My friend Dan, who just laid off his pastry chef and GM, cutting his labor budget by about 20% has shared this suggestion for saving the restaurant industry. It's a good plan, considering the value of the industry to the economy and civilization in general (How could we have artists if they couldn't pay their grocery bills with waiter jobs), and it's cheaper than the bailout Detroit is demanding. Let me share it with y'all and suggest that you run straight away to your Senator or Congressperson and demand that we too get a bailout - of sorts.

Here's the plan:

Make business meals 100% deductable again.
That's it.

Why it works:
1) states, at least, will get a good deal of what they lose in Income Tax in Sales tax.
2) In modern America restaurants are the bocce ball field, the piazza, the urban golf course.They are where business gets done. Steak and a bottle of plonk is the ultimate business incentive package. How many deals have you all who own restaurants midwifed, do you think? Yep, a heap of them. Get those bankers and visionaries together with a bottle and food, and we are back and running in no time.
3) We really deserve it more than Detroit. We didn't screw up by making our burgers too big or our pastas too fuel intensive. Paycheck per paycheck, we employ a lot more people than Ford, GM,Chrysler,their suppliers and dealers combined. If you count our suppliers as well, we dominate the “need a bailout
contest hands down. Who in this country, I ask you. Doesn’t live off the back of restaurants?

Anyhow, if Ford and Chrysler don't make it, what will the outcome be? We will all walk or drive Japanese small vehicles, the h*** in the ozone will disappear, the icebergs will freeze back, atolls will again rise above sea level, and Inuits, South Sea Islanders and Ski Lift operators will be deliriously happy.
If restaurants don't make it, what are they going to do? Fly in sashimi Kyoto? Revert to TV dinners? Puhleeze.

I could give you a lot more reasons, but you can surely think of them for your worthy selves. The point is this:
Go get 'em tiger, bug your representatives, storm the barricades, write articles to the local paper. Gripe, beat pans or drive a hybrid to DC. Do it

Tags: Chef, Dan, Restaurant, bailout, business, deduction, economy, meals, money, tax

Views: 2

Reply to This

Replies to This Discussion

If they did this, we would probably open again for lunch.
Great idea.

Cheers
You and a lot of other people.It looks like we have/Dan has a senator to carry it to congress in January, but it needs some fire under the kettle. (It's really not a joke).

The blurb above is a little offhanded, but there's sound reason to do it, including as mentioned above that the cumulative restaurant payroll of the country exceeds that of Detroit by multiples of probably thousands or tens of thousands (anyone with these numbers is invited to provide them).
If you add the distributory effect of restaurants - you will have a far greater monetary spread than a Detroit bailout offers.

Detroit is in Detroit. Restaurants are everywhere. Main Street incentive is what the politicians want, and that's what we can offer. The monies that change hands in restaurants don't go to partially overseas parts suppliers but directly into the pocket of the working man, woman, dishwasher.

If you count the ancillary businesses serving restaurants, furthermore, you have Main Street covered from end to end. Architects, construction firms, printers, farmers, florists, retailers, cleaning services, insurance firms, web designers. It extends far beyond the food industry.

The restaurants are not asking for money, just for tax incentive to eat there. It won't cost the country anything except in unrealized taxes. No loans necessary. The increased sales taxes gained will benefit the states, which means education, infrastructure, etc, all of which translates into jobs.

Consider this an earnest call to action. Wherever you are, whoever your state and national representative is, now is the time to bring this idea to the table. In any other economy it would be seen as elitists demanding privilege. I expect the reception in this economy to be positive. Please pass it along.
What a simple and genius idea! (Or old idea revisited.)
Thanks for sharing that one and I'm going t pass it on!
Paul

RSS

Advertisments

 

DEPARTMENTS

Social Wine Club for Craft Wineries

Smartbrief

Kids LiveWell atwitter over Twitter party

In its continuing effort to promote more nutritious and flavorful children's menu options, the NRA will hold a Twitter party  -More

Starbucks could become top on-premise wine seller in U.S.

