When it comes to higher taxes on the wealthy, listen to the economists – not the billionaires

February 4, 2019  —  By

Money doesn’t talk, it swears, sang Bob Dylan.

And liberal billionaires in the US are certainly not being polite about the latest policy ideas emanating from America’s Democratic Party.

Howard Schultz, the billionaire founder of the Starbucks coffee chain who is considering running for president in 2020, last week condemned universal health care and higher rates of income tax on the super-rich, as proposed by the new Democratic congresswoman Alexandria Ocasio-Cortez, as “un-American”.

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