Symbol of ’80s Greed Stands to Profit From Trump Tax Break for Poor Areas

3/2/2020

This New York Times article discusses the involvement of Michael Milken, a controversial financier known for his role in the 1980s junk bond market, in the Trump administration's Opportunity Zones program. The program aims to promote investment in economically disadvantaged areas by providing tax incentives for investors. The article explores Milken's push to have the opportunity zone rules changed to benefit his investments, as well as the criticism he has faced for his past legal troubles. It also examines the potential conflicts of interest arising from Milken's connections with the Trump administration and his influence over the program. The article offers a comprehensive analysis of the complexities and controversies surrounding Milken's involvement in the Opportunity Zones program.

finance ꞏ tax breaks ꞏ social impact ꞏ donald trump ꞏ community development ꞏ socioeconomics ꞏ economic policy ꞏ real estate ꞏ financial regulation ꞏ corporate governance ꞏ business ꞏ market dynamics ꞏ economic justice ꞏ venture capital ꞏ public-private partnerships ꞏ social entrepreneurship ꞏ corporate finance ꞏ social change ꞏ financial industry ꞏ wall street ꞏ private equity ꞏ government programs ꞏ capitalism ꞏ opportunity zones ꞏ wealth redistribution ꞏ economic impact ꞏ asset management ꞏ tax reform ꞏ economic development ꞏ economic growth ꞏ economic empowerment ꞏ wealth creation ꞏ investment strategies ꞏ philanthropy ꞏ investment ꞏ urban revitalization ꞏ high-yield bonds ꞏ financial markets ꞏ economic opportunity ꞏ economic mobility ꞏ economic inequality ꞏ investment banking ꞏ entrepreneurship ꞏ tax incentives ꞏ michael milken