Service is not going to be what it was at restaurants due to low staffing, says Tilman Fertitta 

Of course, you can always cook at home, which he seems to be saying we might rather choose to do.

thats one part of the cost there is also rent, wages, energy and taxes

Somehow I doubt he is paying $50/lb for steak wholesale...$25 meat cost for a 8-10 oz steak?

It more sounds like rent for the restaurant property is about half the bill.

You know absolutely nothing about business. The steak cost that much, that doesn’t account for all the other costs which require them to sell the steak for $65. Their all in costs for that $65 steak for the consumer is probably $50-$60 for the business. Restaurant margins are known for being very low for food, they only have high margins on alcoholic beverages