Rich people are moving to Puerto Rico and some Puerto Ricans are not happy about it
ฝัง
- เผยแพร่เมื่อ 14 เม.ย. 2021
- Coastal towns are getting gentrified and Puerto Ricans are worried they will get priced out.
Here's the full Act 20 & Act 22 study: www.ddec.pr.gov/images/Estudi...
Center for a New Economy: grupocne.org/
The story from the Center for Investigative Journalism: periodismoinvestigativo.com/2...
Video Credit:
Sotheby's International Realty
IMPAULSIVE Clips
Ryan Pineda @ryanpineda
Kristian Bob @kristianbob
Picture credit:
Erik Drost
Hi all. A few things I didn’t mention in the story:
I reached out to The 20/22 Act Society as well as PRelocate (both groups represent and work with tax incentive beneficiaries) multiple times requesting an interview and didn’t hear back.
Also, Act 20 & 22 now exist under Act 60. And Puerto Ricans can benefit from Act 20 if they set up a business that exports services.
The same things should be afforded to Puerto Rican entrepreneurs regardless. Is very unlikely to start a business that starts exporting anything out of the island right of the bat. But a start up business can grow to the point it exists or even franchises outside.
Non-Puerto Ricans can only benefit under Act 20 and the Act 20 section of Act 60 if they set up a business that exports services as well.
It’s not like Joe Schmoe can come to PR and set up a restaurant and pay 4% tax versus the neighboring restaurant run by Juan Boricua paying 30%.
The whole idea is to pull a Singapore and attract exporters to increase PR’s balance of trade and promote economic development. Someone buying a multimillion dollar house and actually living in it ends up paying many multiples of tax to the PR government than the average Boricua. There is a net loser, and its the colonial master the US Federal Government...
You also failed to mention the “Californian who bought the most expensive home on the island which is in Dorado and is a $30 MM home” is actually a Boricua born-and raised billionaire (the first) returning to the island, in part because of the Act, to promote Boricua entrepreneurship and business, Orlando Bravo: www.bravofamilyfoundation.org. Are billionaire Boricuas expected to live in lesser accomodations than other billionaires?
A lot of very convenient things left out of the video. If you want to get details speak to Annie Mustafa at the PR Science and Technology trust.
The Act 20/22 Society and Relocate do not trust reporters after being subject to multiple hit pieces. I don’t think they really talk to anyone except maybe El Vocero.
@@genegene8686
Interesting tidbit.
Still there is too many regulations, permits and licences that choke local entrepreneurs to death.
The heavy toll of permits and licenses should be lifted of all entrepreneurs that's the way of promoting business on the island.
Excellent!
@@RoyCyberPunk They are. Anyone who lives in Puerto Rico can start an Act 20 company, export services, and pay 4% corporate tax and get tax free dividends. Also, any Puerto Rican who works for an act 20 company can receive tax free dividends. Also, some of the biggest beneficiaries of tax incentives are Puerto Rican born doctors. Since moving to PR i started two business and employ over 30 people. Even though my tax rate is low, I have paid a lot of taxes here. Had I not moved here I would have paid zero taxes to Puerto Rico, and not employed anyone here. Those employees also pay taxes that would not have been paid had i not created those jobs. Local lawyers, accountants, realtors, contractors, landscapers, gardeners, personal trainers, hair stylists, waiters, event planners, retailers, etc have all benefitted from having my family as customers, as have local charities we have supported.
If puetro rico becomes a state, it will become a Hawaii. Real estate will be high and the natives will be pushed to the hills
I’m so scared of that😔💔
What if Puerto Rico looked at St knits and Nieves CBI program (citizen by investment) in combination of independence?
The gringos are already in Utuado papa.
It’s happening.
OMG I'm so scared... What's this? A vampire movie? Respect my vote !!! Puerto Rico 51st State. Statehood = IRS = "Tax Haven" Ends.
