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Jul 28

Puerto Rico continues descent into socialist misery

Puerto Ricans enjoy many benefits from being associated with the United States. Puerto Rico’s residents are U.S. citizens and may freely move to the U.S. mainland. For years, the most productive Puerto Ricans have done so, leaving hundreds of thousands of nonworkers to pay the Island’s exorbitant tax rates.

The Island’s remaining voters have voted so constantly for pro-government, socialist politicians that the Island is now mired in hopeless desperation and misery.

While U.S. GDP has generally grown by two or three percentage points over the past two years, Puerto Rico’s per-capita GDP has actually gone down.

Now, after weeks of mass protests in the streets, socialist governor Ricardo Rossello has announced his resignation.