial corporations that he’s going to limit their credit card interest rates to just 10 percent instead of the 20 percent or 30 percent they’ve been charging their customers. On the one hand, these are terrible economic policies. They are the opposite of classical conservatism. It’s ridiculous to tax unrealized gains because they haven’t yet been realized, and it’s also dumb to drive rich people who started businesses out of your state. Cutting the allowable interest on credit cards is going to make it harder for a lot of people with lousy credit to get cards. But, on the other hand, screw the billionaires and the giant financial corporations.
Here’s the thing. We Republicans only have limited political capital. You can only do so much stuff, even though Donald Trump is pushing the envelope and doing a lot of stuff. That’s taking a lot of time, and it’s taking a lot of his power. So, my question is, how much political capital should we as conservative Republicans spend on billionaires and financial corporations?
My suggestion is that we spend none.
Zero.
Zilch.
Nada.
And there’s a wonderful symmetry to this, because they’ve spent none of theirs on us. Oh, there are a few billionaires here and there who’ve done amazing things for our freedom and prosperity – Elon Musk‘s work saving free speech by buying Twitter should put him on Mount Rushmore, and the appreciation of Tesla's stock has done a lot for our 401(k)s. But most of these billionaires are leftists who have eagerly funded the Democrats in California. Putting aside how they’ve tossed Americans aside to import labor from foreign countries and thereby screwed our people, they bought into all the commie nonsense. They supported all the things that turned the Golden State into the Brown State – California used to be known for its swaying palm trees, but now it’s known for maps of hobo poop.
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https://townhall.com/columnists/kurtschlichter/2026/01/15/the-woke-billionaires-and-democrat-loving-corporations-are-on-their-own-n2669459
