Smart. Sharp. Funny. Fearless.
Friday, October 28, 2016

Dear Tom Perkins:

I’m writing to apologize. I do this on behalf of the 99 percent of us who are not multimillionaires. You, of course, are, having made a pile as a venture capitalist and co-founder of the firm Kleiner Perkins Caufield & Byers.

I admit, I’d have thought a guy like you had little to complain about. But that was before you wrote that tear-jerking Jan. 24 letter to The Wall Street Journal revealing the pain, the oppression, the abject sense of vulnerability and fear that go with having a net worth equal to the GNP of some developing nations.

In your letter, you decried the “rising tide of hatred” you’ve experienced at the hands of progressives waging “war” against your people. Your examples were heart-rending. You mentioned popular anger over rising real-estate prices. And “outraged” public reaction to dedicated buses ferrying tech workers to their San Francisco-area jobs. And the people who have called your ex-wife, novelist Danielle Steel, a “snob.”

Oh, the humanity.

There are, you said, parallels to Nazi Germany and its treatment of another oppressed minority, the Jews. “This is a very dangerous drift in our American thinking,” you warned. “Kristallnacht was unthinkable in 1930; is its descendant ‘progressive’ radicalism unthinkable now?”

You’re right. How could we have missed it? Calling Danielle Steel a snob is exactly like that turning point on the road to Holocaust when anti-Jewish riots broke out across Germany, 7,500 Jewish homes and businesses were vandalized, 30,000 Jewish men were sent to concentration camps, 91 Jews were killed and the Nazis, blaming the Jews themselves for the carnage, fined them about $400 million in 1938 U.S. dollars.

You’ve been criticized for what you wrote, but we both know the only thing wrong with it is, you didn’t go far enough. You didn’t mention how one day the rich may be forced to stitch yellow dollar signs to their clothing or have their net worth tattooed on their forearms.

Being forced to pay taxes for the upkeep of schools your children wouldn’t be caught dead attending? That’s exactly like slavery.

  • disqus_fsqeoY3FsG

    I bet Mr. Perkins favorite quote is: “The poor can never be made to suffer enough.” Jimmy Breslin

    • danmurphy2011

      Hate, Hate Hate is all you can spread with your sarcasm. It does not work on everyone, thank God.

      • disqus_fsqeoY3FsG

        Well that is something I must have picked up from Republicans.

      • sigrid28

        Au contraire! Leonard Pitts JOINS Tom Perkins in defending a neglected minority within our society, Affluent-Americans, couching his savage indignation over their mistreatment not in sarcasm but in total alliance with and heart-felt sympathy for their point of view. In fact, Mr. Pitts has shown Mr. Perkins the respect of cataloguing the many ways in which Affluent-Americans suffer more and more, day by day. So not to worry about hate on the part of Mr. Pitts.

        In case you are one of the youngsters posting on the NM comment thread, I’ll put it another way: Mr. Pitts has given Mr. Perkins’s a “like.” He has “hearted” Mr. Perkins. Who do you think Mr. Perkins has “liked” or “hearted” in his commentary?

      • daniel bostdorf


        • Robert Roberto

          Don’t feed the sharks because they may become trolls and we have no need for more of them in this blog.

          • daniel bostdorf

            “thank you for your point of view” even after a week.

  • charles king

    Eighty-five (85) richest people Own the same as three point five billion (3.5 bils) People, Think about this awhile. Thank You Mr. Leonard Jr. for giving me some insight on People with MONIES. Thank You are the magic words witrh me. Check-up Webster’s Dict. Plutocracy Vs Democracy stay alert MONIES are on the move. I still Love Ya All Mr. C. E. KING

  • dmhlt_66

    A great snarky quote:

    “Nothing is more admirable than the fortitude with which millionaires
    tolerate the disadvantages of their wealth.”

    • Avril111

      my Aunty Grace got a nearly new blue Kia by
      working part time from the internet. look at this now B­i­g­4­1­.­ℂ­o­m

  • elw

    Great response to a person who has everything and yet acts as if he is a victim. Thank you for writing it, I enjoyed the laughter it brought. However, do not expect it to affect Mr. Perkins the same way; Not only does he lack a sense of humor his world is too black and white to understand sarcasm.

    • danmurphy2011

      I’ll bet he did understand the sarcasm. But it is not him that will be most effected. It will be someone with a warped mind and a rifle. The continued hate generated by the left will eventually end in tradgedy for some family whether they deserve it or not.

