So, when billionaire CEOs threaten to fire their employees if President Obama gets elected,
do we finally get to call it class warfare?
David Siegel is the founder and CEO of Westgate Resorts, a huge national timeshare company and one of the
largest resort developers in the world. In 2007 he was a
billionaire, although he may be only a hundred-millionaire now. He and his wife Jackie were the subjects of the recent documentary "
The Queen of Versailles,"
about their ongoing quest to build the largest house in America, a
90,000 square foot monument to excess. And yesterday, David Siegel sent
an email to all of his thousands of employees, in which he—in a veiled
way—
insinuated that they would be fired of Barack Obama is reelected.
Here's the letter in part:
So where am I going with all this? It's quite simple. 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.
Rather than grow this company I will be forced to cut back. This means
fewer jobs, less benefits and certainly less opportunity for everyone.
So,
when you make your decision to vote, ask yourself, which candidate
understands the economics of business ownership and who doesn't? Whose policies will endanger your job?
Answer those questions and you should know who might be the one capable
of protecting and saving your job. While the media wants to tell you to
believe the "1 percenters" are bad, I'm telling you they are not. They
create most of the jobs. If you lose your job, it won't be at the hands
of the "1%"; it will be at the hands of a political hurricane that swept
through this country.
You see, I can no longer support a system
that penalizes the productive and gives to the unproductive. My
motivation to work and to provide jobs will be destroyed, and with it,
so will your opportunities. If that happens, you can find me in
the Caribbean sitting on the beach, under a palm tree, retired, and with
no employees to worry about.
And yes, Siegel has
confirmed the e-mail.
Shortly after we posted this letter, we found out, thanks to multiple readers, that it bore suspicious resemblances to a popular chain letter
that was circulated just before the 2008 elections. Well, we just got
off the phone with David Siegel, who told us the letter below is real,
and that it was sent out to all of his employees yesterday. "I did use
the letter that had circulated before as a guideline, but I changed it
[to fit my circumstances]," he told us. "It speaks the truth and it
gives [employees] something to think about when they go to the polls."
He also said that its threats of possible layoffs are real, based on his
assessment of the political and economic climate. He added that he
"hasn't had any negative feedback" on the letter.
So once again, Siegel is proud to say that he freely admits threatening his employees' jobs if President Obama is re-elected, and the Democrats go through with their promise to raise taxes on the ultra-wealthy.
Boy, this guy's a real patriot, isn't he. "Give me my tax cut, or I help destroy the economy".
What are you going to do about it, America?