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General News    H2'ed 2/2/14

Progressive Kristallnacht Coming? Wall Street Journal says be afraid

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"They were obviously father and son, with the same tall, athletic build. They were so handsome that they could have made money modeling, if anyone could afford to hire them. The aura of money seemed to float around them." -- Tom Perkins, 2006, in his novel "Sex and the Single Zillionaire"

Perkins, who in 1972 was a founding partner of Kleiner Perkins Caufield and Byers, a prominent Silicon Valley venture capital partnership, denied that his choice of words implied any anti-semitism:

"This is not the case. My late partner [Eugene Kleiner] was from Austria and fought in the U.S. Army. We became the deepest of friends during our long association, and he taught me "never imagine that the unimaginable cannot become real.' He was never comfortable with the extreme political currents in America. He never took our demonization for granted. He would have understood my letter, and would have agreed."

His former firm, on the other hand, did not agree. Kleiner Perkins tweeted on January 24: "Tom Perkins has not been involved in KPCB in years. We were shocked by his views expressed today in the WSJ [Wall Street Journal] and do not agree." Others echoed this sentiment, as summed up by the New York Times three days later.

One of the harshest and most powerful assessments came from venture capitalist Mark Suster's blog: "This is not a mere gaffe that people won't remember in 3 years. Perkins will forever be associated with greed, insensitivity and lack of historical context. If it were my firm I would rebrand as Kleiner".

"We have too much inequality in our country. It's not just a matter of fairness or morality it's a matter of good economics. Having a highly functional middle class is good policy for long-term economic growth. Having a fair society in which lower income families have a shot at social mobility is essential for our security and well being." 

On Bloomberg TV, Perkins hinted at some agreement with that opinion: "I am friends with [California Governor] Jerry Brown. I voted for him. I will vote for him even though he raised my taxes 30%. He tells me the number one problem in America is inequality. And that's probably and possibly true." 

But Perkins has a different answer to the problem: "It's absurd to demonize the rich". I am your classical self-made man". I think the solution is less interference, lower taxes, let the rich do what the rich do, which is get richer. But along the way, they bring everybody else with them."

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Vermonter living in Woodstock: elected to five terms (served 20 years) as side judge (sitting in Superior, Family, and Small Claims Courts); public radio producer, "The Panther Program" -- nationally distributed, three albums (at CD Baby), some (more...)
 
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