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enhanced_deficit
01-27-2019, 08:45 AM
His warning about national debt was posted in Economy section but this story has important political aspect also.
Widely respected business leader and Starbucks' founder Schultz like MAGA's top funder Casino owner Adelson has been vocally pro-Israel but unlike him has not moved over to the GOP camp. Instaed he'll be running in 2020 as independent.


Howard Schultz: The $21 trillion national debt is the 'greatest threat domestically to the country'

Kevin Breuninger
Tue, 5 June 2018 CNBC.com
Howard Schultz, Starbucks' outgoing executive chairman, singled out the national debt as the biggest domestic threat to the U.S. in a critique that spared neither Democrats nor the Trump administration's economic policies.

He said the ballooning national debt could be hugely consequential to future generations — especially when coupled with rising interest rates (https://www.google.com/search?q=site%3Acnbc.com+rising+intersts+rates&rlz=1C1GCEA_enUS778US778&oq=site%3Acnbc.com+rising+intersts+rates&aqs=chrome..69i57j69i58.4351j0j7&sourceid=chrome&ie=UTF-8).
"I think the greatest threat domestically to the country is this $21 trillion debt hanging over the cloud of America and future generations," Schultz said.








SCHULTZ TO RUN AS INDEPENDENT (https://www.theatlantic.com/politics/archive/2019/01/howard-schultzs-independent-run-could-help-trump/581374/)
BLASTS BOTH PARTIES (https://www.cbsnews.com/news/former-starbucks-ceo-howard-schultz-says-donald-trump-is-not-qualified-to-be-president-60-minutes/)
'DEBT GREATEST THREAT' (https://www.cnbc.com/2018/06/05/howard-schultz-21-trillion-debt-is-biggest-threat-to-us-domestically.html) https://www.drudgereport.com/i/logo9.gif

KEEF
01-27-2019, 09:05 AM
I don’t know much about him other than his coffee is expensive. How is he on civil liberties?

phill4paul
01-27-2019, 09:06 AM
His solution?

oyarde
01-27-2019, 10:12 AM
This is the new dem fixer . Independants only take votes from one party and it is not the communist party . Unlike all the gay libertarians and Pubs purist basement dwellers those vicious creatures are party loyal

oyarde
01-27-2019, 10:17 AM
If the dems take the white house and still hold congress single payer and arms restrictions will be pushed through with nothing but a senate to stop it . This guy will give bernie the edge in the pres race by taking trump votes . The final destruction of north america .

specsaregood
01-27-2019, 11:27 AM
His solution?

Kind of a critical question, eh?

TheCount
01-27-2019, 11:42 AM
Is anyone allowed to care about the deficit post-2016? dannno?

Zippyjuan
01-27-2019, 12:50 PM
https://www.foxbusiness.com/features/starbucks-howard-schultz-trumps-tax-cuts-robbing-from-the-future-of-young-people

The tax cuts are estimated to add $1 trillion to the national debt.


Starbucks’ Howard Schultz: Trump’s tax cuts ‘robbing from the future of young people’

Starbucks Executive Chairman Howard Schultz said President Donald Trump missed an opportunity to do more for Americans with the implementation of the corporate tax cut.

“We are robbing from the future of young people in America who ultimately are going to have to pay for a $21 trillion tax deficit,” Schultz told Maria Bartiromo in an exclusive interview on “Mornings with Maria.”

Even so, Starbucks is one of many companies passing on savings to employees. According to Schultz, the company received about a $500 million boost from Trump’s corporate tax overhaul, which reduced the tax rate to 21% from from 35%.

“I personally did not believe that America needed a 21% corporate tax cut,” he said. “But, as a result of that, we gave a significant part of our tax benefit back to our people on top of what we had already done over the last couple of years.”

Starbucks currently employs 350,000 people worldwide and about 250,000 in the U.S. The chain also plans to open about 700 new stores this year, according to Schultz.

Schultz, who stepped down as chief executive in April, will oversee the chain's planned 30 Reserve Roastery emporiums and Reserve projects, according to Reuters.

