It was not even 2 hours after Steve Wynn's interview that he received a invitation from the tenants at 1600 Pennsylvania blvd, Washington , DC . 20500 wanting him to explain in person why he said what he said !!!
Below is a short interview with Steve Wynn. Some of you know of him. He's a Multi Billionaire, Hotelier and Real Estate Investor in Las Vegas, Asia and Macau . He's been a guest from time to time on all the network financial news programs.
Steve Wynn takes on Washington:
6 comments:
Can you say full of crap? The move to China is nearly 100% motivated by the HUGE market and glut of "new money". But why not take a parting shot when it's been made clear that yes, super rich guy, your taxes will go up while the working class keeps their same tax rate. And guess what rich guy, your fed. income tax hasn't been touched in two years.
And this guys admits he's gung ho about building up in China. Where's all the "communist" calling now?
9:00 Thats why Wynn got the invitation to the White House our Communist President wants in on the action.
Think big picture. This is a strong lesson in economics. Steve Wynn is going to invest, develop and create THOUSANDS of jobs, that's what he does. But guess what, now he'll be creating them overseas. Instead of sniping at him and crying about his wealth consider what our government is doing to drive him and businessmen and women just like him out of the country.
10:46, you wahoos allow these guys to full you into thinking it's taxes sending them off shore. Do the math. Cheap labor and booming demand in China (country of over 1 bil. and a newly minted "wealthy" class) provide profit potential that far outways the tax bill.
Soooo....the forever increasing taxes (used as punishment) on those who are successful have no effect on business decisions? You can't just dismiss our government's willingness to attack business. Successful businessmen are successful for a reason; and if it is too uncomfortable in the USA to run things they'll find someplace that's more agreeable. They have no duty to standby while the profits from their risk and toil are handed over to those who refuse to work. If that's the direction our country is moving, the good one's are far too smart to go along for that kind of a ride.
Who said anything about "forever increasing taxes"? The current tax proposals would slightly raise taxes on the richest while still maitaining levels below what they were during Reagan and Bush I. These businesses have you guys fooled into pulling for tax breaks that benefit them, while they still take your job overseas due to savings in labor costs (which far outweigh taxes) while leaving you over here with a lower tax bill; because now you are unemployed.
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