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Gabe Newell caps off Steam Machine week by taking delivery of a new $500 million superyacht with a submarine garage, on-board hospital and 15 gaming PCs
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Why specifically $5M and not say $1M? Building a house should apparently cost you half of that, and I assume the rest is for investing into passive income? I agree with the other guy, talk is cheap. I probably don't need a 4k TV or multiple consoles, but I immediately started planning and buying after a raise.I have three kids to support, and $1M would only produce about $30k/year in income if I use 3% withdrawal. I can't realistically use a higher withdrawal rate given how far I am from retirement. I probably only need $2-3M (current spending is $60k or so), but $5M gives me plenty of cushion and lets me donate generously to causes I believe in. At $2-3M, I need to be careful when the economy is bad, $5M means I'll never need to worry about money again.
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Gambling addictions have very high suicide ideation and suicide attempt rates. The exact numbers seem ti vary from study to study but I haven't found any with percentages below double digits. Gambling addictions are not uncommon either, with 1-3% of the general population being affected [Wikipedia]. Risk factors include starting young and online gambling by the way. Guess who encourages both? If I had to guess, thousands of people have committed suicide at least partially due to Valve. "Partially" because case gambling could've been the entry into other forms of gambling that cemented gambling addictions.
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I suppose we can be reassured that the Obscene Yacht industry is still going strong despite the cost of living crisis.
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What's with this obsession over Valve making profit? Should they never expand or develop new things? BTW tell your boss I want Unreal backI'd rather see the developers of the game profit before the storefront
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> The materials were also chosen with an eye on reducing maintenance and repetitive tasks for the yacht's staff, so traditional materials like teak decks and wooden handrails are out, and composite alternatives are in. The diesel-electric power plant works alongside a battery storage system that allows Leviathan to operate for long stretches with no emissions, and it also features an advanced wastewater treatment system. On the one hand, it's nice that mr Newell seems to be reducing the footprint of their luxury yacht above and beyond most of what I have heard happens in the rest of the luxury yacht industry. On the other hand, I shudder to think of what the footprint for the _manufacturing_ of this custom-designed, one-of-a-kind luxury yacht looked like. Not to mention 'composite' usually means some sort of plastic, so now there'll be one more thing spewing microplastics directly into the ocean...
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What is it with millionaires and yachts? I hate boats, even on a calm day in a lake which is only about 2 m deep I'm constantly convinced the damn thing is going to sink. Do people actually like being on boats, it's basically like being in a cramped apartment that is really inconvenient to get to and from, that constantly experiences a never-ending earthquake, why is that anyone's idea of a good time? Also I *really* hope somebody has tested that submarine extensively.It's the new fancy castles. \ The most you can get detached from the pleb. If you wanted a huge luxury castle you needed the resources of maybe hundreds of villages and a staff of hundreds just for regular upkeep (you had to make all the products needed locally, from cleaning supplies to masonry, etc). But building a home for 1bn that can run on a staff of 10 ppl is hitting the limit. With mega/superyachts (ie luxury ships) it's a more exclusive game, this dude didn't just spend half billon on an object (that took 2000 people 3 or 4 years to build), it will also cost him 50~100 million in yearly upkeep.
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The fact of having a dragon's hoard of money while people starve is what I am looking at. Oh, look at that, Gabe has a dragon's hoard of money and people are starving.GabeN is hardly rich enough to end poverty or even just hunger, and that's not the only important cause people could work on. I'd be happy if every billionaire picked some cause and donated to it, no need for society's input.
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The 'Steam is a pseudo monopoly' thread was NOT like this. It was a bunch of commenters simping for Valve and Gabe, even here on Lemmy. ...Which is why they can charge 30%, and Gabe has a few mega yachts.
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Elon Musk actively hinders his companies from succeeding. People need to stop glorifying his involvement in companies he paid to have his name on.
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That is purely comestics.
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I can think that Steam at least provides a ton of services and value for that 30% , while also being annoyed that governments don't tax people more.They should be *reigned in as a monopoly*. That’s how it’s fixed. Nothing drastic either, just stop Valve from (say) dictating prices outside their platform, and do the same for Amazon and Walmart while they’re at it.
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I don't think its necessarily how much he pays his employees. The larger issue is that the tax rate at the top isn't high enough.It's all of it. He takes too much for the services he offers. He gives too little to his employees. He isn't taxed enough for what remains. It makes sense that people can earn a few multiples over the median for working hard and maybe also for taking risks. It makes no sense that people can earn a million time as much as the median by not working hard and never facing actual risks.
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30% is too much! Clearly Steam doesn't need that much to operate (the percentage of each sale that go to Valve)Yeah, I want such giants (that are basically core infrastructure of a sector) to be regulated. \ Just whip up a law saying their margins can't be over 5% of a game's sale price (the reason is to boost smal devs & market competition). Worst case 10 ppl don't get richer. What, are they gonna quit the business bcs making only 100 million a year in net profit just isn't worth it & would rather go do manual labour in the mines instead? (Same logic as with taxes - if there was a 90% tax over 10 million ppl would still do the same things they do anyway, we were just taught to believe that someone earning 1bn per year would say *'no, it's not worth it for those 100m after taxes, I quit and now you can't buy my good overpriced phones anymore so you lose'*. It would never happen. The only difference would be in their wealth concentration, ie in their power over government/lobbies/public media.)
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But the money from that goes to professional players that participate in the tournament and to organizers who organize the event. How much money from battle pass goes to Fortnite/Battlefield/COD pro players?You didn’t say anything about where the money goes, you just said you can’t recall a Valve game with microtransactions or a battlepass. Dota has both. If we want to have a discussion about how they spend that money, then I agree, Valve does a much better job than EA or Blizzard or similar
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> would commission something similar to S/S Delphine, S/S Norrskär or / S/S Storskär, I love the classic lines of a late 1800s, early 1900s small ship. if you show up with one of these other billionares would think you got it from a ship breakyard
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They are anti-developer (though dev opinions differ), but most people aren't affected by the anti-consumer stuff. The only instances I know are censorship with niche visual novels and case gambling (and things like crashing CSGO economy sound like good things in that regard), unless there's more I don't know.
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> Should they never expand or develop new things? Oh I didn't realize they were developing $500M yachts donations...
