Howard Schultz

Elizabeth Warren’s Proposed Tax On MultiMillionaires and Billionaires Not Going To Impoverish Anyone, As Two Percent And Three Percent Loss Of Wealth Is Laughable For Them To Be Disturbed About

Senator Elizabeth Warren of Massachusetts, a declared candidate for President, has proposed a wealth tax on multimillionaires and billionaires, and has caused a ruckus, including that of two potential Presidential candidates, who are billionaires.

Former Starbucks CEO Howard Schultz, who has indicated he plans an independent candidacy, is outraged, as is Michael Bloomberg, former NYC Mayor, who plans to announce as a Democrat for President.

Both want to only give support through generous donations, but are opposed to being forced to pay a high level of taxes.

But their protest is preposterous, as they could never spend or utilize all of their fortune, and they seem unwilling to take the view that their success requires them to pay a small percentage in taxes.

What does Warren propose, after massive tax cuts for the wealthy under Ronald Reagan, George W. Bush, and Donald Trump?

Those who have assets of $50 million or more would pay 2 percent annually, which is only $1 million, and easily made up in interest.

Those who have assets of $1 billion or more would pay 3 percent, or a minimum of $30 million, which is a “drop in the bucket” if you have a billion dollar fortune, and also easily made up in interest over the next year.

A wealthy person never really loses his assets as the interest is always more than two or three percent.

Only a small less than one percent of taxpayers would face this tax, but it would raise a lot of money to deal with social and economic matters that affect a population becoming poorer and the middle class dwindling.

For these and other wealthy people to complain about this small percentage of their wealth being taxed, is totally preposterous and outrageous.

Billionaires Howard Schultz And Michael Bloomberg Are NOT The Way To Go, Following Donald Trump

The campaign for the Presidency has begun with strong attacks by Billionaires Howard Schultz and Michael Bloomberg against the Democratic Party going too far to the Left, such as Medicare For All and Free Public College and University Tuition, for the first two years of higher education.

Schultz is the bigger threat, as he plans to run as an Independent, and by so doing, could help Donald Trump/Mike Pence to win another term in the White House.

But Bloomberg is also attacking progressive ideas as unworkable, without any concept of how to make health care and higher education, as well as environmental advancement, and even other issues, to advance to a more fair and just future.

After the disaster of Donald Trump, will the nation go for two billionaires who, while certainly not as conservative as Trump, and having a nicer facade, really do not understand the plight of the struggling middle class and the poor in this country?

And, while no one wishes to discuss this issue, the fact that both Schultz and Bloomberg are Jewish, in a nation where antisemitism still is prevalent in the South and Midwest, encourages more danger against Jews, by two men who have no clue as to what it is to live from paycheck to paycheck.

Their running for the Presidency, as they are making clear, only encourages more conspiracy theories on the Right, and also more left wing anger, and undermined the possibility of either, realistically, being able to promote political unity in the 2020s.

Terrible Idea To Have Notable Third Party Or Independent Presidential Candidate In 2020 Presidential Election

The thought that a notable third party or independent Presidential candidate might participate in the 2020 Presidential election is a terrible idea.

It would cause a potential Electoral College disaster, allowing a major party nominee to win with low 40s or high 30s percentage of the popular vote.

So when we hear that former Ohio Governor John Kasich or former Starbucks CEO Howard Schultz is thinking of just that, it is clearly a danger sign that might help Donald Trump or Mike Pence win the next term in the Presidency.

That would be total disaster for the nation, and would take the already downward moral and ethical trend in America to continue, and insure an extremist right wing agenda into the mid 2020s, including a totally extreme right wing Supreme Court and lower federal courts to go on for 30 or more years into the future.

It would also likely make it impossible for the Senate to go Democratic, and for the House of Representatives to remain Democratic, once we had the confusion of a well known third party or independent Presidential candidate siphoning votes, more likely from the Democratic nominee.

While there is no way legally to prevent this, we have to hope that sanity will rule, and we will get a two way race, with all of its attendant shortcomings, rather than the mess that a third serious candidate could bring to the American political system.

