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    Summary of David Wessel's Only the Rich Can Play
    Summary of David Wessel's Only the Rich Can Play
    Summary of David Wessel's Only the Rich Can Play
    Ebook48 pages22 minutes

    Summary of David Wessel's Only the Rich Can Play

    By IRB Media

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    About this ebook

    Get the Summary of David Wessel's Only the Rich Can Play in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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.

    LanguageEnglish
    PublisherIRB Media
    Release dateDec 7, 2021
    ISBN9781669341819
    Summary of David Wessel's Only the Rich Can Play
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of David Wessel's Only the Rich Can Play - IRB Media

      Insights on David Wessel's Only the Rich Can Play

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 10

      Insights from Chapter 11

      Insights from Chapter 12

      Insights from Chapter 13

      Insights from Chapter 14

      Insights from Chapter 1

      #1

      The author attended the Opportunity Zone Expo in Las Vegas, a convention for people who want to invest in Opportunity Zones.

      #2

      The OZ is a federal program that allows individuals and investment funds to take advantage of low tax rates if they invest in designated distressed areas. There is no limit to how many people can participate, and the government has yet to publish guidelines on how to qualify for the tax break.

      #3

      The author was at the Opportunity Zones conference, where people of all backgrounds came together to discuss how to acquire and manage distressed properties.

      #4

      The OZ program has attracted all types of people and businesses, from investors to middlemen, looking to make money off the influx of money.

      #5

      The author attended the second day of the OZ Expo, where he met several key players in the OZ movement.

      #6

      Some of the richest people in the world are Type As, and many of them are women. While they may have inherited their wealth, they are constantly seeking new ways to grow it.

      #7

      Jimmy Rose, a real estate developer and contractor from Utah, was introduced to the world of OZs when he saw a letter from the governor designating Utah’s 46 OZs.

      #8

      The author met with a real estate investor who runs an OZ fund in Las Vegas. The investor explained how he acquires OZ properties and then sells them off after five years to

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