this post was submitted on 21 Dec 2025
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I'm a bit torn on the topic of entertainer billionaires and millionaires. Is it our opinion that they should just retire as soon as they hit 2 or 3 million, and end all contracts with royalties? It's not really their fault, at that point, that they keep making money.
Likewise with people who bought stock shares before a big merger or bought crypto a decade ago which made their wealth more than decuple in value. They certainly didn't start at the same low as the majority of people, but that's also not really their fault.
Let's say that there can be some, that it's possible to be, a good billionaire but let's all agree we should be taxing the fuck out of them.
They don’t become billionaires off of royalties. Taylor Swift is selling tickets to her shows for hundreds or thousands of dollars. She could be paying her staff more, and charging her customers less, but she chooses not to, because she is greedy.
Ticketmaster actually takes the most from sales to her shows, but yes she specifically could be making better use of her money, such as not renting a super-yacht and not flying everywhere on a private plane.
She made bank off her tour, don’t speak as if Ticketmaster took all the money and she made nothing. Her “company” took in about 2 billion in revenue from the last tour and after expenses she made out with like 700 million in profit because she, like all shitty billionaires, extracts wealth from workers. I’m sure the roadies, people selling merch, tour musicians, etc are just doing great and definitely all have health insurance and aren’t being exploited because they work for Taylor and isn’t that so quirky and fun. She gave the musicians bonuses! That’s much better than a livable wage for everyone with benefits and definitely not a pr move slash a gift for the peons Taylor actually has facetime with and developed some empathy for.
Also Ticketmaster takes a smaller cut from people like her. Don’t get me wrong, they still take a monster cut and that’s part of why your concert tickets are stupid expensive now as you say, but part of the unfair advantage she has is the resources to negotiate far better terms than say, band z getting off the ground. Both she and Ticketmaster knows she will 100% sell out every single ticket of the entire tour in seconds and she and her team leverage this for a more advantageous contract. The capitalist calls this shrewd, everyone else calls this an unfair advantage that makes the already rich and famous even more rich and famous.