Tag: David Siegel

Fair Or Foul?

Trolling the interwebs is like a bad car jacking, a circuitous route ensues, then you end up in the bad section of town with no idea how you got there. Afterwards all you can think of is a hot shower. I found this leftest rant about a CEO who sent all his employees a form email putting them on notice that if Obama is elected all their jobs are in jeopardy. I will link to it here just as a point of reference, but be warned, you will end up feeling dirty and will regret the wasting 2 minutes of your life. This guy literally hit a grand slam, getting racism, class warfare, trutherism, and a shot at religion (invoking the lazy “What would Jesus Do” then wishing for the guys murder, like Jesus would be all for that), all into one of the stupidest wastes of bandwidth I have ever read.

But I was intrigued, especially seeing his family (with all those kids he must be Mormon) decked out in opulence. I had to get to the bottom of this:

On Monday, [CEO David Siegel] sent an e-mail to all 7,000 employees of privately-held Westgate Resorts, many of them in the battleground state of Florida, warning them their jobs are at risk if the president is re-elected.

“The economy doesn’t currently pose a threat to your job. What does threaten your job however, is another 4 years of the same Presidential administration,” he said in the e-mail. …

“If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company,” he says in the nearly 1,400-word e-mail. “Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone.”

Although I don’t usually like union style thuggery of influencing votes, I had to admit, what he said was pretty accurate. And really, isn’t he being a good boss by keeping employees appraised of possible influences that events can goes? He isn’t telling his employees who to vote for, he couldn’t find out even if he wanted to so their protected right is safe, but I’m not getting what all the hub bub is about.

A head of a company in the business of making a profit, telling his employees that a hindrance to that profit will be higher taxation (although if Obama is to be taken at his word {cough,cough} he did say he wants to lower the corporate tax rate, but this still leaves all those Obamacare taxes, so never mind) thus taking more money out of the company to pay the higher rate, that this loss will most definitely affect future growth and it may even affect the sustainability of the company as is, meaning layoffs might occur. What is he saying that is wrong?

Even though some have posited that since there is no demand for goods and no one to purchase those goods, taxes don’t matter, high/low or in between, that the middle class has no demand for the goods or services. Of course this is nonsense, but the opinion is still out there.

This guy runs a chain of hotels/condos. I assume business is good since he has so many employees and he lives in a mansion. Obviously there exists a demand for what he offers and people are buying his services. Since he runs the company I can only assume he has a handle on what economic factors would enhance/grow his business, and what would do just the opposite.

I do think he has an obligation to enumerate the specific taxes and government encumbrances he is talking about, but providing an econ 101 lesson to his employees does not strike me as out of line, they are still free to heed or ignore the email.

But the whole trip was worth it just for all the discomfort it caused to the other side.