Only the Rich Can Play : How Washington Works in the New Gilded Age
Discover how political and economic elites cater to the super-rich in David Wessel's "Only the Rich Can Play: How Washington Works in the New Gilded Age." This New York Times bestselling author reveals the intricate story behind a massive tax break, initially intended to aid the poor, which ultimately benefits the wealthy and exacerbates inequality. Explore the creation of the Opportunity Zone, a little-scrutinized provision in the 2017 Trump tax bill, which bypasses congressional and Treasury tax experts with few safeguards against abuse. Wessel follows the money, illustrating how this plan, meant to spur development in blighted areas, primarily profits luxury real estate and self-storage facilities, allowing the one percent to park money and avoid capital gains taxes. The book vividly portrays the individuals and influencers who capitalized on this twenty-first-century bonanza, while also examining the few instances where zones genuinely aided left-behind places. "Only the Rich Can Play" uncovers the gritty reality of a system tilted in favor of the few. **Product Summary:** Only the Rich Can Play, David Wessel, Economy, Hardcover, English, 352 pages, PublicAffairs, 2021, ISBN 9781541757196
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Details:Only the Rich Can Play : How Washington Works in the New Gilded Age
Discover how political and economic elites cater to the super-rich in David Wessel's "Only the Rich Can Play: How Washington Works in the New Gilded Age." This New York Times bestselling author reveals the intricate story behind a massive tax break, initially intended to aid the poor, which ultimately benefits the wealthy and exacerbates inequality. Explore the creation of the Opportunity Zone, a little-scrutinized provision in the 2017 Trump tax bill, which bypasses congressional and Treasury tax experts with few safeguards against abuse. Wessel follows the money, illustrating how this plan, meant to spur development in blighted areas, primarily profits luxury real estate and self-storage facilities, allowing the one percent to park money and avoid capital gains taxes. The book vividly portrays the individuals and influencers who capitalized on this twenty-first-century bonanza, while also examining the few instances where zones genuinely aided left-behind places. "Only the Rich Can Play" uncovers the gritty reality of a system tilted in favor of the few. **Product Summary:** Only the Rich Can Play, David Wessel, Economy, Hardcover, English, 352 pages, PublicAffairs, 2021, ISBN 9781541757196
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Product Description
Discover how political and economic elites cater to the super-rich in David Wessel's "Only the Rich Can Play: How Washington Works in the New Gilded Age." This New York Times bestselling author reveals the intricate story behind a massive tax break, initially intended to aid the poor, which ultimately benefits the wealthy and exacerbates inequality. Explore the creation of the Opportunity Zone, a little-scrutinized provision in the 2017 Trump tax bill, which bypasses congressional and Treasury tax experts with few safeguards against abuse. Wessel follows the money, illustrating how this plan, meant to spur development in blighted areas, primarily profits luxury real estate and self-storage facilities, allowing the one percent to park money and avoid capital gains taxes. The book vividly portrays the individuals and influencers who capitalized on this twenty-first-century bonanza, while also examining the few instances where zones genuinely aided left-behind places. "Only the Rich Can Play" uncovers the gritty reality of a system tilted in favor of the few. **Product Summary:** Only the Rich Can Play, David Wessel, Economy, Hardcover, English, 352 pages, PublicAffairs, 2021, ISBN 9781541757196
Product Specifications
General | |
|---|---|
format | hardcover |
Language | english |
type | book |
Brand | PublicAffairs, U.S. |
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