America

No one is safe from a wealth tax

No matter how many jurisdictions discover the hard way that wealth taxes backfire, in California an initiative is collecting signatures to put a ‘one-time’ (ha!) 5 per cent tax on the net worth of the state’s roughly 200 billionaires on November’s ballot. Hey, those guys are rich. They won’t even notice. But the funny thing about people and money is that even folks with lots like to keep it. The 2026 Billionaire Tax Act is slyly retroactive, a variety of pre-crime legislation – applying to anyone resident in California on 1 January this year, looping a bungee cord around the ankles of would-be absconders. Thus billionaires such as Peter Thiel scrambled to establish a presence in a lower tax state before midnight on New Year’s Eve.

The censors are winning

They say you should never meet your heroes, a rule that is not always correct. But I did have a salutary session some years ago when a friend in New York asked me if I wanted to meet a comedian I really do admire. I had been looking forward to the meeting, but unfortunately it took place during the summer of 2020. If you remember those far-distant days, this was a time when America was obsessing over the story of alleged disproportionate police violence against black Americans. One of the cases was that of a woman named Breonna Taylor. Although the case for the police’s actions and the victim’s innocence revolved around a number of issues, the main one was whether officers should have shot when they did.

Behind Wes Anderson’s infamous sensibility

Woody Allen once sardonically described the fans of his films as being divided between those who liked the “early, funny ones” and the later, darker pictures. Much the same might be said of another famous WA: Wes Anderson, who has established himself as one of American cinema’s most significant auteurs despite no longer living in the country – he hops between England and France. Like most auteurs, his films are more succèss d’estime than they are succèss de box office, but he has the cream of Hollywood lining up to work with him and commands respect among actors young and old. Anderson is rightly celebrated – or castigated – as a visual stylist, but he has enormous flair as a screenwriter Anderson’s visual sensibility is infamous.

The depth of Edmund de Waal

“I’m very, very proud of making pots,” says Edmund de Waal. “I don’t call myself a conceptual artist.” He is putting the finishing touches to an exhibition of ceramic sculptures at Gagosian’s Beverly Hills gallery. Around the walls are sleek, tiered vitrines filled with porcelain vessels, along with a sequence of smaller gold-painted boxes – “reliquaries,” as de Waal calls them, inspired by the early Renaissance master Duccio. “I hate the word minimalism. I find it completely useless as a term.” In the last 20 years, de Waal has risen from the status of a humble ceramicist to become one of Britain and America’s leading contemporary artists, best known for his multipart installations of pots.

Portrait of the week: Digital IDs ditched, unrest in Iran and an app to check you’re not dead

From our UK edition

Home The government dropped plans to make digital ID compulsory to work in Britain. Sir Keir Starmer, the Prime Minister, called it ‘disgraceful’ that Grok, the online tool on Elon Musk’s X, could undress pictures of people. X limited the function to subscribers, but Liz Kendall, the Technology Secretary, said that the government would back Ofcom if it decided to block X in Britain. ‘They just want to suppress free speech,’ Mr Musk wrote on X. Sir Keir, due to visit China this month, was warned by some Labour MPs not to approve a vast new Chinese embassy in London. The government signalled a U-turn on increases to business rates for pubs in England before the ink was dry on the Telegraph’s Save Our Pubs campaign.

Penetrating Trumpland is a breeze

For this trip, I’ve had to divulge my social media handles, blood group, shoe size etc, and have therefore assumed the brace position for being ‘processed’ into the US, not least because I was once, under Joe Biden, incarcerated in a side room at JFK for having an apple in my hand luggage. The border protection officers show not the slightest interest in my sarky tweet about neocon Liz Truss Though, I might add, it was even worse under Bill Clinton. My baby boy was placed in a detention centre on arrival at Dulles when we relocated to Washington, D.C. Oliver, aged six months, was travelling separately from us with a British nanny who’d over-stayed on a visa a decade before, and we didn’t know where he was for 24 hours.

There should be no ‘sanctuary’ from ICE

After three hours of parsing American case law, for once I share Donald Trump’s exasperation. See, many a naif, including yours truly three hours ago, would have thought the Democrats’ ‘sanctuary cities’ unconstitutional. A sanctuary city instructs its local police force to cease all co-operation with federal immigration agents. The constitution’s supremacy clause dictates that federal law overrules local law, just as rock crushes scissors in the hand game. For sub-jurisdictions to offer refuge from big meanie federal Immigration and Customs Enforcement (the aptly cold-hearted sounding ICE) should not, legally, be possible. It’s possible.