On Tuesday, the chain launched the first of 1,000 upscale Reserve stores at its Seattle headquarters. Schultz attributed consumer optimism to the expansion plans.

“We believe we can create a premium experience,” he said. “We are bullish on the U.S.”

When Bartiromo asked whether Schultz planned to run for president in 2020, he replied: “I am doing everything I possibly can as a private citizen to advance the cause of the country.”

oyarde
01-27-2019, 12:57 PM
The dems will cry that he is running as if it will hurt them . It will not and is only a decoy . He will talk about debt , cutting entitlements and things that are as far right as you can get from the evil dem party of " free" healthcare and " free college " . He could win enough GOP votes to ensure an evil Dem victory , the armies of satan will arise to feast under Schumer , Pelosi and Bernie.

oyarde
01-27-2019, 12:59 PM
https://www.foxbusiness.com/features/starbucks-howard-schultz-trumps-tax-cuts-robbing-from-the-future-of-young-people

The tax cuts are estimated to add $1 trillion to the national debt.

That guy is too smart to believe any of that is getting pd back so that is a blatant lie to kick off the campaign .

Brian4Liberty
01-27-2019, 01:04 PM
His solution?

Replace Trump with a Democrat.

nobody's_hero
01-27-2019, 01:04 PM
https://www.foxbusiness.com/features/starbucks-howard-schultz-trumps-tax-cuts-robbing-from-the-future-of-young-people

The tax cuts are estimated to add $1 trillion to the national debt.

We've been over this a million times. Tax cuts don't add to debt. NEWS FLASH: The government is gonna spend money regardless of whether or not you get a tax cut. The spending is what causes the debt.

Brian4Liberty
01-27-2019, 01:10 PM
Deja vu, all over again...


https://www.youtube.com/watch?v=s6UYwEUVGkE

phill4paul
01-27-2019, 01:12 PM
We've been over this a million times. Tax cuts don't add to debt. NEWS FLASH: The government is gonna spend money regardless of whether or not you get a tax cut. The spending is what causes the debt.

TBF, I suppose the government could confiscate all national final goods and services for a full year and almost take care of the debt.

juleswin
01-27-2019, 01:20 PM
We've been over this a million times. Tax cuts don't add to debt. NEWS FLASH: The government is gonna spend money regardless of whether or not you get a tax cut. The spending is what causes the debt.

If the people enacting a tax cut have no intention of cutting spending then the tax cuts inconjuction with the normal spending(in this case increased spending cos Trump is a big govt lib) caused the $1 trillion increase in the debt. Look at it this way, if there were no tax cuts, no cut in spending, how much would the deficit be? $1 trillion increase or far less than $1 trillion increase?

I have heard people say that tax cuts boosts the economy to the point that you can start seeing deficit reduction from all the boosting of the economy. Well, we are not seeing that now, so at minimum Zippy is half right. This is why you want to cut taxes along with spending.

phill4paul
01-27-2019, 01:44 PM
If the people enacting a tax cut have no intention of cutting spending then the tax cuts inconjuction with the normal spending(in this case increased spending cos Trump is a big govt lib) caused the $1 trillion increase in the debt. Look at it this way, if there were no tax cuts, no cut in spending, how much would the deficit be? $1 trillion increase or far less than $1 trillion increase?

I have heard people say that tax cuts boosts the economy to the point that you can start seeing deficit reduction from all the boosting of the economy. Well, we are not seeing that now, so at minimum Zippy is half right. This is why you want to cut taxes along with spending.

I'm sure you have heard it described this way. I'm sure what is meant to be conveyed is that tax cuts boost the economy creating greater tax revenue. And they do. Now if you are wanting a deficit reduction then you are going to have to cut spending. There's no way around it. But, you can't get government to even enact Rand's "penny plan."
So, in short, it'll just continue until it collapses.

jkr
01-27-2019, 01:45 PM
His solution?

