Super-Rich Businessman Compares Treatment Of The Rich To The Holocaust

A billionaire has compared the treatment of the wealthy to the treatment of the Jews during the Holocaust.

Venture capitalist Thomas Perkins wrote an eyebrow-raising letter to the editors at the Wall Street Journal, comparing the plight of the rich to the mass murder by the Nazis, called "Progressive Kristallnacht Coming?"... and the WSJ published it.

"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 writes. Thomas Perkins, one of the founders of venture capital firm Kleiner Perkins Caulfield & Byers, was comparing taxes on the super rich to the slaughter of millions in the Holocaust.

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The Top 1%

The richest 1% of US Americans earn nearly a quarter of the country's income and control an astonishing 40% of its wealth. Inequality in the US is more extreme than it's been in almost a century — and the gap between the super rich and the poor and middle class people has widened drastically over the last 30 years.

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The Shocking US Graphic Data That Shows Exactly What Motivates the Occupy Movement

What are the Occupy Wall Street protesters angry about? The same things we’re all angry about. The only difference is the protestors turned their anger into public action. Occupy Wall Street lit the embers and the sparks are flying. Whether it turns into a genuine populist prairie fire depends on all of us.

Now is not the time for wonky policy solutions, as the media meatheads are calling for. Rather, it’s time to air our grievances as loudly as possible, which is precisely what Wall Street and its minions fear the most. Here’s a brief list of why we should be angry and the charts to back it up.

Actually the top tenth of one percent. Because of financial deregulation and tax cuts for the rich, the income gap is soaring. Here’s one of my favorite indicators that we compiled for The Looting of America. In 1970 the top 100 CEOs earned $45 for every $1 earned by the average worker. By 2006, the ratio climbed to an obscene 1,723 to one. (Not a misprint!)

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