Among the tragedies confronting wealthy people in the United States of America is their inability to have in the role of chief executive of the land someone with the intelligence, the determination and the ruthlessness as Vladimir Putin. This is a man who not only loves the wealthy, but has been determined to use his power in order to accumulate vast wealth. It was Putin who made an alliance with the infamous Oligarchs in order to rob blind the people of Russia. However, now that sanctions are impacting Russian industry, the men who possess billions are a bit upset. Wouldn’t you be angry when the value of their beloved ruble has declined at least 40%?
Russian billionaires have witnessed a decline in their wealth in the billions. But, what are their alternatives? Abandon Putin, and they risk having the story of how they become wealthy known to the people of Russia. Oh, a few like Michael Fridman have sold their shares of stock and headed for sunnier climes. But, the monster that you created is the monster who you must protect. At least here in America, the monsters of wealth have Congress to protect their wealth. Heck, those damn Democrats want to raise taxes at least 2%. The beginning of the end of wealthy Americans!