Billionaire Will Own Largest Home in U.S. and Promises to Fire All His Employees if Obama is Reelected

These two key points aren’t all that related, but I thought the busy title was necessary to fully encompass just how big of a boss this guy is. His name is David Siegel, and he owns Westgate Resorts, the largest timeshare company in the world. He and wife Jackie, the blonde pictured above with the blouse bombs, are currently building a 90,000 square-foot home in Florida called Versailles. Upon completion, it will become the largest privately-owned home in the United States.

The home will include:

– 13 bedrooms
– 23 full bathrooms
– 6,000-square-foot master suite (with plans in place for a bed on a rotating platform)
– banquet kitchen
– 10 satellite kitchens
– 20-car garage
– three pools
– two-story wine cellar
– grand hall with a 30-foot stained glass dome

Frankly, I think the 10 satellite kitchens are a little déclassé, but whatever. It’s your money, Dave.

This is a power move in itself, but Dave’s no one-trick pony. He has something else up his sleeve. Now, it’s pretty cold-hearted, but Dave strikes me as the kinda guy that doesn’t concern himself with his public perception. I mean the man is posing for a picture in a golden throne with his much younger, voluptuous, attractive wife sitting on his lap. You think a few negative press clippings are gonna make him skip a golf round? Dave says that despite being “the most profitable [he has] ever been,” he will fire his employees if Obama stays in the White House for another four years. It would appear he is not joking.

Subject: Message from David Siegel
Date:Mon, 08 Oct 2012 13:58:05 -0400 (EDT)
From: [David Siegel]
To: [All employees]

To All My Valued Employees,

As most of you know our company, Westgate Resorts, has continued to succeed in spite of a very dismal economy. There is no question that the economy has changed for the worse and we have not seen any improvement over the past four years. In spite of all of the challenges we have faced, the good news is this: The economy doesn’t currently pose a threat to your job. What does threaten your job however, is another 4 years of the same presidential administration. Of course, as your employer, I can’t tell you whom to vote for, and I certainly wouldn’t interfere with your right to vote for whomever you choose. In fact, I encourage you to vote for whomever you think will serve your interests the best.

However, let me share a few facts that might help you decide what is in your best interest. The current administration and members of the press have perpetuated an environment that casts employers against employees. They want you to believe that we live in a class system where the rich get richer, the poor get poorer. They label us the “1%” and imply that we are somehow immune to the challenges that face our country. This could not be further from the truth. Sure, you may have heard about the big home that I’m building. I’m sure many people think that I live a privileged life. However, what you don’t see or hear is the true story behind any success that I have achieved.

I started this company over 42 years ago. At that time, I lived in a very modest home. I converted my garage into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. We didn’t eat in fancy restaurants or take expensive vacations because every dollar I made went back into this company. I drove an old used car, and often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice. Meanwhile, many of my friends got regular jobs. They worked 40 hours a week and made a nice income, and they spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into this business —-with a vision that eventually, some day, I too, will be able to afford to buy whatever I wanted. Even to this day, every dime I earn goes back into this company. Over the past four years I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools simply to keep this company strong and to keep you employed.

Just think about this – most of you arrive at work in the morning and leave that afternoon and the rest of your time is yours to do as you please. But not me- there is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have that freedom. I eat, live, and breathe this company every minute of the day, every day of the week. There is no rest. There is no weekend. There is no happy hour. I know many of you work hard and do a great job, but I’m the one who has to sign every check, pay every expense, and make sure that this company continues to succeed. Unfortunately, what most people see is the nice house and the lavish lifestyle. What the press certainly does not want you to see, is the true story of the hard work and sacrifices I’ve made.

Now, the economy is falling apart and people like me who made all the right decisions and invested in themselves are being forced to bail out all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed 42 years of my life for. Yes, business ownership has its benefits, but the price I’ve paid is steep and not without wounds. Unfortunately, the costs of running a business have gotten out of control, and let me tell you why: We are being taxed to death and the government thinks we don’t pay enough. We pay state taxes, federal taxes, property taxes, sales and use taxes, payroll taxes, workers compensation taxes and unemployment taxes. I even have to hire an entire department to manage all these taxes. The question I have is this: Who is really stimulating the economy? Is it the Government that wants to take money from those who have earned it and give it to those who have not, or is it people like me who built a company out of his garage and directly employs over 7000 people and hosts over 3 million people per year with a great vacation?

