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The President Of The 0.00001 Percent

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February 13, 2026
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The President Of The 0.00001 Percent
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“I didn’t know the swamp was this soiled and this deep. I didn’t know concerning the swamp creatures being as unhealthy as they’re,” – Donald Trump in a 2020 marketing campaign video.

Nobody cares, Matt Yglesias argues. And I get it. I’ve by no means been a kind of journalists — like, say, Josh Marshall — who focuses on corruption in politics. These tales can get difficult/boring in a short time, contain plenty of opaque monetary jargon and know-how that I’ll by no means perceive; and in America, they not often take politicians down nowadays until the grift is actually epic.

However nonetheless.

What’s happening now in Washington is on an entirely new scale — an open, shameless train by these in energy to profit personally and massively from the leverage that comes with public workplace. Within the phrases of Ann Coulter: “That is essentially the most corrupt presidency in U.S. historical past. I imply, it’s so blatant it’s proper in entrance of our eyes.”

Worse than the “Biden Crime Household?” Sure. Andy McCarthy notes that the overall quantity of soiled cash accrued by the Bidens over time was claimed to be round $27 million. And the GOP almost launched an impeachment over it! However the Trump household? Begin with $2.5 billion in bribes from the United Arab Emirates — funneled into an organization referred to as World Liberty Monetary. Add a $400 million 747 airplane from Qatar, and we’re speaking actual cash.

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How did the Trumps pull this off? The incomprehensible bullshit referred to as crypto forex (i.e. WLF) induces a coma in most voters; and the moral conflicts are “resolved” by having the failsons of Trump, Howard Lutnick, and Steve Witkoff “run” the companies whereas their dads direct authorities coverage. Right here’s nepo-baby Zach Witkoff at a crypto convention in Dubai final 12 months announcing the cope with WLF, sitting subsequent to the heir-spare Eric Trump:

We actually have to take a web page out of His Highness’s and the Emirates’ e book. They’re simply a tremendous instance of how one can lead with innovation whereas additionally sustaining your loved ones values.

Ah sure, these well-known Trump household values: cash, energy, rape. And as soon as the cash landed within the Trump crypto accounts, after all, authorities coverage modified. Trump gave the UAE uncommon and superior AI chips, introduced the UAE into the US Stargate AI venture — together with an possession slice of TikTok — and pardoned the sleazy billionaire felon, Changpeng Zhao, who had helped seal the deal with WLF. Not simply corruption, however presumably on the expense of our nationwide safety, if these UAE chips make it to the CCP.

That is the actual Epstein class: completely amoral networkers and nepotists with no loyalties to something however their absurd financial institution balances and get together invites. And that is their administration. From the dime-store Versailles that Trump is developing on the rubble of the East Wing, to the Gaza wasteland the place Jared Kushner is now making ready to money in after the slaughter, this can be a kleptocracy notable for its callousness in addition to its insatiable money-lust.

I consider that day a 12 months in the past that Elon Musk posted the next on X:

We spent the weekend feeding USAID into the wooden chipper. Might gone to some nice events. Did that as an alternative.

After which I consider the tens of hundreds of the poorest kids on earth who had been about to die in a matter of months as a direct consequence. If you happen to want a face to go along with these statistics, here is Suza Kenyaba — a 5-year-old lady who died of malaria after life-saving meds had been stymied by Musk’s wooden chipper. I’m not one to despise the wealthy and profitable. However this sort of wealthy and evil? Yeah, I can despise them.

Which is why I’m not as certain as Matt Y {that a} in style revolt towards the corrupt nihilism of the 0.00001 p.c is a complete non-starter. You may tangibly really feel the load of this monumental overhang as common individuals are having hassle affording groceries and their electrical payments. The knowledge confirm this:

Between 1989 and 2022, the [top] 1 p.c added 100 instances as a lot wealth as these on the nationwide median, and between 1982 and 2022, the share of nationwide wealth owned by the highest 0.00001 p.c has risen by an element of just about 10.