Double it

oyarde
01-27-2019, 02:13 PM
Replace Trump with a Democrat.

One of the larger Chuck donors I know of .

Occam's Banana
01-27-2019, 02:13 PM
[...] if you are wanting a deficit reduction then you are going to have to cut spending. There's no way around it. [...]

This.

If this Schultz guy's "plan" (if he even has one, and whatever it might be) doesn't involve liberal and vigorous application of a butcher's cleaver (or better yet, some trinitrotoluene) to the federal budget, then we'll know that he isn't really serious.

But even if it does ...


[...] you can't get government to even enact Rand's "penny plan."

... so, like, "good luck" with that, guy ...


So, in short, it'll just continue until it collapses.

oyarde
01-27-2019, 02:14 PM
I'm sure you have heard it described this way. I'm sure what is meant to be conveyed is that tax cuts boost the economy creating greater tax revenue. And they do. Now if you are wanting a deficit reduction then you are going to have to cut spending. There's no way around it. But, you can't get government to even enact Rand's "penny plan."
So, in short, it'll just continue until it collapses.

That is correct .

RJB
01-27-2019, 02:50 PM
His solution?

Yeah, my reaction was, that's what they all say. People these days are obsessed with diagnosis, but don't want to hear the prognosis or the cure.

juleswin
01-27-2019, 02:59 PM
I'm sure you have heard it described this way. I'm sure what is meant to be conveyed is that tax cuts boost the economy creating greater tax revenue. And they do. Now if you are wanting a deficit reduction then you are going to have to cut spending. There's no way around it. But, you can't get government to even enact Rand's "penny plan."
So, in short, it'll just continue until it collapses.

Greater tax revenue than before the tax cut was implemented? This is what people tend to believe but tax cuts mainly gives a boost to the private economy which doesn't always translate to increase in tax revenue. And I say doesn't always because there is always an optimum tax rate where an increase in taxes leads to decrease in revenue and vice versa.

I think where I disagree with you is that I believe taxing and spending are partners in crime in the sense that taxing and spending can have just about the same effect on the debt and deficit. Its not just spending that can lower the deficit, taxes can do the same thing too.

Its not just continuing, its being sped up with the increase in spending and the further cutting of taxes.

phill4paul
01-27-2019, 03:12 PM
Greater tax revenue than before the tax cut was implemented? This is what people tend to believe but tax cuts mainly gives a boost to the private economy which doesn't always translate to increase in tax revenue. And I say doesn't always because there is always an optimum tax rate where an increase in taxes leads to decrease in revenue and vice versa.

I think where I disagree with you is that I believe taxing and spending are partners in crime in the sense that taxing and spending can have just about the same effect on the debt and deficit. Its not just spending that can lower the deficit, taxes can do the same thing too.

Its not just continuing, its being sped up with the increase in spending and the further cutting of taxes.

Yes. It generally does. Depending on a number of other factors, none the least of which is the Federal Reserve and whether or not they cause investors to move forward, create more jobs, thus creating more ancillary income tax, or pull back. I suppose what you are referring to is the apex in the Laffer-Curve? So, no, it doesn't always. But, yes, it generally does.

Zippyjuan
01-27-2019, 04:51 PM
We've been over this a million times. Tax cuts don't add to debt. NEWS FLASH: The government is gonna spend money regardless of whether or not you get a tax cut. The spending is what causes the debt.

Yes, tax cuts do add to the deficit/ debt. It is quite simple really. The deficit is the difference between what you spend and what you take in. If you take in less, your deficit will go up. Spending is also part of that- not the only part. Debt is the sum of every deficit you have had in the past (minus any- if any- years there were surpluses).

If I earned $20 but spend $50, my deficit is $30. If I only earn $10 and still spend $50, now my deficit is $40. Spending was the same- revenues (income in this case) went down. Deficit went up. Debt year one was $30. Debt after year two is $70 ($30 +$40).

Spending was $100 over two years. My debt if it was only due to spending would be $100 if income had no impact on debt. But it does so my debt was income minus spending- not just spending. Yes, I can lower my debt if I spend less than I earn.

