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Denny's to charge 5% 'Obamacare surcharge' and cut employee hours...[W:287/521]

Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

In zee teeth. No free lunch boxes.

Parasite Nation comes with costs... fewer jobs... hidden taxes... everywhere.

But it's freeeeeeeeeee! Yipeeeeeeeeeeeeee!

Wrong numb nuts. It's Aints free.

This is nothing but political grandstanding. The guy really has no clue what the real impact will be on his business as we really are only week one into acknowledging that Obamacare is with us. The free market has yet to react with products to address the new healthcare market and the regs have yet to be fully written on the adoption of the law.

I am also a franchisee. I have 55 employees, most of whom are part time. With a little growth in my business, which I expect next year, I am also subject to the provisions of this law. However, unlike this yahoo, I am not crying about it and grandstanding on an issue that I do not fully understand (as no one really does).... as I DO understand there are a lot more steps ahead in the full implementation of this law, including actions by congress to provide relief for adoption of provisions in many instances.

I just returned from our national conference held in Detroit last weekend. My franchise did make a big deal about Obama care implementation. Though I believe our franchise is ahead of the curve here, they also went off rather half-baked with statements of fear that did little but cause angst within the ranks. They could not answer many questions, in many cases only speculating. They also were operating on a lot of assumption, not providing real answers, because they did not know..... nor does this Denny's franchisee (who, I speculate, voted for Romney).

Sorry, IMHO, we are running ahead of ourselves in fear of the unknown. This will be ok.
 
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Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

What is a "vulture capitalist"? Did you mean to type "venture capitalist"?
perhaps this will help from the Wikipedia entry on the topic?

Vulture capitalist
From Wikipedia, the free encyclopedia
A vulture capitalist is an investor who used the clauses of the terms of an investment deal in a company to seize ownership of the company or valuable parts of it outright.[1][2] Whereas a venture capitalist invests in a company likely to succeed in the marketplace and hence show a profit to the investor, a vulture capitalist looks to invest in a firm likely to fail to show a profit in the near term, triggering the takeover clauses, resulting in forfeiture of some or all the assets of the company, with an eye towards selling off the constituent parts, hence showing a profit while destroying or hobbling the company.[1][2]

As for the definition, that doesn't describe a parasitic activity.

post 135.

The definition is clear. it is the difference between helping to build a company and helping to destroy and dismantle a company.


He cites a Wiki entry without linking to it. :doh
Maybe because it was only recently added to Wiki in July? Vulture capitalist - Wikipedia, the free encyclopedia

If one searches the term on Google, the first entry is the following:

Definition of 'Vulture Capitalist'
1. A slang word for a venture capitalist who deprives an inventor of control over their own innovations and most of the money they should have made from the invention.

2. A venture capitalist who invests in floundering firms in the hopes that they will turn around.

Investopedia explains 'Vulture Capitalist'
Like them or not, many vulture capitalists make more money than the venture capitalists do.​
Vulture Capitalist Definition | Investopedia

The Free Online Dictionary defines it this way.

Vulture Capitalist
1. An investor who buys companies in or near bankruptcy in order to save them.

2. An investor who buys the rights to a new product or invention in order to profit from its sale. The term is somewhat derogatory as vulture capitalists deprive inventors of the money they would make otherwise. However, vulture capitalists may be in a better position to market these new products than the inventors themselves. See also: Vulture fund, Venture capital.
vulture capitalist financial definition of vulture capitalist. vulture capitalist finance term by the Free Online Dictionary.


It is apparent to me that the use of the recent Wiki entry was an attempt at subterfuge and it should also be apparent that everyone knew what he meant even if he tried to cover.
It is still a "Venture Capitalist".
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

I have no idea. There are hundreds if not thousands of variables, which would be different for every single individual.

One would have to add up every service received by the government (R) and then one would have to add up all the taxes paid to the government (T). If one could determine R and T, a person whose R > T would be a parasite, while a person with an R < T would be a host.

