Billionaire: ‘The 1% Work Harder’

Billionaire investor Sam Zell said Wednesday on Bloomberg TV that Tom Perkins was basically right when he compared the super rich to Jews under Nazi Germany, though "persecution" isn't the right word. "The 1 percent are being pummeled because it's politically convenient to do so," Zell said. "The 1 percent work harder." The lack of class warfare and envy of the rich have separated America from the rest of the world, Zell said.