314 records matched your query
04230aam a2200505 i 4500 001 D9025E66227C11ECA4F9151B2FECA4DB 003 SILO 005 20211001010014 008 210314s2021 nyu b 001 0 eng 010 $a 2021005455 020 $a 154175719X 020 $a 9781541757196 035 $a (OCoLC)1237350830 040 $a LBSOR/DLC $b eng $e rda $c DLC $d OCLCO $d OCLCF $d UKMGB $d IOU $d SILO 042 $a pcc 043 $a n-us--- 082 00 $a 338.8/7 $2 23 100 1 $a Wessel, David, $e author. 245 10 $a Only the rich can play : $b how a billionaire sold Washington a bonanza for the wealthy as a way to help the poor / $c David Wessel. 246 30 $a How a billionaire sold Washington a bonanza for the wealthy as a way to help the poor 250 $a First edition. 264 1 $a New York : $b PublicAffairs, $c 2021. 300 $a vii, 337 pages ; $c 24 cm 504 $a Includes bibliographical references and index. 505 0 $a And you don't have to die -- Wizards of OZ : Sean Parker & the EIG Boys -- The brains -- Once upon a time on the Isle of Dogs -- A bill is born -- An archipelago of tax havens -- Choosing the zones -- Don't blame the players, blame the game -- So what happened on the ground? -- Portland : tax breaklandia -- Baltimore : waiting to be asked to the OZ dance -- No guardrails -- Doing good -- The bottom line. 520 $a "David Wessel's incredible tale of how Washington works -- and why the rich keep getting richer-starts when a Silicon Valley entrepreneur concocts an idea that will save money on his taxes and spins it as a way to ostensibly help poor people. He organizes and pays for an effective lobbying effort that pushes his idea into law with little scrutiny or fine-tuning by congressional or Treasury tax experts-and few safeguards against abuse. With an unbeatable pair of high-profile sponsors, bumper-sticker simplicity and deft political marketing, the Opportunity Zone became an unnoticed part of the 2017 Trump tax bill. The gold rush followed immediately thereafter. In Only the Rich Can Play, Wessel follows the money to see who profited from this plan that was supposed to spur development of blighted areas and help people out of poverty: the Mandalay Bay Hotel in Las Vegas, the Portland (Oregon) Ritz-Carlton, the Mall of America, and self-storage facilities-lucrative areas where the one percent can park money profitably and avoid capital gains taxes. And the best part: unlike other provisions for eliminating capital gains taxes (inheritance, for example) you don't have to die to take advantage of this one. Wessel provides vivid portraits of the proselytizers, political influencers, motivational speakers, consultants, real estate dealmakers, and individual money-seekers looking to take advantage of this twenty-first century bonanza. He looks at places for which Opportunity Zones were supposedly designed (Baltimore, for example) and how little money they've drawn. And he finds a couple of places (Erie, PA) where zones are actually doing what they were supposed to, a lesson on how a better designed program might have helped more left-behind places. Readers will feel outraged as Wessel gives us the gritty reality, the dark underbelly of a system tilted in favor of the few, with the many left out in the cold"-- $c Provided by publisher. 600 10 $a Parker, Sean, $d 1979- 610 10 $a United States. $t Tax Cuts and Jobs Act. 650 0 $a Enterprise zones $z United States. 650 0 $a Business enterprises $x Law and legislation $x Law and legislation $z United States. 650 0 $a Rich people $x Taxation $z United States. 650 0 $a Tax havens $z United States. 650 0 $a Economic development $x Corrupt practices $z United States. 941 $a 9 952 $l FGPD194 $d 20240515012314.0 952 $l OVUX522 $d 20231021025953.0 952 $l BOPG851 $d 20231010030118.0 952 $l BVPE851 $d 20220728010647.0 952 $l NYPE343 $d 20220506010651.0 952 $l DBPE173 $d 20220104011812.0 952 $l GBPF771 $d 20211202010805.0 952 $l GDPF771 $d 20211021010903.0 952 $l BAPH771 $d 20211001010111.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=D9025E66227C11ECA4F9151B2FECA4DB 994 $a C0 $b IOUInitiate Another SILO Locator Search