Louve00 -> RE: The consequence of choice (11/8/2012 11:11:08 AM)
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ORIGINAL: Yachtie LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election. “David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.” “I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.” Right or wrong, as a business owner he too has to make choices. He too shall reap the consequences. His is not a unique story. There are those who think the economy is turning around, that progress is being made. One person even said yesterday that the only reason the economy is down is because of government shrinkage. Not true. There's a hard lesson on its way. I have to agree with igor on this one. If that business owner was able to do with 22 less employees today, than his business was over-employed and that's just bad business. If he actually needed those 22 workers he had to let go, then his business is going to take a hit, too. So that business owner is doomed, eventually. If it comes to that, then he couldn't afford to run the business at all. People keep squawking about businesses not being able to afford to insure their employees. Either spend the money to insure them to avoid the tax penalty for not doing so. Or spend the money on the tax penalty for not insuring them. It comes down to another choice, since you're talking about choices. Just like people squawking about having to pay a tax for not insuring themselves. Either they pay for insurance or use the money to not pay for insurance by paying a penalty (tax) when tax time rolls around (or getting a tax credit for paying for insurance....again, it's another choice.) I've always believed if a business can't afford to comply with all the laws and expectations to carry on a good, legitimate, employable business, it has no business being a business. As far as personable insurance here's a link that helps those who don't understand it (hopefully) a little bit more. Health Care Reform Life sucks, doesn't it? [8|]
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