Steve Wynn is more than disgusted with the Obama administration

Rush Limbaugh played a clip of Steve Wynn blasting the Obama administration in a fourth quarter conference call:

“I have more pessimism than I’ve had before, and it’s based on the political environment in which we are living today. And it definitely is impacting Las Vegas. The President of the United States hasn’t missed one single opportunity to squelch Las Vegas! We get phone calls…from chairmen who say we don’t want to appear to be profligate because Barack Obama said this or that about Las Vegas.”

“It is preposterous that businesses are under attack in the United States of America. Anybody who makes over $250,000 in the form of a personal income tax return is now, by Washington definition, a rich person, when everybody whose got a college degree knows that the personal income tax rate in the United States of America is the business tax of America! I am disgusted and angry at the apparent ignorance of the administration and the congress to recognize the fact that the individual tax rate in the United States of America is in fact the business tax of America! And if you keep banging on that, you will destroy the incentive for job formation in the United States of America! And that’s simple truth!”

“Why I’m pessimistic about Las Vegas? Because those are our customers! Those people out there hustling their businesses, and God forbid showing that they made a million dollars as a partnership or as an individual. Yeah they’re the enemy now, they’re the rich folks! Well, until we get over this America’s in for hard times. The people that are going to suffer from what is going on are the working class of America. My 15-20 thousand employees, they’re the ones that are in trouble! And until my employees get the drift of what is being done to them, America is in trouble.




  • The more people that notice this radical leftist and threat to the American dream. The quicker we can put a end to democratic controlled senate congress speaker and pres.
    The American dream is dying and they are doing their best to kill it quickly!
    Unless the new American dream is extreme taxation, no chance of success, a broke and overdebted consumer, crippling every industry they can and so on. Or maybe We should be smart, watch Jerry Springer all day and collect the entitlements that this administration is so hopeful we become dependant on!
  • Tyler
    They're making business owners uncertain about hiring and they're EXTENDING unemployment.

    HOW with THOSE ideas do they EXPECT TO REDUCE unemployment?

    I was on unemployment for ONE MONTH after I got out of the army and EVEN THAT was TOO LONG for ME...but they want to EXTEND it to 2 YEARS?

    Unemployment is MORE than MINIMUM WAGE, so WHO WOULD wanna work at McDonald's or somewhere low-paying IN-BETWEEN decent jobs when they can MAKE MORE on UNEMPLOYMENT?

    Here's the FLIPSIDE. There are SOME SMALLER business and contractors who CAN'T GET people to work for them BECAUSE they WANT the unemployment.

    This administration has NO intention on creating jobs and NEVER DID from the get go.

    The AVERAGE American is going through tough times right now, but the UNIONS GET MORE? EVERY OTHER sector of the economy is shrinking job-wise, but GOVERNMENT jobs are INCREASING? Try to tell me they're not just PUSHING for power.

    The idea that Alex Jones and many others have been harping about for YEARS is this...GLOBAL DOMINATION will NOT be acquired by FORCE. It'll be ASKED for...and ECONOMIC DESTRUCTION is EXACTLY the way that'll be done if we allow this crap to continue.

    I don't have any children and HONESTLY am SCARED to with the world spiraling downwards. I'm as uncertain about having kids as businesses are about hiring.
  • cubachi
    Steve Wynn revealed in that phone call what I bet many small to large businesses everywhere feel.
    That was amazing audio.
    Wynn pulled no punches.
  • idontremember
    Wynn could not have said it better. I see my company getting hurt every day not just by the taxes and the accounting fees I have to pay to keep track of money for the state and feds, but by the massive regulations. The regulations I might add cost us MORE than the tax in terms of actual time commitment. If all the regulations and taxes went away, and the income tax, pay roll tax, death taxes, and property taxes were to be eliminated in favor of user fees for service, (instead of arbitrary tax), the economic growth in the America would be bigger than that of anything anyone under the age of 35 has ever seen and/or been a part of. The plain facts are:

    The population is shrinking (hense the disregard for the borders)
    The people cannot pay any more taxes.
    The FED has interest rates bottomed out. (fed needs to be divested)
    Small companies cannot compete in a global market due to regulations in the US.
    Every four-year Americans seem to want to elect a king.

    That last one mentioned is perhaps our biggest problem. Each four year cycle Americans come together and watch the summer Olympics and then go and vote for someone that promises to bring them happiness and prosperity, rather the people should be voting for a person that is calm under pressure and not wanting to get involved in the inter most personal aspects of the public's lives, and hold fast to the whole of the US Constitution. (that means ALL rights not just the ones that the preverbial left or right prefer respectively).

    Wynn hit it out of the park. He directly indicts his own employees, no doubt he walks the employee parking lot and sees the bumper stickers for Obama, school levies, pro union, Reid (in the case of Nevada), and must think to himself that the accompanying attitude of the something for nothing crowd seems not to realize that he could perhaps pay them better if there were no pay roll taxes, or that they would keep more of their money if they had no property taxes, or would have better spending power if their money was not being devalued by an over spending government, etc.

    Wynn also points out correctly that the income tax is a business tax. The owners of companies pass the cost of their taxes on to the end consumer. Though having said that the market will only bear so much for a given product thus the product must be made inferior, or the business owner must eat into his/her own profits to keep the price where it will sell. This is what Wynn is talking about as well; the business owner that must eat into his/her profits to keep the price in check has not the extra money to go on vacation,(effecting hotel, airlines, car rental, tourism, etc.) buy a car, (effecting car makers, car dealers, car repair facilities, insurance companies, etc.). Buy new clothes, (effecting clothing stores, clothing manufacturers, textiles of all kinds, etc.). Paint the house, (effecting paint manufactures, painters, home improvement companies, etc.). Add the extra bathroom, (effecting plumbers, electricians, dry wallers, framers, roofers, general contractors of all kinds, etc.). Or (you know it) go and do some recreational gamming in his (or anyone else for that matter) casino.

    Wynn also points out the harm a statement from Obama can make to not just his casino, but Las Vegas as a city. Where are the media on this? Just where does an elected official get off telling companies where that can or cannot hold trade shows or conventions? Las Vegas has more to offer than casinos, it has LOTS of hotel rooms. In fact, enough rooms to accommodate larger conventions or other such trade or merchant activities.

    The larger issue he (Wynn) nails home is the fact that people really need to get over this envy of the so-called rich business owner, for those are after all his customers and by extension his employee's customers. The so-called rich business owner I would contend is nothing of the kind. Look at the hours that most if not all owners put into their respective businesses on a daily, weekly, monthly, and annual basis. Many that I know are virtual slaves to their companies not the other way around. And if at the end of the year an owner does have a profit that he/she was able to keep, and they want to go on vaction to Las Vegas, Monte Carlo, Atlantic City, Dubahi, or where ever, it's no ones business, least of all a person who has never owned a business or for that matter even worked in a private business and who only sees small businesses as the bain of the effency of the force of government. I can also safely say that even if the so-called rich business owner is there on his/her vacation, they are usually plagued by endless phone calls, sales pitches, employee "emergencies", and the stress of dealing with America's 13th worst idea: TSA.

    Quite frankly, I'm suprised he was able to keep his language clean.
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