Obviously, our present government believes that taking my money is the right economic stimulus for this country. The fact is, if I deducted 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? Who wants to get rewarded only 50% of their hard work? Well, that’s what happens to me.

Here is what most people don’t understand and the press and our Government has chosen to ignore – to stimulate the economy you need to stimulate what runs the economy. Instead of raising my taxes and depositing that money into the Washington black-hole, let me spend it on growing the company, hire more employees, and generate substantial economic growth. My employees will enjoy the wealth of that tax cut in the form of promotions and better salaries. But that is not what our current Government wants you to believe. They want you to believe that it somehow makes sense to take more from those who create wealth and give it to those who do not, and somehow our economy will improve. They don’t want you to know that the “1%”, as they like to label us, pay more than 31% of all the taxes in this country. Thomas Jefferson, the author of our great Constitution, once said, “democracy” will cease to exist when you take away from those who are willing to work and give to those who would not.”

Business is at the heart of America and always has been. To restart it, you must stimulate business, not kill it. However, the power brokers in Washington believe redistributing wealth is the essential driver of the American economic engine. Nothing could be further from the truth and this is the type of change they want.

So where am I going with all this? It’s quite simple. If any new taxes are levied on me, or my company, as our current President plans, I will have no choice but to reduce the size of this company. Rather than grow this company I will be forced to cut back. This means fewer jobs, less benefits and certainly less opportunity for everyone.

So, when you make your decision to vote, ask yourself, which candidate understands the economics of business ownership and who doesn’t? Whose policies will endanger your job? Answer those questions and you should know who might be the one capable of protecting and saving your job. While the media wants to tell you to believe the “1 percenters” are bad, I’m telling you they are not. They create most of the jobs. If you lose your job, it won’t be at the hands of the “1%”; it will be at the hands of a political hurricane that swept through this country.

You see, I can no longer support a system that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, so will your opportunities. If that happens, you can find me in the Caribbean sitting on the beach, under a palm tree, retired, and with no employees to worry about.

Signed, your boss,

David Siegel

Power move.

Now, you may be thinking this is fake. It is, in fact, very similar to a chain email that went viral in 2008 prior to the presidential election. It is authentic, though, proven by the folks at Gawker who spoke to Siegel:

Shortly after we posted this letter, we found out, thanks to multiple readers, that it bore suspicious resemblances to a popular chain letter that was circulated just before the 2008 elections. Well, we just got off the phone with David Siegel, who told us the letter below is real, and that it was sent out to all of his employees yesterday. “I did use the letter that had circulated before as a guideline, but I changed it [to fit my circumstances],” he told us. “It speaks the truth and it gives [employees] something to think about when they go to the polls.” He also said that its threats of possible layoffs are real, based on his assessment of the political and economic climate.



  1. TotalFratBro

    I’m all for the cause, but firing people for something entirely out of their control isn’t right.

    12 years ago at 7:24 pm
    1. SPECOA

      Taking a stand and making your opinion known as an influential person is essential in an election. I’m not sure how this wasn’t warranted. Bravo, Mr. Siegel.

      12 years ago at 7:36 pm
    2. TheGent

      Agreed. I can respect the power move and cutting through the “1%” bullshit, but his employees have no control over the election, even if all 7000 voted for Romney.

      12 years ago at 7:39 pm
    3. Whisky Dick

      He’s not gonna be laying people off strictly because of the election, he’ll be doing it because Obama is a fucking jackass

      12 years ago at 8:08 pm
    4. Miz_Secpledge

      Although I do not know all the details of his company it seems to me it is located in Florida. 7000 votes and possibly the votes of their husbands and wives ect. could be somewhat influential. I’m not saying they control the election, but Florida is an important state and 7000 is a big number.

      12 years ago at 9:21 pm
    5. Victory Lap

      A few thousand votes could make a huge difference in Florida. I understand not all 7000 employees are in Florida, but if it’s headquartered in Florida, with resorts in Florida, it’s safe to assume there is a significant chunk of employees in Florida.

