Steve Ballmer is set to make $1 billion a year for doing nothing | CNN Business

That's 100k for those in the back. Really puts this greed into perspective, there is absolutely no reason for any individual to be hoarding this much money. For many people that would literally be life changing

This is exactly why you do a progressive tax rate that charges a huge percent (50+) for every penny earned over 20 million.

They can still get these massive bonuses, but get would be better off putting that money into wages that aren’t taxed so much.

Anybody else think there should be a money limit? Like at a certain point you get a message: Congratulations, you completed capitalism. Now every additional cent you make is going to be taxed at 100%

One of the only public statements he was right about.

Save that $5 a day and put it in a mutual fund and in 10 years you'll make nothing because inflation will eat any growth you might have had

This is free money in the way that it's a return on his investment. This has nothing to do with the state other than they will collect tax revenue on this distribution annually.

This should be a motivational post to get people investing. heck of a retirement payout this guy's getting.

DECAPITATORS DECAPITATORS DECAPITATORS!

No no no just make him work on the linux kernel

YUH!

If you made $61k per day for a 45 year career, you would make ~$1bn.
So, that's like a decent yearly salary PER DAY, from the age of 20 to the age of 65.

If $61k per year can support someone for a year, that career would support 365 people for 45 years.
And that's just $1bn over a full career.

If you earned $1bn per year, that could support 16,425 per year on a $61k salary. Thats a town of people.

The CEO of Brave is a would-be Ballmer; he uses his wealth to fight against gay rights.

Stop protecting yourself and let us protect you.

Capitalism literally rewards and enforces narcissism, sociopathy, exploitation, greed, destruction, and violence.

Cool system guys.

Or, a bunch of people who are over the inequality in our world regardless of how the person comes by the money.

I don’t care if Microsoft pays him a salary or not, hoarding that much wealth is a mental illness that can only be cured by a guillotine

Billionaires don't want to work anymore.

Somebody should've just told Marx about the difference between salary and capital ownership!

So you're saying he'll be making a billion dollars a year for doing nothing?

And? Details are irrelevant. I still want him to choke and die.

Isn’t that the “doing nothing” part of the title?

Income is income, and billionaires already have too much of it. Not everyone enjoys taking it rough from corporate America.

The only people who should have stake in a company are those who work there.

The stock market is perverse.

It is supposed to be a tool that allows people to support promising ventures that they believe in, and allows them to profit from the venture if it is successful.

Instead it's a race to the bottom, where companies have a feduciary duty to their investors to make them as much profit as possible, a process ultimately known as enshittification.

Adam Smith was a smart guy, but he never saw Milton Friedman coming.

The guy was just Bill Gates' roommate. He's white privilege personified.

That speech was worth $100m/yr, max

He's the reason Linux is so dominant in the server space and has no signs of slowing down.

You gonna party like it's your payday

See this is the problem here. We have these insane examples of wealth that should really have been fixed with a 100% tax rate over something reasonable. But since we didn't do that we have the other extremes, calling for tearing down other streams of income or demanding you should work the rest of your life for a wage vs investments. Neither of these positions offer much value here. Really we should be pushing for voters to turn out and create a reasonable tax rate. Take WA for example and how they created a 7% tax on over 250k annual for capital gains. Could that be more? Maybe. Could it be a sliding scale up? Sadly no due to the state constitution atm. As an engineer there I might be in a position that pays that, which I'm OK with, but no way I could buy a house here or live comfortably without working if there's no investment income allowed. And I don't really want to spend the rest of my life working for shitty tech companies.

Yeah great job being the college roommate of a future monopolist, we all should have picked parents like his.

Actually that pretty much sounds like you didn't really do anything to get it and just profited off the Apple employees' hard work.

Labor keeps the world running. Labor makes the discoveries. Labor invents.

Capitalism just holds the resources hostage from labor, allowing access to ill gotten resources in exchange for almost everything they produce, rinse and repeat.

You swoon over con-men.

Which software was that again? Can you please elaborate on Steve Balmer's accomplishments.