Even the Billionaires Are Running from the GOP

During the past few weeks, two American billionaires have floated their name as presidential candidates. Howard Schultz, the founder of Starbucks, has indicated his interests in running an independent candidacy in 2020, while Michael Bloomberg, the former Mayor of New York City, has suggested he may run in the Democratic primary. At first glance, these two men seem to have a lot in common. Both of these men, who have built extremely successful businesses, are offering a message that their business skills make them uniquely poised to solve the problems facing the US while presenting a vision of fiscal conservatism and social liberalism that is popular among some segments of the educated elite, but has no traction beyond that. Additionally, both have attacked the more economically progressive elements within today’s Democratic Party. Lastly, they are both very unlikely to ever be President.