Am I just deceived? I think I might love him?
There is no such thing as a good billionaire. There are billionaires who might be temporarily aligned with you but make no mistake, none of them will love you back…
Looking at you, Mark Cuban
Love your wallet though
This is really simple. If you have more than a 1000 million dollars. Every day you decide to keep it instead of saving lives and helping people. It will never be moral
Valve makes tonnes of money from loot boxes or whatever they’re called. Basically a form of gambling.
It also just so happens that a great way of making a shit load of money is making it super easy for people to buy from you. Valves big competitive advantage is just… not fucking that up. A surprising number of companies fuck that up.
And as someone else said, Gabe doesn’t have to be a billionaire. He could use his phenomenal wealth to build hospitals and help the poor, rather than building his own little private navy.
Valve is doing a lot that will make people like them, but they’re still a huge corporation, and Gabe is still a billionaire.
He has 6 yachts from kiddie gambling…
Which gambling websites does Valve run?
CS2, for one
How can I gamble real money in CS2 and withdraw my winnings?
I think the commenter is talking about the steam marketplace featuring a lot of CS assets which people do buy and sell for real money.
What I’m talking about is that there isn’t a way to “withdraw” your money like the illegal sites let you. So no, there isn’t a way to gamble through Steam.
In fact, Steam does what they have the power to do in reporting those sites and getting them taken down.
Oh sorry, I always thought there was a way to withdraw money from your steam wallet to your bank account.
I haven’t used steam in a few years though, and haven’t interacted with the marketplace in longer than that, so wouldn’t really know!
There are third party sites where you can sell skins for money.
We shouldn’t eat them. I don’t want prion disease.
ABAB. All billionaires are bad.
I’m not eating Elon Musk. That’s like dumpster diving behind a cracker barrel.
The fattest pigs make the crispiest bacon.
Offer him the option to transition Valve to a workers cooperative. Boom, he would no longer be a billionaire.
He has that option every day.
In ten years people will talking about the GabeCube killing PC modularity like they always saw it coming
In my opinion if anyone has billions of dollars and hasn’t given a majority of it away to charity or those in need, that person is on some level at least somewhat an evil person.
Sure, much of it would be tied up in stocks and stuff that legally can’t be sold for specific purposes or timeframes, but if you have net worth in the billions and any stocks that could be sold for cash and then donated it should be. Or if you have an annual income that’s much more than you need to live an extremely comfortable life and then you just spend and invest the excess instead of donate.
Securities tax, payable in shares of the security. 1% of all stocks, bonds, and other financial instruments transferred to the IRS annually, to be auctioned slowly over time. The first $10 million held by a natural person may be exempted from this requirement. No exemptions for artificial “persons”.
Gabe and Swift are not obligate billionaires. They both have the capacity to adjust their wealth to avoid the cutoff.
A billionaire who gives away 99% of their wealth to the poorest, first and exclusively, isn’t a billionaire, and still has enough money (maybe more!) for the rest of time.
Not off you have a fleet of yachts
I’ll let the normies keep swift if we can keep gabe
They are both part of the problem.
Why eat them? You better turn them to compost, so they can actually help something grow.
“Billionaire” is a convenient modern buzzword. It used to be “millionaire”. The classic joke from Austin Powers where Dr. Evil demands money is a good example. It’s just inflation.
Plus, a lot of “billionaires” are only considers such because they own shares in their corporations. It’s a “theoretically if they could find a way to sell all of those shares at the current price without tanking the market value of those shares in the process, they could get $X billion from that”.
If there were a theoretical global revolution, on of the the first steps of eating the rich is to seize and nationalize those businesses. Later, land reform will seize the extra mansions they own. They will still be left with adequate personal property to live quite comfortably. Finally, the justice system will need to evaluate what labor laws (or other laws) they may have been violating for years and using their wealth to get away with.
Start with the biggest fish and watch as the rest start to downsize voluntarily and cut deals to avoid jail.
I don’t expect to see any of this in my lifetime. Not in any major country, and certainly not globally.
Valve in particular in a private company, so if Gabe own billions in shares, it’s not Valve shares
In order to be incorporated, a company has to have stock. Private companies still have shares even if they aren’t traded on public exchanges.
It’s possible that Gabe owns 100% of Valve’s stock, but it’s also possible that he’s sold some to other people or entities. Originally when Valve was founded, it was a split between Gabe and Mike Harrington, but Harrington reportedly sold his shares to Gabe when he left.
It’s also very likely that Gabe owns shares in other corporations, even just as personal retirement investments. But that’s not what I was talking about.
ah alright, thanks for the explainer
