Intermountain Jewish News

Banner
Thursday,
Jul 31st

Don’t pity the billionaire

E-mail Print PDF

THE rich have never been richer and the poor keep getting poorer. The financial Masters of the Universe enjoy indefinite taxpayer-funded bailouts, while the social safety net for the poor is gutted.

The ruling class that engineers crushing economic inequality gathers at the World Economic Forum in Davos to pretend to care about said inequality, and then promises no concrete actions to combat the crisis.

Many high-income earners pay a lower effective tax rate than low-income earners, and IRS data show that in the last few years the rich have seen a steep decline in the share of taxes they pay.

And if you think there’s a problem with any of this, you’re a Nazi, at least according to the poor, put-upon oligarchs.

The latest fat cat to compare critiques of inequality to violent National Socialism is venture capitalist Tom Perkins — he of the $150 million yacht and the 5,500-square-foot San Francisco penthouse.

In a letter to the Wall Street Journal, this Silicon Valley billionaire last week bewailed supposed “parallels” between Nazi Germany’s “war on its ‘one percent,’ namely its Jews” and “the progressive war on the American one percent, namely the ‘rich.’”

Citing rising angst over inequality, he insisted: “This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendent ‘progressive’ radicalism unthinkable now?”

From this skewed perspective, the 85 people who now own as much wealth as 3.5 billion people aren’t the big winners. They are instead a persecuted diaspora being exterminated by Hitler.

IF that sounds absurd, that’s because it is. However, what was missed in much of the media outrage over Perkins’ letter is the fact that his sentiment isn’t new. In fact, it is altogether mundane.

Indeed, as predicted by Godwin’s Law, the phenomenon known as Reductio ad Hitlerum has become the aristocracy’s standard rejoinder to both critiques of economic inequality and policy proposals that might reduce such inequality.

Back in 2010, for instance, billionaire Stephen Schwarzman said this about a proposal to tax his private equity income at the same rate as everyone else’s income: “It’s a war. It’s like when Hitler invaded Poland in 1939.”

Likewise, supermarket mogul John Catsimatidis in 2012 said of tax increase proposals: “Hitler punished the Jews. We can’t have punishing the ‘2 percent group’ right now.”

Meanwhile, anti-tax activist Grover Norquist insists “the Nazis were for high marginal tax rates.”

You can find lots more of this Third Reich-flavored tripe by just Googling “Obama” and “Hitler.”

If you broaden out your search beyond National Socialism to include all forms of violent white supremacy, you’ll find even more, including AIG CEO Robert Benmosche declaring that anger over his bailed-out company’s bonuses was “just as bad” as lynchings of African Americans in the Jim Crow South.

And if you go one step further and look for all the claims that the rich are oppressed, you will find a seemingly endless supply of statements to that effect.

The point here — beyond simply deploring plutocrats for their gross insensitivity — is to understand all these outbursts not as anomalies, but as statements that are part of a larger narrative.

As author Thomas Frank says, that narrative is designed to make us “pity the billionaire.”

The objective of this sleight of hand should be obvious. Rather than permit any honest discussion about the serious problems that accompany rampant economic inequality, the winners of this economic system aim to manufacture story lines that depict themselves — not the poor — as victims on par with history’s most persecuted peoples.

It is, as Frank says, the great “hard-times swindle” of the modern era. Recognizing it as such is the first step toward a more rational conversation about fixing an obviously broken economy.

Copyright © 2014 by the Intermountain Jewish News

 

IJN e-Edition

This is only a taste! Get full access to the IJN via our e-Edition, only $14.04 for IJN Print subscribers.

E-Edition subscribers get access to a complete digital replica of the IJN, which includes all special sections.

Get the IJN's free newsletter!

Shabbat Times

JTA News

Elsewhere: Arabs for Israel, Abbas’ new role, Kabbalist guru’s fall

Miriam Moster JTA rounds up noteworthy items from around the Web. ... [Link]

Genesis Philanthropy Group names Ilia Salita as new CEO

Marcy Oster Ilia Salita is the new CEO of the Genesis Philanthropy Group, which awards the annual Genesis Prize. ... [Link]

Israeli man seriously injured in rocket strike

Marcy Oster An Israeli man was seriously injured when a rocket landed in Kiryat Gat, located halfway between Tel Aviv and Beersheba. ... [Link]

The images missing from the Gaza war

Uriel Heilman Why are Western media outlets omitting images of Hamas fighters in Gaza from their coverage of the war? ... [Link]

Israeli Arab reinstated at job after suspension over anti-IDF Facebook post

Marcy Oster An Arab nurse at an Israeli hospital suspended from his job for a Facebook post that calls the Israeli military “war criminals” was reinstated. ... [Link]

Does Nancy Pelosi believe Hamas is a humanitarian group?

Ron Kampeas The House minority leader is under attack from critics over a quote that has been taken out of context. ... [Link]

Police shoot Jewish woman at Western Wall

Marcy Oster A Jewish woman who police said was dressed in blankets was shot in the leg by an officer at the entrance to the Western Wall area. ... [Link]

JNF raises $4M for portable bomb shelters

Anthony Weiss Keren Kayemeth L’Israel-Jewish National Fund has raised $4 million worldwide to provide portable bomb shelters for Israeli communities near the border with Gaza. ... [Link]

Intermountain Jewish News • 1177 Grant Street • Denver, CO 80203 • 303 861 2234 • FAX 303 832 6942
email@ijn.com • larry@ijn.com • lori@ijn.com