Legal News

The Plight of the Rich
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

 

Sometimes people are too eager to take a stab at Nazi analogies. They want to use a historical reference that people will recognize.

  
What
Where


Billionaire capitalist and one of the founders of leading venture capital firm Kleiner Perkins Caufield & Byers, Thomas Perkins, has written a letter to the editors at the Wall Street Journal. The Wall Street Journal published his letter. Thomas Perkins, who sat on the board of directors of Rupert Murdoch’s News Corporation, has received some backlash to the letter. The 82 year old capitalist portrays the rich as victims and accuses the mainstream media of promoting “demonization of the rich.”

The Huffington Post has reported that Thomas Perkins wrote his views, making a comparison between the plight of the rich to the Holocaust, called “Progressive Kristallnacht Coming?” He was clearly comparing the taxes placed on the super-rich to the slaughter of millions of people during the Holocaust.

The Associated Press’ Stephen Ohlemacher has also written an article depicting the heftiest tax burden on the richest Americans who are “paying some of their biggest federal tax bills in decades even as the rest of the population continues to pay at historically low rates.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




However, CBO data showed that “after-tax incomes for the top 1 percent of households more than doubled from 1979 to 2009, increasing by 155 percent,” while “incomes for those in the middle increased by just 32 percent during the same period,” according to the same article in the Associated Press by Stephen Ohlemacher.

The letter to the editor at the Wall Street Journal by Perkins, who was once married to romance novelist Danielle Steel, proves you can get rich without being very thoughtful, perceptive, or intelligent writes Slate’s Matt Yglesias.



President Obama stated,   “what I can’t do is ask middle-class families, ask seniors, ask students to bear the entire burden of deficit reduction when we know we’ve got a bunch of tax loopholes that are benefiting the well-off and the well-connected, aren’t contributing to growth, aren’t contributing to our economy. It’s not fair. It’s not right,” according to Huffington Post. And while the majority of this post has been critical of the situation, personally, I have had parallel thoughts and have feared that the raging mob mentality that dominated in Nazi Germany and ended with innocence being massacred seems to be present in the eager to blame blood thirsty mobs that hate the 1 percent- whom they hate for hate’s sake. For more information about employment opportunities with the Wall Street Journal, readers can click here.

Image Credit: www.money.cnn.com



 

RELEVANT JOBS

Legal Assistant

USA-LA-Baton Rouge

Legal Assistant/Paralegal needed for fast paced Downtown Personal Injury firm. Duties will include c...

Apply now

Real Estate Attorney - in house

USA-CA-San Diego

Are you looking to work with a company who believes in celebrating differences and empowering each o...

Apply now

Paralegal / Office Manager

USA-GA-Atlanta

Baker Jenner LLLP is a growing multi-disciplinary practice looking for a litigation paralegal with a...

Apply now

Associate Attorney

USA-FL-Fort Lauderdale

NOW HIRING ASSOCIATES! Candidates must be admitted and be a practicing attorney or recently admitted...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Patent Agent

USA-NC-Durham

Durham office of a BCG Attorney Search Top Ranked Law Firm seeks a patent agent with 2-6 years of ex...

Apply Now

Patent Agent

USA-NC-Raleigh

Raleigh office of a BCG Attorney Search Top Ranked Law Firm seeks a patent agent with 2-6 years of e...

Apply Now

Patent Agent

USA-NC-Winston Salem

Winston Salem office of a BCG Attorney Search Top Ranked Law Firm seeks a patent agent with 2-6 year...

Apply Now

SEARCH IN ARCHIVE

To Top