In this week’s episode of our 'Useful Idiots' podcast, hosts Matt Taibbi and Katie Halper are joined by Felix Salmon, chief financial correspondent at Axios and host of the Slate Money podcast
, Wall Street’s prospects in the 2020 campaign, Trump pardoning Michael Milken , and Jeffrey Epstein’s brother Mark and the destruction of Cooper Union.politics editor Patrick Reis to walk us through the mental backflips of some recentSalmon breaks down Bloomberg’s role as a post-mayor philanthropist, along with a larger context of how philanthropy functions and it’s distinctions from charity.
The trio discusses Bloomberg’s progressive campaign platform regarding Wall Street financial industry, comparing his platform to Warren’s — minus breaking up the banks. They also look at the striking differences between Bloomberg and Trump’s respective piggy banks, as Salmon points out that “Bloomberg’s annual income is greater than Trump’s net worth.”
According to Salmon, if Sanders ended up beating out Bloomberg and the rest, “this would be the first election ever where you don’t really have a candidate of the coastal elite; you don’t have a candidate of Wall Street.” And when it comes to grand policy ideas, Salmon refuses the premise of the age-old question: How are you going to pay for it?
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