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Trump’s MAGA Coalition Is Falling Apart (Live from UVA!)

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Trump’s MAGA Coalition Is Falling Apart (Live from UVA!)

The upcoming U.S. election is being shaped by deepening economic inequality, rising voter disillusionment, and a surge in youth and minority turnout—particularly in states like Texas, Ohio, and Georgia. Data shows a dramatic wealth reversal: older Americans have grown wealthier by 34% since 2022, while those under 25 have lost 23%, fueling a desire for systemic change. This shift is reflected in voter behavior, with early voting numbers indicating widespread anger at political establishment and incumbents. Despite massive spending—especially in Texas—campaigns are seeing diminishing returns, suggesting that money alone can no longer sway voters. A key concern is the growing perception of political corruption, highlighted by figures like Elon Musk and former President Trump, which is now the top issue in public polling. Democrats are urged to move beyond messaging of opposition to Trump and instead present concrete, bold policy plans—such as progressive tax reform, universal healthcare, and affordable housing—to rebuild trust. The political mood is not one of a predictable blue wave, but a “red riptide” of disengaged voters seeking alternatives. Success will depend not just on turnout, but on delivering tangible, relatable policies that resonate with everyday people. Meanwhile, the debate over campaign finance, transparency, and accountability is intensifying, with experts warning that unchecked wealth influence threatens democratic integrity. As the election nears, political parties are being pushed to prioritize authenticity, clarity, and real-world solutions over empty rhetoric.

