It’s Thursday, July 2. This is The Front Page, your daily window into the world of The Free Press—and our take on the world at large. Today: Ruy Teixeira on why Kamala 2028 is deadly serious, and Kat Rosenfield on why “Supergirl” haters are not misogynists. Plus: Why the Declaration of Independence had no truer friend than Frederick Douglass. And more.

But first: Is the president taking us for fools?

What has been the most striking thing about Trump’s year and a half back in office? The force of his immigration crackdown? The repeated showdowns between the president and the Supreme Court? His hyperactivity on the world stage—from the Liberation Day tariffs to the Maduro raid and the strikes on Iran?

It’s a crowded field, but one answer arrived in financial disclosures published this week: how much money Donald Trump has made since he returned to the White House. It may not be the most consequential thing about Trump’s second term, but it may be the most extraordinary.

President Trump earned a staggering $2.2 billion in his first year back in office. More than $1.4 billion of that came from crypto ventures.

As we have reported before, and as we lay out in our editorial today, there is more than a whiff of corruption to these schemes.

There’s also a stench surrounding the Boeing 747 donated by the Qatari government for use as Air Force One. Trump flew on it for the first time yesterday. When he leaves office, ownership of the $400 million aircraft will transfer to the Trump Presidential Library.

Read our editorial to understand exactly what’s so wrong with these deals—and why Trump is at the center of what might just be the biggest grift in American history.

And if you see the amount Donald Trump has made in office and are asking yourself “How is this allowed?” Mene Ukueberuwa has the piece for you.

—The Editors

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Ruy Teixeira • U.S. Politics

Kamala 2028 Is No Joke

You might think Kamala Harris’s presidential hopes are forever dashed. And conventional wisdom gives her very little chance of winning the nomination in 2028. Not so fast, says Ruy Teixeira. Does he want Harris to win the nomination? No! But unfortunately, he doesn’t get to pick. Democratic voters do—and they like her. Read story ›

Dr. Mark C. Poznansky and Dr. Jacqueline A. Hart • Antisemitism

Harvard’s Antisemitism Problem Has Gone Underground

A few months ago, a group of Harvard professors wrote a letter saying there was no “hostile antisemitism” at the university. Not everyone agrees. Another group of faculty members say that antisemitism on Harvard’s campus hasn’t disappeared; in fact, it’s taken an insidious new form. They describe students hiding their Star of David necklaces and omitting Israel references from their résumés—and argue that the university should be doing more to tackle the problem. Read story ›

Kat Rosenfield • Culture and Ideas

Hating ‘Supergirl’ Doesn’t Make You a Misogynist

What makes for a box office flop? When it comes to DC’s “Supergirl,” a female spin-off of “Superman,” some critics have blamed misogyny. That’s an easy out, writes Kat Rosenfield. She says the film is terrible—and that pointing that out isn’t misogynistic, but rather a rejection of the low expectations traditionally set for female-led movies. Read story ›

Maya Sulkin

Confessions of a Detransitioner

Jonni Skinner didn’t fit in growing up. When he started questioning if he were a girl, a doctor suggested he go on puberty blockers and hormones at the age of 13. A decade later, Skinner regrets it all. He talks to Maya Sulkin on a new episode of Confessions, detailing his detransition journey after growing skeptical of the advice a trusted medical professional gave him as a child. Watch now ›