They're not very good at this business expense calculation thing, are they?

[SSG Snuggle Bunny]

SmileyRose (4,290 posts) Profile Journal Send DU Mail Ignore

There comes a point when you are just a money grubbing ****.

I have worked for 9 different small businesses in my lifetime. This man is by far the most generous to his employees.

I work for a poor little rich guy. If he liquidated he'd have about $17 Million right now. He whines constantly about being poor and means it. He was worth about $38 Million in 2006.

The jackass LOVES "Obamacare". He figured out medical benefits cost him $8600 per each of his 22 employees. Under "Obamacare" he can pay a $2000 fine per employee and walk away with the remaining $6600 per employee no further obligation.

He's convinced himself "letting" his employees use the income he currently pays to also buy medical care benefits from the government plan will give us all better medical care benefits. Now he's already cut all our salaries by 30% and not given a dime back - he wants us to use what's left to buy our own medical care.

$8600 worth a year............ We are going to end up with a pay cut of $8600 a year. That's a 3rd of what he pays me.

I will quit my job. It will actually be cheaper for me to sell off my car and walk to a McJob close to home.

He stood there, looked me in the face, and told me he's excited about the idea of shitting on my life so he can another 6 grand a year to his Millions. He actually thinks he's doing me a favor.

This is why I fought so hard against the Affordable Care Act. This is why I hope they kill it. There is a better way to get the good provisions it contains.

 

MannyGoldstein (17,428 posts) Profile Journal Send DU Mail Ignore

1. There are some sick, sick people out there

Sorry that you work for one!

Lemme guess: did the mocking include cat-calls of "RW talking points"?

Javaman (36,234 posts) Profile Journal Send DU Mail Ignore

13. I had noted that back then as well...

and I stated something a long the lines of "unless the penalty for not providing health care is more than what it costs to provide it, the employer will just not provide it, pay the penalty and laugh all the way to the bank with the cost savings".

And here we are. 

lacrew (164 posts) Profile Journal Send DU Mail Ignore

31. And it goes beyond the cost of the premium

We have at least two full time employees, to deal with insurance. Pay the penalty, and these positions are no longer needed.

JoePhilly (11,152 posts) Profile Journal Send DU Mail Ignore

9. Businesses with 50 or fewer employees are exempt. The story is BS.

Same story has been sent around in a variety of right wing email BS campaigns.

So it's actually the really big companies that get to save really big amounts of money...

...to further crush the little companies...



Good job dems.

http://www.democraticunderground.com/1002483108#post1

[Zeus]

Worth 38 Million in '06 and If he liquidated now would have 17 Million. I think the boss has other problems besides employee healthcare cost.

[DumbAss Tanker]

22 employees?  Isn't the Obamacare threshold 50?

 

[JohnnyReb]

Worth 38 Million in '06 and If he liquidated now would have 17 Million. I think the boss has other problems besides employee healthcare cost.

Yes he does. Obama and democrat employee's are breaking him. He should move his company off shore or hire illegals.

[SSG Snuggle Bunny]

22 employees?  Isn't the Obamacare threshold 50?

 

Yes, but that's the point then, isn't it.

If you have less than 50 employees you either keep the higher cost...which is certain to go higher still...or you stop being competitive for the best labor by ending coverage.

Meanwhile, the 50+ companies that already enjoy economy of scale can now save thousands of dollars per employee. They dump coverage, reducing private insurance pools and increase government costs (guess where the gov't will make up the difference).

So it actually helps the bigger companies while leaving the smaller companies at a higher disadvantage including the higher taxes to cover expanded government isurance rolls.

ObamaCoup isn't helping the little guy, it's a boon to the bigger corporations.

[franksolich]

Worth 38 Million in '06 and If he liquidated now would have 17 Million. I think the boss has other problems besides employee healthcare cost.

That was the first thing I thought.

His worth under the Evil George Bush = $38 million.

His current worth under the Magic One = $17 million.

And that goes for millions of people who started off with considerably less than $38 million, too.

[DumbAss Tanker]

If you have less than 50 employees you either keep the higher cost...which is certain to go higher still...or you stop being competitive for the best labor by ending coverage.

Snugs...the guy has a DUmmie for a long-term employee.  I don't think attracting the 'Best labor' has been a factor at this particular money-pit.

[Zeus]

That was the first thing I thought.

His worth under the Evil George Bush = $38 million.

His current worth under the Magic One = $17 million.

And that goes for millions of people who started off with considerably less than $38 million, too.

I'm curious as to what type of business they guy operates. He lost 55% of his wealth in 6 yrs.

I derive approx 75 - 80% of my income from Real estate related endeavors and during the "Real Estate bubble burst" my Income/wealth has remained stable if not increased some.

[franksolich]

I'm curious as to what type of business they guy operates. He lost 55% of his wealth in 6 yrs.

I derive approx 75 - 80% of my income from Real estate related endeavors and during the "Real Estate bubble burst" my Income/wealth has remained stable if not increased some.

That's because you knew what the Magic One would do, and prepared accordingly.

[thundley4]

The jackass LOVES "Obamacare". He figured out medical benefits cost him $8600 per each of his 22 employees. Under "Obamacare" he can pay a $2000 fine per employee and walk away with the remaining $6600 per employee no further obligation.

WTF?  Wait a minute.   If this business owner were real, why would he have waited until there was a penalty for dropping your insurance?  He could have just said screw you at any time and dropped it.

A bouncy like this would only be plausible if your boss didn't currently offer insurance and said that he intends to pay the fine rather than pay for your insurance.

[jukin]

Neither pony or Skittles were delivered.

The thing is that for small business insurance costs are going to skyrocket because under the AFFORDABLE care act everything is covered and has to be covered. Also we got to keep those sluts in birth control while they spend $50K a year for law school.  Hitler would have been proud to get 0bama Hell Care passed it's straight up fascism.

[SSG Snuggle Bunny]

Neither pony or Skittles were delivered.

That's because George Zimmerman gunned-down the Skittles courier.

[thundley4]

That's because George Zimmerman gunned-down the Skittles courier.

[AllosaursRus]

Hell, this bouncy is not even worth half a joint, let alone a bong!

[Maxiest]

he jackass LOVES "Obamacare". He figured out medical benefits cost him $8600 per each of his 22 employees. Under "Obamacare" he can pay a $2000 fine per employee and walk away with the remaining $6600 per employee no further obligation.

Don't you think the idiots that wrote this bill know that?  THEY WANT EVERYONE ON GOVERNMENT HEALTHCARE!  That is why they made the penalty less than what it cost to cover their employees.

[thundley4]

Don't you think the idiots that wrote this bill know that?  THEY WANT EVERYONE ON GOVERNMENT HEALTHCARE!  That is why they made the penalty less than what it cost to cover their employees.

That was not a "bug", that was a feature.

[Maxiest]

That was not a "bug", that was a feature.

Exactly what I was saying.