But that money doesn't go to Puerto Rico, it goes to Wall Street.
I certainly agree that, compared to the mainland, it is an inequity, however, it is one that eminates from Wall Street / Congress's plantation attitude toward Puerto Rico (and the Democraps willingness to go-along with the game to extend their welfare state.)
The fact remains, Puerto Ricans ARE American citizens.
As such, they are undeserving of the 2nd class status foisted upon them by Congress.
At the very least, we should assure that they have top-notch infrastructure that's suitable for their island economy.
Should they eventually choose independent status, which is their right, we would have at least fulfilled our moral obligation of establishing an infrastructure upon which they can survive and (hopefully) flourish.
We have a "moral obligation" to provide them with a top-notch infrastructure? [At some poor State's expense, like Mississippi???]
You're missing an opportunity in stand-up comedy. I'd pay good money to laugh like this, Willie.
Seriously, the American companies benefit when they repatriate their profits at a 90% tax savings. But, and this is a really big but, Puerto Rico benefits more.
Do you think they don't pay tax in Puerto Rico?
These companies buy property and build factories in Puerto Rico. [Profit and tax to PR]
Puerto Rican construction companies do the construction and they use Puerto Rican cement, too. [Jobs and taxes to PR]
These companies then start manufacturing in Puerto Rico. [More jobs and employee income tax and corporate tax paid to PR]
These companies are charged more for electrical, phone and other services, so the costs to the average Puerto Rican are reduced.
These companies have to give twice the holidays that they would in the U.S., provide health insurance and Christmas bonus is mandatory!
Even with the taxes being stolen out of our pockets some of these companies go bankrupt, because they're being gouged in Puerto Rico.
The U.S. Taxpayers lose twice on this pandering.
Do you see it, yet?