      12 years ago at 9:24 pm
    6. Virginia Gentleman

      Retards: He didn’t say he would fire everyone if Obama won, he said that if taxes were raised on him and his company, he’d be forced to downsize. I’m not an award winning economist, but that seems to be a pretty logical concept to me. Pull your heads out of your asses and read the fucking article, not just the title. If you don’t, you’re no better than the assholes constantly twisting the truth in the Mainstream Media.

      12 years ago at 7:57 am
    7. Bone Padre

      OF COURSE he’d be “forced to downsize”. Otherwise, he’d only be able to afford a mere 8 satellite kitchens, instead of the ideal 10, which we all know would totally be NF.

      For FUCKS SAKE people, do you know how much toilet paper you need to stock 23 bathrooms? Well Bone Padre will tell ya- A LOT. I know from experience, hermanos. YOU try inviting over the top 250 businessmen in Nebraska on enchilada day. If Mary from Sales has to be let go in order to avoid that impending poopocalypse, so be it.

      12 years ago at 8:13 am
    8. Virginia Gentleman

      ^So you’re suggesting that in a business, every time operational costs go up, the CEO should dip into their own salary and/or personal finances to cover those increased costs towards the bottom line? Brilliant. Let’s see how long that model works.

      12 years ago at 8:25 am
    9. Bone Padre

      I’m suggesting that your choice of words “forced to downsize” is utter bullshit.

      Donde es la biblioteca?

      12 years ago at 8:45 am
    10. Virginia Gentleman

      So you weren’t sarcastically making an illogical suggestion on how to run a business, but were instead suggesting that I chose my words poorly? I chose the words “forced to downsize” to summarize his statement of “I will have no choice but to reduce the size of this company”. Stick to Spanish, chief.

      12 years ago at 9:06 am
    11. Bone Padre

      And again, my point is (and it’s moreso directed at his language than yours), while that may not be the way to run a business, for anyone with those kind of means to use the argument that they have “no choice” BUT to lay off people, when they clearly do have not only a choice, but an alternative, is *outrageous*. Fire people to sustain profitability, fine. ALL for it. No sweat off my erectile dysfunctional back.
      But don’t play the role of victimized, hands-tied-behind-the-back billionaire. If anything, the kind of statements he’s making will do the opposite and rally the populist vote.

      12 years ago at 9:19 am
    12. Al Capone

      Bone Padre gets it. This guy is a chode for trying to make his employees believe they have it better than him. Maid vs. Owner of the Company? Who gives a fuck if he works 80 hours a week instead of 40…not me. I am pretty sure their benefits and vacation plans are null in comparison to his. 90,000 sq. ft is ridiculous for a home. If he is serious about providing more jobs in his company and so on, if his taxes were lower, then maybe he should just build a smaller fucking house.

      Fuck. David. Siegel.

      12 years ago at 9:44 am
    13. Virginia Gentleman

      You guys, like so many others, are getting hung up on the fact that he is he’s incredibly wealthy and building a gigantic house. I don’t think he’s trying to make employees feel like they have it better than him, but instead reminding them that he works his ass off for his company and has earned what he has. Does it look great to a laid off employee that he is building a giant house? No. But that’s not the point. The point is that if the government continues to increase taxes on and take money, money that could be creating new jobs and increasing salaries and benefits, away the people in this country that DO create jobs, private free enterprise will not be sustainable. Why should he be judged for spending his hard earned money the way he wants to? I thought this was America, you guys.

      12 years ago at 10:09 am
    14. Bone Padre

      Dude, he can spend it however he wants. And btw I agree with the overall theme of what he’s saying, just not, like I said, HOW he made his point (the whole “we don’t have a choice”, black & white rhetoric), mainly because it’s going to make the poors resentful and will give libs ammo come November. No one who”ll be voting is going to feel sympathetic for this guy.

      For the sake of this being a comedy site (and really earlier comment was just a joke to make me laugh), yeah, it’s a power move. But outside of the context of this site, he can say what he believes, fine, but sometimes it’s just better to keep your mouth shut than to look like a prick. Which he does here. Whether what you’re saying is truthful or not, you gotta know your audience.


      12 years ago at 10:56 am
    15. Virginia Gentleman

      Agree. It seems you are a gentleman and a scholar. My only rebuttal would be that he probably intended this memo to be seen by just his employees, to which I conversely accept that he should have known better living in a society where nothing is private, especially when controversial. Nice debating with you, despite the ridiculous forum. You’re alright in my book, Bone Padre.

