Thomas Perkins is an 82-year-old venture capitalist worth an estimated $8 billion. He doesn’t like democracy. Unfortunately for us, people like him hold the balance of power in today’s America.
Asked for an idea that could “change the world” by FORTUNE’s Adam Lashinsky, Perkins told an audience at the Commonwealth Club in San Francisco on Thursday that Americans shouldn’t be able to vote unless they pay taxes and that the wealthy should have more votes.
Perkins has houses in Belvedere, Marin County, California, and spends about two months a year at Plumpton Place, his Elizabethan mansion in East Sussex, England, which once belonged to the Led Zeppelin guitarist Jimmy Page. In 2010 he purchased the penthouse atop the Millennium Tower on Mission Street in San Francisco’s financial district.
You may remember this guy from his WSJ letter to the editor that compared what he called the “progressive war on the American one percent” to the Nazi death camps under Adolf Hitler.
When I say that capitalism is antithetical to democracy, or that the 1 Percent are trying to parlay their plutonomy into a plutocracy, this is an example of what I mean.