      • Bill

        Oh please, give me a break, the last time I checked it was the GOP that wanted to make buying rocket launchers legal, not liberals. While I own guns I have had background checks every time I bought one, no big deal, maybe if the GOP backed background checks less people with warped minds would have guns.

      • elw

        That is pretty twisted thinking, does not every make one ounce of sense.

        • danmurphy2011

          In a school in Moscow yesterday a 15 year old shot a teacher and student. The shooter was either mentally sick or filled with hate from somewhere.

          • iamproteus

            Really, danmurphy?! Oh, please do regale us with more totally useless and irrelevant commentary. It seems that you would make a good fit for employment at Faux News!

          • danmurphy2011

            do not know Faux News you liberals can not take opposing views I see. well go to The National Memo with your problem. it’s their website.

        • daniel bostdorf

          Trolls exist for the spotlight. Often ignoring them will either make them simply go away or they’ll say even more ridiculous things making them look foolish and desperate……..
          Ignore this troll from now on…

          A social media troll is someone who seeks to lure or bait people into negative, disruptive rhetoric for their own edification or to commandeer an otherwise free-flowing discussion among colleagues.

          They don’t recognize anyone that may be interested in discussing something that bores them and trolls opt to criticize, bully, or yell “boring” …..instead of engaging in the discussion.

          Trolls choose to belittle those who seek the information and discourse as well as those who try to provide it… their intent has nothing to do with community building or public enlightenment.

      • dmhlt_66

        Say, Dan – we’re getting quite a bit of snow today.
        What’s the weather like in your Bizarro World?

        • danmurphy2011

          What is the Bizarro World?

          • dmhlt_66

            Where you and your DELUSIONS live.
            Then again, if Repubicans didn’t have DELUSIONS – they’d have no visions at all.
            (Do your Unicorns fart Rainbows? Just asking.)

      • plc97477

        Warped minds are usually on the right of the political spectrum so he is safe.

    • danmurphy2011

      When we start targeting anygroup we begin the process of bigotry. MLK would not approve. Listen to yourself and the comments you encourage. They are primarily hateful not constructive. Mr. Obama himself continues the assault on sellect groups while paying homage to unions.

      • daniel bostdorf


  • 788eddie

    In the 1950s, there were also very wealthy people, but they paid a much higher tax rate than even the wealthiest pay today. They didn’t complain; at least not loudly. After all they were the most fortunate (no pun intended). Their taxes helped support the roads, trains, plains and other transportation and infrastructure that allowed them to amass their wealth. We were, as a nation, also able to pay our bills.

    Today, the wealthy pay much lower tax rates, and some of them have the nerve to complain? For gosh sake, string ’em up and divide their wealth to pay for our country’s needs. These people remind me of the Russian oligarchs before the Russian Revolution!

    • JSquercia

      Ironically Mitt Romney’s father was the kind of Man who while CEO felt it necessary to refuse efforts to raise HIS compensation .

    • Independent1

      “but they paid a much higher tax rate than even the wealthiest pay today”. Boy, that couldn’t be more right.

      I’m not sure that everyone posting on this blog is aware that the average multi-millionaire paid 20.4% of his/her gross income in 2012 taxes; and that it was actually those earning between 1.5 and 2.0 million who paid the highest average of their gross – 24.6%.

      While back in the 1940s and 50s when I was growing up, the max tax rate was 91% – and even with exemptions back then, I doubt many people paid less than an 80% rate – because it was Reagan and all his rich converts since who really loaded the tax code with cuts for the rich. Sure is a far cry from an average of 20.4% for the mega rich and 80% or better. And as you pointed out, there was no way near the complaining that there is today.

      The wealthy back then assumed some sense of responsibility for helping the country that made it possible for them to accrue the money that they had. Unfortunately, old man GREED has invaded the mindset of people today – and no matter how much money they’ve amassed, it’s never enough. Look at the Walton families, each of which has over 25 billion, and despite their wealth they’re determined not to share one dime of it with anyone outside their families. Talk about GREED!!

      • 788eddie

        They may not share their money with those who work for them and have helped them to amass their fortunes, but in the end, the hole in the ground they go into will be no better than anyone else’s.

        • Allan Richardson

          It will, however, be deeper, and the box will be nicer, and the stone on top will be huge and highly decorated. If anyone cares.

    • danmurphy2011

      More hate talk. It spreads like a virus. Tell Bill Gates he is greedy and unsympathetic to less fortunate. Read what his foundation is doing for the poor. A rich man with character, an example of the group you are demonizing.

