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Only the Rich Can Play audiobook
- By: David Wessel
- Narrator: Fred Berman
- Length: 8 hours 51 minutes
- Publisher: Hachette Audio
- Publish date: October 05, 2021
- Language: English
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Only the Rich Can Play Audiobook Summary
In a Winners Take All meets This Town narrative, a New York Times bestselling author tells the story of the creation of a massive tax break, in which political and economic elites attend to the care and feeding of the super-rich, and inequality compounds.
David Wessel’s incredible tale of how Washington works-and why the rich keep getting richer-starts when a Silicon Valley entrepreneur develops an idea intended as a way to help poor people that will save rich people money on their taxes. 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.
David 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 Las Vegas strip, 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. But what Wessel reveals is the gritty reality: The dark underbelly of a system tilted in favor of the few, with the many left out in the cold
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Only the Rich Can Play Audiobook Narrator
Fred Berman is the narrator of Only the Rich Can Play audiobook that was written by David Wessel
About the Author(s) of Only the Rich Can Play
David Wessel is the author of Only the Rich Can Play
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Only the Rich Can Play Full Details
| Narrator | Fred Berman |
| Length | 8 hours 51 minutes |
| Author | David Wessel |
| Publisher | Hachette Audio |
| Release date | October 05, 2021 |
| ISBN | 9781549156151 |
Subjects
The publisher of the Only the Rich Can Play is Hachette Audio. includes the following subjects: The BISAC Subject Code is Political Science, Public Policy, Economic Policy
Additional info
The publisher of the Only the Rich Can Play is Hachette Audio. The imprint is PublicAffairs. It is supplied by Hachette Audio. The ISBN-13 is 9781549156151.
Global Availability
This book is only available in the United States.
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