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OpEdNews Op Eds    H4'ed 11/27/19

Trump Gave Yacht Owners An Anti-Poverty Tax Break

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An opulent superyacht marina should obviously not qualify for government help. But money talks.


(Image by Scott Smith (SrisonS)/Flickr)   Details   DMCA

Breaking news: Donald Trump inadvertently said something true! He recently exulted that his special tax incentives to spur investment in poverty projects have gone "beyond anything that anybody... even thought."

So true! His "Opportunity Zone" tax breaks are financing such "anti-poverty" projects as a "superyacht marina" on the toney waterfront of West Palm Beach, Florida. Who would've thought?

Rybovich, this project is a "luxurious resort-style" marina that will accommodate the $100-million, football-field-sized yachts of the superrich. Not your typical poverty zone.

 

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Jim Hightower is an American populist, spreading his message of democratic hope via national radio commentaries, columns, books, his award-winning monthly newsletter (The Hightower Lowdown) and barnstorming tours all across America.

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