      • 788eddie

        Please re-read my comment, and try not to salivate too much. I said some of the very wealthy, not all of the very wealthy. Some. like the Bill and Melinda Gates and Warren Buffett have pledged to give away most of their fortunes for the benefit of society. They are not the problem.

        I stand by my comment. All of it!

      • daniel bostdorf


        • danmurphy2011

          What the hell is that?

    • danmurphy2011

      Judge, jury and executioner. Sound like fascism.

      • Sand_Cat

        Sound like projection.

  • Mike Barnes

    Now that’s snark!

  • Jimmy Agler

    If I were one of the 1%ers I don’t think I would do interviews right now. I don’t think I would try to tell the rest of us how hard they have it. I certainly wouldn’t try to make myself the “victim of the times”. This attitude he puts his face and name on is exactly what class revolutions throughout history were based on. I really hope the one that happens in the next 10 years here is bloodless, but I would certainly not bet one of my 3 weekly part time job checks on it.

    • danmurphy2011

      Do you want the brightess youth this country has ever produced embroiled in a bloody war on the wealthy. Much of the country are under 25 years old. Their horizon is full of better thing for better living. Let their potential florish. You have three jobs. Maybe you should work for yourself. Give your employers some competition.

      Just a thought. Can do.

      • daniel bostdorf

        How should you deal with a troll?????…..Ignore them. Trolls exist for the spotlight. Often ignoring them will either make them simply go away or they’ll say even more ridiculous things making them look foolish and desperate……..

        A social media troll is someone who seeks to lure or bait people into negative, disruptive rhetoric for their own edification or to commandeer an otherwise free-flowing discussion among colleagues.

        They don’t recognize anyone that may be interested in discussing something that bores them and trolls opt to criticize, bully, or yell “boring” …or in this case… “Maybe you should work for yourself.”…..instead of engaging in the discussion.

        Trolls choose to belittle those who seek the information and discourse as well as those who try to provide it… their intent has nothing to do with community building or public enlightenment.

        • danmurphy2011

          your stupid

      • pisces63

        What people like you do not understand is the divide. I expect CEO’s to make more money. Yet, i have a problem when they make more money but guarantee the rest of us don’t or as little as possible. I work. I am almost 65 and make over $52K a year. I am a black woman, widow, mother. When I started here, we COULD receive raises of up to 10% of our salaries. Depending on work, attendance which included absences, tardiness, etc. That was 27 year ago when i was hired at this insurance company. NOW, it is 3% across the board. THAT is what is meant about the growing divide. The middle class once was handsomely compensated but now, things are taken, benefits are shrunk and they still hire more and more management personnel. We had -12 degree temps, recently, did they close down, nooooooo. Even the city and all schools were closed. It was dangerous weather out there with wind chills over -50 below. That to me is a blatant disrespect for your employees. They have taken holidays we have gotten since before i started here. The compnay asked them to vote for these days, when they repected the employeees. Just took em and then got the sad sack attitude when the blow back came. You hurt my feelings. Get a clue and a grip. This is it in a nutshell. We are no longer treated with the respect we once were. Now I read the food stamp cuts are huring the Waltons. They are in the negative. The worse part? 40% of their employees are on the snap program and a lot have lost those benefits. 40% of people with a job because the billionaires refuse to pay them a decent wage. Better things for better living? Today’s youth can expect to start out making nothing and steadily getting nothing.

        • danmurphy2011

          You make sense. The other bozos are preaching hate. The government can not do much for you. You need a union. The trouble may be that there are too many people who will do your work for the pay offered. You need to organize, Put you efforts in getting a good union .

          • pisces63

            There was a try at unionizing here, years ago but it was voted down. Yet, even they seem to be tongue tied or hands tied. They are used to vilify public employees and their so called pension which is really their social security and the union had/has nothing to do with it. All government sponsered to make up for low pay before there was a union. There was a time A FORD worker could pay for a house, put his children through school and save money. NOW, they can barely pay just the mortgage. i can name so many jobs, especially skilled labor like welders, custodians(20 years ago the top one here in Cleveland made over $80k a year and twice as much as a teacher) of schools, etc and the money they received just starting the job and it is less today, than then. These are union jobs. I had a discussion with a guy from Texas, a welder, and proud of his $12.00 and hour. When I told him 20 years ago a welder started at $20+ an hour as skilled labor, he promptly got off the line. Maybe as a 60’s person, I still have that antiestablisment mentality and to watch people grovel for crumbs and thanking people for what was earned in the first place is anathema to me. I don’t make dogs beg.

