“Your highness, the peasants are revolting.”

“You said it. They stink on ice.”

Every so often that old gag gets new life, this time from Steve Wynn, a billionaire casino owner. At an investor presentation, Mr. Wynn said that “rich people only like being around rich people. Nobody likes being around poor people, especially poor people.”

Because Mr. Wynn votes Republican, the media labeled this a gaffe, hoping to fuel class warfare. (Understand that gaffes can only be committed by Republicans; all Democrats are given a pass, especially Uncle Joe Biden, spiritual leader of Gaffestan.)

Examine the context of Mr. Wynn’s remarks. From CNBC.com: “This company caters to the top end of the gaming world. We’re sort of Chanel or Louis Vuitton, to use the comparison, the metaphor of the retail business. But unlike Chanel or Louis Vuitton, we are able in our business to cater to all of the market. By making our standards so high … that everybody wants to be in the building. Or to put it in a more colloquial way, rich people only like being around rich people. Nobody likes being around poor people, especially poor people. So we try and make the place feel upscale for everyone. That is to say, we cater to people who have discretion and judgment and we give them a choice and we are consistent in that.”

Sounds to me like the welcome mat is out to anybody rich or poor eager to feed a slot machine.

In other Wynn Resorts news, the company plans to replace a marginally profitable golf course with a $1.6 billion water park. This being the parched West, questions about water will arise. Apparently Mr. Wynn will cross that bridge when he gets to it. If he even needs a bridge.

Advertisements