At a time when it was revealed that the 85 richest people in the world are as rich as the poorest 3.5 billion, one US billionaire has compared the treatment of the super-rich with the Nazi’s treatment of the Jews.
In a letter to The Wall Street Journal, Thomas Perkins, who is thought to be worth around $8bn, made this startling comparison. He wrote of ‘parallels’ between the treatment of Jews in Nazi Germany and what he describes as the “progressive war on the American one percent”.
Perkins was a founder member of the venture capital firm Kleiner Perkins Caulfield & Byers. He continued: “From the Occupy movement to the demonization of the rich embedded in virtually every word of our local newspaper, the San Francisco Chronicle, I perceive a rising tide of hatred of the successful one percent.”
MIT educated Mr Perkins concluded his letter with a warning of a “very dangerous drift in our American thinking.” He added that “Kristallnacht was unthinkable in 1930; is its descendent ‘progressive’ radicalism unthinkable now?”
Another recent news story about Mr Perkins concerned his spending $150million building a super yacht called the Maltese Falcon.
Oh the poor super-rich. How can they possibly defend themselves, apart from buying newspapers and media companies and employing PR companies to promote their image? The 99% are so much better off in comparison.
Also, the super-rich create so many new jobs, if only among house servants in Bermuda and the people who build luxury yachts. And these people have much less access to expensive lawyers than the huddled masses. Tax arrangements are so difficult for the poor dears one really has to sympathise.
Every few years someone pipes up with the theory that the taxes on the rich should be lowered in order to create jobs. I wonder who puts this theory about, Cui bono? As they say in the law. Once the super rich have made their pile they secrete their wealth away from prying tax men by moving out to a tax haven, or their accounts, and live off the dividends. They make less and less of a contribution to society. Mr Perkins is not just a deluded fool, he a symptom of the disease of greed.
Incidentally, taking a mean average of the 85 richest men, one of these is worth as much as 41,176,471 poor people (that is forty one million, one hundred and seventy six thousand, four hundred and seventy one poor people for every one of the eighty five). Studies have shown that the happiest societies are not the richest ones, but those where the gap between the rich and the poor is the smallest. In a global economy we are storing up unprecedented levels of discontent. That is my warning.
…. there’s nothing surer, the rich get rich and the poor get poorer