          • danmurphy2011

            Lost the continuity. thought you worked for a insurance company. Anyway welders do very well in the chemical industry. you are probably too old now but well paying work is starting at Dow Chemical on the coast below Houston. they make more than $14/hr. There is a downward pressure in Texas on wages due to open shop and Mexican labor. Solution i do not know.

            Do not believe Ford workers are not well paid. This year is going to be big. 2013 was too.

            I never advocated dealing with companies who did not pay their employees properly. I screened out the cheap vendors because they provided defective products and services. Did my best but there are pressures to beat down suppliers. There are winners and losers.

  • Independent1

    Here’s some excerpts and the link to an article that may explain a little as to why Tom Perkins feels the way that he does:

    Republicans believe rich people just work harder. So how do they explain these statistics?

    A new Pew Research Center/USA Today poll echoes Quinnipiac in finding that voters want to see the minimum wage increased and unemployment aid extended; once again, even Republicans support raising the minimum wage, 53 percent to 43 percent. Republicans are just about exactly flipped on unemployment aid: 43 percent want to see it extended while 54 percent don’t. Democrats are overwhelmingly in favor of both policies, as are strong majorities of independents.

    But the survey also highlights a fundamental difference in how Republicans and Democrats see economic inequality and poverty: Republicans actually believe that rich people are rich because they worked harder and poor people are poor because they didn’t work hard enough: (chart of research in article)

    Author’s conclusion:

    Rich people are rich because they worked harder, my ass. This is a convenient belief if you’re wealthy, but in the vast majority of cases, reality it is not. And on that mistaken—and often self-interested—belief rests a long list of Republican policy positions that are increasing inequality and poverty, year by year by year.

    • danmurphy2011

      Untrue. There are many reasons the rich are rich, Luck, inheritance, creativity. vision, outstanding leadership, and financial savy. seems you lefties have called me every slanderous word in the dictionary and out. Can’t take the heat, truth.

      • Independent1

        Less than 10% of why the rich are rich is due to hard work, 90% is due to luck (that includes being born with athletic skills that allow one to be a multi-millionaire by playing games millions of others play for entertainment), more than 50% is because of inheritance, and very few is because of their own investment savy (the vast majority who are rich because of investments is because they had the money to hire investment advisors who they paid for their investment/tax saving expertise).

        And consider this: even Fox News will admit that since 1900, the stock market performance while a Republican was in the presidency has averaged less than a 5% market return, while during the time a Democrat was in the presidency the market averaged over a 12% return.

        An even more stark example of conservatives lack of investment savy was shown in a study done by the NYTimes back in 2005 of the stock market return for the 75 years from 1930 (right after the stock market crash) until 2005 which showed that under the 35 years of GOP governance the stock market return was less than .5% whereas, during the 40 years of Democrats the return was just under 10%. To show just how feeble the GOP’s governance had been – $10,000 invested in 1930 would have accumulated to $11,700 with the returns under the 35 years of GOP administrations, whereas that $10,000 would have been over $307,000 during the 40 years of Democratic governance.

        Republicans KNOW ABSOLUTELY NOTHING about running a government- absolutely nothing. GOP administrations are a train wreck when it comes to running either a state or national government!!!

        • danmurphy2011

          where did you get those percentages. Off the wall I bet. You seem to ignore people like Steve Jobs founder of Apple, a creative man and terrific leader. How about Bill Gates and his partner started Windows in his garage. Would you say that was creative I would. How about Ray Kurzweil who created the voice software used universally. How about John Bogle founder of Vanguard which is the major investment and saving company in the USA. How about Jim Cramer, CNBC, a self made man. How about Larry Ellison of Oracle.

          Do you know that the Obama government support research at GE,Apple, Cummins Diesel many others. They have faith in new developments to keep the USA competitve if not leaders in technology. he certainly is not negative on creativity and not betting on luck. Do you think Google’s enormous presences and growth was and is dumb luck. It is capitalism whether under the GOP or DEM governments
          it is not socialism designed to make everyone equal.

          • Independent1

            So what did you just do? You listed about half a dozen who actually did some work to get their fortunes. That’s a far cry from the 5-6 million super rich folks in America (the 1 to 2% of 315 million) . That’s well within my 10% projection which would be 40-60,000 of the 5-6 million.

          • Independent1

            And you don’t even have a clue as to what the word socialism means – you’d better pull out your Webster’s dictionary and look that one up. Nothing in America relates to socialism.

