Oh my, the rich are feeling under attack again. Back in 2010 a proposal to raise the tax rate on big investors was compared to “Hitler invading Poland in 1939”. So I guess it was time for venture capitalist Tom Perkins to go into full whiney mode and complain that the rich are under attack from “higher taxes, higher regulation and so forth. We are beginning to engage in class warfare.” And of course, he then went on to compare the assault on the wealthy to a wave of Nazi attacks on Jews ahead of the Holocaust.
Excuse me? Income for the top 1% grew by 31% from 2009 to 2012 (while the remaining 99% saw their income go up 0.4%). The Dow Jones stock index doubled since 2009 (which benefits the rich the most). And while a few small tax hikes have gone into effect, the tax rates on the rich are still pretty low compared to where they have been in the past.
Then he went on to say this:
The fear is wealth tax, higher taxes, higher death taxes — just more taxes until there is no more 1%. And that that will creep down to the 5% and then the 10%.
Yes, that’s right, he appears to be too stupid to understand how simple math works. There will always be a top 1%. That’s as dumb as saying you want all children to be above average.
But then Perkins gave us his solution to the problem:
But what I really think is, it should be like a corporation. You pay a million dollars in taxes, you get a million votes. How’s that?
You see, democracy is just like Nazi Germany! You are attacking the rich unless you give them more votes!
I have paid more than a million dollars in taxes in a single year, so I would greatly benefit from this, but it is a ridiculous idea. In fact, I don’t think he was really serious about it, but was just being an attention whore. However, what really annoys me is that it seems to be the rich people who least deserve all that money who make the most fuss about being attacked.
I don’t mind people who get rich by actually doing something worthwhile. Steve Jobs got filthy rich, but he worked hard for that money. Apple wasn’t enough work for him, so he took on Pixar too. Heck, he worked the day before he died of cancer.
Obama took heat because he referred to “fat cat” bankers on 60 Minutes back in 2009, but he wasn’t attacking the rich. He was attacking bankers who got bailed out by the federal government when they destroyed the world economy, and then paid themselves huge bonuses with our money. Since when did being rich become an entitlement?