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Support for the show comes from USA Facts. Income inequality, entitlements, housing costs. Want to really see what the government is up to, what it costs, and who's benefiting? Check out a debate on the American dream between yours truly and conservative Ben Shapiro. It's not your typical soundbites from boring politicians reading talking points. The debate is framed by an informative set of government facts from USA Facts, and then Ben and I get into it. There are sharp differences, some common ground, and data and facts that leave you knowing more. Check out the full debate now on the USA Facts YouTube channel. That's where Odoo comes in. An all-in-one business management software that brings every part of your business together. From sales and accounting to inventory and marketing, all in one powerful platform. No messy integrations, no bouncing between tabs, and best of all, no spreadsheets. Stop managing software and start managing your business with one unified system. Try for free today at odoo.com slash vox. That's odoo.com slash vox. We're delighted to welcome two prominent voices in American political and cultural commentary, Scott Galloway and Jessica Tarloff. For a special taping of their podcast, Raging Moderates, and with the national election just days away, thank God, may it be over soon, we have plenty to discuss. Where do you think things are headed as we approach, election day? And the students here want to know who's going to win so they know where to put their money on Calchi. So welcome to Raging Moderates. I'm Scott Galloway. And I'm Jessica Tarloff. And we are at the UVA Center for Politics here with Larry. So we're very happy to be here. So what do I see happening? So the way I would describe it right now is the Democratic Party is Hulu if Netflix went down. And that is, I don't think. I don't think, quite frankly, anyone's running to the Democratic Party. The way I describe my life, and when people say, "How are you?" I say, "I hate my life less and less every day." I think, basically, the electorate has decided they hate the Democrats less right now. And the way I would describe it, the data I've seen, is that in some of the early voting, there's the turnout in Texas and, I believe, in early voting in Ohio is running 60 to 100% higher at this point. In previous midterms, in terms of early voting. That means someone's angry. And it logically means that, likely, people are angry at the incumbents. And it's not, "You have a football game tonight." It's not that. And I primarily focus on young men. And what you see with young men in this election is that they're not switching teams. They're just leaving the stadium. And if you look at what's happened, the stat that really just sort of blew me away, is that since 2022, people over the age of 75. This is just in the last four years. People over the age of 75 are 34% wealthier. They have grown their wealth by 34% in four years. People under the age of 25 are 23% less wealthy. So when you see what feels like people just, you know, champagne and cocaine up here, and they can't pay their rent, they don't want Democrat or Republican. They just want different. They just want change. And also, there's a bit of a. And again, I'm talking more about young men. There's a bit of a fallacy that young men are these Neanderthals that follow Andrew Tate and always vote red. If you were to match up two groups that vote similarly, it's young men and white women over the age of 55. And actually, the polling right now shows that young men are breaking somewhere around. 61 to 31 Democrat to Republican if they vote. That's amongst likely voters. And what you see is that actually young men have remained fairly consistent in terms of their political values. Young women have broken much more progressive for a lot of reasons. So what I think. I think what we're seeing is not a blue wave. I would call it a red riptide. And that is people are just so upset with what is going on right now that they're angry. And they're going to turn out for blue. I personally think you mentioned Kalshi. And then I'll flip it back to you. And I'm very open to learning here. The two of you are going to forget more about this than I'm ever going to know. But as it relates to the prediction markets, I feel like the prediction markets. I just feel like Susan Collins always does better than we're hoping. And that the market here has. That the prediction markets themselves have a bit of their own momentum. And while I do think there's going to be a wave, I don't know right now if it's going to be the tsunami we're all expecting is the way I would. But then again, momentum creates momentum. I wouldn't be surprised. And I'm hoping. I'm too close to it because I have my personal views about this. But typically, what I see on Kalshi is when the momentum takes it somewhere, oftentimes it misses to the upside a little bit. That would be what I call my cautious optimism about the tsunami that we're all hoping for. And expecting. Jess, and then Larry's thoughts. Yeah, I would take your cautious optimism. And for me, it's nauseous optimism. So it's just the feminine version of this. I have not seen. And I've looked for it because my algorithm is both blue-pilled and red-pilled. So I'm ready for work because I want to know what my colleagues at Fox are going to say as well. And I have yet to come across a good piece of news for the Republicans that would be meaningful in the midterms. I mean, you have the typical boosters that are making up stories about what they heard at the coffee shop. And the whole line is like wild for John Husted in Ohio or something like that. But I haven't seen anything that's like a brass tacks indicator that it's going to go well for them. And if you follow the money, if you look where they're holding these big rallies, they are not on the offensive. They are on the defensive. And they're pulling money, especially out of races that three months ago you would have thought they really could have won, frankly. And all of that indicates to me that it should be a very good night. I'm curious what Larry thinks about, you know, 2018 midterms versus a 2006. Because that's really what's hanging over people's heads. Is this going to be definitely a good night? Where there's control of gavels coming to Democrats and maybe an unexpected pickup in the Senate, you know, beyond North Carolina, which I think at this point we assume is going to work out for Roy Cooper. But are we going to be surprised by something like Senator James Tallarico in Texas? What is going on in Kansas? I mean, that feels like one of the most wild races to me. I think Reverend Hamilton is a really special candidate. I think Roger Marshall is a lot worse than any of us expected. Granted, I