Puerto Rico 🇵🇷 will be another Mississippi, if it becomes a state. Worst than now, very poor. Think and research before voting for statehood. Not a good idea.
many puertoricans are leaving while ppl from other places come ,i aint leaving my island ,mi casita frente a la playa en Aguadilla
Sorry to ask but I wanted to know if u know a Ruben Rosado better known as (Papo) he's my dad I haven't seen him in years he from MOCA I live in Rio Grande
Sorry i dnt know him but my fam have a house in moca ,if i find something about him ill let u know
That would be cool they are known has la familia Rosado anything let me know and thanku so much
Some have to leave not wanting too... Its sad
They will only stay for 15 years, once the tax break program expires, they're gone.
You are the reason I started to really pay attention to the issues in PR. I lived in Hawaii, and the same thing will happen to PR. People always say that "this is so cheap compared to where I came from". They should wonder why itis so expensive to live in those places before coming to take over our island. Please keep up the great work.
Truly heartbreaking to see. I have family members who are suffering from these acts as we speak. Pray for Puerto Rico 🇵🇷
😂😂😂
I’m a Puerto Rican business owner who has benefitted from the economic influx. The problems in Puerto Rico were not caused by these wealthy residents but by years of corrupt and negligent government. These people have hired many business owners who were suffering for years of a depressed local economy. Restaurants, car dealers, private schools, event planning hotels etc... the list goes on and on of businesses who have flourished die to this influx. Don’t knock it if you are not one that has survived because of these new residents.
Yeah I feel like rich people moving there helps the economy. They still have to pay taxes when they spend. And they spend alot
@@kingtech7174 considering half the island doesn’t pay any taxes!! I’m shock that ppl are complaining. 4% tax on millions collected is a lot more than locals pay!
People just don't get it they are angry and they want to lash out with emotional rationalization instead of logical reasoning. It's a combination of racism against a group that they envy and are covetous of even though they've done nothing to harm them, (in the private sector you get rich and successful by providing value to others) and spend large amounts of money in the area and create jobs. The problem is the government!
While there are legitimate problems with this Law and how it affects locals, the bigger more complex issue is that Puerto Ricans have an inferiority complex created by hundreds of years of Colonialism. We have “lower-casted” ourselves, believing we’re incapable of succeeding, naturally poor, and blame our problems on others instead of using our inner brilliance, resilience, and resourcefulness to create a new economic/ political situation that doesn’t always look to a corrupt local government to solve all of our problems. The problem is the victim narrative is low hanging fruit- especially when it comes to social media. What s harder is taking a long look in the mirror.
Puerto Rico should really look into becoming independent so they can have better opinions to increase the economy
Sounds similar to what happened to the hawaiins in hawaii. The locals can't afford to live in there own homeland so they become homeless
@clot shots like what?
@clot shots interesting 🤔. The people they vote in to represent them haven't done much cuz money talks louder then the voice of the people. (In my opinion)
Obviously they didn't own land. So how were they Hawaiians in the first place?
@@JohnJohnCrusher gentrification obviously took place(money talks) .not sure what u mean bout what makes them hawaiins other then ethnicity.
😔 damn Haole. Hate them
I’m mexican and I used to live in guaynabo, I left after maria because I was still in high school but i can’t wait to go back after I graduate from college, life is just so much more slow paced and relaxed on the island and I truly miss it.
I’m Mexican and lived in PR too it’s paradise compared to the crappy as town I lived in Mexico I took my girlfriend there once she never complained about PR anymore lol
You will always be welcome.
Great video, thanks for making it easier for me to understand. Much appreciated.
Nice teaching tump up 👍
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Crypto currency is the future, investing in it will be the wisest thing to do especially with the current rise.
Making money is easier through investment, don't save money, buy assets and invest in bitcoin
21 years of economic crisis.
Our kids only know the crisis.
Our elders are tired.
And we are pissed.
And this crisis has nothing to do with the people moving to PR
🤣🤣 so funny you are.
Has to do with the people coming over 500 years of invasion!
