Tom Perkins: You Should Get 1 Vote for Every Dollar You Pay in Taxes

Friday, 14 Feb 2014 11:39 AM

By Lisa Barron

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If you pay $1 million in taxes, you should get a million votes, billionaire venture capitalist Tom Perkins said.

When asked at a speaking engagement in San Francisco on Thursday to name one idea that would save the world, the co-founder of Kleiner Perkins Caufield & Byers, responded, "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 a like a corporation, you pay a million dollars in taxes you should get a million votes. How’s that?"

Story continues below the video.



Asked offstage at the Commonwealth Club whether he was serious, Perkins said, "I intended to be outrageous, and it was," reports CNN Money.

He went on to say that his voting proposal would "make you more angry than my letter to the Wall Street Journal."

In January, Perkins wrote a letter published in the Wall Street Journal to "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.'"

The letter caused a public outcry and Perkins later apologized for his words but not the overall message.

He repeated his view on Thursday that there is a trend towards persecution of the rich in America and that it has grown under President Barack Obama, whom he reportedly called an "amateur."

One example, Perkins said, is taxation. "The fear is wealth tax, higher taxes, higher death taxes—just more taxes until there is no more 1 percent. And that will creep down to the 5 percent and then the 10 percent," he said.
 
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