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This was talked about at length on Joe Rogans show by Peter Schiff: https://youtu.be/ycPr5-27vSI https://youtu.be/ycPr5-27vSI I think its a net benefit to Pue

• s73v3r_ 8y ago
  Not if Puerto Rico isn't able to tax those super-rich using them as a tax haven.
  • caymanjim 8y ago
    If they taxed them, it wouldn't be a tax haven.
  • vlehto 8y ago
    Puerto Rico now has rich consumers who pay the salaries of poor Puerto Ricans. Who then pay income tax. Small slice from a big pie is better than big slice from non-existent pie.
    • s73v3r_ 8y ago
      Trickle down economics was long ago shown to be a complete fraud.
      • vlehto 8y ago
        You're right. Money doesn't flow too easily from the most rich to the most poor without government intervention. But state finance is separate issue from that. And money flowing to the most poor would not do much to state finance, because the most poor typically are unemployed and hardly pay any taxes.
• st1ck 8y ago
  That's the one with Elon Musk. This is Schiff: https://www.youtube.com/watch?v=by1OgqQQANg https://www.youtube.com/watch?v=by1OgqQQANg. And this one too: https://www.youtube.com/watch?v=3u7kDfEtKfs https://www.youtube.com/watch?v=3u7kDfEtKfs