Where so you live? Probably not in PR
I’m not pissed. Speak for yourself. Many local businesses have flourished because of this influx of money. No juegues con el arroz y habichuelas nuestros!
So have I. Still sucks for the locals...
Speak objectively.
Caparra en la casa, yes, im from P fkn R.
As a Texan, I know the feeling. Homelessness has increased in the cities from housing prices going up. And the people moving here do not respect traditions. They try to change it to the same place they left. And if there’s a historical sight or building they wanna tear it down to make a Starbucks or In-n-out. I hope they don’t California your Puerto Rico.
Yeah this is talking about a few 1000s of people total that applied for acr 60 not tens and tens and hundreds of thousands from California and Central and south America
It won’t happen especially the conservative Hispanics it ain’t gunna fly around Texas man trust me.
@@alexchavez3244 lolol mass illegal immigration would prove other wise... yes legal latin immigrants know the dangers of collectivism. Thats why the left is pushing for open boarders.
@@stevemasterson7776 it’s all about money and the California people know if they can move to Texas they can hustle Hispanics to work for chump change it’s capitalism man that’s why you see many Hispanics work but they don’t use they’re money to build a business to now work like the Jews who get all they’re money together and buy businesses.
Don't worry. Most of those people in California are from the East Coast who brought their leftist ideals to CA and ruined it. You're not getting CA in Texas as much as you think. You're getting New England.
Bianca!!!! Sooooo Boricua of you to grow that plant out of the Export Sodas can. Love it!!! Thank you for bringing some of Puerto Rico's issues to light for the world to see. The work you are doing is priceless! God bless!
My family is from Dorado, PR specifically Los Puertos. Growing up I heard stories about how my abuelo used to work for Don Fonallda and the family. He used to be their mayordomo for farms like La Julia. Dorado was beautiful for EVERYONE and still is but the divide is so unfortunate. I had to leave after H. Maria destroyed my home and haven't been back since. I wish I stayed I miss my home, my people, and the land.
Go back♡
I lived in las quintas de dorado from 1980 till1991 then moved to los puertos till 93.came to fla.been here thinkin bout going back to buy and retire.might have seen you.god bless.
This is exactly what happened in California. I was born and raised in LA and it became Impossible to live there. I moved out of CA in 2012 as taxes and home prices skyrocketed. True Californians are forced to move away as new rich people move to the state!
this happened in most cities with gentrification
Well illegals moved there middle class people didn’t wanna be by them so they raised the prices to force them away. Illegals caused it
Yes, the Californisns were being screwed on their state so they moved and invested in PR to screw another people. They didn't appreciate how CA was milking them, so they go do the same to others in PR. Shameful and hypocritical.
@@Emy53 the problem is those same Californias vote for the same democratic party that keeps fucking them in the ass and then when they leave they bring in the same disastrous tax polices with them.
Yes. It is exactly what happened there. I'm from the Bay Area and have seen it first hand in San Francisco, Oakland, and now many other parts of the state.
So true.... But where is Ricky Martin, Jlo, Fonsi, Marc Anthony and all those artists that always saying something specially about the government but not about their pockets...🤷
THANK YOU!
YOu want to give the goverment your money?
Don't put it on them to save Puerto Rico, we have to rebuild it ourselves. We have to fix the land from what colonizers did to it for food sovereignty. Go after the white billionaires, not the Puerto Ricans that managed to find success.
Reparations.
@@pianistchicks Why always have to be about race? Reparations? Im Puerto Rican and if we want to blame someone is ourselves. The mentality of give me/reparations is not the answer. What about personal responsibility? Im not counting on any of the artists they just talk when is convenience for them. They like to talk but love their mansions and their security but not for the ordinary people. Maybe some thank Muñoz Marin and the "mantengo" for PR. The mentality of the "give me" needs to change. The day I see any artist, politician sharing their money or better yet really caring with no manipulation, that day PR would be better. The same ones complaining about everything are allowing mexicans to work "las fincas" because we are too good for that.
