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

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Billionaire Steve Schwarzman also advocates for more technical training for people who didn't go to college.

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.

"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." Schwarzman, whose company manages $512 billion in assets, suggested that business communities in each state should connect with high schools to start job training early. Each state, he said, would receive money from the federal budget to advance training programs.

 

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Eliminate taxes.....

Teachers are the worst part of the problem. What do they actually teach their students? How not to read, how not to cypher, and how little actual science they need to know. Just do what you are told and you can graduate.

That’s what he says to the public. Lol

So says a representative of the party that has advocated eliminating public education for 40 years.

Both great ideas...

If you want to eliminate taxes for teachers - why not nurses, ems, police, firefighters who supply essential services.

ZZZZZzzzzzZZZ give him the hook What a clown

jimcramer interesting concept. We do have tax free zones for retail. Why not have tax free jobs to attract better takent to teachers police.... interesting

Why not eliminate taxes to the military, or first responders, dare I say athletes? Is one profession more virtuous than the other? Ridiculous pandering to certain segments of the population. This is socialism have vs have nots. Those who are loyal to the regime get kickbacks.

Definite step in the right direction.

Why just stop at the teachers? The minimum wage has to be the biggest tell signs of ones true understanding of how they 'want' government to function.

Ha Rhode Island taxes teachers the most. Lyin Gina froze the colas. Gave everyone else big raises stupid

He knows his kind is about to be chased down the streets by people with pitchforks. 15.00 wage, raise teachers wages, give administrators control.

Why would either of those make sense?

Teachers get the same vacation time as children. Let that sink in before you start treating them as a holy order.

If you eliminate taxes for teachers then one would expect better results. Our kids are behind. My wife spent more time doing homework with our child than she should have.

great idea!

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