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371 points greggyb | 1 comments | | HN request time: 0.203s | source
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not_a_bot_4sho ◴[] No.41978402[source]
Funny story. I used to see Steve almost every weekday for a couple of years.

I can't speak to his business skills, but I can attest that he never once offered a tip for his daily black iced tea. We'd even have it ready for him before he showed up so he never had to wait! He would pay with cash, and I'd hand him his change and drink, and that was that.

It's funny to me now: one of the richest men in the world and he never once offered a tip.

Frugality aside, he was always very polite and warm so I can't be mad. Makes for a good ice breaker story.

Edit: holy moly, this is a sensitive subject. Please remember this was from a time before tipflation. Tipping meant you left your change behind once in a while only if you felt the desire to show appreciation. It wasn't an obligation. Yes, I still do think it's a funny story. Roast me for being entitled lol

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godelski ◴[] No.41978997[source]
Everyone, chill

Regardless of how you feel about tipping culture we're not talking about the average person nor are we talking about the average *experience*. The dude is worth north of $100bn, and is making nearly $10k per minute![0]. Someone who cannot spend his wealth. Someone who'd have to spend tens of millions of dollars every single day just to stop his wealth from growing. Someone who makes money faster than he can throw hundred dollar bills handfuls at a time.

We're not talking about anything normal here because no one here *literally* makes thousands of dollars in the time it takes to wipe their ass. You can become poor, he would need an act of god to do so.

We can have a conversation about tipping and how much everyone hates it, but to ignore the fact that we're talking about someone with this kind of money is... ludicrous[1]. Throwing down a hundred bucks means literally nothing to the man. It is not even what a penny is worth to most of you. He's not you and framing the discussion this way is obtuse. Rage on tipping, I don't give a fuck and I'll probably join you. He's not "sticking it to the man" or "standing up for his values" he *is*" the man. He's playing an important role in creating this machine you're raging against. I just don't understand any of you

  [0] 1e11*0.05/365/24/60
        |   |    |   |  |_ minute
        |   |    |   |____ hour
        |   |    |________ day
        |   |_____________ Conservative 5% yearly return
        |_________________ At least 25bn less than he is worth...

  [1] FWIW, I hate tipping too. Fuck the till based tips with the ever increasing percentages. I frequently click 0. But fuck it man, I'm a grad student. Still, if I'm a regular somewhere and they are giving me special service, I'm gonna throw a few dollars into the tip jar. Tipping culture or not they're going out of their way for me and I should show gratitude in some way (you can also do by other means)
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roenxi ◴[] No.41979531[source]
> Still, if I'm a regular somewhere and they are giving me special service, I'm gonna throw a few dollars into the tip jar.

There are some philosophical problems there. The business/servers can't renegotiate the menu like that - if they aren't getting paid for a service and the customer didn't ask for it then there is no reason they should get more money for it.

Also, an observation about how the economics of regulars work - if you are a regular the business is probably already making a lot of money off you. Someone who goes back even a single time earns them 2x as much as a one-time walk in. Being a regular is already a favour to a business even if all you do is order something cheap off the menu. In my experience, when a business identifies that I am a regular they try to make me pay less to keep me coming back.

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antaviana ◴[] No.41980237[source]
Actually, there is a restaurant where I go sometimes that when I pay cash instead of with a credit card, the owner gets so elated that rounds down the amount to pay in some 3-7%. The countertip I guess.
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ryandv ◴[] No.41980272[source]
Restaurants and bars especially in my city love tax evasion - that's why they are so enthusiastic about cash payments.
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1. jajko ◴[] No.41981227[source]
Yes thats normally the main drive, cash is usually just annoyance and additional risk to business.

I wouldnt be too harsh judging that business though, quite a few restaurants are barely cutting it so this may help them stay afloat. Its this or generally higher prices in restaurants.