Some rich lead the way, but will anyone follow?

Warren Buffett and Howard Schultz want to change the conversation about how to fix the United States’ economic woes. But their solutions — more taxes on the rich and a boycott on political donations — risk falling on deaf ears among fellow business leaders.

Few high-profile decision makers have publicly supported their pleas so far, and most in their target audiences decline to even discuss it, lest they get dragged into the debate.

That isn’t the case outside the corporate elite.

More than 40,000 Twitter users shared billionaire investor Buffett’s op-ed column in Monday’s New York Times calling for the wealthy to shoulder a bigger tax burden.

CNBC’s largely corporate audience backed Starbucks Chief Executive Schultz’s call to fellow CEOs to stop sending political donations until Congress and the president come up with a long-term plan for a “fair, bipartisan” deal to curb U.S. debt, with 89 percent in favor in a poll.

But public outrage will not make their suggestions reality. That would require other tycoons and top executives to jump on board to tell the Republicans and the Democrats that they had also had enough of the rancor that brought the United States close to a debt default earlier this month and contributed to the loss of the nation’s triple-A debt rating.

“Getting Washington to do something about this, getting the GOP [Republican Party] to move off their ‘no new tax’ position, no funding of our deficit problem through raising tax revenue, I don’t see how that’s going to happen,” said Dal LaMagna, an entrepreneur and investor who has unsuccessfully run for national office.

LaMagna has a history of outspokenness, but few are joining him in debating this question.

Even if Buffett and Schultz fail to get more than a handful on board with their proposals, the very fact they made them may tend to help Democrats on the campaign trail for the presidential and congressional elections in November 2012.



News
Entertainment
Sports
Lifestyle
National

At 91, Marvel creator Stan Lee continues to…

By Piya Sinha-RoyLOS ANGELES (Reuters) - Marvel Entertainment's chief emeritus Stan Lee may be in his ninth decade, but it hasn't stopped him from adding…

National

Islamic State says beheads U.S. journalist, holds another

Islamic State insurgents released a video purportedly showing the beheading of U.S. journalist James Foley, who had gone missing in Syria nearly two years ago.

Local

VIDEO: NYPD seeks shooter in East New York…

Cops are on the lookout for an unknown shooter who aimed and missed hitting a man on a bicycle, instead nearly striking a nearby officer in East New York.

Local

NYS state forces thrift shops comply with ban…

Nine New York City thrift shops were reprimanded by the state attorney general for selling children's clothes with drawstrings around the neck and waist.

Television

'Pretty Little Liars' recap: Season 5, Episode 11,…

Caleb's not a ghost. Spencer might still be an attempted murderer. And Hanna's going to die next week. In other words, we actually got some…

Movies

At 91, Marvel creator Stan Lee continues to…

Marvel Entertainment's Stan Lee is adding outposts to his creative empire to interest a new generation of children in super heroes of all shapes and sizes.

Television

Mira Sorvino explores immortality on 'Intruders'

Mira Sorvino's new show "Intruders" centers around a secret society that achieves immortality by taking over the bodies of other people.

Television

5 things you need to know about new…

"Doctor Who" returns Saturday with a new star, Peter Capaldi. Here's some things to know about him (mainly his turn as sweary spin doctor Malcolm Tucker).

MLB

Shane Greene travels unlikely road to Yankees stardom

Shane Greene was throwing a bullpen session on a quiet field at Daytona Beach Community College one day when the ball started moving.

NFL

2014 Fantasy Football: Rankings, list of top NFL…

2014 Fantasy Football: Rankings, list of top NFL tight ends (TE)

MLB

MLB Power Rankings: Angels supplant A's, Nationals climb

MLB Power Rankings: Angels supplant A's, Nationals climb

NFL

David Wilson returns to triple jump, sets sights…

Giants fans know David Wilson can jump. They are just more used to seeing him go for backflips, not distance.

Style

11 timeless gifts for registries or just because

Gifts to prove you're a style maven once and for all.

Parenting

How everyday moments can inspire kids' creativity

"The Artist's Way for Parents" author Julia Cameron gives advice on how parents and children can be creative together.

Tech

How to stay safe online

Stop worrying about keeping your online passwords safe, and start worrying about keeping your username a secret. Actually, worry about both. According to Shaun Murphy…

Tech

OpenTable now lets you pay your bill via…

The restaurant app OpenTable added the ability to pay your bill (and tip) with your phone, thus cutting back on a few dining annoyances.