haven't paid much attention to Roger Marshall before. But now that I look, he's not great. And I understand why people are, you know, eyes darting in other directions. So the one thing that I think could change, or I guess I should say two, they have a lot of money. And it's actually infinite money. It's on a daily basis another headline. Elon Musk is pumping $50 million in here, $50 million in here. You know, single-handedly bankrolling Ken Paxton in Texas. So what impact does the money have? Because right now it's really interesting, especially in Texas. So they're spending more by enormous multiples, but their ads aren't resonating with people. So they're doing these focus groups where they show them the ads, and people are only remembering the Democratic ads. And I think it's because those ads make them feel something. That James Tallery goes talking about what it means to be a Texan. And he's talking about values instead of politics. And I love, Scott and I have had the pleasure of interviewing him a couple times. And he has this great line about the fact that he's not trying to turn Texas blue, he's trying to turn it purple. Which feels like it should be the national party platform, frankly. That this is actually how the country was designed. I mean, we're sitting here, you know, in a very important, what did you tell me to say? The most important political institution in the world. In the world. It's not just America. It was America out there. It is the world now that we're sitting here. But we're supposed to work together. That's how this country was designed. I'm nauseously optimistic about that happening again one day. But I want to know, and maybe Larry, you can start with this, you know, what are some of the things that you think are going to affect the money it's going to have? And then also their efforts to activate people that are staying home. Because Democrats' best hope is that a lot of these disenchanted Republicans actually stay home. Because if they show up, it might just be too hard for them actually to check their home. the box for the Democrat, and I should note for the independent, because a lot of these races have really interesting independents in them, like Dan Osborne in Nebraska, for instance. So what say you? Look, the first thing, you're absolutely right. There are all kinds of reasons why things might not turn out the way the polls suggest, although as inaccurate as polling has been in 2016 and 2020 and 2024, those are presidential races. The polling has been pretty accurate in 2018 and in 2022, the last two midterm elections. Gee, I wonder what could it be that was on the ballot in those three presidential races that was absent in 2018 and 2022? I don't know. That's what you're here for, to tell us the truth, but I think we can all guess a certain president was not. A former president or a president-to-be was not on the ballot at the time. So it's possible. I don't think the polling's that off. It may be off in some places. You mentioned Maine, and that is one place where I pay no attention whatsoever to the polls. She was behind by a total, it was between 8% and 9% in the polling average right before the 2020 election. She won by 9%. Now, how can you be that far off? And we're talking about, you know, 20 polls, most of them, not gold standard, but they were decent polls. And so it kind of tells me she deserves the benefit of the doubt until she either wins or loses. I don't know what's going to happen there. So it might be that way. But my personal feeling is, and we're down to three, a blue ripple, that ain't it. A blue wave, 50-50. A blue tsunami, 50-50. Those are the two choices right now. You would be surprised. I honestly think, and we do this all day long. Fortunately, you all have much more productive, better lives. But we sit here going through hidden polls, public polls, polls that we are slipped by people we trust and that kind of thing. And I'm just stunned by the, if they're at all accurate, I am stunned at the degree to which Republicans are in trouble. Now, that can change. You saw what happened today in Alaska. They have a series of, I asked, good contact, who usually doesn't lie to me, in the Trump White House. What do you all have planned for an October surprise? He said, first of all, I can tell you don't know what you're talking about, which I've always told you. And I said, yeah, you have told me that consistently over 20, 30 years. He says, because the correct word is October surprises. He said, we've got at least one for every close race, plus some national October surprises. Today's was Alaska's, of course, as many of you have already heard. So he told you, essentially, we're going to mess with the elections in every close race. Well, no, he didn't put, in fact, I specifically asked him. No, I know he wouldn't say that. Yeah, he wouldn't say it like that. But I also asked about what's coming. Are they planning things on election day and post-election day? By the way, just so you know, nothing. They're planning nothing. It's going to be the most innocent election there's ever been. You believe that one? And I told him the same thing. And he laughed. He knows I don't believe that. And he knows it's not true. They are planning. Various things. I wish I knew all the specifics. I have some idea what they're doing. But for the individual close races, they do have a surprise or surprises individually for them as well as nationally. And the Alaska one today, in which they're now suing, they filed suit about the shocking revelation that there are two Dan Sullivans on the ballot. See, I dreamed this months ago. I remember, and somehow it became true. And I've since learned it was in the newspapers. It actually happened several months ago. But they saved this for the end. It's an unfair election. It questions the integrity. And this second Dan Sullivan was put up by the Democrats, which no one knows. It sounds to me like he's a little unusual. And that has a lot to do with it. He's a funny one. Yeah, he's a funny one. So I think we're going to, you have to be careful. We're still, we're not two weeks, but we're what? What is today? Friday. So we're a week and a few days ahead of the election. They can fit a lot in. This is Trump time. This is not the time we've all known throughout our lives. How much happens in a day with Trump as president? Give him credit for that. He has incredible energy. I'd like some of what he's taken. There's no doubt about it. I mean, so first off, we call ourselves raging moderates, but the reality is we're progressives, right? We're more, we're just not. But we're raging. Well, okay. The most accurate description of a podcast would be progressives who aren't crazy. But the, the, Democrats have the pulse right now. There's just no getting around