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Friday, February 14, 2014

The Capitalist Democracy: The More Money You Make, The More Votes You Get

Posted by on Fri, Feb 14, 2014 at 11:03 AM

On the main page of CNN:

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?"

That would be a great idea if only for one important fact: The social greatness of many of the humans in the past, present, and future has been undervalued by money. Monetary wealth is simply a poor measure of social worth.


Comments (34) RSS

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Max Solomon 1
do sales taxes count?
Posted by Max Solomon on February 14, 2014 at 11:14 AM · Report this
Now I have no interest in what some jackhole named Perkins thinks, but in case anyone with a brain is listening, this is what s_d thinks.

The Ultimate Terrorist Threat to America

In Matt Taibbi's latest article, he neatly sums up why any non-traitor, any decent American, must finally realize that JPMorgan Chase and Goldman Sachs are the two greatest threat to Americans and America, and everyone working there must be put to death.

Then, those two companies are not to be broken up, but completely dissolved.

Any congresspeople, other politicians, and police who have received money from those two organizations should be exterminated!

It is simply not that they have rigged and gamed everything, but that they have done so in such a matter, that the rigged markets are played off one another, to extract --- or rather steal --- the most money imaginable, while screwing up everything, trashing entire economies and lives and increasing the long march of anti-progress! (Also called interoperability.)

(Unfortunately, while I've always appreciated Taibbi's writing and articles, he doesn't fully yet still understand this, but he is evolving.)

Some traitor scum will, no doubt, believe these are extreme measures, but as anyone who is sane with a brain and literate enough to read both Taibbi's article, and the Better Markets lawsuit against the Department of Justice and their ludicrous settlement with America's number one criminal organization, JPMorgan Chase, will see the light.

JPMorgan Chase's perfidy goes back many years, from hiding billions of dollars of loans to Enron as commodity trades in the late 1990s, to today's crimes.

The Taibbi article:…

Better Markets fact sheet:…
Posted by sgt_doom on February 14, 2014 at 11:26 AM · Report this
keshmeshi 3
They're not even trying not to sound like thieves anymore.
Posted by keshmeshi on February 14, 2014 at 11:27 AM · Report this
Unregistered User 4
@1 A fun counter to this ridiculousness would be percent of total income handed away in taxes used as a weighting tool instead.

I actually had a conversation with someone once about how just because you pay more in absolute tax dollars doesn't mean you get a larger chunk of public services and properties, it's like he had never thought about it before.
Posted by Unregistered User on February 14, 2014 at 11:33 AM · Report this
fletc3her 5
The class war is real and it is being waged quite successfully by the rich. The rest of us had better wake up.
Posted by fletc3her on February 14, 2014 at 11:35 AM · Report this
A Valentine for Bill Gates…

Boo hood, dood!
Posted by sgt_doom on February 14, 2014 at 11:37 AM · Report this
I'll go along with Perkins, as long as I can choose the price point. Here's my deal: everyone gets one vote to start. For each whole billion dollars paid in federal personal income tax, or just outright contributed to the Treasury, you can have one extra vote that year. (Cover our entire federal budget deficit for the year and you earn about 600 extra votes! Cover the entire $3.8 Trillion budget yourself, and we'll give you 3800 votes.) How's that, Champ?

Rich people don't fund our government, though. While they make most of the money, they also weasel out of most of the taxes. "Takers."
Posted by Brooklyn Reader on February 14, 2014 at 11:38 AM · Report this
keshmeshi 8

How about you get a vote for every percentage point of your effective tax rate?
Posted by keshmeshi on February 14, 2014 at 11:44 AM · Report this
@8 Nope. If I'm picking, everyone gets one vote, and one bonus vote for every whole billion personally paid into the Treasury that year.

Votes are precious. If we're going to sell them, they should cost a LOT.
Posted by Brooklyn Reader on February 14, 2014 at 11:53 AM · Report this
Fifty-Two-Eighty 10
As it stands right now, rich people and corporations already have a ridiculously disproportionate amount of control over the way this country is run. Instead of talking about giving them more, we need to be looking at ways to take control away from them.
Posted by Fifty-Two-Eighty on February 14, 2014 at 11:57 AM · Report this
Original Andrew 11
Poor people pay plenty in sales taxes, excise taxes, etc. Their rent payments pay the landlord's property taxes. But what use is reason with the 1 percenters? They're like the pre-revolution French nobility who would laugh at the mangled bodies of peasants crushed by their carriages.

At least their goal of returning our society to feudalism, indentured servitude, and mass poverty is out in the open now.
Posted by Original Andrew on February 14, 2014 at 11:58 AM · Report this
Dougsf 12
What could go wrong?
Posted by Dougsf on February 14, 2014 at 12:00 PM · Report this
Reverse Polarity 13
As long as we're regressing, why doesn't he just advocate for going back to our founding days... when only white male land-owners could vote?

