My ears always perk up when I hear that a lifelong Democrat has thrown his or her support behind President-elect Donald Trump. One of the biggest surprises of the 2024 election cycle was the sheer number of people who did just that. Two key factors drove this shift. First, many working-class voters finally grasped that the Democratic Party, which they had blindly supported for decades, had abandoned them. The second factor concerned Democrats at the opposite end of the economic spectrum — a group that included tech billionaires, hedge fund managers, and the ultrawealthy, many with direct access to the...