{"id":1793261,"date":"2023-01-03T07:19:54","date_gmt":"2023-01-03T12:19:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1793261"},"modified":"2023-01-03T07:20:06","modified_gmt":"2023-01-03T12:20:06","slug":"democrats-push-for-puerto-rico-statehood-a-terrible-idea","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-push-for-puerto-rico-statehood-a-terrible-idea\/","title":{"rendered":"Democrats\u2019 Push for Puerto Rico Statehood a Terrible Idea"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdemocrats-push-for-puerto-rico-statehood-a-terrible-idea%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1793261&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p>The House of Representatives voted in favor of \u201cPuerto Rico Status Act\u201d in mid-December, led by Rep. Ra\u00fal Grijalva (D-Ariz.).\u00a0The bill, which is largely symbolic, could be brought back to the attention of the new Congress. If signed into law, the measure could spark a drastic change to the island\u2019s economy.<\/p>\n<p>The bill would require the U.S. government to conduct a plebiscite for the island\u2019s residents, allowing them to democratically decide whether they would like Puerto Rico to become the 51st state, an independent country, or remain a commonwealth. Previous non-binding <a href=\"https:\/\/elecciones2020.ceepur.org\/Escrutinio_General_93\/index.html#en\/default\/PLEBISCITO_Resumen.xml\">referendums<\/a> A slight majority of voters now favor statehood.<\/p>\n<p>Grijalva\u2019s act received unanimous Democratic support in the House, and 16 Republicans crossed the aisle to vote in favor of the bill, including outgoing Rep. Liz Cheney (R-Wyo). Supporters of the bill <a href=\"http:\/\/v\">view<\/a> It was an important step in eradicating American colonialism.<\/p>\n<p>\u201cInvaded by the United States during the 1898 Spanish American War, Puerto Rico has remained in a state of colonial limbo that flies in the face of the anticolonial values upon which the American Republic was founded,\u201d said Rep. Nydia Vel\u00e1zquez (D-N.Y.) in a <a href=\"https:\/\/velazquez.house.gov\/media-center\/press-releases\/vel-zquez-remarks-puerto-rico-status-act\">press release<\/a> After the bill was passed in the House. \u201cThe time has come to fully decolonize Puerto Rico.\u201d<\/p>\n<p>This argument is not convincing to Yaron Brook, a Puerto Rica resident and Chairman at the Ayn Rand institute. When asked about the congresswoman\u2019s perspective, Brook told The Epoch Times, \u201cI don\u2019t buy it.\u201d<\/p>\n<p>He believes the island\u2019s inhabitants are better off today than they would have been had the United States granted them independence after the Spanish-American war in the late 1890s. Brook says that colonialism does not inherently cause evil. Instead, Brook encourages people to ask the question: \u201cAre human beings living better lives under this system or not?\u201d<\/p>\n<p>Brook, who is also a hedge fund manager based in Puerto Rico, warned that both statehood and independence could have detrimental effects on the island\u2019s economy.<\/p>\n<p>\u201cThose who want to be a state, basically want to be a state because they want more welfare,\u201d He added that welfare will make residents less productive and dependent over time. Recent study <a href=\"https:\/\/www.theepochtimes.com\/welfare-pays-more-than-regular-jobs-in-many-states-study_4939396.html\">found<\/a> Many U.S. states offer higher unemployment rates and other benefits than the national median household Income.<\/p>\n<p>Brook noted that more than 25% of Puerto Rican workers are already employed. <a href=\"https:\/\/nacla.org\/article\/government-workers-puerto-rico-case-study\">employed<\/a> By the government. \u201cThere\u2019s a bloat of bureaucracy. Real jobs need to be created here.\u201d<\/p>\n<p>Economist and fellow Puerto Rico resident Peter Schiff, founder of Euro Pacific Asset Management, echoed Brook\u2019s opposition to statehood for the island, emphasizing the added tax burden that would come with it.<\/p>\n<p>\u201cImagine owning a business in the state of Puerto Rico. 37 percent federal Income tax, 15.3 percent self-employment tax, 3.8 percent Obamacare tax, 33 percent state income tax, and an 11.5 percent sales tax,\u201d Schiff <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1603490238894071816\">wrote on Twitter<\/a>\u00a0December 15. \u201cPlus, since Puerto Rico has more debt per capita than any other state, state taxes will likely be raised.