The tax rate on wealthy Americans is at its lowest figure in over 50 years, but Steve Wynn doesn't care.
The casino magnate spoke to the press in Las Vegas yesterday and blasted President Barack Obama for his job-creating record, bringing back the misunderstood "S" word Republicans fired Obama's way during the 2008 election.
"This administration is the greatest wet blanket to business, and progress and job creation in my lifetime," Wynn said. "The guy [Obama] keeps making speeches about redistribution, and maybe we ought to do something to businesses that don't invest or hold too much money. We haven't heard that kind of talk except from pure socialists."Wynn adds that he could add 100,000 jobs to his company right now, but he won't because "the business community in this country is frightened to death of the weird political philosophy of the president of the United States."
Do you agree with Wynn's comments? Is Obama a socialist?