Howard Schultz could better help our country by spending $500 million on philanthropy instead of a campaign for president.
Dear Mr. Schultz,
Don’t do it!
The Washington Post reported last week that you might spend $300-$500 million of your own money on a campaign to run for President. Please reconsider.
Others have made the political argument for why you shouldn’t run, and they’re not wrong. But I want you to think about how you could help the country with philanthropy instead of spending that money on your campaign.
Investing in community organizing and grassroots social change is extremely effective and has a high return on investment. In fact, research suggests that you could probably unleash $34-$58 billion worth of benefits for families, communities and taxpayers by philanthropically funding those high-leverage strategies with the same $300-$500 million you intend to spend on your campaign.
A handful of billionaires have figured this out and are helping the country without putting themselves in the spotlight:
Mr. Schultz, I know you want to help our country, and I admire that. Please be smart and spend your money investing in the most marginalized in our society and strengthening their voices. It will do so much more good than a self-funded campaign for President.