Add to that the sheer amoralism of the Epstein class, its nihilist capacity to miss the child-rapes of Epstein or the IDF’s bloodbath of kids in Gaza, its reckless pursuit of unfettered AI, and its try to regulate the media: and we might have a motion. Senator Ossoff has the right idea right here:

We had been advised that MAGA was for working-class Individuals. However this can be a authorities of, by, and for the ultra-rich. It’s the wealthiest Cupboard ever. That is the Epstein class. They’re the elites they faux to hate.

Certainly they’re. Steve Bannon, Epstein’s shut buddy, is chief among them — however Ossoff calls out George Soros as nicely, in a small Sister Souljah second. The one factor the Epstein information present is how this coterie of super-rich and their hangers-on spans left and proper: there’s Noam Chomsky, Woody Allen, Deepak Chopra, Larry Summers, and, my favourite, Kathryn Ruemmler — a Goldman Sachs Obama alum past good and evil.

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This can be a second for a sane, non-fake populist on both the correct or left to grab. You don’t want a gimmick like a 5 p.c billionaire tax. However you may reverse Trump’s tax cuts for the wealthy to fund childcare and Obamacare subsidies; and you’ll decrease costs immediately should you decide to repealing the tariffs. These seemingly “left” strikes are literally conservative in a manner, since they’re designed to rescue capitalism from this statist, crony model, and to supply ballast for the center class — the important element for a liberal democracy to thrive.

And if the Dems win in November, we will even have hearings. Carry within the corrupt nepo-babies for a grilling; expose their privilege and ill-gotten positive aspects; and make the case for an economic system constructed on markets not entry, excellence not parentage, and an economic system constructed on middle-class values for middle-class safety.

We don’t must resign ourselves to this stage of corruption and inequality. We actually don’t. If this new Gilded Age has any silver lining, it could be that it turns into a immediate for the very form of reforms the outdated one did.

(Notice to readers: That is an excerpt of The Weekly Dish. If you happen to’re already a paid subscriber, click here to learn the total model. This week’s challenge additionally consists of: a dialogue with Zaid Jilani on the state of the Dems; my response to 2 writers defending Trump; a dissent from Steven Pinker; extra dissents from readers and listeners on quite a lot of matters; 9 notable quotes from the week in information; 17 items on Substack we advocate this week; a musical mashup for a Psychological Well being Break; a uncommon window view from Antarctica; and, after all, the outcomes of the View From Your Window contest — with a brand new problem. Subscribe for the total Dish expertise!)

From a brand new subscriber on why she pays for the total Dish:

I actually need dispassionate voices in relation to these instances. When the vocabulary turns into loaded, or the factors exaggerated, I really feel polarization in me rising and my peace robbed. I can respect criticism of both the correct or the left, nevertheless it should be balanced. I crave context, the big-picture, sample recognition, and identification of unseen penalties.

I discover clever folks’s defenses of Trump’s insurance policies fascinating. Two current circumstances.

(Learn the remainder of that piece here, for paid subscribers.)

Zaid is a younger center-left journalist (after the younger center-right journo we had on final week, Jason Willick). Zaid labored as a reporter for The Intercept and as a reporter-blogger for ThinkProgress, United Republic, the Progressive Change Marketing campaign Committee, and Alternet. He’s now on Substack at “The American Saga” — subscribe!

Take heed to the episode here. There you could find two clips of our convo — on what the Dems ought to do on immigration, and whether or not Ossoff and Buttigieg might be sturdy contenders for the presidency. That hyperlink additionally takes you to commentary on our pods with Jason Willick and Jon Rauch. Dishheads additionally talk about Epstein, transing youngsters, local weather change, and liberals turning to weapons.

