A Coffee Bean Baron Rushes to Our Rescue

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Billionaire Howard Schultz, the former CEO of the Starbucks coffee empire, has just announced he’s stepping down as the company’s chairman. Political insiders think that move means that Schultz just may be planning to make a bid for the 2020 Democratic Party presidential nomination. The day after the announcement, in a CNBC interview, Schultz not so subtly hinted that he’d be running to oppose progressive proposals on single-payer health care, job guarantees, and the like. Pronounced the coffee king: “It concerns me that so many voices within the Democratic Party are going so far to the left. I say to myself, how are we going to pay for these things?” Maybe we could start by raising taxes on billionaires like Howard Schultz.

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Sam Pizzigati edits Too Much, the online weekly on excess and inequality. He is an associate fellow at the Institute for Policy Studies in Washington, D.C. Last year, he played an active role on the team that generated The Nation magazine special issue on extreme inequality. That issue recently won the 2009 Hillman Prize for magazine journalism. Pizzigati’s latest book, Greed and Good: Understanding and Overcoming the Inequality that Limits Our Lives (Apex Press, 2004), won an “outstanding title” of the year ranking from the American Library Association’s Choice book review journal.

Posted In: Union Matters

Union Matters

3.4 Million American Jobs Wiped Out by U.S.-China Trade

Scott Paul and Robert E. Scott join Leslie Marshall to discuss a new EPI report entitled, "The China toll deepens: Growth in the bilateral trade deficit between 2001 and 2017 cost 3.4 million U.S. jobs, with losses in every state and congressional district."

Scott Paul is President of the Alliance for American Manufacturing (AAM), a partnership established by some of America’s leading manufacturers and the United Steelworkers union.

Robert E. Scott is Senior Economist and Director of Trade and Manufacturing Policy Research at the Economic Policy Institute (EPI).
EPI is a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions.

 

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Who Really Pays for Tax Cuts?

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