Zippyjuan
01-27-2019, 04:53 PM
TBF, I suppose the government could confiscate all national final goods and services for a full year and almost take care of the debt.

US GDP is about $14 trillion- take everything produced for a year and a half and leave nothing for businesses and individuals for that time.

phill4paul
01-27-2019, 05:00 PM
US GDP is about $14 trillion- take everything produced for a year and a half and leave nothing for businesses and individuals for that time.

Yeah, I just said that.

Zippyjuan
01-27-2019, 05:20 PM
Yeah, I just said that.

You said one year.

phill4paul
01-27-2019, 05:31 PM
You said one year.

Read it again. I won't link it. You'll have to work for it. It's only a coupla scrolls up dipshit.

Zippyjuan
01-27-2019, 05:39 PM
Read it again. I won't link it. You'll have to work for it. It's only a coupla scrolls up dip$#@!.

If you consider two thirds to be "almost all" of the debt I suppose you are correct. I just don't consider 67% "almost all".


TBF, I suppose the government could confiscate all national final goods and services for a full year and almost take care of the debt.

phill4paul
01-27-2019, 05:47 PM
If you consider two thirds to be "almost all" of the debt I suppose you are correct. I just don't consider 67% "almost all".

Whateves, Zip. Far different from your earlier pronouncement that I proclaimed it was, in fact, exactly one year. Typical liberal. Carry on.

RonZeplin
01-27-2019, 06:43 PM
Deja vu, all over again...


https://www.youtube.com/watch?v=s6UYwEUVGkE

Thank God for Ross Peroit. If GHW Bush had won in '92 that giant sucking sound would have been America going down the toilet.

Swordsmyth
01-27-2019, 06:54 PM
Thank God for Ross Peroit. If GHW Bush had won in '92 that giant sucking sound would have been America going down the toilet.
LOL

Perot helped Bush throw the election to his buddy Clinton because slick Willie would be able to do things Bush wouldn't have been able to do and would be able to have two terms instead of just one more.

Why am I not surprised that you think Clinton winning was a good thing?

brushfire
01-27-2019, 08:41 PM
https://www.youtube.com/watch?v=rsC6bduO2Gg

Anti Globalist
01-27-2019, 09:05 PM
Not alpha male enough to challenge Trump. Although he is rich enough.

eleganz
01-28-2019, 12:04 AM
This is not a full announcement, only a teaser that he might. And he should run, because he would hand deliver the election to Trump on a gold platter.

TheTexan
01-28-2019, 01:42 AM
Debt is good, so $21 trillion in debt just means we have a really, really healthy economy.

juleswin
01-28-2019, 03:26 AM
A self made billionaire who runs a successful business and not a politician. Its like the liberal Trump, just smarter, articulate and better composed than Trump. If I had to pick between him and Trump, I think I will pick him.

Swordsmyth
01-28-2019, 03:11 PM
A self made billionaire who runs a successful business and not a politician. Its like the liberal Trump, just smarter, articulate and better composed than Trump. If I had to pick between him and Trump, I think I will pick him.
LOL

If I have to have Trump or somebody worse then I will take Trump and that goes double if the worse politician is more effective and therefore more likely to get bad things done.

Stratovarious
01-28-2019, 03:24 PM
''I know nothing'' - Shultz

Stratovarious
01-28-2019, 03:27 PM
Shultz is slated to run on the Gillette Ticket.

enhanced_deficit
01-29-2019, 12:48 PM
His solution?

Cut spending and foreign wars/perpetual aid regime etc hopefully but not clear yet.