it. But as someone who always sees the glasses half empty, and I'm looking for reasons why things might not break our way as hard as we think they are. We have the pulse, but Republicans have the paperwork. Support for the show comes from Rocket Money. We've all been there. You're signing up for a free trial, typing in your credit card, but telling yourself not to worry. This time, you'll definitely remember to cancel in two weeks. Don't worry, we've all lost a few bucks to that subscription we forgot about. But it gets even worse when you're looking at your bank statement and you start adding up how much money you wasted on a thing you don't even use. It's a particular kind of agony. And it's the agony that Rocket Money was built to solve. You can cancel subscriptions with a few taps and then build a budget with personalized insights and regular reports. So no hidden charges fall through the cracks again. Rocket Money is a personal finance app that helps find and cancel unwanted subscriptions, monitors your spending, and helps lower your risk. Let Rocket Money help you reach your financial goals faster. Join at rocketmoney.com slash moderates. That's rocketmoney.com slash moderates. rocketmoney.com slash moderates. I've interviewed countless politicians, and if there's one thing we all find disconcerting is when they butcher the facts with some biased half-truth. Give us a break already. So when I had the chance to debate conservative podcaster Ben Shapiro, our natural response was bring it on. Why? Because it was sponsored by USA Facts, and each debate segment started with a presentation of government data and facts. Employment, government spending, income data, housing, and more. The topic? The American Dream. Is it still within reach? We argued, we found some common ground, we actually debated, and there were no personal attacks. Watch the full debate on the USA Facts YouTube channel. We think you'll find it unlike any other debate. That is entertaining and informative. We hope you check it out. when you sign up with eligible direct deposit. Terms apply. Open your SoFi checking and savings account today at SoFi.com slash VoxBank. SoFi checking and savings is offered through SoFi Bank N.A., member FDIC. I looked at some data on registrations, and I think in the last four years, if I read the data correctly, Republicans have gained 2.4 million registrants, and Democrats have lost. SoFi Bank N.A. has lost 2.1 over the last four years. So the polls may be polling a different numerator of what the term is. I think the most significant thing that's going to come out of this election, because we're talking about money, other than who wins or who doesn't win, control of the Senate seems to be the fulcrum here. We're going to get control of the House. It's a question whether we get control of the Senate now, is money. And that is, if you look at what's happening in Texas, first off, we're spending more money. We're spending, I think, $11 billion. We're spending, I think, $11 billion versus $10 billion in this midterm. This is a midterm after a presidential election, and spending has gone up. This is the full local television station employment act, the amount of money that's being poured into this election. And I think this is going to have, I think this is going to be the biggest knock-on effect coming out of this election. And what do I mean by that? They're going to spend $850 million on a Texas Senate race. Mm-hmm. I believe they're spending almost a billion dollars to tell people in, what they already know. I think this is going to be the election where the ROI on money drops off the face of a cliff, where you just, for the first time, and we all talk about, and I agree, Citizens United is terrible and we need to do away with it. But if you can't buy a senator in deep red Texas for $850 million, and I think this is a wonderful thing, I think the ROI on money is about to hit an absolute record low. Yeah. I think it's a wonderful thing. And I think it's a wonderful thing. And I think the ROI on money is about to hit an absolute record low in this race. And the broader picture is, I think we've spent the last 40 years trying to determine, talking a lot about how to build wealth. I think we're going to spend the next 10 years or the next few election cycles talking about what are the responsibilities of wealth. And when you have one person, I think it's, he said 300 million so far at the midterms. These numbers are hard to wrap your head around. So let me help wrap our heads around that. Say you're worth a million dollars. You're worth a million dollars. And you're worried about potentially having your business go away, getting hauled in front of Congress. I mean, you have a real vested interest and keeping one party in power, if you had a million dollars, what would you think of putting, and you had a real interest in getting Republicans elected, would you put $300 into a campaign? That is the equivalent of what it means for Elon Musk to put $300 million into politics when he's worth a trillion dollars. And whereas before, why I've become much more progressive on tax structure, I generally think that the biggest threat, we talk about Citizens United, the biggest threat to democracy is that power corrupts and absolute power absolutely corrupts. And in a capitalist society with no campaign spending limits, a trillionaire can basically decide, I'm going to spend $300 to swing an election, and that we need progressive tax rates to, quite frankly, protect us from the tyranny of power. Because when someone, can take a small amount of money and pour hundreds of millions of dollars into an electorate, an election, and you realize just how this means nothing to him. It means, literally means nothing to him. That's a millionaire going out for a nice dinner, is what $300 million from Elon Musk spends. So one, I think the biggest outcome or the most navel-gazing as a society we're going to do is, one, the election experts are going to go, wow, the ROI on money, has just fallen off a cliff here, which I think is a wonderful thing. But also, what does it mean when you have individuals who, for the price of a nice dinner of a millionaire, can pour a quarter or a half a billion dollars into a campaign? So what you're talking about relates to, on some of the surveys, some of the big polls, like the latest Fox News poll, the number one issue in this election, which is corruption. And I was surprised to see that pop ahead, the economy. And I realized that they're intertwined, right? Because it's the idea that the little guy can't get ahead. Even the middle class guy can't get ahead. This is a country now only for the wealthy and the mega wealthy. And I've noticed my colleagues at Fox have started talking about what's going to happen once Democrats win