            But let me give you some statistics of what’s happening in GOP run states because of the GOP’s misguided efforts of cutting budgets to the bone so everyone can keep as much of “their own money” in “their pockets”:

            23 of the 25 states with the highest auto fatality rates are Red States.
            Here’s a list of the 1st 10 based on Auto Fatalities per One Million Miles Driven – 2010:

            MT-2.45;LA-2.17;SC-2.09;MS-2.04;AR-1.96;AL-1.81;AZ-1.69;NV-1.68;AK-1.63;NC-1.62 (Note: they’re all GOP run states)

            The following are based on 2009 statistics

            -11 of the 12 states that have the highest infant
            mortality rates in the nation are GOP-RUN STATES? With Mississippi having the highest infant mortality followed by Louisiana, Alabama, Tennessee, Arkansas, S. Carolina, Delaware, North Carolina, Georgia, Oklahoma, Indiana & Ohio.

            -20 of the 23 states that have more than 15% of their population struggling with incomes below the poverty level (the states that need the most welfare assistance) are GOP-RUN STATES. The only Blue States in the top 23 are California, New Mexico, and New York. While for 2013, the 8 states with the highest average incomes, including the 3 with the highest minimum wage standard, are all Blue States.

            – 15 of the 20 states with the highest average rates of homicide over the past 5 years are GOP-RUN STATES. With Louisiana being by far the murder capital of America followed by Mississippi, New Mexico, Maryland, South Carolina, Alabama,
            Arizona, Michigan, Missouri, Tennessee, Georgia, Illinois, Arkansas, Oklahoma, N. Carolina, Nevada and Florida.

            -23 of the 25 states in the nation with the highest highway fatality rates are GOP-RUN STATES; with Montana having the most fatalities followed by Louisiana, West Virginia, S. Carolina, Mississippi, Arkansas, Alabama, Tennessee, Arizona,
            Nevada, Alaska, N. Carolina, S. Dakota, Idaho, Wyoming, Oklahoma, Ohio, Florida…

            -19 of the 20 states with the highest firearms mortality rates are GOP-RUN STATES; with Louisiana leading the nation in firearms mortality followed by Wyoming, Alabama, Montana, Mississippi, Arkansas, Nevada, Tennessee, Alaska, New Mexico, Oklahoma, S. Carolina, W. Virginia, Missouri, Arizona, Kentucky, Georgia, Idaho, Florida and N. Carolina

            -9 of the 12 states with 6 or more public servants per 10,000 public employees convicted of
            corruption are GOP-RUN STATES: led by Louisiana with 10.5, Kentucky – 8.5; S.Dakota – 7.5, Delaware – 7.2; Mississippi – 7.1; Alabama – 7.1; Pennsylvania -7.1; N. Dakota – 6.9; New Jersey; 6.7; Montana – 6.5; Ohio – 6.3 and Tennessee- 6.0.

            -12 of the 15 states that get back the most federal aid for the tax dollars they send to Washington are GOP-RUN STATES; And all 10 that get more than $1.75 back for each $1 they send to Washington in tax revenues are red states. Of the 17 states that get back less tax dollars in federal aid than they send to Washington in tax revenues, ONLY 3 OF THEM ARE GOP RUN STATES. All 10 of the
            states that get the least federal aid for the taxes they pay (less than .75/$1) are BLUE STATES.

            – More than 75% of food stamp recipients live in GOP-RUN STATES. Six of the top 10 food stamp-using states are GOP-RUN states and beyond that the greatest food stamp using states are the sparsely populated red states. And of the 456
            counties in America that use more than 90% of all food stamps, 421 of those counties (92%) voted for Mitt Romney in the 2012 election.

            – the GOP-RUN STATE most Republicans probably look to as a shining light for the GOP, Texas, which is the second largest economy in
            America behind California, compares very poorly to other states in America. Texas ranks in the bottom 5 in more than 90% of 23 subjective measures when compared to other American states! Even though the GOP has had 20 plus years to turn it into something other than a job creation machine, Texas continues to shortchange its residents living standards and exposes them to many hazards;
            including living in the most polluted environment in America.

            – The five most violent states in the nation are all
            GOP-run states, led by Tennessee then S. Carolina, Louisiana, Florida and Nevada.

