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Posted on 6/11/17 at 9:37 pm to Rocco Lampone
The only way it could happen is if another state was admitted to balance politically.
Posted on 6/11/17 at 9:37 pm to Lakeboy7
quote:
They will fit right in with Arkansas, Louisiana, Miss, Alabama
All of those states contribute to the energy industry of America with a massive oil and gas industry, and also contribute sugar, rice, and build planes, boats and cars in factories everywhere, and also control major ports of trade and shipping in New Orleans and Mobile.
What does Puerto Rico have to offer besides being a sunny tropical island that's great for a vacation?
This post was edited on 6/11/17 at 9:51 pm
Posted on 6/11/17 at 9:40 pm to Tigertracks
quote:Combine the Dakotas. It's about time they settled their differences.
The only way it could happen is if another state was admitted to balance politically.
Posted on 6/11/17 at 9:49 pm to Rocco Lampone
In other news, I voted to become a millionaire today.
Posted on 6/11/17 at 9:50 pm to mmcgrath
quote:
Combine the Dakotas. It's about time they settled their differences.
And what difference would that be?
Posted on 6/11/17 at 9:51 pm to Jorts R Us
quote:
That's not a tax shelter, though. Lol
I didn't say it was. But I wasn't speaking for the other guy, I was going to the element that I felt had a far larger impact.
If you want to fixate on the tax shelter issue, in 2006 the phase out completed for a condition that was present for most of the previous 100 years: mainland businesses had to pay no taxes on income earned from segments within PR. Furthermore, (and this is still true), residents do not have to pay federal income taxes.
If that's not a potential tax shelter to exploit, I'm not sure you understand the meaning of the term.
Lol.
This post was edited on 6/11/17 at 10:00 pm
Posted on 6/11/17 at 10:05 pm to Volvagia
He mentioned tax shelter in the present tense. As you mentioned, IRC Sec 936 got phased out fully in 2006. It isn't a tax shelter today and hasn't been for a decade.
As to the residents not paying taxes, well, "no taxation without representation."
I'm not even sure what point he was trying to make. That PR got used? Hell, 936 is why the island grew.
As to the residents not paying taxes, well, "no taxation without representation."
I'm not even sure what point he was trying to make. That PR got used? Hell, 936 is why the island grew.
This post was edited on 6/11/17 at 10:06 pm
Posted on 6/11/17 at 10:57 pm to Tigertracks
quote:
The only way it could happen is if another state was admitted to balance politically.
We just need to lump the U.S. Virgin Islands in with the state of Puerto Rico and then make a new state, call it "Pacifica" or "Oceania", out of American Samoa, Guam, and the rest of the U.S. Pacific Islands that aren't part of Hawaii.
We could annex Cuba and make it a state.
We could grant statehood to D.C.
Or, we could go on a state-splitting campaign, approving partitions of one or more states like California (East and West), Texas (could be broken into as many as 5 states per its agreement to join the U.S.), Arizona (north and south), Washington (east and west), Louisiana (north and south), New York (Long Island wants to secede to form its own state), etc.
Posted on 6/12/17 at 12:25 am to Rocco Lampone
quote:
Puerto Rico votes for statehood
I voted for my membership at Augusta National.
Posted on 6/12/17 at 12:27 am to Macbeth
We have plenty of brown and poor people for you leftists to exploit. Ill pass on any more
Posted on 6/12/17 at 12:36 am to Tigertracks
PR can join...If California is split up to separate the red part of the state from socal and san fran
Posted on 6/12/17 at 6:32 am to Rocco Lampone
No thanks.
Posted on 6/12/17 at 7:13 am to Rocco Lampone
Only need six more to equal the amount of states that Barack thinks the U.S. has.
Posted on 6/12/17 at 7:50 am to Roll Tide Ravens
Puerto Rico never lobbied to be part of the US--it was taken as a spoil of war. The US government has actively suppressed independence movements in the past, going as far as allegedly torturing activists by subjecting them to radiation experiments.
IRC Sec 936 was a big fat titty full of milk that fed that island for years. The island was always artificially propped up. Clinton took away the titty and the government went crazy issuing bonds to make up the revenue shortfall as business left the island. The bond issuance craze was aided largely by the dubious underwriting practices of many a financial institution. Still, the PR government has to own that mistake. To make matters worse, the government doesnt (or at least didn't) run lean and mean.
Now the crisis has to be dealt with. PR can't declare bankruptcy as a territory but independence doesn't benefit the island either. Personally, my feelings are that you can't claim a territory, artificially prop it up, and then ignore it when you take away the incentives that were drawing business to the island because it is politically expedient to do so. I'm not sure what the answer is and I'm not arguing that statehood is deserved but I certainly understand why PR is now lobbying for it. My feelings on it don't matter, though.
At the end of the day, I fully expect this to largely get ignored, which is fine because US citizenship is the Ace in the back pocket of every Puerto Rican. They'll continue to leave the island and spread across Central Florida where they hopefully find better opportunities.
IRC Sec 936 was a big fat titty full of milk that fed that island for years. The island was always artificially propped up. Clinton took away the titty and the government went crazy issuing bonds to make up the revenue shortfall as business left the island. The bond issuance craze was aided largely by the dubious underwriting practices of many a financial institution. Still, the PR government has to own that mistake. To make matters worse, the government doesnt (or at least didn't) run lean and mean.
Now the crisis has to be dealt with. PR can't declare bankruptcy as a territory but independence doesn't benefit the island either. Personally, my feelings are that you can't claim a territory, artificially prop it up, and then ignore it when you take away the incentives that were drawing business to the island because it is politically expedient to do so. I'm not sure what the answer is and I'm not arguing that statehood is deserved but I certainly understand why PR is now lobbying for it. My feelings on it don't matter, though.
At the end of the day, I fully expect this to largely get ignored, which is fine because US citizenship is the Ace in the back pocket of every Puerto Rican. They'll continue to leave the island and spread across Central Florida where they hopefully find better opportunities.
This post was edited on 6/12/17 at 9:04 am
Posted on 6/12/17 at 8:00 am to Rocco Lampone
I don't see how any rational person could be in favor of this. They would literally contribute nothing to the union.
Posted on 6/12/17 at 8:27 am to Rocco Lampone
we have too many leach states already in the south (LA, MS, etc) - this is a hard pass
Posted on 6/12/17 at 8:29 am to Sentrius
quote:
All of those states contribute to the energy industry of America
its sad that you actually believe they contribute in any significant way
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