But Dems solution is starting to become clear:


Democrats are begging Howard Schultz not to run for office — and threatening a Starbucks boycott if he does




Democrats are voicing loud opposition to the billionaire fiscal conservative, whom they believe could spoil the future Democratic nominee's chance of beating President Donald Trump in the general election.
"This is a rich man's fantasy that will turn out to be nothing more than a massive in-kind contribution to Donald Trump's reelection campaign," Ian Russell, a Democratic strategist, said.
Some Democrats said they'll support a boycott of Starbucks if Schultz moves forward with his bid.

https://www.businessinsider.com/democrats-threaten-starbucks-boycott-howard-schultz-campaign-2019-1

timosman
01-30-2019, 06:54 PM
https://twitter.com/AOC/status/1090625411950805002
1090625411950805002

Stratovarious
01-30-2019, 07:09 PM
https://twitter.com/AOC/status/1090625411950805002
1090625411950805002
Mr shizhzoo will be giving us lectures every morning , so we can all learn to understand
minorities , whites, blacks, Asians, be better prepared to ''get along'' , he knows, shutzpah
will stamp it clearly on everyone's forehead, and we will get in step.
:frog:

Swordsmyth
01-31-2019, 11:39 PM
Starbucks has instructed its employees on how to handle political questions about CEO Emeritus Howard Schultz, who has all but announced his intent to run as an independent in the 2020 US election - a move immediately criticized by Democrats who fear he will split the left's vote and hand Donald Trump the election.
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/starbucks%20employee.jpg
The coffee chain known for its progressive corporate culture offered suggestions in its "Barista Need-To-Know" weekly newsletter on how to "diffuse the situation" if anyone "shares aggressive political opinions" in the store.
"Employees may be asked questions by customers or hear media speculation about Howard's potential political intentions," reads the notice clearly written by lawyers. Employees should know that "we respect everyone's opinion. Our goal is simply to create a warm and welcoming space where we can all gather, as a community, over great coffee."
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/smell-like-starbucks-hannahaap%20%281%29.jpg
If asked specifically about Schultz, employees are advised to say: "Howard's future plans are up to him."
https://zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com/s3fs-public/inline-images/notice%20starbucks.png
A Starbucks employee told the Huffington Post (https://www.huffingtonpost.co.uk/entry/starbucks-howard-schultz-employee-advice_us_5c51d3cce4b00906b26fda52?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cuZGFpbHltYWlsLmNvL nVrL25ld3MvYXJ0aWNsZS02NjUyMzQzL1N0YXJidWNrcy10ZWx scy1lbXBsb3llZXMtc2F5LWFza2VkLUhvd2FyZC1TY2h1bHR6L XJ1bm5pbmctUHJlc2lkZW50Lmh0bWw_aXRvPXNvY2lhbC10d2l 0dGVyX2RhaWx5bWFpbHVz&guce_referrer_cs=7HGT7xzMDyIoTAE_LMFQkQ) on Thursday that her store's management took things one step further in a way that bothered her.
"We were told not to talk to customers about it," said the employee, who added "if we are asked about his political goals or our opinions on it that we’re to say he was a great CEO to work for but that’s where our opinions end."

The rephrased instructions irked the employee, who saw them as part of a pattern of stifling employees’ opinions. The shift supervisor felt similarly about the written instructions, finding it frustrating that Schultz was able to publicly discuss his politics when he worked at Starbucks while they were not.
“[I wish] we would be given the same opportunity to express our beliefs,” the supervisor said. -Huffington Post (https://www.huffingtonpost.co.uk/entry/starbucks-howard-schultz-employee-advice_us_5c51d3cce4b00906b26fda52?guccounter=1&guce_referrer_us=aHR0cHM6Ly93d3cuZGFpbHltYWlsLmNvL nVrL25ld3MvYXJ0aWNsZS02NjUyMzQzL1N0YXJidWNrcy10ZWx scy1lbXBsb3llZXMtc2F5LWFza2VkLUhvd2FyZC1TY2h1bHR6L XJ1bm5pbmctUHJlc2lkZW50Lmh0bWw_aXRvPXNvY2lhbC10d2l 0dGVyX2RhaWx5bWFpbHVz&guce_referrer_cs=7HGT7xzMDyIoTAE_LMFQkQ)
Schultz has faced intense criticism from the left after he said he was weighing a 2020 run as an independent. His detractors include David Axelrod, HBO host Bill Maher, The View's Joy Behar and Rep. Alexandria Ocasio-Cortez (D-NY).
Neera Tanden, president of the Center for American Progress, called for a Starbucks boycott if Schultz enters the race, tweeting: "Vanity projects that help destroy democracy are disgusting. If he enters the race, I will start a Starbucks boycott because I’m not giving a penny that will end up in the election coffers of a guy who will help Trump win."

