Puerto Rico: where its own people are moving out, and rich North Americans are moving in

Book - 12-10

 

One million Puerto Ricans have been forced to leave the island over the past ten years. It is the largest out-migration in more than sixty years.

Meanwhile, millionaire North Americans are being encouraged to move in. The US media are not trying to hide it…they’re doing it very openly. CNN Money recently announced that “There’s a Big Sale on Puerto Rican Homes.”

http://money.cnn.com/2016/02/21/investing/puerto-rico-foreclosure-crisis/index.html?iid=EL

CNN Money also proudly reports, that John Paulson has invested over a billion dollars in Puerto Rico real estate.

http://money.cnn.com/2016/02/12/investing/puerto-rico-john-paulson/?iid=EL
 
A web site called “Puerto Rico Luxury” provides real estate, tax, and shopping advice to all the new millionaires.

http://puertoricoluxury.com/
 
The New York Times joins in, with a detailed report on “Puerto Rico Luring Investors with Tax Breaks.”

http://www.nytimes.com/2014/09/07/realestate/puerto-rico-luring-buyers-with-tax-breaks.html?_r=0
 
Marketwatch repeats the NY Times pitch with “Puerto Rico Woos Rich With Hefty Tax Breaks”

http://www.marketwatch.com/story/puerto-rico-woos-rich-with-hefty-tax-breaks-2014-04-22
 
The Wall Street Journal announces that “Real Estate Investors See No Problem With Puerto Rico.”

http://www.wsj.com/articles/real-estate-investors-see-no-problem-with-puerto-rico-1405462907
 
Sotheby’s displays “Puerto Rico Luxury Real Estate.” 41 homes priced between one and eight million dollars.

http://www.sothebysrealty.com/eng/sales/pri
 
Without any apology, CNN Money lays it all out in “Why Puerto Rico Attracts Billionaires Despite Economic Woes.”

The article states that Puerto Rico “could become the next Singapore…an extremely wealthy tax haven.”

http://money.cnn.com/2015/08/05/investing/puerto-rico-tax-exemptions-billionaire/
 
THE MESSAGE IS CLEAR

As Puerto Ricans are taxed to death…losing their jobs, their homes, and their pensions…

As Puerto Ricans are forced to leave their own island…

Puerto Rico is also becoming a “tax haven” for the rich.

The entire island is changing hands.

As the old timers used to say…mas claro no canta el gallo.

 

For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos.com
 

17 Comments on “Puerto Rico: where its own people are moving out, and rich North Americans are moving in

  1. Hi there! This blog post could not be written any better!
    Looking through this post reminds me of my previous roommate!
    He always kept talking about this. I will send this information to him.
    Pretty sure he will have a good read. Thank you for sharing!

    Like

  2. Well what you guys expected, when you elect your leader?

    Like

  3. History repeating itself . The same thing happened when they first came in aided by Luis Munoz Marin.

    Like

  4. Geesh this bothers me due to the fact that
    1. Not rich
    2. I plan on moving there within this year to open up s business .

    Like

  5. The Real Facts
    Puerto Rico is (in essence, legalistically speaking) a military outpost for United States Incorporated, and the IRS operates from there:

    “Based upon all of the foregoing citations, it is obvious that all Revenue Agents and Officers work as employees of the Department of the Treasury of the Commonwealth of Puerto Rico.”

    http://www.afn.org/~govern/IRSkinny.html

    Like

  6. The Real Facts :
    Puerto Rico is (in essence, legalistically speaking) a military outpost for United States Incorporated, and the IRS operates from there:

    “Based upon all of the foregoing citations, it is obvious that all Revenue Agents and Officers work as employees of the Department of the Treasury of the Commonwealth of Puerto Rico.”

    http://www.afn.org/~govern/IRSkinny.html

    Like

  7. I lived in Puerto Rico as a child and it was a paradise, I have a lot of family living there, that could move and live anywhere they desire because of their financial position, but they remain in P.R. because they love the island and the people. If I remember correctly, if I am not correct, please tell me so, hundreds of companies from the mainland, the Estates, employed hundred of thousands Puerto Ricans, in the pharmacutical industry and other manufaturing companies, because the Federal government gave these companies tax breaks to start and operate and employ businesses in P.R. Along came Mr. Obama and all the tax breaks that these companies used to operate, employ people, invest in the Island went to the devil when Mr. Obama changed their tax status, now they are in Mexico, Ecuador, Chile, etc, more of the federal government over reac
    hing and causing disasters….

