LEADER 00000cam  2200493Ii 4500 
001    on1269073782 
003    OCoLC 
005    20211021015505.0 
008    210924s2021    nyu      b    001 0 eng   
010      2021005455 
020    9781541757196|q(hardcover) 
020    154175719X|q(hardcover) 
035    (OCoLC)1269073782 
040    LBSOR/DLC|beng|erda|cFMG|dFMG|dOCLCO|dOCLCF|dIHV 
043    n-us--- 
049    CKEA 
050 00 HD257.5|b.W47 2021 
082 00 338.8/7|223 
100 1  Wessel, David,|eauthor. 
245 10 Only the rich can play :|bhow Washington works in the new 
       Gilded Age /|cDavid Wessel. 
250    First edition. 
264  1 New York :|bPublicAffairs,|c2021. 
264  4 |c©2021  
300    vii, 337 pages ;|c25 cm 
336    text|btxt|2rdacontent 
337    unmediated|bn|2rdamedia 
338    volume|bnc|2rdacarrier 
504    Includes bibliographical references (pages 289-321) and 
       index. 
505 0  And you don't have to die... -- Wizards of OZ : Sean 
       Parker and 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    "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"--
       |cProvided by publisher. 
600 10 Parker, Sean,|d1979- 
610 10 United States.|tTax Cuts and Jobs Act. 
650  0 Enterprise zones|zUnited States. 
650  0 Business enterprises|xTaxation|xLaw and legislation
       |zUnited States. 
650  0 Rich people|xTaxation|zUnited States. 
650  0 Tax havens|zUnited States. 
650  0 Economic development|xCorrupt practices|zUnited States. 
650  7 BUSINESS & ECONOMICS / Taxation / Corporate.|2bisacsh  
650  7 POLITICAL SCIENCE / Public Policy / Economic Policy.
       |2bisacsh  
650  7 BUSINESS & ECONOMICS / Development / Economic Development.
       |2bisacsh  
650  7 Business enterprises|xTaxation|xLaw and legislation.|2fast
       |0(OCoLC)fst00842641 
650  7 Enterprise zones.|2fast|0(OCoLC)fst00912642 
650  7 Rich people|xTaxation.|2fast|0(OCoLC)fst01097543 
650  7 Tax havens.|2fast|0(OCoLC)fst01143780 
651  7 United States.|2fast|0(OCoLC)fst01204155 
914    MID.b26893150 
914    FARM285293 
994    C0|bCKE