Gaming icon Steve Wynn made his fortune believing in America and Las Vegas. His confidence in this city and its economy transformed the Strip, created tens of thousands of jobs and provided an elevated standard of living for untold numbers of Southern Nevadans.
But that confidence is clearly gone now, a direct result of the Obama administration's redistributionist philosophy and the ever-growing threat it presents to the private sector.
Mr. Wynn, in Macau for the opening of his hotel expansion, told CNBC Wednesday that he might move his company's headquarters from Las Vegas to China.
"The governmental policies in the United States of America are a damper, a wet blanket," Mr. Wynn said in a different interview on Bloomberg Television. "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 don't think the Las Vegas market at the moment beckons a large investment," Mr. Wynn said. "The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all."
Mr. Wynn is no partisan hack, and we hope he sticks around. But even the most economically unsophisticated taxpayer should be concerned when one of this country's most successful entrepreneurs -- and the chief executive of a publicly traded corporation -- declares that this country is no longer a good place to do business.
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