A forum for discussing and organizing recreational softball and baseball games and leagues in the greater Halifax area.
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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Solitary confinement or have Ol' Musky live like the underclass.
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Maybe he's planning to, or maybe he has, idk. We can only really evaluate him on what he does.
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Usually small, they have a trust company buy the yacht. As a company, it benefits from various tax optimizations and can be located in the mode optimal country. Then the company rents the yacht at cost to the rich person so that the company does not declare profits, the rich person does not declare the yacht in their personal belongings and they can deduce the rents from their declared fortune.
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I mean yachts seem to be his hobby, he has several. Idk, they can be kinda cool, but only in retirement and on vacations. Day to day, completely useless and cost a lot of money to maintain even when not used. And I don't think megayachts are as cool as smaller ones because part of the appeal to me is to get away from everyone. I wouldn't want 100 people on my yacht. Maybe 4-5 of my closest friends, but you can do that with a yacht costing two orders of magnitude less (and even that is if you want a passagemaker. Something that doesn't have to be able to cross the ocean can be had for well under a million I think) Supercars are fun IF you track them. Wouldn't want to drive one in traffic. Much prefer a luxury car for that if I was rich. Of course I think any rich person who owns supercars and hypercars, also has luxury cruisers to waft around in (or to be wafted around in). HOAs I'll never get. Fuck anyone who thinks they can impose rules on what I do with my own yard.
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I mean I guess this is better than 500 million sitting off shore bank accounts. A big part of the problem is rich people don't spend their money.> this is better than 500 million sitting off shore bank accounts You'd think so, but not really. In terms of pollution, a mega yacht pretty much makes a private jet look like a bicycle. He might as well just hand most of the money directly to a refinery in [Cancer Alley](https://en.wikipedia.org/wiki/Cancer_Alley). > A big part of the problem is rich people don't spend their money. True, but a bigger part of the problem is that when they DO spend it rather than pathologically hoarding it, it's often on things that are actively harmful. Such as corrupt politicians, AI nonsense, and mega yachts.
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That or you won’t outrage against your god Gabe. “ Elon, trump, bezos, sure fuck those guys, but I don’t have the energy to say fuck Gabe! “Nah, he's another rich guy. I don't play video games anymore, don't really care. Fuck gaben. But also rich guy continues to pursue his boat hobby just doesn't feel like news, and definitely not news that it's productive to be upset about. What do I get out of being angry at Gabe for buying another boat? Nothing, and being angry about seems to be making my life worse not better.
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> Whether the concept of billionaires is bad is irrelevant when deciding whether one specific billionaire is bad. Threre is no such thing as an ethical billionaire. An ethical billionaire doesn't remain a billionaire. If a suddenly recieved a billion dollars I'd be looking into the best way to donate most of it. I'm sure I could survive for the rest of my life just fine on $500 million dollars, and whatever causes I'm donating my money to know what they need and how to spend it better than I would by offering them a couple of rooms on my third yacht.> ethical billionaire A close example is [Warren Buffett](https://en.wikipedia.org/wiki/Warren_Buffett#Philantropy). He's about as ethical as they come IMO. He still lives in the same house he bought over 60 years ago, and he has given away a _ton_ of money: > As of June 2025, Buffett had donated over $60 billion to charitable causes. Hearing him talk about it, it's apparently really hard to give away that amount of money. He wants to give away something like 99% of his money, but he seems to really like his job and that takes priority for him. He has claimed his children are tasked w/ giving the rest away within 10 years of his passing, outside of the little he has marked for inheritance.
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> you get it by stealing wages and time from the workers below you That and turning kids into gambling addicts.Okay yeah as a non gamer I wasnt sure of the problem. I had heard he has great employee benefits and people generally love the product so I wasnt seeing the issue with the success but thisnis a major issue. Obviously he should be taxed more and all that jazz too.
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> ethical billionaire A close example is [Warren Buffett](https://en.wikipedia.org/wiki/Warren_Buffett#Philantropy). He's about as ethical as they come IMO. He still lives in the same house he bought over 60 years ago, and he has given away a _ton_ of money: > As of June 2025, Buffett had donated over $60 billion to charitable causes. Hearing him talk about it, it's apparently really hard to give away that amount of money. He wants to give away something like 99% of his money, but he seems to really like his job and that takes priority for him. He has claimed his children are tasked w/ giving the rest away within 10 years of his passing, outside of the little he has marked for inheritance.I was going to say that sounds great and we won't eat him. Then I opened the link and saw that he's giving his money to the Bill & Malinda Gates Foundation and is conditional on Bill and Milenda Gates still being alive and involved. Why do his charitable donations have to go to a different Billionaire?
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Better boats than politicians.
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This one is just the latest in [his collection,] looks like this is #7.(https://luxurylaunches.com/transport/gabe-newell-luxury-yachts.php)
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I never understood the appeal of anything rich people like. A yacht? An HOA? A supercar? These don’t appeal to me at all. If given them I would hate them. I mean it might be fun to buy a politician but otherwise it sounds boring.
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Dude, I thought you were cool. Owning a yacht is like the lamest thing you could possibly do! With the coolest things being feeding the hungry and housing the poor obviously.
