SAN FRANCISCO - Tom Perkins, the Silicon Valley venture capitalist who compared the plight of the wealthiest Americans to Jews in Nazi Germany, offered up a provocative new idea on what the rich deserve: more votes in public elections for every dollar they pay in taxes.
"If you pay a million dollars, you should get a million votes," Perkins, the retired co-founder of venture capital firm Kleiner Perkins Caufield & Byers, told an audience at San Francisco's Commonwealth Club in comments that he later said were meant to be provocative. He also said that only taxpayers should have the right to vote.
Last month, Perkins wrote a much-discussed letter-to-the-editor published in The Wall Street Journal that likened the Nazi party's war on Jews to what he called "the progressive war on the American one percent, namely the 'rich.'"
He later apologized for the analogy, which included a reference to Kristallnacht, the 1938 attack on Jews in Nazi Germany and Austria. He expressed regret again on Thursday for those words, saying, "You shouldn't compare anything to the Holocaust."
Robert Galbraith / REUTERS file
Venture capitalist Tom Perkins, shown in San Francisco in 2011, said: "If you pay a million dollars, you should get a million votes."
But on Thursday night, he doubled down on his comments about the treatment of the nation's wealthiest citizens.
"The extreme progressivity of taxation is a form of persecution," he said. "I think if you've paid 75 percent of your life's earnings to the government, you are being persecuted."
He also discussed editorial attacks on his ex-wife, the best-selling novelist Danielle Steele and posited that if Germany had U.S. gun laws, "there would have never been a Hitler."
Later in the talk, Perkins made it clear he was trying to goad the audience.
"It's going to make you more angry than my letter to The Wall Street Journal," he said, before floating his idea about allocating votes based on taxes. "How's that?" he said when finished, throwing up his hands and looking out at the laughing audience.
First published February 14 2014, 3:03 PM