In a recent public interview, Tom Perkins made two extraordinary claims: First, only those who pay taxes should be able to vote. And second, there should be a correlation between the amount of taxes you pay and the number of votes you get. His comments were received with a combination of outrage and laughter. Outrage because they reject the essential American value of equality, and laughter because no one “in his or her right mind” would ever take it seriously. In this episode, Professor Dungey argues that what Perkins claims is actually taking place, and that it is built into the very logic of modern liberal political and economic theory. While we at DSU do not advocate Perkin’s views, we can identify their operation.