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Not if Puerto Rico isn't able to tax those super-rich using them as a tax haven.
by s73v3r_ 8y ago
Not if Puerto Rico isn't able to tax those super-rich using them as a tax haven.
- caymanjim 8y agoIf they taxed them, it wouldn't be a tax haven.
- vlehto 8y agoPuerto 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 agoTrickle down economics was long ago shown to be a complete fraud.
- vlehto 8y agoYou'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.