Theoretical Possibility Of Nine Business People Or Celebrities With No Government Experience Who Might Run For The Presidency In 2020

Donald Trump is the first totally non government experience candidate ever to win the Presidency.

Before him, Wendell Willkie for the Republicans in 1940, and Ross Perot, as an Independent in 1992 and 1996, also had no government experience.

With the horrific Trump experience, the question arises whether another business person or celebrity with no government experience might run for the White House in 2020, and might have a chance to win.

At least nine potential candidates have been mentioned, but most are not considered serious possibilities.

Oprah Winfrey , Kanye West, and Dwayne (The Rock) Johnson come from the entertainment world, but none of these has seemed serious about running, and somehow, with all three being African American, and Oprah being a woman, it is hard to imagine, without government experience, and just basically being a celebrity, that anyone of them would get very far.

Then, we have Mark Zuckerberg, the Facebook billionaire, who is Jewish and would be only 36 years old in 2020, and has controversy surrounding Facebook’s role in affecting the 2016 Presidential election. Also, he has made controversial statements, and comes across to many, including this blogger, as extremely arrogant, and needing much more maturity and judgment to even consider running at any time in the future.

Then we have Andrew Yang, who is an entrepreneur, promoting startups in business in many different cities across America. Yang, born of Chinese parents from Taiwan, would be 45 years old, and wants to promote a Universal Basic Income of $1,000 a month to all Americans 18-64, as part of his platform, and he has already announced for President, but the question is whether he can gain any traction.

Bob Iger, the Chairman and Chief Executive Officer of the Walt Disney Company, is Jewish, and is rumored to be interested, but there has been criticism of his leadership of Disney, and he would be close to 70 on Inauguration Day 2021.

Howard Schultz, the former Chief Executive Officer of Starbucks, is Jewish, and would be 67 years old if he won in 2020, and has a very liberal image, and seems to be seriously considering announcing his candidacy.

We also have Mark Cuban, who owns the Dallas Mavericks basketball team, is very outspoken, and has hinted at running for President. He has been all over the map politically, having expressed admiration for libertarian author Ayn Rand, but backing Hillary Clinton for President in 2016. Also Jewish in his religion, Cuban has been more of a public relations oriented person, much more noticed in the news media than most other businessmen, including Zuckerberg, Yang, Iger and Schultz. He would be likely a Republican candidate if he ran, as he calls himself fiscally conservative, although a social moderate by his own definition.

Finally, much more in the public eye since Donald Trump became President, is Tom Steyer, a billionaire hedge fund manager, philanthropist, environmentalist, liberal activist, and fundraiser, who has been on an active campaign to impeach Donald Trump, gaining a lot of attention. He has long been a Democratic activist, going back to Walter Mondale in 1984 through Hillary Clinton in 2016, and was considered to be a cabinet member twice under Barack Obama, for Secretary of the Treasury in 2009 and Secretary of Energy in 2013, but others were chosen. Steyer is often seen as the adversary of Charles and David Koch.

The only ones on this list of nine who this author and blogger see as “legitimate” are Andrew Yang and Tom Steyer, who seem to have the best credentials, but still, no desire here to have another businessman or celebrity without any government experience as our President in 2021.

In the “real world”, somehow, three African Americans (Winfrey, West, Johnson); one woman (Winfrey); four Jews (Zuckerberg, Iger, Schultz, Cuban); and one Asian American (Yang) potential candidates seems highly unlikely, in the political climate we are in, to have a real shot at being the nominee. So this means probably Tom Steyer, who is most “out there” in the present political climate and is a white Episcopalian, might be the one of the nine with the best potential. Had he actually served in Barack Obama’s cabinet, he might seem to many as a more legitimate candidate, as we have had Presidents who were never elected before the Presidency but were cabinet members, specifically William Howard Taft and Herbert Hoover.

The Trump experience makes it difficult to look at others in the non political world as better than having a Governor, Senator, Congressman, Mayor, or Cabinet Officer in the White House.

We shall see how far these nine possible candidates go in seeking the Presidency, as after the next 100 days, the announcement of Presidential candidacies, will rapidly emerge!