Key Words: Howard Schultz slams Trump, says ‘people of means’ should pay more taxes

‘I should be paying more taxes. And people who make this kind of revenue, and are of means, should pay more taxes.’

That’s billionaire Howard “Don’t Call Me Billionaire” Schultz explaining his stance on taxing the rich in a prime-time CNN town hall Tuesday night.

He also reiterated how he’s “very vocally against President Trump’s tax break.”

The former Starbucks SBUX, +0.59%  CEO felt compelled to spread the message on Twitter TWTR, +3.18%  , where this video clip of the comment didn’t get the love he might have expected:

The tweet quickly got “ratioed” — that’s internet speak for when “likes” get outnumbered by comments, like this one from @RespectableLaw:

“Why are you in a town hall on national television? How did you earn that? What gave you access to millions of people to sell yourself as a leader apart from your enormous wealth? How do the answers to these questions not awaken an awareness of your unfathomable narcissism?”

But back to the town hall.

Moderator Poppy Harlow pressed Schultz on how much more he thinks the wealthy should pay: 2%? 10%? 20%? “I don’t what the number is,” he answered. “What I am saying is we need comprehensive tax reform.”

How about the number Rep. Alexandria Ocasio-Cortez has thrown out there: A 70% marginal tax rate on those earning more than $10 million?

Too high, Schultz said. It’s “punitive.”

Read: Bill Gates says AOC’s plan is ‘missing the picture’

In the ranging discussion, Schultz also addressed the idea of how his running as an independent could pave the way for four more years of Trump.

“If the numbers don’t add up, I will not run for president,” he vowed. “Because I will not do anything, whatsoever, to re-elect Donald Trump no one wants to see him fired more than me.”

Read: Howard Schultz should be wooed by both parties

Here’s more on that from the town hall:

Filed in: Top News Tags: 

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