"The welfare of humanity is always the alibi of tyrants" - Albert Camus

Thursday, August 5, 2010

Steve Wynn: "I'll Take China Over America"

The greatest of Las Vegas casino developers speaks out on America of today and why he is moving part of his operations to Macao - for the very same reasons likes of National Federation of Independent Business and the U.S. Chamber of Commerce have been screaming out at the top of their lungs, and the estimated $2 trillion businesses are sitting on instead of investing:  Decleration of war by the Obama Administration on any business that is not a crony.

This is a nightmare scenario, especially for small to mid-sized businesses; there is no telling what else the government will do in the way of creating an anti-business environment.  Every single piece of legislation (passed and proposed) such as healthcare reform, financial reform, card check, cap and trade, and disclose act among others have done little more than undermine the real job creators of the country.

Also it is the same reason why, going forward, we will never see 4% unemployment rate in this country again unless the legislative damage done is reversed and crony capitalism abandoned in favor of free market capitalism.  We are living in a haven for crony capitalists, old school politicians, and progressive dreamers in academia and elsewhere.

I say more power to likes of Wynn.  Why anyone at all would bet on America, considering the trajectory it is on, is beyond me.

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