Puerto Rico Economy - Page 2 of 2

Puerto Rico Economy - Page 2

And this is what happens when a Government tries to collect more and more taxes to provide more and more (Largely) unneeded services and pay for excessive pension funds. Now they are trying to get out from under the interest they owe to people who invested in them and from some of these payments. This is socialism at its absolute worst. They tax and tax and eventually they run out of other people's money. Largely because people have a choice and decide to move elsewhere where the taxes are lower… or they decide working hard just to give most of it to the Government is dumb, so they stop working hard… and this has a ripple effect of putting other people out of work.

There has to be a better way. We have to come up with a good compromise between socialism and capitalism.