that is our show. see you next week. [applause] goodnight from new york. >> i am here at freedom fest the world's biggest gathering of people and tonight's topic is the american dream still achievable? the founder of wholeoods the head of the restaurant chain carl's, jr.. and the man who helped to build modern lowe's vegas and made a couple billion dollars to read it. our topic, what happened to the american dream? that is our show. tonight.

[cheers and applause] john: the phrase american dream came with a book written in the midst of the depression america is that dream of a land where life should be better and richer and fuller for everyone and for many people the dream has come true but now ayatollah something is wrong. it is no longer accessible is it suffering or alive and well? 75 percent said suffering. is that true? how many of you think is as achievable as it was before? [cheers and applause] how many of you feel not so

much? [applause] pray pessimistic. what a man who people say has lived the dream to creative for medical dash many others is called the most powerful man and lost a is. steve when -- steve steve wynn. they like you. [laughter] you are self-made multi billionaire and how did you do that? i am told the town was seedy but you built hotels that were more appealing but i would think a lot of people had that idea. >> ieas are easy but doing it is difficult. john: what was difficult? i am not a billionaire. >> first of all, having the

benefit of the fis has coeducation that i got to go to college. when my father died we were broke. >> he was in debt $350,000. >> but i had everything i needed to make of life for myself or real life not by twitter or facebook. o real life. not to a virtual was. [laughter] [applause] by all they cared to get on with it. get on with it. to hustle suitor later you get a break. i was interested to get started. john: you were a manager of a hotel. >> before that i was at the university of pennsylvania running being go --.

[laughter] i had 60 employees and i was 16 years old. with my dad died that was the only thing that was left of the family business for cry was prepared to do it i didn't know anything other than making bingo a better experience next week and the week after. john: then you were chairman of the golden nugget hotel. >> by gatt -- i got a chance to run the place it had blackjack tables and a gift shop and a parking lot. all of a sudden the chief financial answer resaw have a was put together and how works and saw that las vegas was not in the gambling business. that looks like it to me.

[laughter] >> all slot machines are anywhere. i learned about the casino people move through which they keep going and the money stays behind. [laughter] so i came into ruth to conclusions to get people through it what brings them to the casino? people come to las vegas and is a with china toward new jersey or mississippi to live life bigger than they do at home. for the environment that is well done and though lighting that is very important for every year ago you are emotionally affected by the lighting and the sound of the soundtrack is very important to. environment is everything. john: could you build that today the way you did?

>> short answer yes. we can make an argument of overregulation americans don't get a good deal with their government with h.r. is not as good as it should be. but the person who has those genes it is happening right now there are thousands of americans they're finding their groove to make it. what gets you that is inside space they never want. you have to getting it there are people in america getting it now with things going on with silicon valley john: i agree i think that includes facebook beyond twitter that crotchety old man that you trash. [laughter]

but i ask people to follow me on twitter is the american dream still alive? they say no. it stifles on entreprenuers. it would be tougher today i assume. >> a lot of things hav changed but beside facebook nd twitter which is heavily publicized one thing about social media it is about every petty talking too much [laughter] john: people should talk to each other. >> but not at the extent -- extent of afterlife exchanging what you eat. i am friendly with rupert brooke -- rock -- murdoch. >> key is my boss. >> he came to see me in the office and said you have to

have a twitter account i said why? i have no interest to share what i do every day with a group of strangers. you don't understand you can have a platform. rupert murdoch does it. i said he does not. i get up from the chair i went to my desk and picked myself on with the speed dial and got him. i said there are two guys here from twitter they tell me you have a twitter account. he said i'd do steve. [laughter] you do? and i have $247,000 -- to order 47,000 followers. i was speechless. why did you do that? is set every once in awhile i will tweet something out to. it was a check may.

see you later. and it shows i don't know what i am talking about. [laughter] john: thank you steve wynn another man who worked his way to use the top to make his company extra successful responsible for though weird sexual advertisements. >> what is more american the and a cheeseburger? this one coated with a hot dog and potato chips in the hands of an all american model in a hot tub in a pickup truck driven by the american bull rider on the aircraft carrier under the liberty as she admires the most americans take burger new act carl's, jr. >> he took over the company

that was in debt just four years later making hundreds of millions of dollars. what did you do that your predecessor did not? >> the service was bad in the restaurants were dirty. i knew the problem right away. john: were they they see? >> my second memo was the next person and answers the question was something to the effect we have always done it that way will be fired. my first memo was no more people behind the counter of less they have all their teeth. [laughter] was of a situation that needed to be addressed. that we still had a problem all the elderly people felt comfortable with parties they did not feel it was a restaurant for them. we did that with an advertising campaign to appeal to the young people so we targeted the young and hungry men.

that worked very well. john: you don't worry that the anti-discrimination in task force will set you have to hire a certain number of people with no teeth? [laughter] >> it is funny to be a lawyer myself i knew enough not to ask the legal department first. but i send it anyway. >> you started scooping ice cream. >> minimum wage and never thought i could support a family of four, up and i learned a lot about customer seice and inentory. it was the first deck of the latter. john: would pay taxes or cut bill wants but now there are new rules about the age and minimum-wage they say it is

fair you cannot pay them so little. >> i have a 68 year-old son and i love him but there is no way in the world that would pay him $12 an hour. we're this degeneration of people because we eliminated the jobs had paid them $50 an hour to scoop ice cream? how good could you be? you just can compensate somebody like that. >> how do lift everybody to $15 an hour to not have various economic problems? people and the jobs in the opportunity and the dignity they were sure that is what most of your experience but then reduce jobs.

>> the only way that you can reduce poverty an increased opportunity is economic growth the government cannot do when and there is enough economic growth to reduce poverty which is the free market capitalism. [cheers and applause] which is under attack by rebel well intended regulation and. >> shanghai's china's 63. real engaged restaurant on karl marx avenue is siberia in los angeles it takes 280.

[laughter] i can open-ai restaurant easier in berian dash california. [applause] john: what are the rules? what do they want to know? >> the permits with stoplights and plant trees two blocks away everybody on the planet once approval from the city and county and the state and federal regulatory requirements we now have the single spaced list for every restaurant reopening california that is 60 and single spaced pages is you cannot build the new wal-mart or grouchy store or office building if you cannot use the land with the regulatory process.

>> some people say it is easy for us to say it is achievable because we are white. we are white men it is different for urban and blacks and women. is it? next. cockup interstate moving is much more complicated

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the dinosaurs' extinction... got you outnumbered. don't listen to them. not appropriate. now i'm mashing these potatoes with my stick of butter... why don't you sit over here.