Private equity mogul equates president's plan to raise taxes on the rich with the beginning of World War II

Steven Schwarzman is one of the richest men in America. The chairman and cofounder of the Blackstone Group, one of the largest private equity funds in the world, enjoys a net worth estimated at around $8 billion. It's fair to say that if key elements of the Obama tax agenda become reality, Schwarzman will be forking over a lot more money to the federal government.

Which naturally puts Schwarzman in the same position as a European country in the 1930s about to be overrun by panzer tanks.

According to Newsweek, Schwarzman saw fit to invoke the Third Reich while addressing board members of a non-profit in July.

"It's a war," Schwarzman said of the struggle with the administration over increasing taxes on private-equity firms."It's like when Hitler invaded Poland in 1939."