    Like

  8. I love my island. But let’s face it Puertoricans love el mantengo. If people don’t pay their taxes and their bills, the government cannot afford to pay all those who don’t. While I hate to see PR go down the drain, we need to try harder. Let’s get it together. Let’s work to get the island back in shape. That means getting our hotels and service in top shape so tourists come to see the beautiful PR AND NOT LEAVE to get better service elsewhere. Where’s our pride!

    Like

  9. No one is really “forced” to leave the island. There are only a handful of ways to come back strong from the political and fiscal abuse that Puerto Ricans caused to themselves.
    No one there wants to take responsibility! Btw the tax incentives were created, offered and submitted by the Puerto Rican politicians to save the island from total fiscal wipe out!
    Havong wealthy Americans and Puerto Ricans go live or do business on the island or export services out of the island is one of the best moves they should’ve hoped for. Any negative propaganda about this matter will seal the fate of Puerto Rico and its people who originally came in from all over the place and killed and raped Tainos! What goes around comes around. They should take full responsibility of their past actions and welcome the unique opportunity they have both to relocate freely into any other state and to welcome openly others from the states!
    Two final comments:
    1) joining the military is a voluntary act. If Puerto Rico want to do it then so be it.
    2) Puerto Rico is not being abusedby the mainland USA, it is the other way around. All you need to do is look at the amount of food stamps, and other services Puerto Rico receives and you be the judge!

    Like

  10. The per capita income will go through the roof making Puerto Rico statistically the wealthiest per capita place in the US

    Like

  11. Reblogged this on It Is What It Is and commented:
    This is the American way …. “One million Puerto Ricans have been forced to leave the island over the past ten years. It is the largest out-migration in more than sixty years.
    Meanwhile, millionaire North Americans are being encouraged to move in. The US media are not trying to hide it…they’re doing it very openly. CNN Money recently announced that “There’s a Big Sale on Puerto Rican Homes.” … screw the locals!!

    Like

  12. A citizen living outside the U.S. Is still subject to U.S. Tax laws. But Puerto Rico has a unique status as a “( so called ) U.S. Commonwealth. Residents are considered ( considered? ) U.S. Citizens, but are subject to different tax laws, which offers ( Americans ? ) Americans from the mainland a window. So let me see if I can put this into proper English. Americans from the mainland are given permission to reap the misfortunes of Americans from Puerto Rico. Now does that make sense ? That to me sounds like Mr. Domino Sugar stealing from the farmers,U.S. Government stealing 40 cents on every dollar, not being able to vote for a president, but being able to die for a country that supposedly preaches justice and Liberty for all. What am I missing here?? I don’t see anything here that comes close to justice and Liberty for all. I see an exodus of a people leaving their birth land due to an oppression of injustice and foreigners taking advantage of it. I forgot to include the Jone’s Act as another injustice. Guess what? John Wayne is not my hero does that make me un-American?

    Liked by 3 people

  13. The title here is confusing, because Puerto Rico is part of North America, as are the island countries in the Caribbean. From the context of the article I’m guessing the author meant mainland U.S. Americans, although I suppose it’s possible he or she meant North Americans from all over the continent.

    John Oliver did a good segment about the economics and politics related to this on his show a couple weeks ago. It’s disgusting what the U.S. American government conspired to do to its own territory, Puerto Rico, in cahoots with businesses, over the decades. The U.S. Congress has the power to at least partially fix this and reverse this obscene trend and they must do so as soon as possible.

    Liked by 2 people

  14. the idea is to bring into the Island a large number of English speaking/thinking people so that they can force the Island into the 51st State.

    Like

  15. A mis Hermanos Boricua – Los Llamo!

    Todos los que puedan Comprar-
    Compran!
    La Juventud “Entrepreneur” que puedan ponder un Negocio!
    Ponla!
    Y los que puedan venir de vacaciones,
    Vengan!
    Ya yo fui unos mesas atras y estoy planificando otro viaje.

    Liked by 2 people

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