\u201d<\/p>\n<h2>Political Climate<\/h2>\n<p>Brook believes in free markets but does not believe that independence is possible given the political climate. Based on the island government\u2019s track record and the rhetoric originating from prominent secessionists, Brook believes independence would move Puerto Rico \u201cin the direction of more statism, more government intervention.\u201d<\/p>\n<p>The advocates of Puerto Rican self determination argue that there is a moral imperative.<\/p>\n<p>\u201cFor far too long, however, the people of Puerto Rico have been excluded from the full promise of American democracy and self-determination,\u201d <a href=\"https:\/\/hoyer.house.gov\/content\/hoyer-floor-remarks-puerto-rico-status-act\">said<\/a> Rep. Steny Hogue (D-Md.), speaking on the House floor in support of the bill. \u201cWe owe it to Puerto Ricans to bring an end to their island\u2019s 124-year-old status as a U.S. territory.\u201d<\/p>\n<p>Brook follows in the steps of Ayn Rand (an early 20th century philosopher and writer), but does not consider democracy an end in itself. \u201cI\u2019m not big on referendum and the people deciding,\u201d He told The Epoch Times.<\/p>\n<p>\u201cThankfully the people did not decide on the American Constitution,\u201d He also mentioned the Constitutional Convention of 1787. \u201cThey decided through representatives, but they didn\u2019t decide directly. Who knows how that vote would have gone?\u201d<\/p>\n<p>Brook suggested Puerto Rico should hold a convention on the subject.<\/p>\n<p>Brook admitted that he supports the status quo but acknowledged the pitfalls of the current governance system. While he is generally in favor of lower taxes and less regulation, Brook criticized the island\u2019s legal system for disproportionately favoring the wealthy.<\/p>\n<p>\u201cThere\u2019s a lot of tax breaks for special deals, but what they don\u2019t do is tax breaks for Puerto Ricans, which is the sad part.\u201d<\/p>\n<p><a href=\"https:\/\/www.forbes.com\/sites\/robertwood\/2022\/01\/10\/puerto-rico-tax-haven-is-alluring-but-are-there-tax-risks\/?sh=17b2dbdea838\">Zero percent<\/a> Asset holders find capital gains and dividends attractive, but over half of American assets are owned or controlled by the top 1% of the population. Average Puerto Ricans are unaffected by these tax breaks but are still required to pay the island\u2019s 10.5 percent sales <a href=\"https:\/\/www.avalara.com\/taxrates\/en\/state-rates\/puerto-rico.html\">tax<\/a>.<\/p>\n<p>\u201cDon\u2019t give me any tax advantages,\u201d Brook said. \u201cJust make it attractive for Puerto Ricans so that I want to become a Puerto Rican.\u201d<\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-liam-cosgrove\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/LiamCosgrove_WEB.jpg\" alt=\"Liam Cosgrove\"   style=\"display:none\"><\/a>\n\t\t\t\t\t<\/div>\n<p>Liam Cosgrove is an independent journalist covering finance, markets, business and trade. He received his bachelor&#8217;s degree in mathematics from the University of California\u2013Santa Barbara.<\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The House of Representatives voted in favor of \u201cPuerto Rico Status Act\u201d in mid-December, led by Rep. Ra\u00fal Grijalva (D-Ariz.).\u00a0The bill, which is largely symbolic, could be brought back to the attention of the new Congress. If signed into law, the measure could spark a drastic change to the island\u2019s economy. The bill would require &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1732864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[5458,3685,6766,6800,3688,3819,5282,6802,10441],"class_list":["post-1793261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-bongino","tag-democrats","tag-idea","tag-puerto","tag-push","tag-report","tag-rico","tag-statehood","tag-terrible"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1793261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1793261"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1793261\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1732864"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1793261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1793261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1793261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}