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The Forum > Article Comments > Billionaires: the good, the bad and the mean > Comments

Billionaires: the good, the bad and the mean : Comments

By Lyn Bender, published 4/6/2013

So should we expect and accept the flaws of this new version of the modern hero: the benign imperfect billionaire?

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If some Manager or CEO manages for a company to make the sort of profit without ripping their customers off then I have no problem if they get the huge Dollars. I do however have a problem with those Airline , Bank & Telecommunication CEO's who fail to provide a reasonable service yet they still get paid huge money.
Branson, Forbes & Gates are simply different as are those Arabs with access to more money than sense.
The most integrity devoid & corrupt are in the Public Service.
Posted by individual, Wednesday, 5 June 2013 6:44:36 PM
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individual - Branson, Forbes & Gates are simply different as are those Arabs with access to more money than sense.

DEFINITELY. Branson is the only one of those I've ever come within cooee of and then only at a distance, however I don't think anyone would accuse him of ripping his customers off. He doesn't appear to make a big deal of money and certainly doesn't regard it as his God. I don't recall giving business to any other airline since Virgin got up here & I've never once had reason to complain about price or service. Big Clive isn't quite in the same league as Branson but he's got much the same attitude & personality. I know a few other mega-rich types who are decent people who don't rip off their customers but they are mere tiddlers in terms of net worth by comparison. The people I regard as oxygen bandits are banksters / finance company CEOs, insurance company CEOs, electricity retail CEOs, (big) telco CEOs and of course that scumbag bogtrotter Qantas CEO. Sure the public service ones are bottom-feeders but I'm not aware of any getting away with tens of millions, still I'm open to information about any in that league.
Posted by praxidice, Wednesday, 5 June 2013 7:05:35 PM
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getting away with tens of millions,
praxidice,
when you add up the stuff-ups due to incompetence & their pays & benefits & generals cost to us they'll rival the mega rich on a combined basis AND that is with OUR money.
Posted by individual, Thursday, 6 June 2013 6:43:32 AM
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individual - when you add up the stuff-ups due to incompetence & their pays & benefits & generals cost to us they'll rival the mega rich on a combined basis AND that is with OUR money.

Yes that is very true. I was only thinking in terms of salaries, however as you have noted, there is far more to the story. If normal companies law applied, we'd have a whole new industry building 'big houses' to incarcarate them.

I'd dearly love to see an independent (ie most definitely not one prepared by bloodsucking parasites or their cronies) review of what has-been parasites cost us, not only politicians but also governors / governors generals. At the rate we are going, most of the GDP will soon be devoted to supporting those bottom-feeding slimeballs.
Posted by praxidice, Thursday, 6 June 2013 6:53:47 AM
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Entrepreneurs are essential to our economy and our society. We can argue about whether they should pay more or less tax, but taxing them to oblivion would be utterly counter-productive.

Australia does not seem to have the tradition of philanthropy on the part of the rich that has long been the case in the USA. I wonder if our emphasis on redistribition being a role of the state, not a duty on individuals, encourages a view that we should keep as much of our wealth as we can stop government from getting.
Posted by Rhian, Thursday, 6 June 2013 3:00:12 PM
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Praxidice, bottom-feeding slimeballs is a good start on our mission to make being rich an obscenity because for each millionaire there are hundreds of ripped-off poor people.

We have to change the current view of insatiable moneygrubbers as the cream of our society. They should be seen for what they are: anal retentive misers, insatiably greedy bloodsuckers, and soullessly avaricious poltroons.

The rich should be put in the stocks and pelted with garbage until they repent!
Posted by David G, Thursday, 6 June 2013 3:08:21 PM
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