He also has no concept of a good pancake. I love IHOP pancakes.
Let’s face it, they aren’t a gourmand delight, but that have that addictive quality White Castles or Jack in the Box Tacos have.
I watched a FOX interview with an owner of some IHOP restaurants who said Obamacare is basically going to cause him to raise his prices by 5%. He owns 10 IHOPs in Illinois and his revenue per employee is $58,000 per year and profit is 3,000 per employee per year.
The penalty for not providing health insurance under Obamacare will be $2,000 per employee and the penalty isn’t deductible, so he’ll actually have to make $2,800 additional profit per employee. Most restaurant profits per employee are similar, so Obamacare will directly cause a 5% increase in the price of eating out. And his workers still won’t have health insurance.