more than they were before. And they're fear-mongering. Maybe that's not even fair, because some of this is going to happen. But about, all of the hearings that are going to happen once Garcia has the oversight gavel, they're going to be hauling in, not Donald Trump, but everyone around him. And his kids are going to come in and they're going to be looking into those government contracts. And whatever, I don't know if you guys saw this yesterday, the Vanity Fair piece that the GRU hacked Jared Kushner's phone, and he's made another $700 million off of bank accounts that he had in the Middle East, which, he had a $2 billion Saudi. So it's not particularly surprising. But all of these things will be coming up. And Elon Musk, who used Doge to personally get rid of folks that were looking into his businesses. When people say, what's the lesson of Doge? I say, Elon Musk fired all the inspectors generals that were looking into his companies and his dirty contracts. That's what it was. He got to take a sledgehammer to that. And now, once Democrats have the gavel, they're going to be looking into, what's the lesson of Doge? And what's the lesson of Doge? And the fact that there are Ukrainian civilians that are no longer here because they didn't have their protection system. And I don't know if that is something that actually motivates Republicans to come out, but I do think it is an interesting answer to the problem that you're talking about, Scott. If you can't actually fix campaign finance, you find a way to hold leaders, accountable, so that, yes, the ROI on this is dropping, but that they can't live with impunity anymore. And they can't go around, frankly, messing with us to this level. Just to throw in something in historical perspective, this is, by leaps and bounds, the most corrupt administration in American history. There's nothing like it. People keep saying, oh, Nixon. Nixon was about power. That's what he wanted more of. And some of you, a few of you are old enough to remember, it was all about power and retribution that he has in common with Trump. But the money, just there's never been anything like it to have a president enrich himself by $3 billion in a year and a half. And the kids over time are doing even better. And the son-in-law. And it's just shocking. And people shrug. Now, maybe it's connecting in the way you're suggesting here, because we have a bad economic situation. People are having a hard time. And we're not going to be able to do anything about it. There's not enough time for them to recover, no matter how many tricks come out of the bag, including vote fraud and all the rest of it, which I hope nobody here believes that that really exists. Please, come on, not more than a tiny, tiny number of votes. What unbelievable stupidity that people have seized on that and believe it. Curious, you said blue wave, and so I know that's your baseline. It's blue wave or blue tsunami. Of the kind of the big races that everybody has their attention focused on, Senate-wise at least, you know, Ohio, Iowa, Texas, North Carolina, I mean, Georgia's, you know, John Ossoff is doing fine. But I'd be curious to hear what you think about Keisha Lance Bottoms and how she does there. How do you think that the Senate map plays out besides that Susan Collins obviously is someone that surprises us? Yes, that's in a separate category. We're going to keep that one in a separate category. But I went up to Michigan because that one does interest me in lots of ways. There's a lot of cross-currents. And there I think it's – El-Sayed, believe it or not, is leading. Now, if he had been Rogers' opponent two years ago, Senator Rogers would be commenting on another race entirely right now. He would have defeated El Sayed. But if Rogers couldn't win with Trump winning Michigan, it was close, but it wasn't a tiny margin. It was enough of a coattail to elect Rogers running against Slotkin, who did get elected. then how is he going to win in a Democratic year when there are too many issues, even relating to Michigan, like the bridge? Don't go up there and ask about the bridge because that will be the end of your evening. And I'm not even getting into it. But the tariffs, the Canadian issue, because they're good friends with Canadians, and now they're hurting because Canadians have cut back. So I would say that's leaning Democratic. If we're surprised on one, that will be the one. but right now we have a slight bet on El Sayed. Kansas, we'll do that on election eve. I mean, it is a toss-up totally, and so is Iowa. Those two are just complete, total toss-ups, and the private info we're getting is also very contradictory. Texas, it's just that I still have terrors, night terrors, from all the previous races that my colleagues have gotten wrong. I just never participated. But there were some shocking mistakes by prior crystal ball groups, you know, betting on Beto O'Rourke. I had nothing to do with it. I was on vacation. I was out sick. I've come up with them all. But we've had too many goofs. And so he ought to win. That is, Tallarico ought to win. And I need to be careful because our UVA law graduate, the Republican nominee, yeah, they've admitted some interesting. people, RFK Jr. and the Republican nominee. I'm forgetting his name in Texas. Oh, that's right, Paxton. And there are a bunch of them. There are a bunch of them. I wonder how they explain that. I've never talked to them about that. They need a time tunnel to the future. They need to kind of look back and see what these people will end up doing. Anyway, Alaska, incredibly, I do think that Mary Peltola will win um that was one of the first ones that we felt was leaning democratic including the election method that has a lot to do with the fact that I think she might well win uh Nebraska you're right to mention it I'll be shocked if it happens but it's possible uh Mississippi and South Carolina the only shock there is that they're even vaguely close and that tells you that tells you what's happening with the sea you know what's it's roiling and it's building waves and you know i don't think they're going to win but darling graham in a very good survey that that were that we've seen recently she was only ahead by three points how can you only be ahead by three points if you're the sister of the senator who just died and it's south carolina and they're heavily heavily heavily red in republica i mean i believe it i don't think they were phony numbers but something's going on out there we always say that at the end something's going on out there? It's a great thing to quote after you're wrong. So the other thing I think Democrats are going to have to contend with it's one thing to be, you know, less, right? The question is on November the 4th, we're then 23 months and three weeks away from the big one, right? And it strikes me that right now, Democrats haven't really put forward a plan other than we're not Trump. And this is really awful. Trust us, we'll be different. But I think the challenge, I'm finally letting myself say it looks like we're going to do really well. And I'm going to do a lot of name dropping because I'm desperate for your affirmation. Running a business shouldn't feel like surviving a software group project. One app for accounting, another for inventory, another for sales, and somehow none of them talk to each other. That's where Odoo comes in, an all-in-one business management software that brings every part of your business together. From sales and accounting to inventory and marketing. 