Quote:
Originally Posted by Ponderosa
The oligarch label is being placed on numerous Russian rich men who own banks, oil companies, real estate empires, football clubs and so on. The word seems to be used in a negative connotation. They are basically billionaires who made tons of money on the back of underpaid workers who do not share in the bounty they enjoy and rig the economy and the government to their advantage.
Yet in the US, and I am sure other nations, we have Bezos, Musk, Gates, and Buffet to name a few who do exactly the same. We call them "billionaires" and treat them like celebrities watching their space junkets, cheering the sports teams they own, plastering their faces and following their lives on the pages of our publications. Are they any better than the Russian "oligarchs"? Should we not view them in the same light? Isn't the US just an oligarchy that won't admit it?
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Your entire post is based on the premise that billionaires make "money on the backs of underpaid workers". Do you have even a single shred of evidence to support that claim? Who gets to determine what "underpaid" is? Let me help: a well run business pays people precisely what it takes to maintain a workforce sufficient to keep the business viable - and not one penny more. When a business can no longer attract enough employees to remain viable, there's a good chance that employees are being underpaid. Until then, employees are being paid appropriately. Amazon (Bezos), Tesla (Musk), Microsoft (Gates), and Berkshire Hathaway (Buffet) all have work forces sufficient to keep the company viable. As such, employees are being paid appropriately.
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