What is it like to be a billionaire in the United States? According to billionaire venture capitalist Tom Perkins, wealth is a burden made “unbearable” by people of lesser incomes when they demand equality. That was the narrative published by the corporate news machine at the Wall Street Journal.
Taking time away from maintaining the world’s largest luxury yacht, Perkins compared progressive movements seeking social and economic justice to the horrific persecution of Jews by Nazi Germany. Sensible people were quick to denounce such ludicrous comparisons with the Holocaust.
But Perkins’s fellow oligarchs continue endorsing the narrative of a “hard-working” class of wealthy people “under siege” by a “lazy” class of poor people. According to billionaires like Sam Zell and Wilbur Ross, they are being targeted by poor people jealous of what they have and incapable of working as hard as they do.
These billionaire oligarchs offer a simple suggestion: stop whining, get educated, and work hard like they do. Never mind how they greatly exaggerate their work ethic, or how little education matters to employers paying wages lower than our grandparents’ wages.
Ignore the institutional advantages allowing the wealthy people to thrive following the 2007 Wall Street created economic collapse. Just follow the billionaires’ example and maybe you can enjoy celebrating extreme wealth and special privilege at everyone else’s expense.
These cries of “persecution” might be considered more thoroughly if they were not so woefully ignorant of reality. Oligarchs like Perkins are quick to label poor people as lazy, jealous “takers” feeding off their hard work, but the reality is oligarchs receive more government subsidies than food stamps and housing assistance combined.