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Opportunity zones are the next big thing for the super-riches of America. Opportunity zone is the tax break for the poorest cities. This tax break is another tax dollar windfall by Trump for the stinking riches.
This will not end well. This runaway wealth inequality will not end well. Great Depression will come.
THE RICH GOT FILTHY STINKING RICH PARTLY DUE TO THIS: "Since 2013, S&P 500 companies have purchased $3.5 trillion worth of shares. Part of the reason SPX is up 300% since 2008 despite NEGATIVE net flows into U.S. stock funds.."
$3.5Trillion over 5 Years! The top 0.1% received many trillion dollars in just a few years.
Here's a chart showing how buybacks vs new issuance. Since 2013, S&P 500 companies have purchased $3.5 trillion worth of shares. Part of the reason SPX is up 300% since 2008 despite NEGATIVE net flows into U.S. stock funds.. pic.twitter.com/vgLEBKimYW