A Coffee Bean Baron Rushes to Our Rescue

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Billionaire Howard Schultz, the former CEO of the Starbucks coffee empire, has just announced he’s stepping down as the company’s chairman. Political insiders think that move means that Schultz just may be planning to make a bid for the 2020 Democratic Party presidential nomination. The day after the announcement, in a CNBC interview, Schultz not so subtly hinted that he’d be running to oppose progressive proposals on single-payer health care, job guarantees, and the like. Pronounced the coffee king: “It concerns me that so many voices within the Democratic Party are going so far to the left. I say to myself, how are we going to pay for these things?” Maybe we could start by raising taxes on billionaires like Howard Schultz.

***

Sam Pizzigati edits Too Much, the online weekly on excess and inequality. He is an associate fellow at the Institute for Policy Studies in Washington, D.C. Last year, he played an active role on the team that generated The Nation magazine special issue on extreme inequality. That issue recently won the 2009 Hillman Prize for magazine journalism. Pizzigati’s latest book, Greed and Good: Understanding and Overcoming the Inequality that Limits Our Lives (Apex Press, 2004), won an “outstanding title” of the year ranking from the American Library Association’s Choice book review journal.

Who Really Pays for Tax Cuts?

Who Really Pays for Tax Cuts?

Union Matters

Even Super Good Times Sometimes Stop Rolling

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

India’s self-styled “King of the Good Times,” the Kingfisher beer and airline baron Vijay Mallya, seems to be in store for lots of not-so-good times. This past September, a local court ordered the sale of the super yacht Mallya had abandoned in Malta — complete with 40 crewmembers — after his arrest in London on fraud and money-laundering charges. Earlier this month, another court ruling awarded the abandoned crew almost $1 million in back pay. Mallya is now fighting extradition to India. The cells in India’s Mumbai Central Prison, he’s complained to British authorities, lack natural light. The 62-year-old is also tweeting regularly that he’s not getting “fair treatment” from politicians and the media. Mallya’s yacht, meanwhile, has begun a new life as a charter boat renting for $850,000 per week.

***

More ...