Quote:
Originally Posted by Bladewire
$9 billion in aid and $63 billion in exports to America is not meaningless
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well letīs talk a bit about economy.
i mean away from that that puerto ricans are american citizens since more than 100 years the main income there is producing (mainly textiles) for US industries in so called tax free zones.
means that this US companies do NOT pay tax in puerto rico - import the goods for a lower price have a higher marge and higher wins IN USA because of that and pay more tax in the states.
btw. these tax free production zones are also existing on the neighbour island dominican republic an haitii.
and they where founded by US governments what did not want that their industry have to pay foreign taxes.
but the very big bomb will explode when US is not helping puerto rico because many US pension fonds have invested in puerto rican bonds.
so if puerto rico have to declare bankruptcy these pension fonds will lose A LOT of money. and now guess who will pay that.
this discussion shows one time more how few the people in the land of free economy understand about economy and the consequences of their simple and shitty ideas.
the problem in america is that a lot of people are too dumb and under-educated to understand the system what they declare as the best in the world.
i am still waiting that one of this right radical dumbfuckers explains us how to land on the moon because "america did it". BUT: NO - AMERICA has never been on the moon these where AMERICANS - but not the dumb ones !!!