01.27.14

Pity the Billionaire: Blessed are the job creators, they can always hire way more waiters.

Posted in Culture of Lickspittle at 4:56 pm by George Smith

Billionaire Tom Perkins rant in the weekend edition of the Wall Street Journal that the 1 percent were facing rising levels of hate potentially resembling that which led to to the notorious Nazi pogrom against the Jews, Kristallnacht, didn’t quite generate the desired outcome.

Today it was marked by a multitude of published comments,
almost all of them extremely negative. Perkins, quite rightly, was lampooned as a deeply weird and paranoid man, a trait he shares with a surprising number of America’s 1 percent who have occasionally popped off with similar comments in the age of Obama.

Krugman, for example:

Extreme inequality, it turns out, creates a class of people who are alarmingly detached from reality — and simultaneously gives these people great power.

The example many are buzzing about right now is the billionaire investor Tom Perkins, a founding member of the venture capital firm Kleiner Perkins Caufield & Byers. In a letter to the editor of The Wall Street Journal, Mr. Perkins lamented public criticism of the “one percent” — and compared such criticism to Nazi attacks on the Jews, suggesting that we are on the road to another Kristallnacht.

You may say that this is just one crazy guy and wonder why The Journal would publish such a thing. But Mr. Perkins isn’t that much of an outlier. He isn’t even the first finance titan to compare advocates of progressive taxation to Nazis. Back in 2010 Stephen Schwarzman, the chairman and chief executive of the Blackstone Group, declared that proposals to eliminate tax loopholes for hedge fund and private-equity managers were “like when Hitler invaded Poland in 1939.”


They can and all too often do surround themselves with courtiers who tell them what they want to hear and never, ever, tell them they’re being foolish …

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.

So reader Christoph was pretty much on the money yesterday when he commented:

We may have to accept the possibility, that money itself and the power that comes with it when amassed in great magnitude do actually corrupt peoples brains and turn them into a mentally unstable state.

This mad paranoia runs through American wealth. Krugman mentions the ire of it against Franklin Delano Roosevelt and the New Deal.

And While Ted Nugent is no billionaire, he mouthpieces for them on a virtually weekly basis, comparing Obama to a “brown shirt,” often condemning entire swaths of the US government, or anyone democratic, for that matter, as evidence of Nazism reborn. Most recently, Nugent compared movie mogul Harvey Weinstein, who is Jewish, to Joseph Goebbels.

A similarly paranoid streak runs through the central characters in Ayn Rand’s Atlas Shrugged. The story would not exist without the mentally ill grievance of John Galt and his anger toward all the parasite poor and government men out to steal his accomplishments and money.


Note ridiculous signs, made and distributed by Tea Party-supporting plutocrat slush fund men. You don’t think the sods carrying them could have actually made them, right?

“The 1 percent are not causing the inequality, they are the job creators … It’s absurd to demonize the rich who create opportunities for others,” Tom Perkins told a journalist on Bloomberg television about an hour ago.

They are the job creators. Good grief, another gift.

4 Comments

  1. Tom Paterson said,

    January 28, 2014 at 6:18 am

    http://www.jta.org/2014/01/28/news-opinion/united-states/venture-capitalist-tom-perkins-apologizes-for-kristallnacht-comparison

    *Perkins, 82, a founder of venture capital firm Kleiner Perkins Caulfield & Byers, made the apology Monday evening in an interview on Bloomberg Television. “I deeply apologize to you and anyone who has mistaken my reference to Kristallnacht as a sign of overt or latent anti-Semitism,” he said in an interview Monday on Bloomberg Television. “This is not the case.” …

    … Perkins told Bloomberg that the letter was: “a terrible misjudgment.” He said he has written a letter of apology to the Anti-Defamation League. But, he added, “I do not regret the message at all. Any time the majority starts to demonize any minority, no matter what it is, it is wrong and dangerous.”*

    Did you, did any of your readers, think for one moment that he was being anti-Semitic? Did the ADL? This might be a standard bit of Kansas City Shuffle flackery but it seems too incompetent. It does, I think, say something about his own psyche though.

  2. Tom Paterson said,

    January 28, 2014 at 6:33 am

    Between my posting the excerpt above and my then checking that the link actually worked (a few minutes) the jta.org page referenced has been amended and the passages cited have been excised. Oh, well. … And now just a few minutes later the page has vanished alogether. A Cheshire Cat!

  3. George Smith said,

    January 28, 2014 at 8:28 am

    I just thought he was exhibiting the common trait noted by Krugman, that the powerful surround themselves with lickspittles. He probably ranted it out on the Maltese Falcon yacht to anyone in hearing over the last few weeks without one person having the mettle to say how bad it came off. As I’ve said, whenever someone on the right or from the top tier is feeling persecuted they start citing Nazism, Hitler-ites and mass round-ups to death camps. Mostly, because it’s all they can think of in a quick and intelligence-insulting way, but something that sends an appealing message to others like them.

    I mean, really, who uses that idiot’s term, “job creators,” except libertarians and Republicans who are high on their own supply of accumulated mythology? I’m sure if someone would record Perkins long enough you’d eventually hear about “moochers” and “takers.” He’s a gift to lampoons and satire, eliminating the need for any humorist/writers at all, much like many American things.

  4. Tom Paterson said,

    January 28, 2014 at 9:20 am

    The sad truth is that we condition ourselves, step by step by tiny step. Believing each comforting, comfortable little lie. Deeper and deeper into the maze until we have lost the truth about ourselves altogether. (One of DD’s recurrent themes.)