Four Point Six

Somebody fed BuzzFeed a recording of a stemwinding speech Condoleezza Rice gave at a Romney fundraiser in June, and apparently her criticism of President Obama’s “narrative” has conservatives everywhere cheering:

It is a narrative that is being pushed by our current president, that “I’m doing poorly because you’re doing well.” That has never been the American narrative. Ours has never been a narrative of aggrievement, and ours has never been a narrative of entitlement.

I just want everyone to be absolutely clear on what this “narrative of aggrievement” is all about. It’s about Obama’s proposal that the marginal tax rate on income over $400,000 should rise from 35% to 39.6%.

That’s your aggrievement. That’s your entitlement. That’s your socialism. That’s your class warfare. An increase in the top marginal tax rate of 4.6 percentage points.

Four. Point. Six.

This is what America’s most prosperous citizens are up in arms about. This is why Barack Obama is an enemy of capitalism. These are the spiteful shackles he proposes to use to subjugate America’s engines of job creation. It’s the reason America’s wealthiest citizens are so frightened about the future of their country.

4.6 percentage points. Just let that sink in.

One More Thing

And it's a big one. Mother Jones is launching a new Corruption Project to do deep, time-intensive reporting on the corruption that is both the cause and result of the crisis in our democracy.

The more we thought about how Mother Jones can have the most impact right now, the more we realized that so many stories come down to corruption: People with wealth and power putting their interests first—and often getting away with it.

Our goal is to understand how we got here and how we might get out. We're aiming to create a reporting position dedicated to uncovering corruption, build a team, and let them investigate for a year—publishing our stories in a concerted window: a special issue of our magazine, video and podcast series, and a dedicated online portal so they don't get lost in the daily deluge of headlines and breaking news.

We want to go all in, and we've got seed funding to get started—but we're looking to raise $500,000 in donations this spring so we can go even bigger. You can read about why we think this project is what the moment demands and what we hope to accomplish—and if you like how it sounds, please help us go big with a tax-deductible donation today.

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