Right before our eyes, a mega-billionaire is buying the presidential nomination of a political party, and oddly enough, it is the party that decries inequality of wealth and whose leading lights debate taxing billionaires out of existence.   This will not end well for the Democrats.  Bloomberg is luring the party’s elites into visibly betraying the principles most of its rank-and-file hold dear and identifying themselves as sellouts who can be bought by sheer force of lucre. A bitter split will be hard to avoid. Holman Jenkins of the Wall Street Journal gets right to the point in his headline” “Bloomberg buys the Democratic elite.” It is not the rank and file getting rich off of Bloomberg, but rather the ostensible leadership class, and therein lie the seeds of destruction for the party that purports to be about the common man, woman, and nonbinary individual.   He’s distorting the incentives of activists, officials and campaign...(Read Full Post)