Well said. The idea that business is waiting on Obama or taxes is total BS. Our taxes are are the lowest since the 1950s and countries like Sweden and Germany are experiencing huge growth. Nobody would accuse either of those countries of having low taxes.
Robert is 100% right: the only real question is how much companies should globalize; I.e. How much can they risk before angering their primary market and/or their prime benefactor, the USA. The choice isn't Obama or not or taxes or less, it's "how much trouble will we get in if we totally globalize". I guarantee you that's the question, not taxes or Obama. Sent from my iPad On Jul 19, 2011, at 7:20 PM, Robert Munn <cfmuns...@gmail.com> wrote: > > Our whole economic system is broken. One of the perverse results of the > current rule set is that very rich people, if they are patriotic, feel like > they are being held hostage by the US government. Wynn is a gambling man's > gambling man, so let's treat his situation as a game of high stakes poker. > From where he sits now, his options are: > > 1. stand pat > 2. go all in with the US > 3. withdraw and become a robber baron by investing profits from US markets > in Asia > > Right now, from his perspective, #2 is economic suicide, and he's right. > > The mantra of global capitalism is every man for himself. The current rules > encourage this attitude, so guys like Wynn feel they are being punished for > trying to do the right thing. If he has a case that we should lower taxes to > encourage investment and re-build the economy, he needs to stop complaining > to the politicians and make that case directly to the American people. > > > > On Tue, Jul 19, 2011 at 6:12 AM, Jerry Barnes <critic...@gmail.com> wrote: > >> >> Here's some confirmation from Steve Wynn, the CEO of casino company Wynn >> Resorts. This is an excerpt from a quarterly company conference call. >> The guy keeps making speeches about redistribution and maybe we ought to do >> something to businesses that don't invest, their 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 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. >> J >> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340610 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
