Starbucks CEO Howard Schultz isn’t happy with the state of politics in America at this time and to prove his discontent he has announced that his company will not donate another single penny to politicians until they smarten up and actually start working for the American people, starting with the budget deficit.
Schultz told Politico of his motivations:
“This is a time for citizenship, not partisanship,” he wrote. “We just believe that in this moment of great uncertainty, the government needs discipline, the people need jobs—and leaders need to lead.”
Before making his announcement he sent out a memo to employees in which he vented about “the lack of cooperation and irresponsibility among elected officials as they have put partisan agendas before the people’s agenda.”
After Schultz received positive reactions to his letter he decided to make the same call to action to other CEO’s, noting:
“The fundamental problem is that the lens through which Congress approaches issues is reelection. The lifeblood of their reelection campaigns is political contributions.”
Schultz went on to add with the New York Times:
“Whether big donors or small ones, Americans should stop giving and see if it galvanizes Washington to act.”
Schultz isn’t the only rich businessman to rail against Washington today, during an op-ed piece for the New York Times billionaire Warren Buffet practically begged Washington lawmakers to raise taxes on the rich, a move that would cost Buffet and his rich friends billions of dollars each year.
Hopefully more CEO’s will join in the political fundraising ban and send a strong message to Washington lawmakers that the American people and businesses won’t work for them until they work for us.