Starbucks is planning to slowly expand its evening sales of wine, beer and small plates to thousands of selected stores throu -More

The evolving nature of snacks

Snacks have shifted from an after-school treat to a meal alternative as meal times become more fragmented.  -More

JOBS & CAREERS

Posting a job or finding a job starts here at FohBoh. Call us about special $25 posting packages to syndicate across all major jobs boards.

National News

Wahlburgers Announces Expansion Plans Including Franchise Agreement in Philadelphia

Wahlburgers has signed a franchise agreement with Hingham Associates, LLC that will bring five Wahlburgers to the metropolitan Philadelphia area over the next several years. The franchise group is actively looking at sites and is targeting a late 2014-early 2015 opening for its first restaurant.

Chipotle Mexican Grill, Inc. First Quarter 2014 Revenue Up 24.4%

Comparable restaurant sales increased 13.4% - Restaurant level operating margin was 25.9%, a decrease of 40 basis points

Jamba Juice Announces Grand Opening of New St. Louis, MO Location

Jamba Juice Company announced the brand’s continued expansion in the St. Louis market with the opening of a Jamba Juice® store at 11477 Olive Blvd. on April 16, 2014.

Expert in Real Estate Analytics Joins Luna Grill

Luna Grill, the San Diego-based Mediterranean restaurant chain, is welcoming retail real estate industry veteran Greg Thorburn to its leadership team. Thorburn has been brought on board to fill the newly created position of Vice-President of Real Estate.

Rita's Italian Ice Awards Area Development Agreement for Kansas

Rita's Italian Ice has awarded franchise and area development agreements for Kansas and the Kansas City area, which extends to the Missouri side of the city, to franchisees and local residents Jay Miller, Jeff Miller and Pat Reilly.

CROWD FUNDING

If you are looking for capital to start or grow your restaurant, create the next 501c3, develop and launch the next app for the restaurant industry,or want to help your peers in some meaningful way, we want to know about it.

TED TALKS VIDEO

TED: Matthew Carter: My life in typefaces - Matthew Carter (2014)

Pick up a book, magazine or screen, and more than likely you'll come across some typography designed by Matthew Carter. In this charming talk, the man behind typefaces such as Verdana, Georgia and Bell Centennial (designed just for phone books -- remember them?), takes us on a spin through a career focused on the very last pixel of each letter of a font.

TED: Jeremy Kasdin: The flower-shaped starshade that might help us detect Earth-like planets - Jeremy Kasdin (2014)

Astronomers believe that every star in the galaxy has a planet, one fifth of which might harbor life. Only we haven't seen any of them -- yet. Jeremy Kasdin and his team are looking to change that with the design and engineering of an extraordinary piece of equipment: a flower petal-shaped "starshade" that allows a telescope to photograph planets from 50,000 kilometers away. It is, he says, the "coolest possible science."

TED: Norman Spack: How I help transgender teens become who they want to be - Norman Spack (2013)

Puberty is an awkward time for just about everybody, but for transgender teens it can be a nightmare, as they grow overnight into bodies they aren't comfortable with. In a heartfelt talk, endocrinologist Norman Spack tells a personal story of how he became one of the few doctors in the US to treat minors with hormone replacement therapy. By staving off the effects of puberty, Spack gives trans teens the time they need. (Filmed at TEDxBeaconStreet.)

TED: Jennifer Senior: For parents, happiness is a very high bar - Jennifer Senior (2014)

The parenting section of the bookstore is overwhelming—it's "a giant, candy-colored monument to our collective panic," as writer Jennifer Senior puts it. Why is parenthood filled with so much anxiety? Because the goal of modern, middle-class parents—to raise happy children—is so elusive. In this honest talk, she offers some kinder and more achievable aims.

© 2014   Created by FohBoh.

Badges  |  Report an Issue  |  Terms of Service