What is an oligarchy? The warning Biden issued in his farewell, explained.

H

Hume

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Being rich doesn’t necessarily make you an oligarch. An oligarch is someone who influences politics outside the formal system, explained Brooke Harrington, who studies this at Dartmouth University.

“It’s someone who isn’t an elected representative or Cabinet member,” she said, “but who has the ear of the president.” She pointed to the late Sheldon Adelson, a billionaire casino tycoon and Republican megadonor who did work on U.S.-Israeli relations, as an example of an American oligarch.



 
Odd that Bungling Biden apparently needs a interpreter to explain the words someone else likely wrote. Maybe it was Brooke Hartington.
 
Diogenes said:
Odd that Bungling Biden apparently needs a interpreter to explain the words someone else likely wrote. Maybe it was Brooke Hartington.
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This is a Washington Post article. I have no idea what the fuck you're babbling about.
 
Hume said:
This is a Washington Post article. I have no idea what the fuck you're babbling about.
Click to expand...

That's odd.

Hume said:
Being rich doesn’t necessarily make you an oligarch. An oligarch is someone who influences politics outside the formal system, explained Brooke Harrington, who studies this at Dartmouth University.

“It’s someone who isn’t an elected representative or Cabinet member,” she said, “but who has the ear of the president.” She pointed to the late Sheldon Adelson, a billionaire casino tycoon and Republican megadonor who did work on U.S.-Israeli relations, as an example of an American oligarch.



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Say, didn't Bungling Biden become something of an oligarch himself?


The term "oligarch" typically refers to a person who is part of a small group controlling a country, its government, or its economy, often associated with wealth and influence in a way that might suggest control over political or economic systems.

Joe Biden has significant influence due to his long career in politics. His connections and network could be seen as a form of influence akin to that of an oligarch, where political power is leveraged for personal or collective gain.

Biden has significantly increased his personal wealth through book deals, speaking engagements, and other activities, which might suggest he's capitalizing on his political influence for financial gain, a trait sometimes associated with oligarchs.

Biden's net worth was notably low during his early years in the Senate. In 2009, his net worth was reported to be less than $30,000, and he was known for being one of the poorest members of Congress during his time as a senator.

During his time as Vice President from 2009 to 2017, Biden's net worth was estimated to have risen to about $2.5 million by the time he left office. This increase was largely attributed to his salary, the value of his Delaware home, and his federal pension.

After leaving the vice presidency, Biden and his wife Jill saw a significant increase in their net worth. They earned over $15 million in the first two years post-office through speaking engagements, book deals, and other activities. A multi-book deal was reportedly valued at $8 million, and they earned considerable sums from speaking fees. By 2021, his net worth was estimated at around $8 million, and it grew to approximately $10 million by 2023, largely due to his presidential salary, increasing real estate values, and investments.

Since becoming President, Biden's net worth has continued to grow, with estimates around $10 million by 2024-2025. .

The increase in Biden's net worth over his career in public service can be summarized as follows:
  • His wealth during his Senate years remained modest.
  • As Vice President, his net worth began to grow more noticeably.
  • During his presidency, his wealth continued to growy.

https://www.investopedia.com/joe-biden-net-worth-8655652
https://www.investopedia.com/joe-biden-net-worth-8655652
@Grok
 
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