@@sirluisray1974 nope, neither I implied that...
Bianca, you are intelligent, fearless, and very accurate in your reporting facts. As a Puerto Rican born and in Caguas and leaving the island at early age, I am so proud of you. May God bless and protect you from the evil ones!
I love your videos, not just the information which is so detailed, but all of the shooting, all of the B roll everything is edited so well. I would hope to interview you at some point because I’m starting to make videos like this soon!
This just proves in the US, try to tax the rich they will move
Yea the rich shouldn’t have to pay for everyone else’s free living that don’t want to work 😂
Dude they are RICH HUH you stupid they can't even taxes them how they want they will still stay in Puerto Rico even if they tax them high
If they do tax them high they will change area and go live somewhere else in Puerto Rico you stupid or what 😂😂😂😂😂😂😂😂😂🙄
Tax them high 😂😂😂😂😂😂😂😂😂😂 they Rich Rich they god money child 🤑🤑🤑🤑🤑💰
@Juelz D they are moving to a place where they still get the benefits as US citizens. They ain’t moving to Ireland.
@@godofthisshit Because it's a good option. There's other options outside of the US too. It makes sense for them to reap these low tax and benefits and stay in the country at the same time.
Just got back from PR couple days ago. Thinking about moving back home. This video opened my eyes to so much. Thank you!
Better go right now and sell everything to the non natives ...
Bianca - I just saw your video for the first time and I’m really impressed by your quality of video and depth on you journalism. You can be the next Jonny Harris, or more... stay on your path and thanks for your spotlight on such an important topic. Well done!
Thank you for putting these stories out for everyone to see! For so long the island has been invisible to the outside world. Keep it up! We need more people to do the same
I think that the root of this particular issue is not that the island has been invisible to the outside world, but that the island has been blind to how the rest of the world operates. 8-)
I can only reminis now.. It's 1996, im eight, family on the beach. Cabo Rojo. Mix music in the air, grill and dominoes in the back, swinging hammok with a burger in hand. I smell the ocean, I feel the sand. Puerto Rico I miss you.
i felt that in my soul
I felt that in the island, especially the mountains of Guayama...in the 70s ., 80s
“Gentrification is unavoidable”
Gentrification can be avoided in most instances if people just lived sustainably and didn’t have to be so extravagant and over the top smh 🤦🏾♀️
Start businesses!
Out compete them!!
It’s better to have a gentrified area that is 925 one. I mean objectively look at all the gentrified ones and they have a much stronger economy and much less crime than previously before meanwhile ones that don’t well often collapse economically. I mean there are dozens of cities that were straight up abanded in the United States that don’t get talked about. Just look at all of the towns that have houses that sold for one dollar why do you think that is? Because they were completely founded because of the lack of economy. People moving to another place is A part of history and it’s usually for the positive just like with the amount of illegal immigrants that come into the United States they are by far a net positive. Despite what any Trump supporter will tell you they help the country way more than they harm it. I can understand why you hate people moving into your area that you don’t know it’s how tribal humans are we are xenophobic in nature because we fear things we don’t know.
Fuck your gentrification .. I guarantee at this moment that ain't gonna happened..
@@anthonyvigil7567 you sound like a white person. You’re completely lacking in self awareness
(Investing in Bitcoin now should be in every wise individual list, in 2_3years time, you'll be ecstatic with the decision you made today.:)
Well I totally agree with you
Bitcoin will definitely hit 100k
Investment in Bitcoin is the wisest,
Bitcoin is thehe highest paying investment with the lowest barriers of entry is option trading If you know how to trade, you can make a ton of money no matter where you find yourself.
Investment is that tiny line that separates the rich from the poor.
I think an important question is “How do we help improve Puerto Rico’s economy?”
It’s ok to complain about problems, but we need solutions too.
If i am not mistaken, wr are not allowed to go bankrupt like the states can and if you want, you can look into the Jones act. That hurts us as well.
