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Re: Here's how an obscure tax change sank Puerto Rico's economy
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Richard Kahn Sep 26, 2017 5:32 PM
A
Alan Dlugash Sep 27, 2017 12:32 AM
To
Cc
Jeffrey E.
I've been hearing of this issue since I've become involved in Puerto Rico, though I never quite understood why those companies that were already in PR (with its lower costs and capable workforce) would necessarily leave when the tax break ended. But also significantly contributing to the economic decline was/is
enforcement of US minimum wage laws, driving employment underground - or just out
Jones Act, severely hampering trade
Bloated Government costs and policies (overpaid, underworked, too generous pensions), and
Welfare/disability culture.
Alan