            -Finally, all 15 of the states with the lowest life
            expectancy in the U.S. are GOP-RUN STATES?? Such that there is a large disparity in longevity between Red States and Blue States: on average,
            residents of blue states live 2 years longer than residents of red states. To the extreme, the Blue State residents of 9 states with longevity projected to 80 and older, live as much as 5-6 years longer than the residents of the 4 shortest-lived GOP-RUN STATES of MS,WV,AL & LA. Follow this: starting with longevity projections for red states of 75 in: Miss., W. Va., Ala. & LA.; to 76 in:
            Arkansas, Kentucky & Tennessee to 77 in: S. Carolina, Georgia, Missouri, Indiana, Ohio & N. Carolina; while no Blue State has a longevity projection of less than 78, and many Blue states have longevity projected to 80 and over: N.J., N.H., Vermont, N.Y., Mass., Calif., CT, Minn. & Hawaii; Only one red state has longevity projected to 80 Utah ( 80.2), while 2 Blue States have longevity projections of over 81 –Minn. & Hawaii)

    • brb

      The rich generally are rich because they worker smarter, not harder. Of course luck and inheritance come into play for a minority of the the 1%, but for the most part they’re just smarter than you Independent1.

      • Independent1

        Is that supposed to be a put down? Remember, we’re talking about 1-2% of the population. Even if many of them are smarter than I am, I sure don’t mind being outsmarted by 1 or 2% of the people. And if what you say is true, they’re rich because their smarter – that’s still out of people’s control, proving that it’s not hard work that is why most people in America are super wealthy.

  • Dominick Vila

    The title of this article demonstrates that the far right is not the only segment of our political spectrum out of touch with reality. Tens of millions of Americans have a 401k plan, or small mutual fund portfolios, as they try to build the economic assets they need to send their kids to college or live comfortably after retirement. The “filthy rich” are not the only ones affected by market downturns, we all are. The author of this article should make an effort to familiarize himself with the realities of American life before firing a salvo at the maligned upper class.

    • daniel bostdorf

      Dominick…I think you just topped Pitts’ sarcasm 🙂


      “Dear Tom Perkins:
      I’m writing to apologize. I do this on behalf of the 99 percent of us who are not multimillionaires. You, of course, are, having made a pile as a venture capitalist and co-founder of the firm Kleiner Perkins Caufield & Byers.
      I admit, I’d have thought a guy like you had little to complain about. But that was before you wrote that tear-jerking Jan. 24 letter to The Wall Street Journal revealing the pain, the oppression, the abject sense of vulnerability and fear that go with having a net worth equal to the GNP of some developing nations.”

      • daniel bostdorf

        apology for double post of photo….must be glitch in comment system because I never put it with this comment?

    • danmurphy2011

      I think you understand the 1% are not the only Americans trying to build their assets with what the system provides. If these liberals

      spent sometime enhansing the efforts of these investors we just might move closer to equality.

  • daniel bostdorf

    The wonderful, sarcastic article by Pitts is an important piece to keep the national dialog going about the dangers of the “filthy rich” who engage in the worst form of being a plutarch….a member of the oligarchy that rules this planet…

    Here is a piece (January 27th) from Richard (RJ) Eskow, Senior Fellow, Campaign for America’s Future

    Did That Billionaire’s ‘Nazi’ Rant Begin With a Dispute … Over Landscaping?

    read here:

    Excerpt from article :

    “Perkins’ now-infamous screed for The Wall Street Journal is filled with bilious commentary about “the parallels of fascist Nazi Germany to its war on its ‘one percent,’ namely its Jews, to the progressive war on the American one percent, namely the ‘rich.'” Bad as it is, Perkins is not the first billionaire to do that kind of thing. Hedge funder Stephen Schwarzman notoriously compared to a tax increase for people like him to Hitler’s invasion of Poland.

    Perkins continues to double down on his offensive comments. That proves that he is serious about these ugly opinions, and will lead many people to conclude that he is an unredeemable jerk. (See update below.) Kleiner Perkins, the investment firm Perkins help create, has already distanced itself from Perkins with an outraged tweet pointing out that he has long since left the organization. (The tweet might be interpreted thusly: Shut up, Tom.)

    It’s important to understand, or at least attempt to understand, the mental state that produces such plutocratic rage. After all, our political and economic system gives billionaires an extraordinary influence over the lives of every individual in the country. It pays to investigate their emotional makeup, if only for our societal well-being.”

    Oligarchy: a country, business, etc., that is controlled by a small group of people: the people that control a country, business, etc.: government or control by a small group of people (the essential element of fascism)

    Plutocracy: government by the richest people : a country that is ruled by the richest people: a group of very rich people who have a lot of power (another central element of Fascism)