Tag Archives | Tom Perkins

Billionaire Wants More Votes For The Rich

Yes, billionaire investor Tom Perkins is absolutely serious, the 1% should get more votes because they pay more in taxes (and if you pay no taxes, you would get no vote). From CNN Money:

Tom Perkins suggested Thursday that only taxpayers should have the right to vote — and that wealthy Americans who pay more in taxes should get more votes.

The venture capitalist offered the unorthodox proposal when asked to name one idea that would “change the world” at a speaking engagement in San Francisco moderated by Fortune’s Adam Lashinsky.

“The Tom Perkins system is: You don’t get to vote unless you pay a dollar of taxes,” Perkins said.

“But what I really think is, it should be like a corporation. You pay a million dollars in taxes, you get a million votes. How’s that?”

The audience at the Commonwealth Club reacted with laughter. But Perkins offered no immediate indication that he was joking.

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