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Speaking with CNBC anchor Andrew Ross Sorkin late last month, former Starbucks CEO and potential independent presidential candidate Howard Schultz took umbrage with progressives using the term “billionaire” in pejorative fashion.
He instead proposed the mega-wealthy be labeled as “people of means.”
A partial transcript is as follows:
ANDREW ROSS SORKIN: The author of Winner Takes All sent in a question. He said “Do you agree that billionaires have too much power in American public life?” It gets at the issue that AOC’s been talking about. It gets at the issue that Elizabeth Warren been talking about.
HOWARD - SCHULTZ - Moniker - Billionaire - Catchphrase
HOWARD SCHULTZ: The moniker “billionaire” now has become the catchphrase. I would rephrase that and say that “people...
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