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Breaking Points with Krystal and Saagar
4/8/23: Saagar Reacts To FBI LV Shooter Docs, Fired Starbucks Union Organizer Alexis Rizzo, Boomers HomeBuying Bonanza, Pentagon Claims SVB Bailout National Security Interests, James Li On Billionaires
Apr 8, 2023
48:05
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Saagar reacts to FBI LV shooter docs, fired Starbucks union organizer Alexis Rizzo, boomers' homebuying frenzy, Pentagon claims SVB bailout national security interests, James Li on billionaires
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Quick takeaways
- Howard Schultz defends billionaires and emphasizes their contributions, while acknowledging the growing income inequality.
- The influence and power of billionaires raise concerns about their impact on various sectors and the need for transparent governance.
Deep dives
Howard Schultz defends his billionaire status and denies receiving handouts
Howard Schultz, the billionaire founder of Starbucks, defends his wealth and denies receiving any handouts or special treatment. He highlights his rags-to-riches story, growing up in federally subsidized housing and earning his wealth through hard work. Schultz emphasizes that he has shared his wealth with Starbucks employees and rejects the label of being a billionaire. He asserts that the constant labeling of billionaires as negative is unfair and believes it is important to recognize the contributions they make.
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