Steve Wynn has a net worth of $2.3 billion. What should we do with all the Steve Wynns of the country?
We asked this question yesterday at 8:00. Jimmy says we should take it from Wynn and give it to people who live paycheck to paycheck:
http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_4857.mp3
We continued the conversation this morning. My question is, once we decide that the government has a right to take Steve Wynn's money, who decides WHERE the wealth is distributed? We'd like to believe that it goes to that poor family living paycheck to paycheck, but does it?
http://media.worldnow.com/kfmbam/podcast/the_mike_slater_show_4867.mp3
http://www.youtube.com/watch?v=LTbjcKZzrmM
Here is the entire conference call transcript:
"And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems -- that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America. You bet. And until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, "Oh God, don't be attacking Obama." Well, this is Obama's deal, and it's Obama that's responsible for this fear in America. The guy keeps making speeches about redistribution, and maybe we ought to do something to businesses that don't invest or holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government, and there's no need to soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs."
Calvin Coolidge,
"No matter what any one may say about making the rich and the corporations pay the taxes, in the end they come out of the people who toil. It is your fellow workers who are ordered to work for the Government every time an appropriation bill is passed."
Lord Thomas Babington Macaulay, 1830:
"It is not by the intermeddling of...the omniscient and omnipotent State, but by the prudence and energy of the people, that England has hitherto been carried forward in civilization; and it is to the same prudence and the same energy that we now look with comfort and good hope."