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New customer offer first three months only. Then full price plan options available. Taxes and fees extra. See mintmobile.com. I counsel a lot of potential hopefuls for the Democratic nomination for president. There's about 60 of them right now. And they'll text me and ask me for my advice, which is their way of sending me money. And my advice is like, okay, we've got to move from the party of indignance to ideas. Like literally within a couple of weeks of winning the election, we've got to say, all right, are we going to have a more progressive tax rate? Are we going to take the cap off social security tax such that we can make sure that it's secure? Are we going to, you know, figure out, single-payer option? Like what are your big, bold ideas? Because right now, the far left of the party has all the energy, because for God's sakes, at least they're coming out of the closet and saying stuff and saying, let's have X, Y, and Z, where the centrists are the kind of core of the Democratic establishment right now. Their basic value proposition is we're not them. So there has to be more kind of, I think, I think right away, crisply, the Democratic, if they in fact take all of Congress. We're going to have an impeachment reminiscent tour, no doubt about it. I think if the Senate goes 52-53 to Democrats, we'll start getting excited about a potential impeachment. I think that's a bad idea. I think immediately they need to put forward a growth agenda. This is how we're going to take corporate taxes up. This is how we're going to take people over alternative minimum tax for corporations. For people over a million dollars, everyone else's taxes are staying the same. And I do think it's time for Democrats, similar to the Clinton-Gore administration, to position themselves. And I think America is finally ready for an adult conversation around, okay, do we need to raise taxes or cut spending? The answer is yes. And I think the Democratic caucus would be well-served to come out and start touching third rails and say, folks, we've got to be the adult in the room here. You're interested. Your mortgage, your credit cards, your auto loan are all skyrocketing because we are no longer seen as the adult in the room, specifically the U.S. bond market. And we are going to have to make some hard choices. And we are the adults. We're not going to promise you $5,000 if you vote for us. We're going to promise you an adult conversation and everyone's going to have to take their medicine. And we are going to go after the $750 million tax cut. We're going to restore funding to the IRS. The biggest tax cut in history that no one talks about was the $750 million tax cut was the neutering of the IRS. All of the incentives for wealthy people and corporations now is just to say you owe no taxes and say, bring it. And there's no one to show up and audit you. Supposedly, there's $750 billion a year in uncollected taxes right now. I'm not talking about new taxes. I'm talking about taxes that are owed. But I would like to think that within, call it, 30 days, Leader Jeffries, the new speaker of the House, Speaker Jeffries, there'll be Leader Schumer, hopefully, or who knows what happens. Please, no. Okay. Larry said it for us. That's actually, I'll put that to you, Larry, about what you think might happen post among Democratic leadership. But I'm already to the point of, okay, just because voters hook up with us in the midterms doesn't mean they want to marry us. And we are going to have to sooner rather than later be more than not Trump. And I have trouble right now really articulating what the Democratic platform is other than getting very angry about social issues that, quite frankly, moderates don't give a shit about. Back to you, Larry. Can I, I want to talk about Larry's either weekend with Chuck Schumer or his long-term life with Chuck Schumer. But I want to say something about your point about the energy. I think you're right. I watch the rallies and any rally with AOC is a better rally. And that's, she's magic that way. And even Bernie Sanders, 84, 85 now, he has more energy than Donald Trump does in his rallies. The people are also alert around him as well. But I think that we are missing, and I don't want to be too mushy, moderate about it or so in love with these characters, but there is a different kind of excitement going on on the ground, like in North Carolina for Roy Cooper that doesn't manifest in your algorithm the same way. It doesn't show up in your screen in the same way. But you look at the turnout numbers there, which are wild, enormous. You look at what's going on in Georgia and John Ossoff, I think is the blend, right? Because he's made for TV or movie. I mean, he was a documentarian. But he has moderate bona fides with progressive juice, right? Which feels like why this should be the candidate. But people on the ground are going wild in their own way for these moderates. And what I would love to happen, and if you guys listen to Raging Moderates, then I will be boring you with this. But go talk to these candidates. You get their top three policies. I was just watching Roy Cooper's closing ad. He's talking about affordable housing and cutting taxes and making sure you all have health care. That's literally all anyone cares about, right? In Texas, they're sending that weird trans mailer around that actually originated in Wyoming. And regular people are saying, I'd like health insurance, right? So just spend a couple days on the ground with these people, like Rob Sand in Iowa, who's exciting people because he's talking about what it means to be an auditor, like the world's most boring job, right? But what it does is it holds people accountable. And that's what people are hunting. So you take their ideas and then you make them into three or four bumper sticker policies that Democrats can put if you still have your Tesla and you haven't gotten that mad at Elon Musk, whatever you put on the back of your Tesla or your Subaru or whatever the stereotypical car is. And you can ride around saying