Thursday, February 06, 2014


He defends capitalist pig Tom Perkins:
"I guess my feeling is that he’s right," Zell said when asked by Bloomberg's Betty Liu how he felt about Perkins' stance. "The 1 percent are being pummeled because it’s politically convenient to do so."

Zell then said the problem is that all non-rich are just jealous that they don't have the same work ethic that the country's wealthiest do.

"The problem is that the world and this country should not talk about envy of the 1 percent. It should talk about emulating the 1 percent," he said. "The 1 percent work harder. The 1 percent are much bigger factors in all forms of our society."
It's NOT envy or jealousy for most people who resent the 1%, it's the sweet deals they get from the American Capitalist System, like the tax break Zell used to get his billions:
Zell structured his business as a series of real estate investment trusts, or REITs, under the Equity umbrella. EOP was one REIT; Equity Residential Properties Trust was another. The REIT structure allowed Zell to radically reduce his corporate income taxes.

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