Category Archives: Puerto Rico statehood vs remaining a territorial status

 Investor Peter Schiff defends territorial status, argued that the island “would be much worse” if it were a US state

Peter Schiff points out than any of the 50 states would be happy to give up statehood since it would mean they could also escape Federal taxation.  He shows why statehood would be terrible for Puerto Rico.   Commenters explain further. … Continue reading

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Puerto Rico to hold statehood referendum

https://abcnews.go.com/International/wireStory/puerto-rico-hold-statehood-referendum-amid-disillusion-70723188 Puerto Rico to hold statehood referendum By DÁNICA COTO Associated Press Saturday, May 16, 2020 4:41PM FILE – In this July 29, 2015 file photo, the Puerto Rican flag flies in front of Puerto Rico’s Capitol in San Juan. … Continue reading

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Independence supporters reject Puerto Rico’s annexation for statehood

https://www.plenglish.com/index.php?o=rn&id=55815&SEO=independence-supporters-reject-p.-ricos-annexation Independence supporters reject Puerto Rico’s annexation San Juan, May 18 (Prensa Latina) Puerto Ricans are not willing to give up their nationality, pro-independence Senator Juan Dalmau Ramirez said when confirming that they will take the No stance in the … Continue reading

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51st State? Puerto Rico’s Statehood Poll is Driven by Political & Financial Ambitions, Scholars Say

Article says Puerto Rico Governor Wanda Vázquez’s statehood push is political posturing, meant to retain power, to help her re-election chances, knowing full well that statehood won’t be approved since DC is against it no matter the voting outcome.   A … Continue reading

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Puerto Rico’s Governor to lead negotiations on the status referendum – statehood or not

If Puerto Rico becomes a state, Federal Income taxes will apply to Puerto Rican’s income.  Not a good trade-off. https://www.elnuevodia.com/english/english/nota/governortoleadnegotiationsonthestatusreferendum-2569431 Governor to lead negotiations on the status referendum The Plebiscite Act gives Wanda Vázquez a short time to get the … Continue reading

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Statehood Would Be a Step Down for Puerto Rico, as explained by Peter Schiff in episode 257

  From the comments: Levine Levine  I still remember the story told by Peter Schiff about the Samoa Islands. Peter said the standard of living of the typical Samoan declined when Congress required Samoa business pay the Federal minimum wage. … Continue reading

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Peter Schiff, investor who moved from CT to PR for the Act 22 tax benefits, exposes selfish, misguided Puerto Rican politicians. Statehood will hurt PR, not help, by adding more taxes to its citizens. Episode 538

      Peter Schiff mentions how Puerto Rican politicians are working against the benefit of Puerto Rico and Puerto Rican citizens, when they push for statehood.   Schiff shows how Puerto Rico’s territorial status, NOT being a state, is better … Continue reading

Posted in culture and cycle of dependency, Puerto Ricans and Puerto Rico people, Puerto Rico economic crisis, Puerto Rico necessary improvements, Puerto Rico politics and government, Puerto Rico statehood vs remaining a territorial status | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment