Tag: tom perkins
Pity The Poor Plutocrats

Pity The Poor Plutocrats

Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt…a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.

–President Dwight D. Eisenhower, in a 1954 letter to his brother Edgar

Pity the poor plutocrats, victims of the envious mob. You can hardly open the Wall Street Journal these days without reading a self-pitying screed by some billionaire hungry for love.

A while back it was venture capitalist Tom Perkins, who equated criticism of the wealthy with the Holocaust.

“I would call attention to 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,’” he opined in a letter to the newspaper.

Makes sense to me. One day they’re saying Wall Street bankers should pay the same tax rate as the guys who rotate their tires, next day they’re flinging them into concentration camps. Soon billionaires will be hiding in attic penthouses, quietly fondling stock certificates. Their limos will be disguised as UPS trucks, their yachts as humble tugboats.

In a subsequent San Francisco speaking engagement, Perkins suggested that the United States formally adopt a one-dollar, one-vote electoral system. Citizens, he said, should be like shareholders in a corporation.

“You pay a million dollars in taxes, you get a million votes. How’s that?”

The audience laughed, but Perkins claimed to be dead serious. Kleiner Perkins Caufield & Byers, the investment firm he co-founded, called itself shocked, and emphasized its disagreement.

More recently, Charles Koch, the elder of the infamous Koch brothers of legend and song, contributed an op-ed to the Journal bitterly complaining that people targeted by TV attack ads he’s paid for are actually allowed to talk back. The brothers, you see, are pure idealists campaigning for liberty.

So that when their Tea Party front groups oppose a public transport system in Nashville, Tennessee, work to forbid Georgia Power from investing in solar technology, or spend big on a county referendum on open pit mining in Wisconsin, it has nothing whatsoever to do with Koch Industries’ oil, gas and mining profits. It’s all about freedom.

And when the same organizations spend millions on TV commercials featuring actresses reading prepared scripts, pretending to have been injured by the Affordable Care Act and attacking Democratic U.S. senators in Arkansas, Louisiana and Alaska, that too is all about liberty.

However, wicked “collectivists” who “promise heaven but deliver hell,” — hell evidently being reliable health insurance not subject to cancellation on an employer’s whim — have called the Koch brothers out. One such is Senate Majority Leader Harry Reid, who went so far as to call their secretive methods “un-American.”

“Instead of encouraging free and open debate,” Charles Koch whined, “collectivists strive to discredit and intimidate opponents. They engage in character assassination. (I should know, as the almost daily target of their attacks.) This is the approach that…Saul Alinsky famously advocated in the 20th [century], and that so many despots have infamously practiced. Such tactics are the antithesis of what is required for a free society.”

“Despots,” mind you. Boo-hoo-hoo. Far from being abashed, Senator Reid must have been thrilled that his taunts lured Koch out of hiding. These boys normally prefer to hide the hundreds of millions they spend purchasing U.S. Senate seats behind benign-sounding outfits like “Americans for Prosperity.”

Because who’s against prosperity, right?

That said, I do think it’s wrong to call anybody “un-American.” To the contrary, the Koch brothers are every bit as American as John D. Rockefeller, H.L. Hunt or Scrooge McDuck, dabbling in his private bullion pool. The comic-heroic figure of the tycoon furiously stamping his little webbed feet because people are free to disagree with him has long been a staple of national life.

Like Charles and David Koch, who inherited hundreds of millions from their oilman father — a founding member of the John Birch Society, which famously held that President Eisenhower was a card-carrying member of the International Communist Conspiracy — their legacy often includes crackpot megalomania. Hence “collectivists,” a polite euphemism.

Koch’s Syndrome, you might call it: combining an obsessive-compulsive need to accumulate money — these boys are worth $100 billion, but they’re nevertheless bitter about paying taxes — along with a deep-seated fear of being found unworthy. Surrounded by obsequious underlings all their lives, they’ve no idea if they’ve ever really deserved it.

It may also be significant that Tom Perkins is 82, the Koch brothers 78 and 73, respectively.

Time’s winged chariot draws near, and there’s no baggage compartment.

Photo: dpmshap via Flickr

Billionaire Tom Perkins: Paid A Million In Taxes? You Should Get A Million Votes!

Billionaire Tom Perkins: Paid A Million In Taxes? You Should Get A Million Votes!

Tom Perkins, the billionaire venture capitalist who recently made the worst possible argument against fighting inequality, is once again speaking up for the rights of the super-rich — and making the rest of the country cringe.

During a Thursday event at the Commonwealth Club on Thursday, Perkins told Fortune’s Adam Lashinksy how he would reform election laws. Borrowing a theory from Bryan Fischer — which is generally a good indicator that trouble is about to follow — Perkins explained, “The Tom Perkins system is: You don’t get to vote unless you pay a dollar of taxes.”

“But what I really think is, it should be like a corporation,” Perkins added. “You pay a million dollars in taxes, you get a million votes. How’s that?”

As CNN Money points out, although the audience laughed, Perkins gave no indication that he was joking (he later noted that “I intended to be outrageous, and it was”).

