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Tom Perkins Would Like To Propose A Constitutional Amendment

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The venture capitalist will allow that when he compared progressive politics to Kristallnacht, he may have exaggerated slightly: He knows the 1% will not literally go extinct, for mathematical if for no other reasons. But just in case, he's come up with a plan that will keep them protected.

When challenged to say, in 60 seconds, how he would change the world, Perkins made a playfully controversial response. He suggested that, in the tradition of Thomas Jefferson's voting land owners and Margaret Thatcher's idea of only allowing taxpayers to vote, "The Tom Perkins system is: You don't get the vote if you don't pay a dollar in taxes. But what I really think is it should be like a corporation. You pay a million dollars, you get a million votes. How's that?" To which the audience responded with laughter. Perkins later said offstage that what he meant was that, with 50% of registered U.S. voters not paying taxes, "we got ourselves into a mess." [...]

The last question an audience member asked at the end of the event was what the 1% fears. While the Jews of Nazi Germany feared deportation and extermination, what was it that made Perkins afraid of "the war on the 1%?" Perkins said the fear is higher taxes until there is no 1%. "It's an economic extinction, not a physical one."

To reiterate, all he meant was an economic genocide, not a real one, and that separately, it would be great if we could come up with a two-pronged tax plan that gives the rich more votes, and makes them count even more by disenfranchising the poor. If TP keeps being this reasonable, the firm he founded may have to stop telling people they've never heard of the guy.

Tom Perkins: Taxes will lead to 'economic extinction' of the 1% [Fortune]