If we keep putting special-interest clauses in our tax codes like these 'business opportunity zones' without expecting everyone who is capable to come in and exploit them to the maximum extent possible, that is really on us.
The main intent is that they be things like machine shops and the like that supply jobs and a bit of spin of economic activity (workers go get lunch etc).
Having people work in a coworking space may not be what they had in mind, but if those people go out to lunch in the zone, mission accomplished.
You can argue if that works well or not but the tax advantage does not exist in a vacuum.
Rule of thumb: Their mouth is moving.
Although his father also trained him not to be decent or honest.
I assume you're talking about the SALT deduction? The one that mostly benefits the highest income earners?
Interesting how when people personally benefit from a tax break it's "entirely justified", but when someone else does it's a "massive special interest handout".
The average beneficiary of opportunity zones is generationally wealthy. A pair of tech workers pulling down 7 figures a year are stupidly wealthy and still would probably not have enough capital to be the primary beneficiary of an opportunity fund.
I’m not going to defend the salt deduction because I’m not a fan of it for the reasons you mention, but comparing SALT to opportunity zones is genuinely delusional.
Pitting the lower middle class against the upper middle class over a modestly regressive tax break while folks who haven’t worked in three generations pay a 0% tax rate on the fruits of others’ labor.
These investments can be as simple as opening a store. Youre putting up a straw-bogeyman that doesn’t actually exist.