base talk Is it okay to earn a billion dollars from being a musician and doing a world tour?

[FolkLover1989]

2 minutes ago, BrokenMachine said:

How it 'creates' money for many other people if the entertainer keeps that $1B ?

In Taylor example itself

 

Many truck drivers recieved $100k as bonus , this is way more than avg income of Truck driver and what they can save in even 10 yrs

[Redstreak]

7 minutes ago, Badgalbriel said:

but her work IS more important than others. what sort of question is this?

Also it took her 17 years to get here 💀

[Diet Pepsi]

You can’t control the demand you have so yes  

[Parallel]

It’s one of the least exploitative ways to become a billionaire imo and she created a lot of jobs through tour production and tourism

Edited December 13, 2023 by Parallel

[ttsmu]

So by Swifties logic, anyone who doesnt have a billion dollar in their bank account is because they havent work harder than Taylor and their work is less important than hers. Ok.

[Chartman]

So what would be ok than? If not a billion, is $500 Million okay or still considered wealth hoarding? Or $100 Million?

 

There are power ball winners who contribute nothing than buying a ticket or people who inherit the family billions, should we also consider them to better not exist?

[Devin]

i mean she earned it. 

 

does the $$$ match the talent displayed on the tour is a different convo.

[BrokenMachine]

Ethically, it's not ok to accumulate that much of wealth while there's so much inequality and the amount of people falling into poverty just keeps getting bigger. But that's more to do with the system itself and not that musician. In the current system the rich ones are 'bound' to get richer and the poor are bound to get more poor.

[NEX]

She doesn't have a billion dollars in her bank account. Almost half of that estimate comes from the assumed value of her new masters with Republic records. Do you expect her to sell her catalogue after she made so much fuss about owning it? 

[PoisonedIvy]

1 minute ago, ttsmu said:

So by Swifties logic, anyone who doesnt have a billion dollar in their bank account is because they havent work harder than Taylor and their work is less important than hers. Ok.

You have a severe comprehension defect.

[wastedpotential]

There are certainly arguments to be made about wealth hoarding and redistribution, but I don't think they hold up especially well for Taylor's case. Considering that Taylor is about to be hit with the mother of all income tax bills, I'm pretty sure she'll be redistributing at least $200M from her touring/streaming/sales take-home to the American Government. Aside from that, a significant amount of her billion (at least 150M in property, 200M in her writer/performer's stake of her BMLG catalogue, and 500M in her Republic catalogue) is held up in theoretical asset values that she probably won't divest herself of for many years, if ever (and as a property owner in New York and California, she's paying a pretty penny in annual property taxes as well). Taylor's billion dollars is very different from Jeff Bezos's money made on the back of minimum wage workers working grueling shifts or the source of Elon's wealth in apartheid emerald mines. 

Edited December 13, 2023 by wastedpotential

[Gorjesspazze9]

She made a billion off of building an enterprise. Work Smart, not hard. 

[getBusy]

There’s nothing wrong with making money and being a billionaire. 
 

But billionaires should be HEAVILY TAXED. 

[PrettyHurts]

No, Taylor must serve jail time.

[Album Leak]

Yeah I don't like this '' hard work '' rhetoric. Some people are working hard several jobs around the clock, barely seeing their families, barely having time for any relaxation or hobbies, being put to their absolute limit to survive. 

 

Taylor Swift could put a lot less effort into everything she does and do the bare minimum and she would still get the kind of money others could only dream of.

[Badgalbriel]

6 minutes ago, ttsmu said:

So by Swifties logic, anyone who doesnt have a billion dollar in their bank account is because they havent work harder than Taylor and their work is less important than hers. Ok.

you need to learn how to read. damn....

[By the Water]

7 minutes ago, ttsmu said:

So by Swifties logic, anyone who doesnt have a billion dollar in their bank account is because they havent work harder than Taylor and their work is less important than hers. Ok.

You got it. You better work, *****

[Badgalbriel]

6 minutes ago, Devin said:

i mean she earned it. 

 

does the $$$ match the talent displayed on the tour is a different convo.

damn, the hive is always quick to throw shade, uh? Yes, the money matches the talent displayed on the tour. If people didn't want to see it, they would not be there.

[PrettyHurts]

6 minutes ago, wastedpotential said:

There are certainly arguments to be made about wealth hoarding and redistribution, but I don't think they hold up especially well for Taylor's case. Considering that Taylor is about to be hit with the mother of all income tax bills, I'm pretty sure she'll be redistributing at least $200M from her touring/streaming/sales take-home to the American Government. Aside from that, a significant amount of her billion (at least 150M in property, 200M in her writer/performer's stake of her BMLG catalogue, and 500M in her Republic catalogue) is held up in theoretical asset values that she probably won't divest herself of for many years, if ever (and as a property owner in New York and California, she's paying a pretty penny in annual property taxes as well). Taylor's billion dollars is very different from Jeff Bezos's money made on the back of minimum wage workers working grueling shifts or the source of Elon's wealth in apartheid emerald mines. 

The tour is grossing 2b+. She's still going to take home hundreds of millions of dollars, plus what she already had before the tour. trying to downplay with taxes etc is just pointless. she is still making bucketloads of cash, probbably more than any artist ever in music

[Badgalbriel]

1 minute ago, PrettyHurts said:

she is still making bucketloads of cash, probbably more than any artist ever in music

ugh, queen

[Bloo]

In theory, yes, it's "fine" in the sense that I don't have a normative judgment of Taylor as a person because she's so successful.

 

However, the real problem is that nobody should be able to hoard that amount of wealth. There is no defense of a society where a select few can accumulate so much wealth to reach the billionaire status while there are people in the same country that cannot afford food and water. There is no defense of that. Taylor isn't the bad guy because she didn't invent the tax codes. However, the system as a whole should actively prevent people from accumulating (and hoarding) that much wealth.

[Park Jinyoung]

No it’s not okay.

 

She should give it to me.

[Devin]

6 minutes ago, Badgalbriel said:

damn, the hive is always quick to throw shade, uh? Yes, the money matches the talent displayed on the tour. If people didn't want to see it, they would not be there.

 

i just said she earned it. 

[vuelve88]

I’m proud of Taylor I feel as happy as when Shakira’s Zootopia grossed $1 Billion. 

[Mitsouko]

No