Your Daily Newt: Pitt the Youngest

Newt Gingrich (left) and Pitt the Younger.James Colburn/ZumaPress; <a href="http://en.wikipedia.org/wiki/File:Pitt_the_Younger.jpg">Wikimedia Commons</a>

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As a service to our readers, every day we are delivering a classic moment from the political life of Newt Gingrich—until he either clinches the nomination or bows out.

Newt Gingrich had been Speaker of the House for all of six days in 1995 when he made a triumphant appearance at DC’s Mayflower Hotel to give a major address entitled “From Virtuality to Reality.” It was Gingrich distilled to his concentrated essence, interspersing musings on Americans’ conception of speed limits, the merits of creating a federal entitlement for laptops (it would be “dumb”), the Wealth of Nations, and the works of the futurist power-couple Alvin and Heidi Toeffler. It was conservatism at its most Newt Agey: “Virtuality at the mental level is something I think you’d find in most leadership over historical periods,” Gingrich told his audience.

Perhaps no leader better embodied those characteristics, Gingrich explained, than 18th-century British prime minister William Pitt, better known as “Pitt the Younger.” As Newt put it:

I think equally useful is to look at the role of Pitt the Younger in the 1780s and 1790s. Because Pitt the Younger—surrounded by the disciples of Smith—rationalizes British tax policies to create the commercial environment in which so much wealth is made, the people are able to fight the Napoloeonic wars and Britain is able to carry virtually the entire financial weight of the alliance against Napoleon in a way that would have been literally impossible without Adam Smith’s intellectual ideas being transmitted into the tax policies of Pitt the Younger.

Whew, long sentence. Gingrich’s point was fairly straightforward, though: Pitt the Younger had the ability to look at the big picture rather than simply the task at hand; think big thoughts; and then apply those big ideas “directly to the modern world.” It was a quality Gingrich considered seriously lacking in most politicians not named Newt Gingrich.

But there was another side to Pitt’s reforms that Gingrich chose to downplay. Pitt paid for the Napoleonic wars by raising taxes. Specifically, he implemented the first-ever income tax—and not just any income tax, but a progressive income tax. Also, as Adam Gopnik points out, he was “probably gay.”

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WE'LL BE BLUNT.

We have a considerable $390,000 gap in our online fundraising budget that we have to close by June 30. There is no wiggle room, we've already cut everything we can, and we urgently need more readers to pitch in—especially from this specific blurb you're reading right now.

We'll also be quite transparent and level-headed with you about this.

In "News Never Pays," our fearless CEO, Monika Bauerlein, connects the dots on several concerning media trends that, taken together, expose the fallacy behind the tragic state of journalism right now: That the marketplace will take care of providing the free and independent press citizens in a democracy need, and the Next New Thing to invest millions in will fix the problem. Bottom line: Journalism that serves the people needs the support of the people. That's the Next New Thing.

And it's what MoJo and our community of readers have been doing for 47 years now.

But staying afloat is harder than ever.

In "This Is Not a Crisis. It's The New Normal," we explain, as matter-of-factly as we can, what exactly our finances look like, why this moment is particularly urgent, and how we can best communicate that without screaming OMG PLEASE HELP over and over. We also touch on our history and how our nonprofit model makes Mother Jones different than most of the news out there: Letting us go deep, focus on underreported beats, and bring unique perspectives to the day's news.

You're here for reporting like that, not fundraising, but one cannot exist without the other, and it's vitally important that we hit our intimidating $390,000 number in online donations by June 30.

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