In fact, the criticism has been so vociferous, it has left some Democrats believing that Schultz, who is currently on a book tour, won’t end up running for the White House.
“Democrats will not have to pressure Schultz to drop out of the race,” said Robert Zimmerman, a prominent Democratic donor. “When his books move to the $1 discount bin at bookstores, he will get the message.”
Erin McPike, a spokeswoman for Schultz, said all the blowback this week “shows he is resonating.” -The Hill (https://thehill.com/homenews/campaign/427860-schultz-presidential-rollout-ignites-fury-on-left)
During an interview at a New York Barnes & Noble this week, a protester shouted at Schultz "Don't help elect Trump, you egotistical, billionaire asshole."

Here's the video. A heckler shouts at Howard Schultz during an event in New York: "Don't help elect Trump, you egotistical, billionaire asshole." Via CNN pic.twitter.com/oabwfNnsmp (https://t.co/oabwfNnsmp)
— Kyle Griffin (@kylegriffin1) January 29, 2019 (https://twitter.com/kylegriffin1/status/1090057028314243072?ref_src=twsrc%5Etfw) He's clearly resonating...


https://www.zerohedge.com/news/2019-01-31/starbucks-coaches-employees-how-handle-politically-aggressive-customers-raving

dannno
02-18-2019, 12:51 PM
https://twitter.com/AOC/status/1090625411950805002
1090625411950805002


Some context (article isn't new)
Howard Schultz is blaming AOC and Elizabeth Warren for his decision to run as an independent


https://news.vice.com/en_us/article/nexnjz/howard-schultz-is-blaming-aoc-and-elizabeth-warren-for-his-decision-to-run-as-independent




This one is..


Howard Schultz is an enemy of democracy: He wants to detonate the grenade in the Constitution

The Starbucks founder can't possibly win, and thanks to the 12th Amendment he could allow Trump to win by losing

https://www.salon.com/2019/02/18/howard-schultz-is-an-enemy-of-democracy-he-wants-to-detonate-the-grenade-in-the-constitution/

Superfluous Man
02-18-2019, 12:54 PM
Thank God for Ross Peroit. If GHW Bush had won in '92 that giant sucking sound would have been America going down the toilet.

Perot didn't alter the outcome of that election.

Anti Globalist
02-18-2019, 01:11 PM
Starbucks coffee is horrible. Dunkin Donuts is where its at.

timosman
03-15-2019, 11:54 PM
https://www.youtube.com/watch?v=diKCiG9vf-c

Chester Copperpot
03-16-2019, 11:14 AM
Starbucks coffee is horrible. Dunkin Donuts is where its at.

im with you though ironically i am meeting a friend at a starbucks in a little bit.

kcchiefs6465
03-16-2019, 11:32 AM
But will there be mandatory inclusivity training?

timosman
03-16-2019, 12:00 PM
But will there be mandatory inclusivity training?

thread winner

timosman
09-07-2019, 07:18 PM
https://twitter.com/davidaxelrod/status/1169971664148299776

1169971664148299776

Swordsmyth
09-07-2019, 07:21 PM
https://twitter.com/davidaxelrod/status/1169971664148299776

1169971664148299776

LOL at DA thinking Trump needs a vote splitter.

unknown
09-08-2019, 12:27 AM
Hes right but hes an Izraeli firster so he can suck a dick.

Anti Globalist
09-08-2019, 07:35 AM
Had a feeling he wouldn't go through running as an independent. He knows that the Democrats will call him a spoiler if he stayed in the race.