What an asshat.
Posted by Reverse Polarity on February 14, 2014 at 12:01 PM · Report this
CBSeattle 14
With guys like this we should just skip straight to the guillotine. I'm sure Charles will enjoy knitting in the front row.
Posted by CBSeattle on February 14, 2014 at 12:07 PM · Report this
Banna 15
I say do it; these assholes are so cheap that as soon as this comes to pass rich people will vote to have their tax rate dropped to 0% and they'll lose all their voting power.
Posted by Banna on February 14, 2014 at 12:14 PM · Report this
His proposal is essentially: "If this country is working extraordinarily well for you as it is, then only YOU get to vote whether or not to keep it as it is."
Posted by G g on February 14, 2014 at 12:17 PM · Report this
keshmeshi 17

Mainly I would just think it's funny seeing Mitt Romney having zero votes.
Posted by keshmeshi on February 14, 2014 at 12:20 PM · Report this
Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn 18
"It should be like a corporation"? Like paying CEOs who ruin the company a hundred million dollars? Corporations don't know how to run themselves.
Posted by Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn on February 14, 2014 at 12:23 PM · Report this

From the sounds of it, Perkins "proposal" would get us about 9/10ths of the way there.
Posted by COMTE on February 14, 2014 at 12:40 PM · Report this
@13 that is the goal of the republican party and the 1 percenters, to limit as much as possible access to voting to old, affluent white people. It is the only way republicans will be able to remain in power. So, we have laws preventing felons from voting (and surprise! look how effective the war on drugs has been at turning minorities into felons, with many of the convictions based on fraudulent behavior by corrupt police or for minor pot possession), voter rolls getting purged, 'valid' ID requirements, voter intimidation, allocation of only a few voting machines to densely populated minority neighborhoods (resulting in hours-long lines to vote), curtailed early voting access... it all adds up. Happily Washington state is for the most part free of this nonsense, but much of the country is not.
Posted by screed on February 14, 2014 at 12:50 PM · Report this

How about: The more paper dollars you hold on to,the more each of us has to work to fight with our lives and our children's lives to protect those dollars and make them worth something.

The alternative is we print a brand new currency tomorrow, and everyone starts with zero.

How'd ya like us now?
Posted by Supreme Ruler Of The Universe http://_ on February 14, 2014 at 1:08 PM · Report this
I wonder when we'll see the story about how this Perkins guy secretly hasn't paid taxes in 20 years?
Posted by podcaf on February 14, 2014 at 1:10 PM · Report this
treacle 23
Wow, I'm kinda a glad someone finally came out and said it. Now he can be roundly mocked for the fool he is!
Posted by treacle on February 14, 2014 at 1:16 PM · Report this
Steven Bradford 24
This makes the political system outlined in Starship Troopers (the novel) sound like a great idea in comparison.
Posted by Steven Bradford on February 14, 2014 at 1:34 PM · Report this
@15 agreed. Since when do the rich pay taxes?
Posted by ishf on February 14, 2014 at 1:44 PM · Report this
Urgutha Forka 26
Does that include legal residents and other immigrants awaiting citizenship, who currently pay taxes and get no votes at all?
Posted by Urgutha Forka on February 14, 2014 at 2:00 PM · Report this
This guy is the same guy that compared the "attacks" on the rich to a wave of Nazi attacks on Jews ahead of the Holocaust. Asked offstage if the proposal was serious, Perkins said: "I intended to be outrageous, and it was." He's a troll trolling the media. Don't waste a second of energy on this Douchenoggin.
Posted by MarkusTaylor on February 14, 2014 at 2:26 PM · Report this
Frank Blethen's vodka distiller 29
Perkins is 82 years old. Looks like senility is starting to set in.
Posted by Frank Blethen's vodka distiller on February 14, 2014 at 6:02 PM · Report this
The real outrage here is CNN giving this motherfucker a platform. That's the capitalist corporate media defining the spectrum of the debate for us...
Posted by Upchuck on February 14, 2014 at 9:51 PM · Report this
sheiler 31
Ireland used to allow an extra vote to business owners. Wasn't all that long ago either when they stopped. The corporations are people too is a meme that wasn't borne with Mitt Romney.
Posted by sheiler on February 15, 2014 at 5:25 AM · Report this
badstone 32
that's how the Romans did it.
Posted by badstone on February 15, 2014 at 8:27 AM · Report this
@10 is correct. Thanks to Citizens United this is pretty much already the case.
Posted by chi_type on February 15, 2014 at 8:44 AM · Report this
Money doesn't count anymore. Sure it will buy you a few votes from ignorant republicans who want favors but for any sane politician to solicit votes or favors from any republican in 2016 will be self destructing. The republicans are walking a tightrope in this election cycle because of their poor record of supporting the sitting President. boner and his republican butt buddies have given up trying to get rid of Obamacare, why? Because it's working for the American people. All that time and money spent trying to undo the Affordable Health Care Act is falling apart. The American people should back charge the republican dunderheads for every minute they spent trying to repeal the bill. Instead of taking care of business for the American people the republicans spent their time (on our dollar) challenging the President on every bill or issue that came up. That's not what we pay these idiots to do.
Posted by longwayhome on February 16, 2014 at 7:36 PM · Report this
chinaski 35
Wake up fuckers, this is already the case! (already pointed out by 10 & 33, but how can you not realize it!!)
Posted by chinaski on February 17, 2014 at 12:12 PM · Report this

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