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Houston Billionaire Tilman Fertitta laid off 45,000 employees quickly as a 'favor'
Houston Chronicle ^ | 4/11/20 | Alison Medley

Posted on 04/11/2020 7:31:05 PM PDT by Meatspace

Houston billionaire restaurateur Tilman Fertitta told FOX News' guest host Brian Kilmeade that he laid off 45,000 workers as a 'favor" to help them access unemployment benefits earlier.

"You know, Brian, I went through the '87 crisis, the 2000, the 2008," Fertitta said Saturday on FOX News' Ingraham Angle. "You’re doing the people a favor if you get them furloughed first, because you have them first to unemployment line after the severance that you give them. It’s a trick that I’ve learned many years ago."

(Excerpt) Read more at chron.com ...


TOPICS: Business/Economy
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1 posted on 04/11/2020 7:31:05 PM PDT by Meatspace
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To: Meatspace

It isn’t a “favor” to the taxpayers and other businesses who pay into the unemployment fund. Everyone’s rates go up, and the taxpayers end up paying for some billionaire’s “favor”.


2 posted on 04/11/2020 7:40:20 PM PDT by freeandfreezing
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To: Meatspace

That’s harsh. Having the government, i.e. taxpayers, pay for his employees instead of keeping as many employed as possible... That’s horrible. I can only hope they all get rehired when he opens back up in May.


3 posted on 04/11/2020 7:40:40 PM PDT by Tacrolimus1mg (Do no harm, but take no sh!t.)
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To: Meatspace

Yes, they will get addition $600/week from federals in addition to state unemployment checks. Many will get more money than their regular earnings.


4 posted on 04/11/2020 7:41:22 PM PDT by entropy12 (You are either for free enterprise or want gov't to guarantee your wages.)
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To: freeandfreezing

He is socializing his business losses.


5 posted on 04/11/2020 7:42:50 PM PDT by Meatspace
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To: Meatspace

You should see what he does to you when he’s really being generous.


6 posted on 04/11/2020 7:44:21 PM PDT by DannyTN
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To: freeandfreezing
It isn’t a “favor” to the taxpayers and other businesses who pay into the unemployment fund. Everyone’s rates go up, and the taxpayers end up paying for some billionaire’s “favor”.

Y'mean he didn't pay into the fund too? Seems unlikely. Did your knee jerk or something?

7 posted on 04/11/2020 7:49:10 PM PDT by no-s
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To: no-s

Business owners pay 1.5% of their total payroll every month for this eventuality... just another perk of being in business... people judging on here have no idea what they are talking about as usual.


8 posted on 04/11/2020 7:54:35 PM PDT by willyd (I for one welcome our NSA overlords)
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To: Tacrolimus1mg
Having the government, i.e. taxpayers, pay for his employees instead of keeping as many employed as possible... That’s horrible. I can only hope they all get rehired when he opens back up in May.

He says he furloughed them. That means they're not really fired, if he's still in business when the economy picks back up they have jobs waiting. The envy around here is thick enough to spread marxist class envy on everything.

9 posted on 04/11/2020 7:56:25 PM PDT by no-s
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To: freeandfreezing

Drama queen. Only businesses pay unemployment taxes. And exactly what would you do? Keep 45,000 employees on payroll including tips when there is no income for several months. I didn’t think so.


10 posted on 04/11/2020 7:59:12 PM PDT by Dave W
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To: willyd
people judging on here have no idea what they are talking about as usual.

Or maybe it's ChiCom bots. They seem to be freaking everywhere these days.

11 posted on 04/11/2020 7:59:35 PM PDT by no-s
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To: Meatspace

Oh really? What would you do with 45,000 employees for two months with no income? Pay them plus tips plus taxes with no income. I didn’t think so.


12 posted on 04/11/2020 8:01:20 PM PDT by Dave W
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To: willyd

You are correct. The ignorance here is staggering - as usual.


13 posted on 04/11/2020 8:02:30 PM PDT by Dave W
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To: entropy12; Dave W
Yes, they will get addition $600/week from federals in addition to state unemployment checks. Many will get more money than their regular earnings.

The innumerate on FR and on Twitter don't seem to understand this.

Even when you explain it to them.

My employer has me on half pay - and I don't have to show for work.

It's $400 a week - but I can't file for unemployment - dealing me out of the $600 a week windfall.

14 posted on 04/11/2020 8:20:45 PM PDT by an amused spectator (Mitt Romney, Chuck Schumer's p*ssboy)
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To: Meatspace

People need to run the numbers on this.

45,000 employees x 40 hours a week x $15/hr (just a quick guess) = $27 MILLION PER WEEK.

Tilman’s rich, but probably not that rich. Especially with no defined endgame here.


15 posted on 04/11/2020 8:34:04 PM PDT by chaosagent (Remember, no matter how you slice it, forbidden fruit still tastes the sweetest!)
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To: Meatspace

He’s a reeeeeal mensch.


16 posted on 04/11/2020 8:35:39 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Meatspace

He’s a reeeeeal mensch.


17 posted on 04/11/2020 8:35:56 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: Dave W
The ignorance here is staggering - as usual.

The Marxist and the laid-off IT worker share many of the same resentments against all business owners, large and small. They are ineducable - and many of us have tried.

18 posted on 04/11/2020 8:45:20 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Meatspace

He’s a snake, that one..
I refuse to eat at any of his restaurants.


19 posted on 04/11/2020 8:55:40 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: smokingfrog

Which restaurants are his?


20 posted on 04/11/2020 8:58:56 PM PDT by smvoice (I WILL NOT WEAR THE RIBBON.)
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