Whether or not the billionaire’s comments were meant to be in jest, however, his proposal is really no joke. After all, Perkins’ stated goal — giving the wealthy near-total control over elections — seems closer to reality than at any point in memory. As The Huffington Post’s Paul Blumenthal recently pointed out, in the 1980 elections, the wealthiest 0.01 percent of campaign donors accounted for just under 15 percent of campaign contributions. In the 2012 elections, however, the top 1 percent of the 1 percent accounted for more than 40 percent of all money spent. In other words, if there’s a problem with the super-wealthy’s influence in elections, it’s certainly not that they have too little of it.

On Thursday, Perkins also clarified how exactly the rich are being demonized in America.

“The fear is wealth tax, higher taxes, higher death taxes — just more taxes until there is no more 1 percent,” Perkins said, apparently confused about how percentages work. “And that that will creep down to the 5 percent and then the 10 percent.”

While Perkins is an avowed enemy of the government collecting money, however, he doesn’t seem to be as opposed to the government giving it out. Perkins made much of his fortune working for the computer giant Hewlett-Packard, which happens to be one of the top defense contractors in the United States, and could never have grown to its current size without the active support of the federal government.

Of course, Perkins’ rant isn’t even his most offensive of the past month. Compared to his warning that the progressive critique of income inequality is reminiscent of Kristallnacht, suggesting that America let the richest of the rich unilaterally decide elections so they can dodge paying taxes is downright politically correct.

At this rate, it’s only a matter of time before Republican pollsters start adding Perkins’ name to their questions about the 2016 Iowa caucus.

AFP Photo/Steve Jennings

Sincerest Sympathy To The Filthy Rich

Sincerest Sympathy To The Filthy Rich

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.

Zoning laws that limit you to one measly helipad on your very own land? No difference between that and the Trail of Tears.

Where will it end? Will they make you fly commercial? Buy off the rack? Golf on a public course? Might as well hitch up the boxcars and pack you in.

I confess to having been blind to the suffering of the Affluent-American community. But you’ve opened my eyes. How awful it must be, forced to live in segregated neighborhoods like Brentwood and Star Island in constant fear of metaphorical beatings and rhetorical lynching if you dare get out of your place and whine about the travails of your life of vulgar excess.

Well, sir, thanks to great Affluent-American leaders like you, I have a dream that one day your children will not be judged by the content of their offshore accounts.

You are as human as anyone else. Your manservant puts your pants on one leg at a time just like the rest of us. So I apologize to you on behalf of the 40-year-old man with a college degree struggling to raise his son on a McSalary, the little girl trying to concentrate on algebra while her stomach growls with missed-meal cramps, the Walmart employees collecting food for co-workers, the homeless family praying the social worker will find them shelter for the night as temperature and snow fall steadily.

You know, until I read your letter, I thought they were the ones most deserving of my empathy and concern, these victims of wealth inequality, a tilted playing field and the sheer greed of rapacious money pigs. But you’ve set me straight, and I want you to know I’m with you all the way.

I mean, now that I know who the real victims are.

(Leonard Pitts is a columnist for The Miami Herald, 1 Herald Plaza, Miami, Fla., 33132. Readers may contact him via email at lpitts@miamiherald.com)

AFP Photo/Steve Jennings

Billionaire Bashed For Putting Rich-Haters On Par With Nazis

Billionaire Bashed For Putting Rich-Haters On Par With Nazis

San Francisco (AFP) – Billionaire Silicon Valley venture capitalist Tom Perkins is at the center of a social media firestorm for comparing protests against the rich to Nazi persecution of Jews.

Perkins’ publicly stated position even prompted the powerhouse investment firm bearing his name, Kleiner Perkins Caufield and Byers, to say he was not speaking on its behalf.

“Tom Perkins has not been involved in KPCB in years,” the venture capital firm that Perkins helped create said in a message fired off Monday at Twitter, which was among its investments.

“We were shocked by his views expressed today in the WSJ and do not agree.”

Meanwhile, Perkins on Monday was standing behind what he said in a letter published in the Wall Street Journal that ignited controversy over the weekend.

“Writing from the epicenter of progressive thought, San Francisco, I would call attention to 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,” Perkins said in the opening of the letter.

“This is a very dangerous drift in our American thinking,” he wrote. “Kristallnacht was unthinkable in 1930. Is its descendent ‘progressive’ radicalism unthinkable now?”

Perkins noted the Occupy movement and recent protests in San Francisco over buses provided by Google to shuttle tech workers to Silicon Valley.

Activists in San Francisco have taken to blaming Internet company employees for driving up rents, housing prices and other aspects of living here.

“We have outrage over the rising real-estate prices which these ‘techno geeks’ can pay,” Perkins wrote.

Perkins on Monday openly apologized for the ‘Kristallnacht’ reference but said that he still sees the demonization of the rich as a dangerous trend.

A Twitter post by @OccupyWallStNYC dismissed Perkins assertion as “insane.”

Photo: Steve Jennings via AFP