New Orleans Sometimes secrets are hidden in the wide open as they were recently, thanks to the daily New York Times and Wall Street Journal, both of which were offering tips for developers and real estate speculators on how to use tax incentives and tax dodges to best affect. If you ever wondered how …
Tag: developers
Opportunity Zones Open the Door to More Rip-offs of the Poor
New Orleans The Trump-McConnell-Ryan tax giveaway of 2017 is a bad penny that just keeps coming up again and again. Although it was a stupendous tax break for corporations and the rich, the president tried to disguise its real purpose by claiming it would give working- and middle-class taxpayers a break. Headlines abound now about …
Real Estate Wealth Taxes as a Anti-Gentrification Tool
New Orleans Recently I listened to an interview with a prominent local developer on WAMF in New Orleans as he was asked about gentrification. He tried to walk the line between his self-interest and progressive values. He was against displacement on one hand, but he opposed inclusionary zoning that would require developers to create affordable …