If a billionaire pays $1 million in taxes, they should get a million votes in the next election. That may sound like it goes against the principals of democracy, but it’s what venture capitalist Tom Perkins suggested in an interview on Thursday at San Francisco’s Commonwealth Club.
CNN Money reports, that Perkins was asked how he would change the world and he responded, "The Tom Perkins system is: You don't get the vote if you don't pay a dollar in taxes. But what I really think is it should be like a corporation. You pay a million dollars, you get a million votes. How's that?"
Equating the power of the vote with money is not democracy, but then who ever said billionaires really wanted democracy? Or even truly free-market capitalism for that matter. At every turn, corporate lobbyists seems to be pushing for laws that allow them to create monopolies.
It could be argued that the rich already play by their own set of rules. However, suggesting that the wealthy should have more votes than everyone else adds even more fuel to the class warfare debate.