Steve Wynn proposes creation of 4-5 million six-figure jobs
On the Rush Limbaugh program the other day, casino mogul Steve Wynn unburdened himself of the claim that with $800-$900 billion of tax savings, (somehow supposed to all come from the state of Michigan, not sure how that works) private industry could create “four or five million jobs”.
Notwithstanding the problems with where that money would actually come from, there’s just a little problem here with the math: At the low end, dividing $800 billion by four million jobs means that Wynn is claiming that the magical wonders of private industry would be creating $200,000-per-year jobs. At the high end, dividing $900 billion by five million, it’d still mean $180,000-per-year jobs.
Does anyone seriously think that “Mr. Market” would be so magnanimous? Does anybody believe that, coming from the mouth of a guy whose entire raison d’etre is the liberation of money from consumers’ wallets in as efficient a manner as he can devise? Continue reading…