      12 years ago at 11:40 am
    16. Bobby BLOWden

      Why the hell do some people think he’s evil because he’s incredibly wealthy? He has money because he employs 7000 people and the reward of creating a successful business is wealth. Why, as a society, do we try to demonize success? Fuck that makes me so mad. Fucking lazy liberals not wanting to work and who feel entitled to the benefits of success without earning it. Hell I have like 2 grand to my name and I earned every penny of that doing the shittiest job last summer, and all that does is make me want to be successful and finish out my education so I can go out and be a job creator.

      12 years ago at 2:04 pm
    17. FrattKuchar

      “…people like me who made all the right decisions and invested in themselves.” Because 90,000 square ft mansions are always sound business decisions.

      “…I have had to stop building my dream house, cut back on all of my expenses, and take my kids out of private schools.” 90,000 square ft homes don’t come with rainy day funds? Then again, I’d probably reduce my trophy wife’s plastic surgery fund if I were in his position. As for the kids, why the hell would you want them around poors. Such horrible influences. Unless you have a Mormon-size family, of whom all are attending boarding school, you shouldn’t have to cut back in that area. Do what’s best for your kids.

      Bill Gates, Warren Buffett, and I have one major thing in common: we aren’t cutting back because our lifestyle didn’t consist of trading in the ten-car garage for a fresh one each year. There’s no need to cut back if you can actually afford your lifestyle.(Mine includes copious amounts of bourbon but the lack of reproduction palaces helps balance things out a bit.)

      12 years ago at 7:47 pm
    1. Bernanke is a Hebe

      The entire thing read to me like something that Midas Mulligan would say.

      12 years ago at 5:28 pm
  2. TwoSperriesNoSocks

    Every American needs to read this. Although firing everyone is a bit brash, he has some fantastic points that people need to realize.

    12 years ago at 7:45 pm
    1. Costa Vision

      Apparently, we have very few econ or poly sci majors on this site. He isn’t firing them to prove a point. He would be firing them to maintain a successful company. He is pointing out the fact that the tax and regulatory burdens, caused by Obama, would force him to downsize. He is giving them notice that he won’t be able to maintain his company if something doesn’t change and unfortunately, as is ALWAYS the case in business, the employees are going to take the hit if that change isn’t made. Come on guys, make your pledges take better notes during class.

      12 years ago at 9:16 am
    2. TrickleDown


      He is firing them because under Obama he would not be able to afford to keep all of them. It’s not to spite his workers, that’s ridiculous.

      12 years ago at 11:00 am
    3. Fratasuar

      I read it as if Obama is reelected he is going to be so heavily taxed that he is simply going to retire, whether that results in everyone being fired or it becoming someone else’s problem was unclear,

      12 years ago at 12:00 pm
  3. betterthanyou1500

    This is one of the most awesome things I have ever read. The only thing wrong with it is that the Constitution was written by James Madison, not Thomas Jefferson.

    12 years ago at 8:14 pm
    1. SaltwaterFrat

      And, Dorn needs to check the square footage of the current largest privately owned house.

      12 years ago at 9:41 pm
  4. WhiskeyAndBeer

    Unfortunately 60% of Americans are completely retarded and will keep voting liberals into office because they don’t understand this concept that Mr. Siegel speaks about.

    12 years ago at 8:14 pm
  5. blackoutfortheUSofA

    This guy might possibly have the worst case of little man syndrome I have ever seen.

    12 years ago at 8:25 pm
    1. TheFratFlow

      you sir are a dumbass and clearly do not understand anything going on in this article and or the world around you, please step aside and let the big boys talk.
      and btw, kill your self.

      That is all

      12 years ago at 9:05 pm
    2. GodDamnLiberals

      No, why is he a napoleon because he doesn’t want his work to pay for the lazy pieces of shit that barry wants hard working Americans to pay for?

      12 years ago at 9:13 pm
    3. Old_Fashioned

      ^ I don’t know how you guys party at your house, but dick chess is for nerds. Dick checkers – FAF.

      12 years ago at 9:06 am
  6. Cigars_n_PornStars

    Good for him. It’s his money, his company, he can do whatever the fuck he wants. Besides, this is fucking brilliant. What better way to send a message, than to fire all of your employees.

    12 years ago at 9:19 pm