CEO Bud Konheim tells 99%: Stop moaning you're better off than the Chinese
Nicole Miller CEO says poverty in America is wealth in the rest of the world
Bud Konheim, chief executive and co-founder of luxury retailer Nicole Miller, has urged Americans to stop moaning about income inequality because they are better off than the Chinese.
"We've got a country that the poverty level is wealth in 99 per cent of the rest of the world," he told CNBC. "So we're talking about woe is me, woe is us, woe is this.
"The guy that's making, oh my God, $35,000 a year...Why don't we try that out in India or some country we can't even name....China, anyplace, that guy is wealthy."
Presenter Joe Kernen thanked him for his remarks, which some branded as insensitive and arrogant, saying: "Our 99 per cent are the 1 per cent in the rest of the world. I agree, thank you".
His comments come after billionaire Tom Perkins sparked outrage after comparing the scrutiny on super-rich Americans to the persecution of Jews in Nazi Germany.
In a letter to The Wall Street Journal titled "Progressive Kristallnacht Coming?", Perkins said: "I would call attention to the parallels of fascist Nazi Germany to its war on its one percent, namely its Jews, to the progressive war on the American one percent, namely the rich."
Kristallnacht, also known as the Night of Broken Glass, refers to a series of coordinated raids against Jews throughout Nazi Germany in November 1938, which saw hundreds of Jewish-owned businesses and synagogues destroyed. At least 91 Jews were killed in the attacks, and 30,000 were arrested.
The co-founder of Kleiner Perkins Caulfield & Byers apologised for using the word 'kristallnacht' but defended the overall message of the letter, arguing that the richest one per cent of Americans are "demonised" just like Jews were under the Third Reich for their wealth.
Watch Konheim in the video below:
- 1 Tunisia hotel attack: Locals form 'human shield' to protect hotel from gunman Seifeddine Rezgui
- 2 Optical illusion turns blue demon into brunette
- 3 German ethics council calls for incest between siblings to be legalised by Government
- 4 Saudi Prince Alwaleed bin Talal to donate entire $32bn fortune to charity
- 5 Mystery sea creature - with 'fur' and 'a beak' - washes up on remote Russian beach, baffling scientists
The map showing the most dangerous tourist destinations in Europe, according to the Foreign Office
Jennifer Garner and Ben Affleck divorce: Memorable quotes from one of Hollywood's most scrutinised couples
German ethics council calls for incest between siblings to be legalised by Government
Saudi Prince Alwaleed bin Talal to donate entire $32bn fortune to charity
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
The moment a Queen's Guard soldier lost it and drew his gun at annoying tourist
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Greece crisis: The wider lesson is that it’s time to abandon this failed experiment in currencies
'I wish the BBC would stop calling it Islamic State' – David Cameron unleashes frustration at broadcaster
They are neither a 'state' nor 'Islamic': Why we shouldn't call them Isis, Isil or IS
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
iJobs Money & Business
£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...
£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....
£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...
£22500 - £27000 per annum + OTE £45K: SThree: Since our inception in 1986, STh...