000			04067cam a2200481 i 4500
001			on1237350830
003			OCoLC
005			20220107150645.0
008			210314t20212021nyu b 001 0 eng
010			_a 2021005455
040			_aLBSOR/DLC _beng _erda _cDLC _dOCLCO _dOCLCF _dUKMGB _dYDX _dFMG _dIHV _dIUK _dTCH _dYUS _dOJ4 _dEAU _dNFG
015			_aGBC1C5954 _2bnb
016	7		_a020281066 _2Uk
019			_a1263813618 _a1269073782
020			_a9781541757196 _q(hardcover)
020			_a154175719X _q(hardcover)
024	8		_a40030792099
035			_a(OCoLC)1237350830 _z(OCoLC)1263813618 _z(OCoLC)1269073782
042			_apcc
043			_an-us---
092			_a338.87 _bW515
049			_aNFGA
100	1		_aWessel, David, _eauthor. _9213578
245	1	0	_aOnly the rich can play : _bhow Washington works in the new Gilded Age / _cDavid Wessel.
250			_aFirst edition.
264		1	_aNew York : _bPublicAffairs, _c2021.
264		4	_c©2021
300			_avii, 337 pages ; _c25 cm
336			_atext _btxt _2rdacontent
337			_aunmediated _bn _2rdamedia
338			_avolume _bnc _2rdacarrier
504			_aIncludes bibliographical references (pages 289-321) and index.
505	0		_aIntroduction -- 1. And you don't have to die... -- 2. Wizards of OZ : Sean Parker & the EIG Boys -- 3. The brains -- 4. Once upon a time on the Isle of Dogs -- 5. A bill is born -- 6. An archipelago of tax havens -- 7. Choosing the zones -- 8. Don't blame the players, blame the game -- 9. So what happened on the ground? -- 10. Portland: tax breaklandia -- 11. Baltimore: waiting to be asked to the OZ dance -- 12. No guardrails -- 13. Doing good -- 14. 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"-- _cProvided by publisher.
600	1	0	_aParker, Sean, _d1979-
610	1	0	_aUnited States. _tTax Cuts and Jobs Act.
650		0	_aEnterprise zones _zUnited States.
650		0	_aBusiness enterprises _xTaxation _xLaw and legislation _zUnited States.
650		0	_aRich people _xTaxation _zUnited States.
650		0	_aTax havens _zUnited States. _9183025
650		0	_aEconomic development _xCorrupt practices _zUnited States.
994			_aC0 _bNFG
999			_c340384 _d340384