Mustang Ranch, Chicken Dance or What?
Here’s what happened. As a result of losing a federal case for racketeering and fraud in 1999, the Mustang Ranch, a legal brothel near Reno, Nevada, was forfeited to the federal government. The Mustang Ranch was the first brothel in Nevada to be licensed. It was by far and away the biggest legal brothel as measured by annual revenue. At that time, its revenues reportedly were greater than the combined revenues of all the other legal brothels in Nevada. In 2002, a mere three years later, the assets of the Mustang Ranch including its paintings, its furniture, its accessories, etc. were auctioned off by the federal government. In fact, the bar stools, the beds and bedding, the bidets and the room numbers were auctioned off in an attempt to recover the former owner’s back taxes. Ultimately, the government got creative and put the Mustang Ranch up for bid on eBay where it sold for the grand sum of $145,100. It has since been reopened by the successful bidder.
The point here is that if the federal government could not make a go of a legal business entity whose principal products were prostitution and liquor, what is their real motive for getting into the banking, automotive and health care industries? It certainly can’t be profit motivated! Are we now looking at using our taxpayer dollars on a continuing basis to provide ongoing bailouts to industries where the federal government has increased their involvement and gained more control? Is this the beginning of another giant chicken dance, where we the taxpayers are being dragged to the dance floor involuntarily, or is it something more in line with what used to go on at the Mustang Ranch?
From where I sit, the conclusion is pretty obvious. If you cannot make money at the oldest profession in the world, you have no business running any other enterprise!
