How Puerto Rico Became a Tax Haven for the Super Rich

Re:How Puerto Rico Became a Tax Haven for the Super Rich by topmonk on Wednesday September 19, 2018 @02:59AM (#18022310)

> This drives up local inequality

Why is this a bad thing? Last time I checked, most places love patronage from tourists (who don't pay income taxes either), and these “residents” are almost like permanent tourists.

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Re:How Puerto Rico Became a Tax Haven for the Super Rich by Atlantium on Wednesday September 19, 2018 @06:22AM (#18023182)

It's tolerated. I'm from another island tax haven and I can tell you that it's part of our culture to act welcoming and happy to see you. It's an act; anyone in any service industry can confirm this. People do this because their choices otherwise are limited.

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Re:How Puerto Rico Became a Tax Haven for the Super Rich by topmonk on Wednesday September 19, 2018 @07:46PM (#18028558)

I'm aware of this, and that's why I don't live in any of the traditional third-world "paradises". The fakeness and the bitterness of the locals is too much for me.

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Re:How Puerto Rico Became a Tax Haven for the Super Rich by syn0byte on Wednesday September 19, 2018 @10:09AM (#18024249)

"Sorry 5 'middle class' Puerto Rican families that lost your homes. A rich guy wanted a nice new big second vacation home. So here is a half sized condo at twice the price."

Why indeed?

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Re:How Puerto Rico Became a Tax Haven for the Super Rich by topmonk on Wednesday September 19, 2018 @07:48PM (#18028570)

For every rich person how many jobs are created to support them? Having cheap rent isn't going to help people if there is no work for them to do.

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