we're the party of building 10 million affordable housing. Housing units or we're the party of universal health care. And people will feel so much better about you. Just like talk to the more boring people about how they're pulling this off because folks are excited by someone that has proven they can deliver and shows you that they've listened to what you want to happen and that they're going to fight for you. I was enjoying listening to you, but half of my brain was thinking, so I'm not getting that five grand. You're in the 13 percent that thought you were going to get that five grand. I was in the 13 percent that thought I was going to get it. Not only did I think I was going to get it, I already spent it. Because when you get older, you don't want to take a chance. Get rid of it fast. Look, I'll just comment on two things that you all brought up, and I'm glad that you mentioned both. First, let's get rid of the leadership question. Now, Hakeem Jeffries, fine. Get used to saying Speaker Jeffries. That's way over. Believe me, it's way over. And not just his getting the speakership, but the House of Representatives. So the progressives won't get him? Well, this is why conservatives actually should be rooting for Democrats to get 230, 235 seats in the House, at least, because that will guarantee that the The Democratic Socialists will not be the tail that wags the dog, as we all remember from Germany and other situations around the world. You don't want the tail wagging the dog. So he's in, and he's new. But Schumer, now look, I have nothing against him personally. And so we got 50 states plus the District of Columbia and some territories. And you're going to tell me that both the Democratic leaders should be New Yorkers with a New Yorker accent and New Yorker perspectives and a New Yorker culture, which is wonderful. I love you, all of you New Yorkers. I love you. Brooklyn hate. Yeah, I mean, come on. No, it's not Brooklyn hate. Hey, there's the Midwest, which is critical, and there's the Rocky Mountain states and the border south and the south and the Pacific states. So who do you think it is? Huh? Who do you think replaces Schumer? I'm just going to tell you. Who beats him? I don't know that anybody will run. I don't think anybody will run against him, although he may also step down if a certain number of people tell him to. Now, I'll tell you one who's been mentioned. He's going to kill me for mentioning his name, but I can't help it because I just heard it at a speaking engagement Tuesday night in Norfolk. And that's our own Tim Kaine. Now, some people would say, oh, he's too mild-mannered. Do you think maybe the country needs just a little bit of mild-manneredness? I mean, I would welcome it. Of course, I'm old, okay? I don't have the energy. So the young people. They all want to scream and yell. But that's one thing. So thank God you brought that up. But the other thing is, and you're going to hate this, those of you who are Democrats, would you please resist the impulse to launch into impeachment? It is doomed to fail, and you're going to strengthen Trump. Really, it makes no sense. Zero chance of a conviction. Really, it's just what you all. I can tell why millions listen to you. I can also tell why you're not in public office. Because you make too much sense. But people want to get excited. They want to get excited. They want to impeach the president. They'll impeach him, but they won't convict him. Now, you know, I could be convinced about the Secretary of War. I guess that's possible. But you know who he is, right? I can't believe you said Secretary of War, though. Even mockingly. Because I'm on the one hand and on the other hand kind of guy. That's beautiful. I'm trying to help. One thing I wanted to ask. So part of the monster turnout that we're seeing, especially in Georgia and Texas, is with voters of color and young voters, which as someone who's nostalgic for the Obama coalition, I'm like, is it happening? Like, are we back? Is this like what's going on? And I'm curious as to what your read is on not just the motivation. The motivation is there's less money in their wallets. And no new wars. And we're in this war in Iran and the corruption. But do you feel like they're going to be a permanent political volleyball type of group? Or that there's a real coming home sensibility about it? Well, I remember a wonderful book that Larry O'Brien wrote, the former DNC chair. And he was an aide to Kennedy and then LBJ. And actually helped to carry. He helped carry Kennedy's casket up into Air Force One. And he wrote a book after his time as chair of the DNC. And it was entitled, I believe, No Permanent Friends, No Permanent Enemies, something like that. There's nothing permanent in our politics, maybe in anybody's politics. But for the time being, with Latinos and young people, this is the best news Democrats have gotten in years, really, since Obama. You're absolutely right to compare it to that. Now, whether they can maintain it depends on what they do. Whether they can deliver. If I were active in the Democratic Party, what would worry me is that people may look at the Democrats who've just been elected, maybe to control both houses, and say, well, why haven't you produced? You've been big talkers. And you said you were going to do this. You said you were going to do that. And they forget that there's a veto power. And also, you may have noticed President Trump is not really that keen on following the letter of the Constitution or the statutes. And his people are worse. So things aren't going to get done. It's not going to be like you think it's going to be. It's going to be two years of preparation for 2028. Will people understand that, particularly young people, particularly non-college white males, particularly non-college Hispanics? Will they get it? And I think Democrats are going to have to spend a lot of time explaining why their ideas are good, but also why they aren't happening. Because people don't even understand how our system works. It's depressing. That's my field. We have failed. I think that's it for live raging moderates at the Center for Politics. Thank you again. And I want to tell you, you may or may not know this, but we have had a slogan, which we've used. I've used it throughout my career. And we've used it since the Center opened in 1988. 1998. One, you know, 10 years, you know. It all blurs, I told you. But the slogan usually causes people to be, to cringe. Or, you know, to grimace. But I think you two just proved why it's valid. And our slogan is, politics is a good thing. Thank you for being exemplars of good politics. Thank you. Thank you. Thank you, Larry. Thank you, Larry. Thank you, Larry. Thank you, Larry. on Carvana. Delivery fees may apply. See our 7-day return policy at Carvana.com.

