Steve Wynn Pragmatism

I will be spending time at on Thursday and Friday. Drop me a line if in Las Vegas. While on the subject of Vegas consider a great line from Steve Wynn I caught today:

Government has never increased the standard of living of one single human being in civilization’s history. For some reason that simple truth has evaded everybody. The only thing that creates an increased standard of living is giving someone a job, the demand for their labor — whether it’s you, I or anybody else. The people that are paying the price for this juggernaut of federal spending are the middle class and the working class of America. And soaring rhetoric and great speeches with or without a teleprompter aren’t going to change the truth, and the truth is: The biggest enemy, the biggest obstacle that working middle-class America has is government spending.

Spot on.

7 thoughts on “Steve Wynn Pragmatism

  1. “Government has never increased the standard of living of one single human being in civilization’s history.”

    Tell that to all the people living large in the DC suburbs!

  2. Wynn couldn’t be more wrong. GI Bill educated millions of US citizens. Ditto for Pell grants, etc. Maybe it’s time to reconsider Wynn’s brilliance since he missed such an obvious point. Then again, he probably can’t see past the front door of the casino, and you don’t need an education for most of the jobs there.

  3. The part Wynn leaves out, which I am sure he believes, is that spending money (GI Bill, government jobs in DC area) are not sustaining unless the government keeps writing checks. Clearly, his big point is that government spending money is not the same as creating a business that has consumer demand.

  4. Wynn should stick to what he knows.
    Riddle me this Batman: No spending, no services. Among those, courts, police, firefighters, patent offices, interstates, public schools etc. etc.

    Shall we defund all of the above? Starting now?

    Good luck growing an economy without those basic services.

    “Spot on.”

    Yeah right! Don’t be such a tool Michael; it takes away credibility from your business mission.

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