As a celebrity chef, cookbook author, and TV personality, Emeril Lagasse is one of the most well known chefs in the country, and with a net worth of about $50 million and a food empire that brings in an estimated $150 million, he’s one of the wealthiest, too. So it was surprising to hear him say at a recent event that he has “nowhere to go, really—other than broke.”
The reason? Predictably, Big Government.
“It’s becoming a very challenging industry to become a very successful average restaurateur,” continued Lagasse. “I can’t charge $300 a person in my restaurant or I would not be in business. Am I using any different ingredients? Not really. Am I using any caliber of service staff? I don’t think so. I think our service is as good or better than most places.”
“And then you add all the Obama nonsense to what it’s become in the last several years. I don’t have anything against Mr. Obama. I’m just saying the way that, you know… the government should stay out of things. […] Pretty soon, they’re going to wipe a lot of the middle restaurateurs and restaurant cooks. […] If it continues, then watch: you’re going to have high-end, and you’re going to have fast food, and you’re going to have chain restaurants.”