I think it would be difficult if not impossible to quantify.
On an individual basis it is very easy to quantify.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

The real question is whether or not I am willing to pay a 5% surcharge at Dennys so that everyone in the U.S. gets healthcare? The answer is a resounding yes.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

It's sad that the government providing health-care to everyone is the bad guy, and not the guy putting the extra cost onto the people, and the workers.

It's even sadder that people think that Obamacare is government providing health-care to everyone. This ain't socialism; it's corporatism. It is even sadder that people think that you can get things without costs.

Though this is an argument for a single payer system as well though.

It is neither an argument for or against single-payer. It merely demonstrates that things have costs.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

The real question is whether or not I am willing to pay a 5% surcharge at Dennys so that everyone in the U.S. gets healthcare? The answer is a resounding yes.

what makes you think that Obamacare means everyone in the US gets' healthcare?
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

I don't understand. One cutting hours to 30 so he doesn't have to pay for them means they can buy in the subsidized healthcare marketplace in the future and can qualify for more government assistance. Charging 5% more than all other Denny's is because why now?
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

In zee teeth. No free lunch boxes.

Parasite Nation comes with costs... fewer jobs... hidden taxes... everywhere.

But it's freeeeeeeeeee! Yipeeeeeeeeeeeeee!

Wrong numb nuts. It's Aints free.

Not that I would eat at Denny's, but if I did I would stop eating there now. **** Denny's.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Did the same guy provide all of his workers better benefits and more pay and reduce the cost of his food by 5% when he got a tax cut under bush?

Yea, didn't think so. Funny, when you give people a tax cut, that's more money that they get because they're amazing, when you bump their cost of doing business by a small amount, the only way to cope is to take it out on their employees by gaming the system.
Is that how it was supposed to work?

Yea, didn't think so. Funny, how individuals even exist that think the money a person earns isn't theirs.




How about people stop going to these establishments that don't give two ****s about their employee's, or customers, and go to business's that at least try to treat every fair, and honestly. We'll see how long they keep these policy's in place.
iLOL
Anoint gonna happen.
But you will continue to see similar accounts of this happening.
The cost always gets passed on to the consumer.

I know how the market works, and I know that people not going to their places of business will make them change their tude.
Well, by this time next year, we should be able to tell if you are right or wrong about this specific situation.




FWIW I find it outrageous that my health should be tied to being employed and think there should be options outside of employer-sponsored plans that are actually realistic. Then again, I support a single payer system.
FWIW I find it outrageous that anybody's health care should be tied to anything but there own efforts and ability.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Which includes me. Though interestingly enough I've never had a problem getting insurance, even when I DID pay for it 100% myself.

Healthcare is NOT a Right; regardless of what you might think, believe, or want it to be. It never has been and never should be.

I was going to comment on just that issue, but Tigger, you beat me to it.

Even in an employer-provided healthcare scenario, the majority of carriers had a 1yr wait for employees. Once the year was up, and they were signed up for insurance and paying for it during that time, than the medical issue was covered. That is not "denied coverage", but "delayed coverage".
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

The up side to this is that it will give impetus to single payer, which is the best solution to our health care problems.
No it is not.
Paying your own way is the best solution over all others.


What is there to admit? It couldn't possibly be any clearer that single payer is the way to go. There are more than 30 countries that have single payer and every single one of them achieves much lower costs for similar results. Duh.
Propaganda.





Further, without Obamacare, people with pre-existing conditions would not be able to buy insurance at any price.
Preexisting conditions?
An insurer shouldn't have to, as in be forced, to cover such. That is ridiculous.
You don't go and get auto insurance after the fact of an accident and expect the company to cover it, do you?

There are millions of people who thought they had it all handled too, who now find themselves in your loss column.

[...]
No one should die for the inability to pay for healthcare.
That is called life. Stealing from the efforts of others to better another's lot in life is wrong. It is theft and should not be tolerated by anybody.





