Have Hurricanes Wiped Out Puerto Rico Investors' Hopes?

by Pete Sepp / /

In Puerto Rico, serious steps have to be taken to remove the burden of government from the people's lives. It begins with the government winding down, through public-private partnerships, its interests in property ownership and commercial businesses, reducing regulatory red tape, and right sizing the bureaucracy. The Commonwealth's own income-, consumption-, and property-tax systems must be modernized, rationalized and made more competitive with those of its neighbors.

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