63 points

It’s it odd how the media picks and chooses who to call out on making “too much” money.

She must be the wrong type of millionaire or something

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55 points
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She must be the wrong type of millionaire or something

She isn’t one at all, she’s a billionaire, and she’s definitely not a fucking victim.

If anything, it’s her fellow billionaires not getting enough shit, not her getting too much.

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-5 points
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She is a paper billionaire. She is worth all that money if she sells the rights to all her songs, which she just remade to reclaim her rights to those songs, so she isn’t interested in selling.

She might be worth a lot, but she doesn’t have thatmuch because autonomy is worth more to her than money.

She’s not hurting, that’s for sure, but she doesn’t have money like people say.

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28 points

Every billionaire is a paper billionaire. Like the others, she can borrow against the value of her assets.

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21 points

Even if she did have the cash, she’s an artist who makes things that people love. You don’t need her art to live like you do healthcare and food so as much as I hate billionaires, she’s not anywhere near the same level of bad

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-2 points

The boot being pink and glittery doesn’t make you any less of a bootlicker…

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3 points

Look at it realistically.

She’s not living a better life style than Frank Sinatra or Micheal Jackson did in their heyday.

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1 point

It’s not about how much money you have. It’s owner class vs working class. And even in the case of owner class, I would say that when the thing you own and make money from is yourself and your own image, that’s very different from owning the fruits of other people’s labour.

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49 points

From my quick look at the source, this headline is just plain wrong. They simply multiply concert attendance by ticket price and call that Swift’s earnings. I’m assuming that other people need to be paid from those sales- like, I dunno, the production team, the dancers, the suppliers of staging, the ticket distributor, the cleanup crew, the people who make the lunch for the crew, the people who supply the ingredients for the lunch, the people who co-ordinate the vehicles that deliver the ingredients, the website design team, the stadiums themselves…

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11 points
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Without weighing in on the subject of TS being a billionaire, it’s just a terribly written article. Essentially just repeats the same phrases over and over about a handful of different states.

Also, where the fuck did they get an average lifespan of 47.9 years???

> residents would still need to work a whopping 215 years, or 4.59 lifetimes…

215 / 4.59 = 47.98

My mistake. It didn’t click for me that the article is talking about working years, not lifespan. Still a shittily written article.

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11 points

Believe it or not, you don’t work your whole life. If you start working at 19 and work until retirement age(67) that’s 48 years

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3 points
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Damn, you’re right. I absolutely did not make that connection. Updated.

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6 points

It’s probably LLM (“AI”) generated. As we all are probably aware now, it’s anything but intelligent. It just says bullshit confidently. The average lifespan number probably comes from some third world countries wiki page or something, but it doesn’t understand context and just uses pattern matching to fill in the next expected word. It doesn’t know what the information came from or how to apply it to other information.

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4 points

Ticketmaster takes something like half straight off the top. Then there’s a separate venue owner much of the time, concessions, technical staff, security, medical, and finally Swift’s staff who build the stage and maintain her equipment, any other talent on stage and then, the last person to get paid is Taylor Swift.

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3 points

It does specifically say revenue of a single show. Which as far as I’m concerned would include all ticket sales even if the proceeds from those sales don’t entirely go to Taylor. Though I do agree the headline is a bit disingenuous. If I’m being generous I’d say they’re referring to Taylor Swift the money making apparatus and less so Taylor Swift the person.

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4 points

They repeatedly say “Taylor Swift earns”. If they were concerned at all about presenting information properly, they would say “gross income from a Taylor Swift concert”. It’s outrage clickbait, through and through. While I agree that Swift makes an outrageous amount of money, that outrage should be based on fact, not hyperbole.

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28 points

Also

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27 points

Here is my wild take: Making that much money by performing a concert is perfectly fine. Performing a concert is work. People who went there clearly consent to that.

In my opinion, this is different to making money by investing that is meaning making money by just owning stuff.

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7 points

Pretty sure she has financial managers to keep her earned money working for her by investing in stocks and bonds and such.

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6 points

Probably. And that is problematic. But it is a completely different criticism.

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5 points

Why is that problematic? Is it because you think that that is even possible is bad? Or that her investing her money is bad.

I’m genuinely curious.

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6 points

Right - this is not passive income. She’s just massively in-demand, and can only exist in one place at a time.

How much goes to everyone else at the venue would be a different conversation.

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19 points

The article doesn’t really specify, but it looks like they’re pretending she keeps all the money to herself. Weird comparison.

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9 points

I’ve heard she pays her people pretty well, but I’m not in that industry so idk.

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I’d say her being the only person able to get anything produced during the SAG-AFTRA strikes is why she’s being targeted. She proved that meeting their demands is still profitable.

https://fortune.com/2023/09/19/how-taylor-swift-made-eras-tour-movie-during-hollywood-strike/

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