Tom Perkins, the founder of venture capitalist firm Kleiner Perkins Caufield & Byers, wrote a letter to the editor in today's Wall Street Journal in which he compares criticism of the rich to the Nazi persecution of the Jews in the 1930s.
Here's an excerpt:
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."
Perkins goes on to describe recent attacks on the wealthy in the San Francisco Bay Area, like the Google and Apple bus protests. He also writes that the public's turn against the rich represents a "dangerous rift" in America and compares such progressive radicalism to the German Kristallnacht.
One of the biggest themes emerging in the region right now is how wealthy tech workers are driving up real estate prices in the city, effectively pricing out the lower and middle classes. Recently, there have been a handful of instances of tech workers displaying clear ignorance of the wealth gap in the San Francisco area. For example, AngelHack CEO Greg Gopman was forced to apologize after calling the city's homeless "trash" in Decemeber.
We've reached out to Kleiner Perkins for comment.
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