Venture capitalist Tom Perkins came up with an unusual plan to "change the world" when he suggested that only taxpayers should have the right to vote.
Speaking at the Commonwealth Club in San Francisco, Perkins went on to say that wealthy Americans who pay higher taxes should get more votes, proportional to the the taxes they pay.
"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?"
While the audience laughed it off, Perkins knew he was courting controversy and suggested his comment would incite more anger than his letter to the Wall Street Journal, in which he likened the treatment of the "1 percent" to the persecution of Jew by the Nazis.
He later apologized for using the word "Kristallnacht," a term used for a series of coordinated attacks against Jews in Nazi Germany and parts of Austria, but maintained that the parallels still hold.
"I spilled a little more blood than I planned. But I'm not sorry I did it," he said of the letter.
Perkins also took aim at President Obama, calling him an "amateur" and held him somewhat responsible for the attacks on rich Americans. When asked how the wealthy we being targeted he said, "The fear is wealth tax, higher taxes, higher death taxes -- just more taxes until there is no more 1 percent. And that that will creep down to the 5 percent and then the 10 percent."
Original headline: Billionaire Tom Perkins: If you don't pay taxes, no right to vote
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