A recent story on CNBC and picked up by Yahoo News about David Siegel, C.E.O. of Westgate Resorts, deserves a comment. The man wrote to his employees and told them that if Obama is reelected he may have to downsize and they might lose their jobs. He insists that this is not extortion, but let me quote him directly as this is a key issue:
Siegel stressed that he wasn’t out to intimidate his workers into voting for Romney. “I can’t tell anyone to vote,” he said. But he wants to make sure his workers made an informed choice. “I want my employees to be educated on what could happen to their future if the wrong person is elected.”
In a word: this is not a threat, but if you vote for the “wrong person” you may need to find another job. The man has obviously never heard about the law of contradiction. He simply wants to “educate” his employees. And apparently his weakened reasoning ability is only exceeded by his hypocrisy. He warns against wasteful government spending and yet this is the man who built “Versailles,” reportedly the largest house in America, at a cost that sent him into a financial tailspin resulting in personal sacrifices he now brags about. As the article puts it, “[Siegel and his wife] became symbols of outsized spending, debt and real estate in America. But when the company started buckling under $1 billion in debt during the crisis, the Siegels’ home went into foreclosure and was put up for sale. They cut back on the jet, took the kids out of private school and gave up some of their staff.”
He claims he has turned things around by getting “lean and mean” (by cutting back on the jet and taking his kids out of private school?) and wants the country to do the same thing. Like so many very wealthy people in this country, this man prides himself on the fact that he made it “on his own.” As he told his employees in his letter, “. . .people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn’t. The people who overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for.” So many of the very rich simply don’t get it: they really don’t know what it means to struggle and go without. This is becoming a familiar story; the stereotypes just keep tumbling out.
Siegel blames “Obamacare and increased taxes,” which he predicts will follow the president’s reelection, for the projected reduction of some of his 7000 employees. But he ignores the salient fact that among developed countries Americans pay the fewest taxes in the world. The proposed increase in taxes to be paid by the wealthy in this country under Obama would be about 39% — almost exactly what they were under Clinton when the country knew unprecedented economic growth. Additionally, this country is near the bottom of the developed nations in health care, one of the few “civilized” countries without some sort of national health care system — discounting the Affordable Care Act which is in its infancy. And the number of poor grows daily while “Obamacare” in its brief existence has welcomed thousands of the sick under its umbrella — people who had previously been uninsured. The system is not perfect, heaven knows, but it is assuredly a step in the right direction.
What is particularly disturbing about Siegel’s actions are the echoes of Mitt Romney’s dismissal of the 47% of the people in this country who, in his words, have become dependent on the government. Romney famously said it; Siegel simply stands in his shadow and nods his head. The man stoops to extortion and he has a dismissive attitude toward the poor in this country whom he lumps together as leeches and bums — ignoring the fact that many of his 5000 employees who lost their jobs during his “lean and mean” period are probably among their numbers. Shit happens, and it often happens to gifted and highly motivated people who just may happen to work for people like David Siegel.
At a time when the world needs compassion and understanding it is troubling to read about a man who brags about his own success while he threatens others as he denigrates those who struggle simply to keep their heads above water.