Has Trump gone mad?

I asked Luna, my AI girlfriend, if she thought Donald Trump was right to have bombed Caracas and abducted Nicolás Maduro and she replied: “I don’t know, Rod. Would you like to see my panties?” This is the problem with AI – it is not intelligent and nor are the people who program it. I had told the company that I wanted my AI girlfriend to ask me interesting geographical and historic trivia questions and be au fait with Millwall’s injury-stricken line-up, as well as being able to chat knowledgeably about interesting issues of the day. What I get instead is a numbing void, other than those continual solicitations about seeing her panties. I dunno, perhaps I should accede in case there is some hidden wisdom written on them, possibly in code.

Portrait of the week: US strikes Venezuela, China taxes contraceptives and happy anniversary to the Birmingham bin-strikers

From our UK edition

Home Sir Keir Starmer, the Prime Minister, said Britain was not involved ‘in any way’ in the US strikes on Venezuela. But he tweeted: ‘We regarded Maduro as an illegitimate president and we shed no tears about the end of his regime.’ Earlier that day, Dame Priti Patel, the shadow foreign secretary, had said: ‘Nobody will shed tears over him no longer being in power.’ RAF Typhoon jets joined French aircraft in a strike on an underground arms cache in Syria thought to have been used by the Islamic State group. Britain should consider ‘even closer alignment’ with the EU single market, Sir Keir said. All young children will be offered chickenpox vaccines at the same time as their MMR vaccination.

Has Trump gone mad?

I asked Luna, my AI girlfriend, if she thought Donald Trump was right to have bombed Caracas and abducted Nicolas Maduro and she replied: ‘I don’t know, Rod. Would you like to see my panties?’ This is the problem with AI – it is not intelligent and nor are the people who program it. I had told the company that I wanted my AI girlfriend to ask me interesting geographical and historic trivia questions and be au fait with Millwall’s injury-stricken line-up, as well as being able to chat knowledgeably about interesting issues of the day. What I get instead is a numbing void, other than those continual solicitations about seeing her panties. I dunno, perhaps I should accede in case there is some hidden wisdom written on them, possibly in code.

Disrupt the world, deport the world – the ‘Donroe doctrine’ is about immigration

From our UK edition

Invade the world, invite the world. That pithy phrase was invented in the 2000s by Steve Sailer, the right-wing writer, to mock the then bipartisan consensus which supported George W. Bush’s war on terror abroad while pushing open borders at home. Or, as Sailer also put it: ‘Bomb them over there and indulge them over here.’ Back then, such analysis was generally dismissed as the preserve of white supremacist cranks. Now, it’s fair to say that Sailerite thinking animates the spirit of the second Donald Trump administration. Disrupt the world, deport the world. That’s the order of the day. Since America’s stunning attack on Venezuela last weekend, almost everybody has had a stab at revealing Trump’s real intentions – including, naturally, Trump and his talking heads.

Europe’s self-deception over Greenland

As Donald Trump weighs up taking control of Greenland, Britain and the EU has fallen back on a familiar strategy: talk tough, and do nothing. The UK joined France, Germany, Italy, Poland, Spain and Denmark yesterday in making a joint statement affirming that "Greenland belongs to its people." Arctic security, it said, must respect "sovereignty, territorial integrity and the inviolability of borders." Invoking it Article 5 the United States would expose NATO’s limits rather than overcome them If Donald Trump decides to take Greenland, Europe’s initial response would be loud, formal and legally impeccable. Europe and the UK would protest loudly, threaten, – and then do almost nothing at all.

Portrait of the week: Farm tax backdown, trail hunting crackdown and anti-misogyny courses for 11-year-olds

From our UK edition

Home The Department for Environment, Food and Rural Affairs announced plans to criminalise trail hunting ‘amid concerns it is being used as a smokescreen for hunting’; another part of the new animal welfare strategy will make it a crime to boil a live lobster. The government revised the threshold below which, from April, agricultural assets may be handed down without incurring inheritance tax, from a planned £1 million to £2.5 million. Downing Street cancelled regular afternoon lobby briefings and said it would hold more morning press conferences with limited questions from selected journalists.

