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...