Should polygamy be legal for men who are rich, successful and attractive?

CubsterShura
I recently read this post from a religious scholar who discussed polygamy. He said it is in women's biology to throw themselves over men who are rich and successful, this is why many of them are surrounded by yacht girls and what not and they would rather be side chicks to such men than be wives to poorer men. He did say that it doesn't necessarily make it the right thing to do but instead it is something subconsciously ingrained in women's psychology. He even went as far as suggesting that things from simple homewrecking behavior to prostitution can be decreased if more men were polygamous. Not only in the sense of many women not caring about monogamy but also because women in vulnerable and underprivileged positions would benefit from having a man provide for them even if the man in question has other another wife.

Ok this part isn't his words, but scientific studies have proven that women find men wearing wedding rings more attractive, and generally women are attracted to men that other women are also attracted to, this is called 'pre-selection'.

None of those are my words, but I'd like to know everyone's thoughts on this. Don't just answer saying 'this is ridiculous' or 'this is stupid'. Please explain your reasoning with logic.

I've personally never been against polygamy, I don't want a polygamous marriage for myself but it works for some other people so I don't judge. I don't know what to think about the scholar's reasoning though. Whatever rocks people's boats, I guess. Many men in Arab high society do have multiple wives, but I suppose the marriages are mostly political and the women are not necessarily flocking over these men by themselves.
Should polygamy be legal for men who are rich, successful and attractive?
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