Posted on 09/30/2017 11:18:55 PM PDT by Oshkalaboomboom
Puetro Rico’s plight makes an excellent example for the proof of tax revenue and tax levels. The Congress could impose on PR a local income tax of, say, 9% personal and corporate with no deductions, exemptions, credits or any other modifications and replace all other Territory level taxes levied in Puerto Rico. It would drastically reduce the opportunities for corruption and would increase revenue to the government as industrial development would soar and PR’s expatriate brains would return home to partake of the vastly increased economic opportunities.
First, you can’t find a single island in the Caribbean that is thriving. Some do marginally well....mostly because of tourism. If you measured corruption throughout the Caribbean...Puerto Rico would likely rank near the top. It’s not just the government itself...it’s the island electrical company...unions...etc.
So, if one wanted to bring Puerto Rico back to some real financial gains...then you’d look at what Bill Clinton did in the mid-1990s with the 936 Act. Back in that period, the island apparel industry was booming. As 936 arrived...it destroyed two or three different industries on the island and set the stage for destroying any prosperity that existed.
Trump could do them a favor by undoing 936. But he’d have to deal with McCain who probably would be against it. Maybe he could just issue an executive order and put Clinton agenda item out of business.
Median IQ ca. 85.
It is illegal to enlist a person with an IQ of 83 or below in the armed forces.
Inbreeding has become a serious problem in P.R.
Increasing taxes increases prosperity? No, i do not buy that.
That is not increasing taxes. PR is a pretty heavily taxed jurisdiction, just with no income tax. Adding one would need to eliminate all the rest of them. A truly flat and unmodified 9% rate would be consistent and would not lend itself to corrupt trimming and sliding around it. The corruption itself is a huge tax on the people and production in Puerto Rico.
Ok that could help, i really think income tax is bad because it creates government dependance of citizens. Governments are an evil thing, look at our own. Graft and corruption on a grand scale. Really the only way to help prosperity is through a government who governs least.
No
The Caribbean is Africa over here but as you said kept Alive by tourism and geographic beauty
The ones that do the best are the whitest
St Bart’s obviously and Saba
And Caymans
The Dutch ones like curaçao and Aruba and Bonaire do ok too
Again same reason
This is true anywhere in the world
Black nations don’t prosper the same
And black areas in white nations are the worst areas
Yet it’s whites fault according to media Hollywood academia and politicians
Cause no one dare state the truth
Not even here
Face the facts - PR is a third world country.
Before the storms hit, a ride out in the country away from San Juan and the tourist enclaves would convince anyone of that fact.
Without the constant influx of US tax dollars PR wouldn’t be much different than Haiti.
Such an income tax in PR would represent a lot less government than Afflicts PR at present, at least in the tax collection department. My thought is to create a laboratory that would be an example for the USA. DC is now in charge of PR whether it desires that or not. PR is formally bankrupt and has been devastated by two hurricanes. The government there has no resources and the corruption would severely hamper the deployment of resources did it have any. The attempt to distribute aid using local truckers is proof of that. Puerto Ricans are a totally dependent population who don’t want to be helped unless they can get a “piece of the action” and get paid to accept food and medical care and the like.
A post on par with its accusation.
Good to read some objective NY brass on this matter.
So do most of the areas in the United States. Where should we start? People didn’t vote for Trump because they were happy with the Obamas, Bushes and Clintons.
What exactly did the 936 act adversely affect?
It was another one of the dozen-odd episodes under Clinton which was sold by members of both parties, but hit the working-class guy of Puerto Rico more than anyone else.
Thank you. Will read. Turning in. Gn.
I don’t know if you listen to Rush or not... Rush’s examination of the tax reform being pushed was spot on with my own thoughts. The only way for prosperity to occur is for tax rates to drop, stop altogether, or just plain go away. Income tax is contrary to our constitution. The nation of PR is not a state, we should but out. Help them now, than back away.
No !!.. Not True !
What Puerto Rico needs is to reject Socialism
And to learn that being a 'bus driver' is not a "hazardous occupation" making you eligible for social security disability payments at age 55 years old.
Puerto Rico is a perfect example of "gimme dats !"
The citizens of Puerto Rico deserve to grow up,
disavow Socialism, and escape union control of their ports,
for their own survival's sake.
The problem is that it’s too easy for the smart ones to leave.
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