Browse the Dishcast archive for an episode you may take pleasure in. Arising: Sally Quinn on the WaPo and silent retreats, Michael Pollan on consciousness, Jeffrey Toobin on the pardon energy, Derek Thompson on abundance, Matt Goodwin on the UK political earthquake, Jonah Goldberg on the state of conservatism, Tom Holland on the Christian roots of liberalism, Adrian Wooldridge on “the misplaced genius of liberalism,” Tiffany Jenkins on privateness, and Kathryn Paige Harden on the genetics of vice. An abundance of riches! And a number of studying for yours actually!

As all the time, please ship any visitor recs, dissents, and different feedback to dish@andrewsullivan.com.

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Steven Pinker responds to final week’s column, “Notes On Epstein:”

You requested “What was Steven Pinker pondering?” with the implication that I used to be a prepared affiliate of Epstein. I do know the query was rhetorical, however let me reply it.

I disliked Epstein from the second I met him, judging him to be a sleaze and an impostor. I by no means sought his firm, by no means solicited or accepted funding from him, was by no means invited to his mansion or island, and wouldn’t have accepted. However as we all know, Epstein was an obsessive collector of celebrities, together with tutorial celebrities, and he was tight with an astonishing variety of my shut colleagues, making it troublesome to flee associations with him. These included my Harvard colleague and co-teacher Alan Dershowitz; my PhD advisor, division chair, and dean Stephen Kosslyn; my Harvard colleagues Lawrence Summers, Lisa Randall, and Martin Nowak; my former MIT colleague Noam Chomsky; my literary agent John Brockman; and the Director of the ASU Origins Mission, Lawrence Krauss. I’m astonished that these good folks took Epstein critically.

On the 2 events once I was pressured into his firm, I discovered him to be a deeply unserious and attention-deficit-disordered smart-ass.

Learn the remainder of that lengthy response, together with different dissents, on the pod page. As all the time, please hold the criticism coming: dish@andrewsullivan.com.

Support good-faith debate

I went on Mark Halperin’s pod to speak concerning the Epstein class, the Dems’ probabilities, and Trump’s everlasting stain on America:

I additionally had a long discussion with Rob Montz about Tucker’s edge-lord episode with the troubled Milo Yiannopoulos over the query, “Is gayness a trauma response?” — and different unsettling questions. (I look terrible within the vid — fats, ugly and horizontal— so it’s only a hyperlink. I swear my physique fats is 16 p.c as of final week.)

This can be a function within the paid model of the Dish spotlighting about 20 of our favourite items from different Substackers each week. This week’s selection covers topics such because the political impression of AI, a brand new wildly in style world chief, and dealing with on-line habit. A couple of examples:

  • The theocratic thugs in Iran are holding corpses for ransom.

  • This piece by Jesse Singal explains why so many medical doctors stood by whereas youngsters had been experimented on.

  • Greenwald returns to Substack!

Here’s a list of the substacks we advocate typically — name it a blogroll. If in case you have any solutions for “Within the ‘Stacks,” particularly ones from rising writers, please tell us: dish@andrewsullivan.com.

The place do you suppose it’s situated? E-mail your guess to contest@andrewsullivan.com. Please put the situation — metropolis and/or state first, then nation — within the topic line. Proximity counts if nobody will get the precise spot. Bonus factors for enjoyable information and tales. The deadline for entries is Wednesday at 11.59 pm (PST). The winner will get the selection of a VFYW book or two annual Dish subscriptions. In case you are not a subscriber, please point out that standing in your entry and we provides you with a free month sub if we choose your entry for the competition outcomes (example here should you’re new to the VFYW). Contest archive is here. Joyful sleuthing!

The outcomes for this week’s window are coming in a separate e-mail to paid subscribers later at the moment. Right here’s an entry from last week from the ever-creative sleuth in San Mateo:

I believe VFYW wants a emblem:

Perhaps I ought to use the Weekly Dish colours:

Or possibly Dusty must be searching the window:

Unbelievable. See you subsequent Friday.



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