“It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here,” Wynn said in an interview with CNBC. “I’m seriously considering that and I am weighing the implications of how I engineer that.”
Now, if you’re a Las Vegan or a Nevadan, those are some scary words. Wynn is floating some kind of balloon with this comment, serious or not. And no one argues that corporate taxes are more friendly outside the United States, than in.
In a subsequent interview with Bloomberg News, Wynn said much of his desire to leave Las Vegas was because of the country’s economic direction set by Obama.
“The governmental policies in the United States of America are a damper, a wet blanket,” Wynn said. “They retard investment; they retard job formation; they retard the creation of a better life for the citizens in spite of the rhetoric of the president.”
I”m just guessing but I don’t think Wynn is a real big fan of Harry’s, either:
Senate Majority Leader Harry Reid, speaking at a press conference on banking reform, was asked about Wynn’ comments on Obama’s policies.
“I’m not going to get into a dispute with Mr. Wynn, somebody who has done so much for Las Vegas, but I will say that taxes are at an all-time low. The tax picture he complained about is just not there.”
What planet do you live on, Harry? You big dummy.
Imagine the impact on the unions if Wynn actually did move his headquarters to China. No one would be more deserving of calamity just on the merits of their voting record alone.
Read the whole article – it’s worth it – by Howard Stutz/LasVegasReview-Journal
Slide show of the beautiful new Wynn Encore Macau