We just need to get a proper single payer system already
No we don't.
We need a system where all provide for their own needs.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Consider: Federal spending is about 21% of the GDP, while medical costs are about 17%, but...

7% goes to Medicare and 2% to Medicaid, both part of the 21% federal spending. Take that out, and you have 12% being spent by the federal government, while 17% is spent on health care. Health care costs more than the entire federal bureaucracy!
That is a great argument for the Government to get out of the business of providing for such.






Yes in deed. This is what happened to me and my busienss. People stopped coming, couldn't afford it any more, and my employees got unemployment, so did I after closing, the store is still empty but I understand the homeless squat there so I guess you would find that desirable. The traffic I lost helped two neighboring businesses close, the landlord had the center foreclosed on - guess the bank owns it now. Yes in deed the lefts true colors shining through. I use to pay our government about $60k a year in payroll taxes alone - they get jack now because I get zero dollars. I'm fortunate to have squirreled away enough not to be homeless myself, I prepared for it and am fine. I feel really bad for those who got a year of unemployment and still didn't find work - they could care less about health insurance they just want a pay check.
Am I the only one who noticed Cal wasn't prepared after his business closed (my condolences for that, by the way) and had to rely on a social government program for assistance?
What?
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

That is a great argument for the Government to get out of the business of providing for such.

I suppose it is if you blame the high costs on the government.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

That's true.


It should have been a single payer universal care system IF the government was getting into the insurance business, rather than giving insurance companies a cut as pointless middlemen. Nor should any exceptions have been allowed.

Financing it should have been through an additional payroll deduction tax, matched by ALL employers, with a value added surcharge import tax (tariff) to address offshoring and to make in unviable to avoid the tax by shifting production offshore.

In addition, the government should then also have gotten directly into health care providing, including breaking the AMA's monopoly (and limiting) licensing and education in the medical field - allowing more specific licensing and certification to more exact skills - thus lesser educational time requirements. To expand the number of such professionals, the government would offer paying education in return for an economic commitment to work at living - but reduced wages - for a few years while developing the person's skills - along an appreticeship program.

The government also should set up "assembly line" type medical facilities for known typical, but highly costly, treatments - such as heart surgery - where the assembly line would maximize expertise and minimize costs.

Obviously the total monopoly exceptions to big pharma should be eliminated for them to have to follow the same anti-trust laws and cap profits for unique lifesaving drugs and equipment.

ObamaCare is a model for political corruption and bribery, with the government able to and actually doing granting exemptions to super rich comporations (1200 so far) as one example, plus of course bribery by insurance companies to get on the approval list too. I do not see ObamaCare as better than nothing, but worse than what was.

Certain provisions, such as pre-existing conditions, raising the age by which a person could still stay on family insurance etc - all could be done merely by national insurance regulation standards.

Finally, I see ObamaCare as basically transferring indigent care from property taxes for residences and business real estate and property (thus inherently a progressive tax as the wealth have more real estate and property) - to instead be paid for by working folks.

ObamaCare is NOT universal healthcare and is, in my opinion, a mass of chaos and grossly inviting - if not requiring - massive political corruption.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

I suppose it is if you blame the high costs on the government.
Not at all.
It is a great argument period because the Government's job its to govern, not to provide for it's citizens healthcare.

And as you pointed out, it is expensive.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

I don't understand. One cutting hours to 30 so he doesn't have to pay for them means they can buy in the subsidized healthcare marketplace in the future and can qualify for more government assistance. Charging 5% more than all other Denny's is because why now?

Because now, on top of the added burden of regulatory compliance, he has to pay additional taxes because he doesn't purchase health insurance. That's just part of the cost of a stupid program that takes the problems in our health care system and doubles down on them.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

I suppose it is if you blame the high costs on the government.

There are two sectors of the economy that the government heavily interferes in, on top of providing much of the expenditure for: Education, and Healthcare.

Not coincidentally, there are two sectors of our economy which over the last two decades have seen prices spiral: Education, and Healthcare.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

So it is.

