Hoover Institution senior fellow Victor Davis Hanson and NYC Councilwoman Vickie Paladino assess the meeting between President Donald Trump and New York City Mayor-elect Zohran Mamdani on ‘The Ingraham Angle.’

To live in 2025 is a blessing. But it is also a strange time to be alive, particularly when it comes to wealth.

When you think about wealth and what it does for someone and their quality of life, there are a few ways to view it. Certainly wealth "buys" freedom and flexibility, which is arguably the most important role of wealth.

But, at a micro level, measuring wealth for many Americans is about day-to-day quality of life. On one hand, wealth should grant access to wants — goods and services above and beyond your day-to-day needs.

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Wealth is also supposed to be a shield against the stresses tied up with money, reducing worry over covering basic needs and feeling like you have financial breathing room from day to day and month to month.

Today in America, at a practical level, we live with a wealth paradox.

We have access to luxuries that people of hundreds of years ago........

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