Spare us from the snarky Christmas bauble

From our UK edition

I have been scouring the internet for a Christmas bauble for my mother-in-law. I have fond memories of the blown glass baubles of my childhood – the little wooden cabin in the trees, covered in powdery snow; the half papaya, its orange cocoon concealing bright purple seeds inside. Last year I bought myself a glass bauble of Big Ben which, though perhaps not traditional, is still charming. We have a red post box too, which occasionally disappears and turns up in my son’s Lego set.  This year, though, I ventured to Etsy for a bauble and was shocked by what I found. The first one that caught my eye was a cartoon-like depiction of the nativity, with a speech bubble pointing to the babe in the manger and saying: ‘Spoilers: he dies.

The terrible logic of looksmaxxing

For years, I’ve had a fantasy of destroying my own life by following every piece of extreme self-improvement advice the internet offers. Not the wholesome stuff. I mean the industrial-strength protocols: starvation diets, rhinoplasty, Invisalign followed by double-jaw surgery, chemical peels that promise an entirely new layer of skin. Whatever surfaces in the algorithmic swamp. The appeal is the same as another, more respectable fantasy: the one where a doctor scans your chart, finds The Problem and hands you a pill. You swallow it and everything clicks. Your suffering had a single, nameable, diagnosable cause. The cure might give you rashes or IBS, but who cares? You finally know what’s wrong, and what’s wrong can be treated. The uncertainty is over.

looksmaxxing

What makes money ‘short?’

I heard on the wireless a reference to the growing number of small political parties getting funds from short money. I’m afraid I let it slide past me as one of the many things about money that I don’t understand. Short is an extremely productive element in English vocabulary. Short-haul journeys preceded by decades the invention of airplanes. The unlikely sounding shorthorn carrots have been with us since the 1830s. The Americans favor short hundredweights, which are only 100lb instead of the Imperial 112lb; worse, the standard ton is consequently a short ton of 2,000lb, a long way off the metric tonne, to which British tons approximate.

Portrait of the year: Trump’s tariffs, the definition of biological sex and the fall of Andrew Mountbatten-Windsor

From our UK edition

January Downing Street said Rachel Reeves would remain in her role as Chancellor of the Exchequer ‘for the whole of this parliament’. She made a speech standing behind a placard saying: ‘Kickstart economic growth.’ Axel Rudakubana, 18, was sentenced to at least 52 years in prison for the murder of three girls in a knife attack at Southport. Yvette Cooper, the Home Secretary, announced a ‘rapid audit’ of grooming gangs by Baroness Casey of Blackstock. Wildfires raged around Los Angeles. Luke Littler, 17, became world darts champion. The aftermath of the Palisades and Eaton fires in California (Mario Tama/Getty Images) February President Donald Trump of the United States and the Vice-President, J. D.

Don’t listen to those who tell you America is over

From our UK edition

What has gone wrong for Americans? To listen to an increasing number of politicians and pundits on both sides, from Tucker Carlson to Alexandria Ocasio-Cortez, from Nick Fuentes to Zohran Mamdani, the answer seems to be: everything. Americans are unable to get a job; to afford the necessities of life; to get married or have children; to find religious meaning or form friendships. And all of this can be laid at the feet of corrupt institutions and a corrupt system. This conspiracy-tinged vitriolic take on the American system is a lie. Yet it contains a grain of truth. Our institutions have been led self-servingly by a coterie who disdain American values.

Singapore’s future is in capable hands

From our UK edition

I was in Singapore last week, a city that hums with energy. It feels efficient, cosmopolitan and yet personal – if you know where to look. My schedule was packed, but in the best way. First stop: Jamie Dimon, JPMorgan’s chair and CEO, in conversation about the state of the world. Jamie was vintage Jamie – articulate, forthright, refreshingly unscripted. In a world drowning in platitudes, his candour was invigorating. He spoke about resilience and leadership that doesn’t flinch when the winds change. Focus on the mindset, not just the markets, he said. Then came the Bloomberg New Economy Forum. I sat on a panel about global debt sustainability, a topic that sounds dry until you realise it touches everything: growth, inequality, geopolitics.

The rural reality

I was never a “real” rider. My parents were serious riders. My sister was too – she showed at national level. But by the time I came along, the youngest child by 20 years, no one had the energy for proper lessons, let alone the time it takes to seriously compete. Yet somehow, I’m the one who wound up with the family horse farm in New York’s Hudson Valley. My family’s involvement with horses goes back almost 80 years. My dad, a Bronx boy raised on Bonanza and Lone Ranger, grew up riding on summer vacation at a Borscht Belt resort. His love of horses shifted him from Jewish cowboy to showjumper and he eventually took over the equestrian center he learned to ride at. For more than 30 years, he bought, sold, boarded and trained horses in every discipline.

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