And, he's cutting back employees to 30 hours so he doesn't have to provide health insurance to them. I'm not sure why he'd have to charge customers an extra 5% as well, since he's getting out of providing health insurance. Maybe he has to make a boat payment or something.

I guess his employees will still have to go to the emergency room and stick the paying customers with the bill, just as they did before Obomneycare became law. What a great system we have.

Anyone who deliberately ignores this isn't serious about costs.

Meaning that Henrin and Zimmer for starters aren't really looking for an honest discussion.

An honest discussion on healthcare has to address the status quo and the alternative. Complaining about a proposed solution while never addressing the existing system is pretty dishonest. Effectively, those who never address the status quo are implicitly arguing that it is right and just to continue the brazen theft of premiums. Apparently it's wrong to redistribute money via taxation, but it's okay to redistribute healthcare via theft.

Dishonestly runs deep in many people here.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Because now, on top of the added burden of regulatory compliance, he has to pay additional taxes because he doesn't purchase health insurance. That's just part of the cost of a stupid program that takes the problems in our health care system and doubles down on them.

Said the man on tricare.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Yep, I paid into unemployment insurance for 6 years and took a years worth out. During that year I prepared for life without income. I'm living it - have been for 2 years since. Oh I've managed a couple of decent contracts here and there for odd jobs which were great but my life is upside down compared to 5 years ago. In some ways its better. I can grow / hunt for my own food, have my own power supply, and was thankful to be able to sell off enough of the businesses assets to pay off the house or I might have lost it. I'd never be able to make a mortgage payment today. You do realize "unemployment insurance" is an insurance to which I paid a premium for right?

Am I the only one who noticed Cal wasn't prepared after his business closed (my condolences for that, by the way) and had to rely on a social government program for assistance?
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Said the man on tricare.

Frankly, anyone on TRICARE should be legally barred from discussion healthcare other than to discuss how government healthcare such as TRICARE sucks.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Respouting the lies of the rich.

Dennys has about 10,000 employees, so the fine they will pay is only $20 mil. They have over $400 mil in profits WITHOUT charging more for
anything.

Its just more retailiation agianst the masses.......
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

In zee teeth. No free lunch boxes.

Parasite Nation comes with costs... fewer jobs... hidden taxes... everywhere.

But it's freeeeeeeeeee! Yipeeeeeeeeeeeeee!

Wrong numb nuts. It's Aints free.

These businessmen reacting to Obamacare are jumping the gun. They have no extra costs right now. This tells me they are just retaliating for Obama getting elected. Businesses do not have to provide health coverage for their employees until next year.
Talk about sore losers. Americans don't like sore losers.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Anyone who deliberately ignores this isn't serious about costs.

Meaning that Henrin and Zimmer for starters aren't really looking for an honest discussion.

An honest discussion on healthcare has to address the status quo and the alternative. Complaining about a proposed solution while never addressing the existing system is pretty dishonest. Effectively, those who never address the status quo are implicitly arguing that it is right and just to continue the brazen theft of premiums. Apparently it's wrong to redistribute money via taxation, but it's okay to redistribute healthcare via theft.

Dishonestly runs deep in many people here.
BS!
Eliminate the ER mandate.
Hell you could greatly reduce cost by limiting the function ER now serves.
That is one way to take care of it.



Frankly, anyone on TRICARE should be legally barred from discussion healthcare other than to discuss how government healthcare such as TRICARE sucks.
Sure lets just eliminate people from the discussion because they earned something right?
Ridiculous.
 
Re: Denny's to charge 5% 'Obamacare surcharge' and cut employee hours to deal with co

Respouting the lies of the rich.

Dennys has about 10,000 employees, so the fine they will pay is only $20 mil. They have over $400 mil in profits WITHOUT charging more for
anything.

Its just more retailiation agianst the masses.......
What their profit is, or what they do with it, is none of your business.
 
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