Home / US / Billionaire Howard Schultz taps Alexandria Ocasio-Cortez and Elizabeth Warren for the taxation of the rich

Billionaire Howard Schultz taps Alexandria Ocasio-Cortez and Elizabeth Warren for the taxation of the rich

Rep. Alexandria Ocasio-Cortez (D-N.Y.) Waves to the supporters as she arrives at a rally organized in New York by Women's March NYC in early March. (Kathy Willens / AP)

Howard Schultz, a billionaire preparing an independent presidential statement plans to raise taxes on the rich through two of the Democratic Party's legendary liberals: Sen. Elizabeth Warren and MP Alexandria Ocasio-Cortez.

At a Tuesday's appearance in the NPR's "Morning Edition," Schultz, former Starbucks CEO The Officer said Warren's plan for a special tax of 2 percent a year for Americans whose net worth exceeds $ 50 billion, be "ridiculous".

He accused Warren (D-Mass.) Of having received a "good headline," adding, "She certainly knows it's never going to happen."

Warren, who has launched an exploratory candidacy for the president, shot back to Schultz on Twitter.

"What is" ridiculous "are billionaires who believe they can buy the presidency Keep the system in order while the opportunity for everyone else disappears," she wrote. "The best 0.1%, who have paid my #UltraMillionaireTax have about the same fortune as 90% of America. It's time for change. "

The exchange came just hours after Schultz had called Ocasio-Cortez (DN.Y.), "Misinformed" and repressed their notion of a top rate of 70 percent … 19659010] Schultz has attributed the fact to Ocasio-Cortez (DN.Y), who has caused a sensation since her arrival on Capitol Hill this month, that they have focused on questions of inequality.

Schultz, however, described her tax application as a "punished" discussion at the opening of a book tour in New York on Monday evening.

Schultz also beat the Mei Ocasio-Cortez policy adviser as "un-American". The adviser, Dan Riffle, said he saw every billionaire as a "political failure."

"It's so un-American to think that way," Schultz said when he was introduced with a quote from Riffle.

He said he grew up in a housing project and called himself "home-made" and "living proof of the American dream."

He said he does not know O casio-Cortez personally.

"There is a problem that she has recognized, but I think how she is concerned, unfortunately she is a bit misinformed," Schultz said. "The problem is that we have significant inequalities in the country. The problem is that we have about 40 percent of American families who literally do not have $ 400 for a crisis. We have about 5 million young people, many African Americans, Latino, who are neither at school nor at work, and one in six Americans is unsettled every night. "

" So she has identified issues that need to be corrected, "Schultz continued, adding that the solution should not be" punished "for people who succeeded because of the foundation, gift and promise of the country ".

Ocasio-Cortez proposed a marginal tax rate of 70 percent. The tax would apply to people earning more than $ 10 million a year, a group whose current maximum rate is 37 percent.

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