Schwab built some huge gated community and country club out in Montana after he retired. I don't know much about his politics, but I would be suprised if he were a liberal.
He and 11 of his friends built an 18 hole golf course on the hillside at the Gold Coast, Hawaii, for their exclusive use. They developed their own water, roads, security, etc. Not one cent was required by local government. Schwab also built a huge home on the oceanfront under the same conditions. He is a great neighbor, pays his exorbitant property taxes, pays his staff well and does not get involved in local politics. Schwab and the like are not the problem.