This week, Ron Steslow and Mike Madrid (Author of The Latino Century) discuss the proposed wealth tax on billionaires in California, the signs of worsening economic conditions, and how class warfare could dominate our politics.

In Politicology+ they discuss the redistricting wars, the Supreme Court case that could upend a central part of the Voting Rights Act, how Latinos becoming the largest minority group will make us rethink what being a “minority” even means, and how partisanship is becoming our primary identity.

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Related Reading: 

Axios - What to know about California's billionaires tax ballot proposal - Axios San Francisco

Fortune - Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

WSJ - Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite

CNN - Live updates: Fed looks set to cut rates for second time this year despite data blackout due to government shutdown | CNN Business

Fortune - The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich get nervy that means recession

The Bulwark - My Last Day as an Accomplice of the Republican Party

The Great Transformation - Leaving MAGA - The Great Transformation with Mike Madrid

SOFR Volume November 2023-Present 

Fed Balance Sheet QE/QT 

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