Re:How Puerto Rico Became a Tax Haven for the Super Rich
by throwaway5752 on Tuesday September 18, 2018 @10:46PM
(#18021280)
They waived the Jones Act after Maria, albeit briefly.
I think PR's debt problems are an order of magnitude worse than the excessive cost of shipping. They need to be a full US state, and they need federal aid to fix their balance sheet (beyond PROMESA). I think a Jones Act subsidy would be a reasonable policy to preserve a US shipbuilding industrial base while not doing so on AK, HI, PR, et al's dime.
I think PR's debt problems are an order of magnitude worse than the excessive cost of shipping. They need to be a full US state, and they need federal aid to fix their balance sheet (beyond PROMESA). I think a Jones Act subsidy would be a reasonable policy to preserve a US shipbuilding industrial base while not doing so on AK, HI, PR, et al's dime.