Friday, February 26, 2010

Steve Wynn Rips Obama

Steve Wynn the Las Vegas Casino Developer, ripped The Obama Administration on his 4th Quarter conference call.  I had a chat with a very financially successful family member and he said many similar things about Obama's policies and ideals.

At some point all politicians are going to have to realize that big business and the rich are not the enemy.  Like it or not, they provide jobs and make the economy hum.

Obama, and the Democrats in general, seem to think that they can beat up and take from business all they want and give to the government worker or the poor.  That sounds nice, all flowers and puppies, but it's not reality.  

It's redistribution of wealth.  Plain and simple.

I've never been employed by a government worker or a poor person.  I have, on the other hand, been employed by wealthy people.  

I can't help but feel sorry for the wealthy every time I hear Obama target those evil rich people making over $250k per year.  Yeah, like making them pay for all Obama's out of control spending is going to work.  

The wealthy already provide most of the tax revenue, how much more can we expect them to pay?

Tax distribution

The Treasury Department in 2006 reported...the top 5% with gross income of $137,056 or more pay 57.1% (earning 33.4%), and the bottom 50% with gross income of $30,122 or less pay 3.3% (earning 13.4%).

  
The top 5% provide the Government with 57.1% of their budget, even though they only earn 33.4% of the income.  Is that enough?  Should they pay more still?  How about the freakin' Government reigning in spending?!

That got a little off topic, but check out what Wynn said.  He totally nailed it here...



3 Comments:

Blogger Peter Dengler said...

It's not like you and I did not try to tell these rich people. That's what's so frustrating about it. So many rich people were stupid and got on the Obama bandwagon.

What did they think he meant when he said, "fundamental change."

5:34 AM  
Blogger The Fu2rman said...

I don't know many rich people that got on the Obama bandwagon, only a few.

So I don't feel sorry for them, they get what they deserve.

I do feel bad for the rest that knew what was coming and couldn't do anything to stop it.

I voted for McCain, and truthfully, I don't know how much better that would have been. Probably only slightly better than Obama.

12:42 AM  
Blogger Peter Dengler said...

I hate John McCain. The country is better off with Obama, because if we're going to have an awful fucking President, it's better it's one of THEIR guys than one of our guys.

And, Obama is so bad, he is causing a national dialogue about what it means to be America. We are having a new constitutional convention of sorts, and we are deciding we want to stick with the existing Constitution.

That's great for America, and it would not have happened if Obama had not been trying to throw the Constitution into Boston Harbor.

5:18 AM  

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