Blackstone CEO wants US to raise minimum wage, eliminate taxes for teachers

[Yo_Mama_Been_Loggin]

Blackstone CEO and Chairman Steve Schwarzman on Thursday outlined what he called a "Marshall Plan" for the middle class to address increasing income inequality in America.

The billionaire private equity titan and supporter of President Donald Trump said the plan advocates for a higher minimum wage and more technical training for people who didn't go to college. It also calls for eliminating taxes for teachers.

"What we have is less an issue of income inequality than income insufficiency for the bottom 50% of the society," he said on CNBC's "Squawk Box."

"I look at this as a systemic problem. This is not anecdotal," he said. "This is like half of our society is severely disadvantaged. We can't allow that to continue, so that means you need policy solutions."

https://www.msn.com/en-us/money/markets/blackstone-ceo-wants-us-to-raise-minimum-wage-eliminate-taxes-for-teachers/ar-BBW42c2?li=BBnbfcN

He sounds like one of those gol danged soshulists.

[Yavin4]

1. Proof that Bernie's and AOC's rhetoric are changing the dynamics of our politics.

Just a few years ago, it would have more tax cuts, more privatization. Now, the billionaire class is fully aware that starving the public sector and concentrating wealth at the top is no longer politically viable.

[WeekiWater]

5. Please read. Cutting taxes and funneling tax dollars into private firms....

Is exactly what he is calling for.

[Yavin4]

6. He also called for raising the min. wage and technical education.

The debate is shifting.

[WeekiWater]

7. Cutting taxes, raising the minimum wage, and funneling tax dollars toward private companies.

I think you will find many people in his type of business support increasing the minimum wage. It makes them money.

[pecosbob]

2. I'm behind anything that gives more love to teachers...

[qazplm135]

3. yeah but don't eliminate their taxes

raise their salaries.

There are a lot of noble fields...are we going to eliminate taxes for all of them?

[delisen]

4. Eliminating taxes just for one professional group is divide strategy

[ZillyZap]

8. Teachers are horribly abused...

They should be treated like Veterans.

Free healthcare
Low cost Mortgages
Free continuing education

And

Tax free income
No property taxes
Sales and gasoline tax rebates