James Taylor's song 'Slap Leather' is a socially conscious track commenting on the political and economic climate, particularly focusing on the issues of greed, corruption, and the misuse of power. With sharp and satirical lyrics, Taylor criticizes the actions of those in power and the impact of their decisions on ordinary people. Key themes include economic disparity, political corruption, and social justice. A poignant moment in the song is when Taylor addresses the audience directly, urging awareness and action against societal injustices.