Podcast Summary

Key Points:

  1. Rising income inequality is widening the gap between young people and older generations, with those under 25 experiencing a 23% wealth decline since 2022 while those over 75 grew wealth by 34%.
  2. Voter turnout, especially among young men and voters of color, is surging in key states like Texas and Ohio, signaling anger at current political leadership and a demand for change.
  3. Major political shifts are evident in swing states like Texas, Kansas, and Iowa, where Democrats are gaining ground despite Republican spending surges, particularly in Senate races.
  4. The effectiveness of campaign spending is declining, with record investments in Texas—like $850 million for a Senate race—failing to resonate, indicating a crisis in the ROI of money in politics.
  5. A growing public concern over corruption, transparency, and wealth concentration is emerging, with issues like Elon Musk’s business practices and foreign-linked financial dealings becoming central to voter discourse.
  6. Democrats are being urged to shift from reactive, anger-based messaging to a clear, bold plan centered on progressive tax reform, affordable housing, and universal healthcare.
  7. The political landscape is shifting toward a "red riptide" rather than a blue wave, with disenchanted voters—especially young men—desiring change over party loyalty.
  8. Voter engagement is being driven by grassroots connections and real policy messaging, not just rallies, showing that authenticity and on-the-ground delivery are key to winning trust.

Summary:

S. election is being shaped by deepening economic inequality, rising voter disillusionment, and a surge in youth and minority turnout—particularly in states like Texas, Ohio, and Georgia. Data shows a dramatic wealth reversal: older Americans have grown wealthier by 34% since 2022, while those under 25 have lost 23%, fueling a desire for systemic change.

This shift is reflected in voter behavior, with early voting numbers indicating widespread anger at political establishment and incumbents. Despite massive spending—especially in Texas—campaigns are seeing diminishing returns, suggesting that money alone can no longer sway voters. A key concern is the growing perception of political corruption, highlighted by figures like Elon Musk and former President Trump, which is now the top issue in public polling.

Democrats are urged to move beyond messaging of opposition to Trump and instead present concrete, bold policy plans—such as progressive tax reform, universal healthcare, and affordable housing—to rebuild trust. The political mood is not one of a predictable blue wave, but a “red riptide” of disengaged voters seeking alternatives. Success will depend not just on turnout, but on delivering tangible, relatable policies that resonate with everyday people.

Meanwhile, the debate over campaign finance, transparency, and accountability is intensifying, with experts warning that unchecked wealth influence threatens democratic integrity. As the election nears, political parties are being pushed to prioritize authenticity, clarity, and real-world solutions over empty rhetoric.

FAQs

The debate focuses on whether the American Dream is still within reach, using government data from USA Facts to frame the discussion and provide factual context.

People over 75 have seen a 34% increase in wealth since 2022, while those under 25 have lost 23% in wealth, indicating growing economic disparity.

It describes a political shift where voters, particularly young men, are disenchanted with both parties and are turning out to vote for change rather than aligning with one party.

Republicans are spending heavily—up to $11 billion in total—on campaigns, including $850 million in a Senate race, but ad effectiveness is declining, suggesting a drop in return on investment.

Corruption is a top concern for voters, especially regarding wealthy individuals like Elon Musk and Donald Trump, who are linked to significant financial and political influence.

Democrats should present bold, clear policy ideas like progressive tax reforms, universal healthcare, and affordable housing, while moving beyond just being 'not Trump.'

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