When a Silicon Valley entrepreneur developed a tax break intended as a way to incentivize the rich to invest in underserved communities, the idea was pushed into law with little scrutiny or

When a Silicon Valley entrepreneur developed a tax break intended as a way to incentivize the rich to invest in underserved communities, the idea was pushed into law with little scrutiny or fine-tuning and few safeguards against abuse. With an unbeatable pair of high-profile sponsors and deft political marketing, the Opportunity Zone became an unnoticed part of the 2017 Trump tax bill. In his new book Only the Rich Can Play: How Washington Works in the New Gilded Age, bestselling author David Wessel follows the money—starting from this Opportunity Zone initiative—to see who profited from the plan that was supposed to spur development of blighted areas and help people out of poverty. His findings? The Las Vegas Strip, the Portland (Oregon) Ritz-Carlton, and the Mall of America. In other words, lucrative areas where the wealthy can place their money profitably and avoid capital gains taxes. Wessel provides vivid portraits of the proselytizers, political influencers, consultants, real estate dealmakers and individual money-seekers looking to take advantage of this opportunity. He looks at the cities in which the Opportunity Zone initiatives have failed, as well as a few where they have succeeded, and offers a lesson on how a better-designed program might have helped more left-behind places. Join us as David Wessel, offers an in-depth analysis of the bill he faults with keeping the rich richer—revealing the gritty reality of a system tilted in favor of a few while leaving many out in the cold. NOTES Photo by Jay Mallin. OCTOBER 19, 2021 SPEAKERS David Wessel Senior Fellow and Director of the Hutchins Center on Fiscal and Monetary Policy, Brookings Institution; Author, Only the Rich Can Play: How Washington Works in the New Gilded Age; Twitter @davidmwessel In Conversation with Lenny Mendonca Former Chief Economic and Business Advisor, State of California; Member, Commonwealth Club Board of Governors 💯SUBSCRIBE for more VIDEOS: https://www.youtube.com/user/commonwealthclub 📆 UPCOMING EVENTS: https://www.commonwealthclub.org/events 🎉 BECOME a MEMBER: https://www.commonwealthclub.org/membership 💰 DONATE NOW: https://support.commonwealthclub.org/sslpage.aspx?pid=298 📺➕📻 Watch & Listen https://www.commonwealthclub.org/watch-listen CWC Facebook: https://www.facebook.com/thecommonwealthclub/ CWC Instagram https://www.instagram.com/cwclub/ CWC Twitter https://twitter.com/cwclub The Commonwealth Club of California is the nation's oldest and largest public affairs forum 📣, bringing together its 20,000 members for more than 400 annual events on topics ranging across politics, culture, society and the economy. Founded in 1903 in San Francisco California 🌉, The Commonwealth Club has played host to a diverse and distinctive array of speakers, from Teddy Roosevelt in 1911 to Hillary Clinton in 2010. Along the way, Martin Luther King, Ronald Reagan and Bill Clinton have all given landmark speeches at the Club.

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In this series of programs, producer Catherine Wiese from Valley FM interviews industry leaders on the Just Energy Transition plan of South Africa. Valley FM services the community of Worcester in

In this series of programs, producer Catherine Wiese from Valley FM interviews industry leaders on the Just Energy Transition plan of South Africa. Valley FM services the community of Worcester in South Africa, many of whom are descendants of Khoi and San people. Interviewees: Brandon Andrews Leon Jacobs Nonhlemu Tuma David van Wyk "Burn your village to the ground", by The Halluci Nation, used with permission.

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MC Human Rights Hall of Fame honored Dr. Bernice Sandler and in this interview she talks about her work through the years on behalf of women.

MC Human Rights Hall of Fame honored Dr. Bernice Sandler and in this interview she talks about her work through the years on behalf of women. She played a major role in the development and passage of Title IX and other laws prohibiting sex discrimination in education, and has been associated with Title IX longer than any other person. The New York Times has referred to her as the “godmother of Title IX.”

Chilly climate, not addressed by Title IX are the subtle ways women and minorities are often treated, not just women -  less contact, less praise, less....

 

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Marta Suplicy, from the Municipal Secretary of International Affairs of São Paulo City Hall, tells us how a shift to a Circular Economy would benefit the cosmopolitan city of São

Marta Suplicy, from the Municipal Secretary of International Affairs of São Paulo City Hall, tells us how a shift to a Circular Economy would benefit the cosmopolitan city of São Paulo. ------ Thank you for watching this video. The Ellen MacArthur Foundation is a UK charity working on business, learning, insights & analysis, and communications to accelerate the transition towards the circular economy. Subscribe to The Ellen MacArthur Foundation for more insightful videos -https://www.youtube.com/channel/UCQAC2otE5_agzHZPnk3mE5w?sub_confirmation=1 Find out more about our work here: www.ellenmacarthurfoundation.org Follow us online on these channels: Instagram: http://instagram.com/EllenMacArthurFoundation Facebook: http://www.facebook.com/ellenmacarthurfoundation Twitter: http://www.twitter.com/circulareconomy LinkedIn: https://www.linkedin.com/company/ellen-macarthur-foundation/ Website: http://www.ellenmacarthurfoundation.org

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Published on Oct 18, 2015

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