by David Wessel ‧ RELEASE DATE: Oct. 5, 2021
A clearly articulated, maddening case study in how the rich get richer on the backs of the poor.
Want to expand a fortune? All it takes is a congressperson or two in the pocket, as this vivid account of gaming the political system amply demonstrates.
Brookings Institution economist Wessel opens with a 2013 dinner at an expensive D.C. restaurant in which a current Biden economic adviser and one from the previous administration broke bread with Sean Parker, the fallen but shameless founder of Napster and ousted first president of Facebook. Parker had two passions: to cure cancer and end poverty by making it possible for “very rich people to invest in left-behind parts of the country in exchange for a generous tax break.” Everyone Parker met warned him off trying to translate such a project into law—but, against the odds, he pulled it off by bagging politicos who passed a law in 2017 that created 8,764 “opportunity zones.” These allowed wealthy people to invest capital gains in poor census tracts and thereby lessen or eliminate their tax burden. Of course, in the Trump era, there was no oversight, and thus money went into projects that benefited the rich and areas that didn’t need economic spurring, such as rapidly gentrifying sections of the Bay Area and a Nevada industrial park that housed a Tesla plant. (One investor in the latter was Michael Milken, his name a byword for fraud, who was quite open in admitting that “he was buying land to take advantage of the tax break.”) Meanwhile, places where such tax breaks would have worked to the benefit of poor neighborhoods, such as Baltimore and Detroit, went underfunded even as the regulations got “consistently more taxpayer friendly.” Wessel allows that some investments did go to their intended targets, though most did not. Even so, opportunity zones are so popular that they’re unlikely to go away, since “once launched, government programs and tax breaks tend to persist.”
A clearly articulated, maddening case study in how the rich get richer on the backs of the poor.Pub Date: Oct. 5, 2021
ISBN: 978-1-5417-5719-6
Page Count: 352
Publisher: PublicAffairs
Review Posted Online: Aug. 10, 2021
Kirkus Reviews Issue: Sept. 1, 2021
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BOOK REVIEW
by David Wessel
BOOK REVIEW
by Bob Davis & David Wessel
by Paul Kalanithi ‧ RELEASE DATE: Jan. 19, 2016
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
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New York Times Bestseller
Pulitzer Prize Finalist
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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PERSPECTIVES
by Omar El Akkad ‧ RELEASE DATE: Feb. 25, 2025
A philosophically rich critique of state violence and mass apathy.
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New York Times Bestseller
National Book Award Winner
An Egyptian Canadian journalist writes searchingly of this time of war.
“Rules, conventions, morals, reality itself: all exist so long as their existence is convenient to the preservation of power.” So writes El Akkad, who goes on to state that one of the demands of modern power is that those subject to it must imagine that some group of people somewhere are not fully human. El Akkad’s pointed example is Gaza, the current destruction of which, he writes, is causing millions of people around the world to examine the supposedly rules-governed, democratic West and declare, “I want nothing to do with this.” El Akkad, author of the novel American War (2017), discerns hypocrisy and racism in the West’s defense of Ukraine and what he views as indifference toward the Palestinian people. No stranger to war zones himself—El Akkad was a correspondent in Afghanistan and Iraq—he writes with grim matter-of-factness about murdered children, famine, and the deliberate targeting of civilians. With no love for Zionism lost, he offers an equally harsh critique of Hamas, yet another one of the “entities obsessed with violence as an ethos, brutal in their treatment of minority groups who in their view should not exist, and self-decreed to be the true protectors of an entire religion.” Taking a global view, El Akkad, who lives in the U.S., finds almost every government and society wanting, and not least those, he says, that turn away and pretend not to know, behavior that we’ve seen before and that, in the spirit of his title, will one day be explained away until, in the end, it comes down to “a quiet unheard reckoning in the winter of life between the one who said nothing, did nothing, and their own soul.”
A philosophically rich critique of state violence and mass apathy.Pub Date: Feb. 25, 2025
ISBN: 9780593804148
Page Count: 224
Publisher: Knopf
Review Posted Online: Dec. 14, 2024
Kirkus Reviews Issue: Jan. 15, 2025
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