According to Paul Krugman, one of the reasons the extreme wealthy are so worried about being taxed, the same way we the little people are, is because they may be just a little concerned about how they made their dubious wealth.
“...I also suspect that today’s Masters of the Universe are insecure about the nature of their success. We’re not talking captains of industry here, men who make stuff. We are, instead, talking about wheeler-dealers, men who push money around and get rich by skimming some off the top as it sloshes by. They may boast that they are job creators, the people who make the economy work, but are they really adding value? Many of us doubt it — and so, I suspect, do some of the wealthy themselves, a form of self-doubt that causes them to lash out even more furiously at their critics….”
Tom Perkins, a venture capitalist, as well you know, thinks that we the little people are going to hunt the ultra wealthy like him, the way the Nazis did the Jews during Kristallnacht. He said so in a letter to the editor of the Wall Street Journal. Like Krugman pointed out, all that money helps insulate the ultra wealthy, people like Tom Perkins who once managed to get away with paying a fine of a couple thousand dollars for a man killed by his yacht.
“…Regarding your editorial “Censors on Campus” (Jan. 18): Writing from the epicenter of progressive thought, San Francisco, 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.”
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. There is outraged public reaction to the Google buses carrying technology workers from the city to the peninsula high-tech companies which employ them. We have outrage over the rising real-estate prices which these “techno geeks” can pay. We have, for example, libelous and cruel attacks in the Chronicle on our number-one celebrity, the author Danielle Steel, alleging that she is a “snob” despite the millions she has spent on our city’s homeless and mentally ill over the past decades.
This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendent “progressive” radicalism unthinkable now?…”
He also once wrote a book called Sex and the Single Zillionaire. It’s selling on Amazon for a whole 1 cent. Rush Limbaugh thinks that Obama is going to stage some sort of coup or something. Evidently, Rush still can’t get it into his head that because the wealthy are paying their ‘fair share’ of taxes, isn’t really a ‘fair share’ because they’re paying a far less percentage rate than we the little people are.
“...CBS analyst Mellody Hobson, whose husband George Lucas is worth $7.3 billion, appeared on This Morning to slam excessive salaries for corporate bosses. Discussing income inequality and Barack Obama’s planned discussion at the State of the Union, Hobson lashed out, “If you look today, the typical CEO makes 354 times more than the typical worker in his or her company, mostly his because there are so few women running companies.” “If you look back to 1980, that difference was just 42 times. So it’s been that kind of income inequality that has started a lot of backlash and chatter…”
Heck, I don’t care about inequity – as long as everyone is paying the very same tax percentage rate, with the very same deductibles, and the very same minimum. Why is it acceptable to take what we have away from us, but the ultra wealthy should get a break? They’re not creating jobs. We know that for a fact. Small business creates jobs. Small business is the one screwed by taxes. Big business gets away with paying almost nothing. We’re subsidizing them.
“…But much more importantly, as Warren Buffett argues, fighting income inequality isn’t about knocking the rich down, but building the poor and middle class up. President Obama, in his 2013 inauguration address, argued that “our country cannot succeed when a shrinking few do very well and a growing many barely make it.” A “thriving middle class,” he said, “is the true engine of economic growth.”
This is true, and it needn’t and won’t come at the expense of the rich. Yes, taxation is necessary to pay for investment in programs to help the middle class — education, infrastructure, safety nets, etc. And, as Warren Buffett argues, the rich must pay their share. But a thriving middle class means a bigger, more prosperous market to sell to. That’s good for the rich, even if they end up paying slightly higher taxes to get there. Economics isn’t a zero sum game. A rising tide can lift all boats, fancy yachts included. That’s one reason why the 1950s and 1960s — which had much lower income inequality — also had much higher economic growth….”
Evidently, according to a recent study, people like Tom Perkins are completely out of touch with reality. They feel that their wealth should protect them from the staunch of the little people. They think they are better than we are. They embrace libertarian philosophies in order to alleviate themselves from the requirement of being held accountable – for something. They aren’t accountable. They don’t need to be. They’re the new oligarchs of the world. After all, they do on the American political scene. It’s a world of the Kochs by the Kochs and for the Kochs.
When people begin becoming so defensive of a position, becoming absolutely absurd, you know they realize that they are in serious trouble with that position. You don’t become so defensive unless you know your position is absolutely wrong, or you came by what you have the wrong way.