Let’s start with this. Washington needs to do a plebiscite with only 2 options: independence or statehood. Part of the issue is the colonial government. How can PR come up with solutions when they are still paying a debt and they have NO sovereignty? History has taught us that you need sovereignty for progress. No sovereignty brings corruption and lack of options to exercise power.
Solution pr independence
Remove the Jones Act, let us pay fair prices for products, that would be a start. Same goes for Hawaii, this shit is crazy. Enough.
Having friends in higher places in Puerto Rico, I can say that it is corrupt from within. Those in charge are canibilizing all of Puerto Rico to the detriment of the people. Independence would only make this worse. Statehood would likely burden the island nation in ways that are not easily seen beforehand. I think the answer is in learning to use the money that is being put into the economy by those rich who are there to lift the natives of the island up instead of handing out things to keep them down.
Did you reach out to the Mayor of Dorado for a reaction? He’s been in office for well over 20 years and has made sure rich people in that town are protected.
Lol he used to be my neighbor
@@JulianoVitiello so you would know first hand
@@ramonburgos6351 I know 1st hand I worked at the ritz as a driver (independently small business) made many connections. My grandparents sold one of the only houses in mameyal with beach acces for a nice profit. They had the property for 30 years, tore down the tiny house and built a new house 4 years ago. And they just sold their house in paseos de las olas that they bought 2 years ago for a 200k profit. The guy paid cash.
Both buyers were there for tax incentives and both payed cash. (Correction, beach ouse built 4 years ago sold fot 250k proffit too
@@JulianoVitiello good for them! The video fails to point out that these tax exemptions were put in place by local politicians over 8 years ago. This is not Logan Paul’s fault or any of the other main landers moving there.
Rich people who want to recreate what they left are doing this everywhere. It is happening where I live too. The common denominator in all of it: Locals selling out to cash in. Don't sell land and houses to these folks and it will stave it off. Simple, yes, but not easy. People are selling out everything here.
I’ll be honest. I found this channel looking for information on PR because I want to save money on my taxes. However, I’m a philanthropist at heart. Would love to take a tour of PR and learn more about how much help I can provide to the locals. I’m Mexican BTW.
Lol
I believe you're doing a great job keeping us informed of issues in Puerto Rico.
This is no issue we need more Americans in PR so we can move forward. Right now PR is a shithole. Lawless, barbarism and garbage everywhere.
@@tyruswarwick2508 You just described the South of USA. Congrats 👏
@@jeremycordero3029 it's the south of usa because of illegals and all the PRicans who moved there. Haha
Tyrus warwick Why are u hating on us Puerto Ricans? What did we ever do to u?! Can u stop being so xenophobic?! I hate how many ppl just hate on other ppl from other countries without even knowing what’s happening in that place
@@sofvpgn it's the truth. Tienen el país hecho una cloaca.
I always say when things like this exists, it’s always the politicians we vote in who passed these rules.
You like to pay taxes..
@@davidvasquezcalero1053 nobody does. These politicians are all corrupt. They allow there sneaky tax laws because nobody hold them accountable
On these last elections we massively learned there is no democracy. The votes were manipulated and stolen. PNP party celebrated victory when the numbers hadn’t even been counted.
@@prdeacon974 I own Crypto currencies and if i can find a safe haven to sell and not pay taxes there is where i'm going to.. Taxing the people is only done by the most corrupt people in the world... ..also many of these rich people are Puerto Ricans.. do you live in the island ??? who do you think owns all those businesses... You have rich P.R. dime a dozen... the very girl that posted this video wants to be rich...
@@davidvasquezcalero1053 i would do the same. I believe in a Flat tax. No need to ever file taxes. Just a flat tax. Eliminates the IRS. No need to fund their jobs, and pensions.
the shots between the mansions and locals was breathtaking. I see this so much in my country
This is scary. I feel Puerto Rico is expensive already, imagine a few years from now people are not going to be able to afford to live on the island. You will have to have high salaries to be able to live comfortably
I'd imagine it might be like Tahiti. I went there for vacation and I realized most of the citizens work for the resorts and don't make as much and grow their own food and live in shacks in some cases while the rich white europeans live in these nice houses. It was insanely expensive there and without the natives you really wouldn't be able to visit it like we do today, but much of that gentrification was because of WWII.
