Billionaire Howard Schultz Blames Run As Independent On AOC’s Proposal To Tax Billionaires As Billionaires

The Daily Beast reports:

Billionaire former Starbucks CEO Howard Schultz says he can’t run for president as a Democrat because he doesn’t like Rep. Alexandria Ocasio-Cortez’s proposal to slap a 70-percent marginal tax rate on income above $10 million.

In an interview with CNBC Monday night, he shed some light on why he feels he would not run as a Democrat: Because he could end up having to argue for massive taxes on the super-rich like himself.

“I respect the Democratic Party. I no longer feel affiliated because I don’t know their views represent the majority of Americans. I don’t think we want a 70 percent income tax in America,” he said.