Author Archives: puertoriconewcomer

How’s Socialism doing in Venezeula?

Puerto Rico, Puerto Ricans, Americans, everyone should not be fooled by the Socialistic policies of politicians like Bernie Sanders, Hillary Clinton, who want to fool people by offering the most “free stuff.”   One only need examine the end result of … Continue reading

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Weak Building Code Enforcement Exacerbates Destruction in Puerto Rico

  https://www.wsj.com/articles/weak-building-code-enforcement-exacerbates-destruction-in-puerto-rico-1512475200 Weak Building Code Enforcement Exacerbates Destruction in Puerto Rico Far fewer homes on the island might have been damaged during Hurricane Maria if all of them had been built to code Pedro Deschamps helps workers hired by FEMA … Continue reading

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Legislator warns of consequences were Puerto Rico a domestic jurisdiction

If Puerto Rico becomes a domestic jurisdiction, taxes will go up, more jobs will be lost.  Silly for anyone to want to  increase the tax burden, while causing massive job losses. http://caribbeanbusiness.com/legislator-warns-of-consequences-were-puerto-rico-a-domestic-jurisdiction Legislator warns of consequences were Puerto Rico a … Continue reading

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Here’s how an obscure tax change sank Puerto Rico’s economy

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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Puerto Rico Doesn’t Want Reform

  https://www.wsj.com/articles/puerto-rico-doesnt-want-reform-1511730516 Puerto Rico Doesn’t Want Reform The Promesa law, not Hurricane Maria, is the real culprit behind the island’s troubles. Puerto Rico Electric Power Authority employees fix power lines in San Juan, Oct. 19. Photo: Xavier Garcia/Bloomberg News By … Continue reading

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Puerto Rico should choose Capitalist policies not Socialist policies

Singapore is a much better model than Venezuela. https://seeingnotseen.blogspot.ca/2017/03/what-we-can-learn-about-economics-from.html Monday, 6 March 2017 What we can Learn about Economics from Scandinavia Lately there has been a lot of talk online about how successful the Scandinavian countries are, and their success … Continue reading

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Venezuela’s Default Disaster

Puerto Rico would be in a similar situation if not for the USA Federal Government bailing them out. https://mises.org/wire/venezuelas-default-disaster Venezuela’s Default Disaster 42 Comments Tags Global EconomyMoney and BanksMoney and Banking 11/20/2017Daniel Lacalle Socialism always promises heaven and gives hell. … Continue reading

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