US Billionaire Compares Recent Protests Against the 1% As Comparable to Nazi Germany
Published on: 26th Jan 2014
Note -- this news article is more than a year old.
By: Ian Mansfield
A US technology billionaire has caused outrage after he likened the treatment of rich people the so called 1 percent in recent years to how Nazi Germany dealt with the Jews.
In a letter to the Wall Street Journal, the co-founder of Kleiner Perkins Caufield & Byers, Tom Perkins wrote: "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.'"
His comments caused a storm of protest on Twitter and other social media forums. It was somewhat overlooked that his letter had been a complaint about the tendency to "storms of protest" about issues. A storm of protest that his own letter provoked by the dubious allusions to the treatment of the Jews by the fascist governments of Europe.
The Silicon Valley venture capital firm has distanced itself from his comments following an outcry once they became more widely known.
In a comment on its twitter account, Kleiner Perkins stated that: "Tom Perkins has not been involved in KPCB in years. We were shocked by his views expressed today in the WSJ and do not agree."
He is still listed on the company's website as a partner emeritus though, although that may be a purely honorific position now.