Peter Schiff employs 150 people, how many do you employ?
Fine. In my perfect world, Schiff would have 300 employees and enjoy less consumption because our tax system made it more advantageous to invest more and consume less, though.
But - he also said, if his taxes go up he may just decide to stop working and lay off those 150 people.
Peter Schiff is very wealthy. It is insulting to those 150 people to imply they are charity cases. In other words, a good deal of his wealth is due to the returns generated by a good portion of those employees. He is probably a very good judge of employees; so good in fact, that I'm quite certain they will find jobs. Several of them may even risk it all, venture out and grow their own 150 employee companies when faced with the loss of their cushy Peter Schiff job. They will almost certainly be fine without Peter Schiff, perhaps better off in some cases. Peter Schiff would probably be racing to invest in the startups of his most promising employees.
Steve Jobs died, yet the world kept turning. If we can survive without Steve Jobs, we can certainly live without a working Peter Schiff.
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