815
New York real estate titan likens the phrase ‘tax the rich’ to racial slurs
(www.theguardian.com)
this post was submitted on 06 May 2026
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Mildly Infuriating
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I hear what you're saying, but counterpoint:
I'd prefer Steam's helpdesk staff were paid more, and their janitors, and their contractors, and anyone else involved in making that business work. Gabe doesn't NEED a new yacht. Some of the people working for him do NEED healthcare.
Gabe is definitely on the not-a-monster side of the billionaire spectrum, but you don't get that much money with purely your output. You get lucky and have a good idea at the right time, inherit, or rent-seek. Two of those are stupid reasons to have immense wealth, and I don't think getting lucky is worth the vast gulf between billionaire and struggling-to-get-by.
I think if we could have a wealth cap... say 10 billion right now, an absurd sum, where it's almost impossible to even spend it all... and after you pass that amount you get fed to a wood chipper; then we would see a lot fewer billionaires and a better world.