His ego woulda said "f" the luxury tax....he would whipped out his bankroll and driven evry other team to the basement. I'm with Nrew in some regards, and in others, he was the king of owners in all sports who gave us real thrills as Yankee fans. Hal, Hank, TAKE NOTICE damnit.
Steinbrenner's passion for the Yanks was undeniable. He backed that up with his wallet but his baseball acumen was just like his people skills...lacking at best.
I had a couple of service calls at the stadium in the mid 80's. All you heard from the employees was George sucked. The impression I got was that they loved the job but hated working for an overbearing Boss.