Why Wynn is Right


On Rush’s site (emphasis mine): (link)

WYNN:  Government has never increased the standard of living of one single human being in civilization’s history. For some reason that simple truth has evaded everybody.  The only thing that creates an increased standard of living is giving someone a job, the demand for their labor — whether it’s you and I, Chris, or anybody else.  The people that are paying the price for this juggernaut of federal spending are the middle class and the working class of America.

Steve Wynn has created millions of jobs over his lifetime. He has provided more people with health insurance by his own efforts than Barack Obama ever could.

And he is absolutely right. Even the Governor of Michigan, a leftist if there ever was one, agreed. She knows, as everyone should, that the money that government spends comes from the pockets of people like Steve Wynn and his employees.

What is so magical about private industry that wealth is created from nothing? That is, why is it that government cannot mandate the creation of wealth? Why can government only lay down some rules and—at best—provide some services such as police and judges and jails, and private industry has to go and actually create wealth?

Because, my dear friend, wealth is simply having things you want. Marxists, communists, socialists, liberals, and progressives tend to focus on one or the other side of that equation, but fail to connect them together. They talking about having things like “health insurance”. They talk about wanting things like “medical care”. But they never, ever talk about having things you want.

That kind of system can only arise out of freedom. Give people the freedom to obtain what they want, and they will find ways to get it. And as they get the things they want—food, water, shelter, clothing, etc…—they become wealthy.

Private industry is made up of people who know how to create wealth. Creating wealth is simply this: giving people what they want. By giving people what they want, they end up with the things they themselves want.

Take Steve Wynn for instance. He goes to investors and says, “Give me some money now, and I’ll give you more later.” He takes that money and he uses it to pay people to work. Some people work managing aspects of his business, others work to build his hotels, others work to keep his hotels clean and functional, and still other work to make his customers happy. The secret is that all of these people are delivering something that is more valuable to Steve Wynn than the money he is paying them. And that valuable thing they give Steve Wynn he turns around and hands right to the customers, who are glad to impart of their hard-earned cash for it.

Steve Wynn walks away with more money than he started with, and he pays off his investors and everyone is happy. By everyone, I mean everyone. Steve Wynn gets rich, the investors get a nice return, the employees have a nice, stable job that pays well with nice benefits, there are nice hotels that dot the cities of the world, and people have nice hotels to stay at. And even if you don’t use Steve Wynn’s hotels, you know that they are out there, ready to open their doors to you on a moment’s notice.

Government does not work this way. Government doesn’t have to make people happy, except the voters, and then only once every couple of years. Government doesn’t connect people together because it’s a win-win situation like Steve Wynn does. Government takes judges and policemen and politicians and regulators and throws them, hopefully, at the scum of our society and belligerent foreign powers to duke it out in a fight to the death. We kind of like having someone else do violence in our behalf on those who refuse to participate positively in society. We’d rather have them live out the rest of their days in a jail cell, or buried six feet under in an unmarked grave. And by them I mean those people who think it’s okay to bully and lie and cheat their way to wealth.

I wish this is a lesson that everyone would internalize. We live it every day of our lives. We love its precepts. We understand that we shouldn’t force people to get married when they don’t want to, that we shouldn’t tell people who their friends can and can’t be, or what they should do with their lives. But if we somehow thing once money enters the equation, we need a strict schoolmaster with stricter methods than any public school would tolerate to make us play fair and treat each other right, we are deluding ourselves. The best government can do is punish, and we would do well to try and live our lives as far away from government as possible.


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