TOPIC: aoc
Issue 14
February 10, 2019
Why We Like Howard Schultz

It is not obvious why (voters), sick of Mr Trump’s antics, would warm to a Democrat offering a different set of implausible promises. “If we try to out-crazy the policy announcements of a troubled president, we will do nothing to restore confidence,” warns Senator Chris Coons of Delaware. - The Economist

On January 27th, Howard Schultz, the founder and former CEO of Starbucks, announced his interest in running as an independent candidate in the 2020 election for President of The United States. TQC hopes he formally declares himself a candidate. From the due diligence we've done, Schultz appears to be center-left on social issues and fiscally to the center-right. In our view, this is exactly the prescription this great nation needs at this time.

At The Quintessential Centrist, we are transparent about our views. We pride ourselves on being malleable and open when new ideas, proposals, or policies merit serious consideration. We are open to respectful debate and welcome the prospect of having our minds changed. Indeed, if a counter-party offers a superior argument underpinned by facts and empirical evidence, we will (as we have done in the past) alter our views.

As most of our readers are aware, Howard Schultz is the man responsible for turning Starbucks into a international success story and, in the process, created a new coffee culture in America. In addition to paying better wages (before service industry wages became a political talking point) and offering affordable health care options, Schultz provided an opportunity to all his employees -- both part time and full time -- to advance their education tuition free via a partnership with Arizona State University's online program. In short, Schultz is a socially liberal, fiscally centrist self-made businessman who advocates both for his workers and for meaningful social causes. And unlike the current businessman currently occupying the Oval Office, Mr. Schultz was not born with a silver spoon in his mouth.

Schultz was born to a poor family in the Canarsie section of Brooklyn, NY. He grew up in a housing project with his two siblings, a homemaker mother and father who became a truck driver after serving in the US Army. Schultz learned the value of hard work at a young age and has since carried those values throughout his incredible life. When Schultz was a young boy, his father had an accident that left him unable to work. The family was left with no steady source of income, and no health care insurance. To help, Schultz worked a series of odd jobs. He attended Canarsie High School and was later awarded an athletic scholarship from Northern Michigan University. He was the first member of his family to attend college.

On the fiscal side, here are a few prudent and responsible positions Schultz takes:

*Supports a progressive tax code: people who earn more should pay a higher rate of income tax. We agree. That said, he also understands that excessive taxes and regulation thwart economic growth and stifle job creation. We also agree. He should know. He's created over 300,000 jobs, the majority of which are in the United States.

*Believes paying his employees a living wage is both ethically correct and good business practice: Schultz paid his baristas a living wage well before it was politically fashionable to do so. As a result, Starbucks' employees earn above average wages vs. their peers. Schultz has delivered on the notion that by treating his workers well via higher pay and benefits, they would be more productive and create a value-enhancing experience which would yield greater customer satisfaction and increased brand loyalty. In that, he has been proven correct.

*Opposes Alexandria Ocasio-Cortez's (AOC's) proposal to raise the marginal tax rate on earnings in excess of $10 million to 70%. Ms. Cortez claims her plan will only affect the richest sliver of Americans. We vehemently disagree. In our view, Ms. Cortez seems blissfully ignorant of the fact that a disproportionate number of people who would bear the burden of her tax plan are responsible for creating a disproportionate number of jobs in America. Impose a 70% marginal tax on those families, and you take away their economic incentive to create employment opportunities for working Americans. Under AOC's tax plan, the richest sliver of Americans will certainly be worse off. And so will the 99%. Like Mr. Schultz, at TQC we believe that people who earn more should pay more, but a progressive tax code should be applied with a degree levelheadedness and proportionality.

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Issue 17
March 3, 2019
AOC

Two weeks ago, Alexandria Ocasio-Cortez (AOC) succeeded in disenfranchising her constituents, including many of her supporters, and bragged about it:

“Anything is possible: today was the day a group of dedicated, everyday New Yorkers & their neighbors defeated Amazon’s corporate greed, its worker exploitation, and the power of the richest man in the world.”

Of course, AOC was referring to her "successful" grassroots campaign to protest Amazon corporation's efforts to establish a beachhead, and thereby 25,000 quality jobs and ancillary benefits, in Long Island City. Not only were AOC’s efforts misguided, they were selfish and undemocratic; 70% of New Yorkers actually supported Amazon building a headquarters in their city. Even progressive New York City mayor Bill DeBlasio challenged Cortez:

“As a progressive my entire life — and I ain’t changing — I’ll take on any progressive anywhere that thinks it’s a good idea to lose jobs and revenue because I think that’s out of touch with what working people want….I came up watching the mistakes of progressives of the past, unfortunately what happened in this city when it almost went to bankruptcy in the 1970s. I saw all the times progressives did not show people effective governance and all the times progressives made the kinds of mistakes that alienated working people…”

Fellow Democrat and New York State Governor Andrew Cuomo chimed in:

“…a small group [of] politicians put their own political interests above their community – which poll after poll showed overwhelmingly supported bringing Amazon to Long Island City…”

One thing is for certain, congressional freshman Alexandria Ocasio-Cortez is certainly a sophomoric operator with whom to be reckoned. As a sitting congresswoman, she is in a position of power and influence. Regrettably, that authority, as we saw with Amazon, can be abused and used to the detriment of the very people she claims to champion.

Other than President Trump, no other U.S. politician has recently been so successful at generating controversy through a combination of self-serving misinformation, scaremongering and willful ignorance as Alexandria Ocasio-Cortez. Though some on the far-left cannot seem to get enough of Ms. Cortez, she has repeatedly contradicted herself, showed a stunning lack of basic knowledge (or willful deceit) and proved to be highly hypocritical in her personal conduct. In AOC’s reality, it is ok if she is incorrect as long as she is wrong for the right reasons. Her message should supersede facts, which should not matter as much when living in President Trump’s America.

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