august 1998

When ProPublica published its report last week on the tax profiles of 25 of the richest Americans, jaws dropped across the United States. How was it possible that plutocrats such as Elon Musk, Jeff Bezos, and Warren Buffett could pay nothing in income taxes to the federal government? What sneaky sleights of pen, what subterfuge, what acts of turpitude could have led to this result?

The shock stems, in part, from a disturbing reality: Nowhere does ProPublica assert that these men cheated, lied, or did anything felonious to lower their tax burdens. The naked fact of the matter is that not a single one of the documented methods and practices that allowed these billionaires to so radically minimize their tax obligations was illegal.

The 89 people who work at Buffer, a company that makes social-media management tools, are used to having an unconventional employer. Everyone’s salary, including the CEO’s, is public. All employees work remotely; their only office closed down six years ago. And as a perk, Buffer pays for any books employees want to buy for themselves.

So perhaps it is unsurprising that last year, when the pandemic obliterated countless workers’ work-life balance and mental health, Buffer responded in a way that few other companies did: It gave employees an extra day off each week, without reducing pay—an experiment that’s still running a year later. “It has been such a godsend,” Essence Muhammad, a customer-support agent at Buffer, told me.

The worst things can happen on the most beautiful days. My family’s worst day was a perfect one in the summer of 2019. We picked my daughter up from camp and talked about where to go for lunch: the diner or the burger place. I don’t remember which we chose. What I do remember: being woken up, again and again, by doctors who insist on asking me the same questions—my name, where I am, what month it is—and telling me the same story, a story that I am sure is wrong.

“You were in a car accident,” they say. But this cannot be. We’re having lunch and then going on a hike. I had promised the think tank where I work that I’d call in to a 4 p.m. meeting.

“You are in Dartmouth-Hitchcock Hospital in New Hampshire.” Another ludicrous statement. I started the day in Vermont. Surely if I had crossed the river to New Hampshire I would know it.

A torrent of new revelations is filling in the picture of how Donald Trump used, and abused, his authority as president. But the disclosures may serve only to underscore how little remains known about all the ways in which Trump barreled through traditional limits on the exercise of presidential power—and highlight the urgency of developing a more comprehensive accounting before the 2024 election, when he may seek to regain those powers.

The steady flow of discoveries over the past few weeks has been damning. Emails show how both Trump and his White House Chief of Staff Mark Meadows pressured the Justice Department to support the former president’s baseless claims of widespread voter fraud in 2020. A previously unheard tape captures how Rudolph Giuliani, as Trump’s attorney, explicitly pressured Ukraine to manufacture an investigation against Joe Biden—the issue that prompted the former president’s first impeachment. Even more ominous has been the disclosure that the Justice Department under Trump subpoenaed communications records of journalists, Democratic members and staffers in the House of Representatives, and even Trump’s own White House counsel, all without their knowledge.

The BlackRock saga sounds grotesque. At a time of maximal desperation in the U.S. housing market, giant investment banks, such as BlackRock, are buying up some of the few houses left on the market, boxing families out of the American dream. They’re turning these homes into rental units that they will, in some cases, leave to decay. Such faceless institutional investors are reportedly more likely than ordinary “mom and pop” landlords to aggressively raise rent—and evict people who can’t afford it.

Americans don’t agree about much, but they seem united in believing that this is a despicable state of affairs. In the past few days, institutional housing investors have drawn criticism from Fox News and Republican politicos as well as left-wing commentators.