There is nothing to be scared of! There are a lot of Puerto Ricans that have become wealthy from.....Wait for it...... HARD WORK! WOW what a concept! These hard working Puerto Ricans are spending their money on the island! The horse and buggy days are over, get on the today bus because I guarantee you wont grab a shovel and turn the earth over on the mountain sides! The younger kids are BAGO!!!! Stop playing victim, this is what has been truly hurting Puerto Ricans! And Chuck Schumer is the biggest lying snake pendejo living in his ivory tower trying to exploit the Puerto Rican vote, he needs to worry about his New York gringo landia yuppie's! Puerto Rico and its People will always live whether Rich or Poor!! DO NOT EVER PLAY VICTIM TO NO ONE!!!
That’s the idea make Puerto Rican leave the island.
@@lillianmendret1855 Well Puerto Rico does belong to the gringos after all. I mean you wanted US citizenship there you have it. 🥴
My wife (originally from PR) and I are thinking of moving permanently to PR this year (we have family in Arecibo), and we both work in tech (from Brooklyn NY). I have a goal of teaching code, and hopefully, make that happen in the Arecibo community first.
You're deeply regret that decision. Trust me. I actually lived in Arecibo many years. Its a dump just like the rest of the country. Don't be swindled by your wife and the pretty beaches.
@@MrSupernova111 fail in order to succeed.
@@MrSupernova111 Puerto Rico nor Arecibo are Dumps! I'm glad you're gone. Plebe!😡
@@supwill i want to help. Former NASA silicon valley, UT Texas exes. Im boricua, living in Texas. Plan on expanding my company to Cidra
I left PR in the late 80s due to many reasons. Returned in 2012 to see if I could adjust to the conditions there and I couldn’t. It’s a shame that such a beautiful island/country is in such disarray and waste. Thank you for highlighting how my people there are combatting the slew of no only societal challenges but governmental failures. Loved the one about people farming in their back yards to be more self sufficient and survive!
The Mayority Of People Dont Speek English...This Is The A Real Fact...And The Goverment Corruption Is A Cáncer...
We are falling apart. :( I grew up in Puerto Rico and sadly I needed to move to USA because of the hurricane Maria. I went to visit and it was completely destroyed and different. It wasn’t the same beautiful island 😞
This is why we need statehood
Investment
Entrepreneurship
Citizens HAVE TO STOP being lazy and depending on the government for everything
Make Puerto Rico food sovereign
Yet most puerto ricans vote democrat...it makes no sense.
I left PR in 81 and came back retired I 2013 and we lasted a year only , it felt like we were living in a third world country!
I'm really sorry but PR is gone and I need good medical care , my mom died of cancer waiting for appointments months at a time. I'm good in PR2 in Kissimmee Fl.
Very informative. Fair reporting. Educational. Thank you!
I am from a small island in the US that has been taken over by wealthy people forcing out even the middle class just for they’re vacation homes or air bb’s . Driving cost of living sky high and making housing unattainable for most. This is happening all over the world. There is a lot borinquas could learn from a place like my home . Rejecting investors however is not the answer . Protecting your resources by creating zoning laws, stricter building codes , protecting your beaches and putting land into conservation are a few ways to mitigate the long term negative impacts . Positive things do come from people who bring money to your area . As populations grow land and people are constantly being exploited. We can only hope to steer the exploitation into a positive direction that will benefit all people. Better paying jobs , business opportunities, bringing more money to municipalities to improve infrastructure. These are positive things.
I moved here in 2019, because I was given a vision and now that I am here, the vision is clear for work I have to do in Aguadilla. I am so sorry that this is how the natives experience foreigners and hope I do not add to that negative experience. I don’t have two pennies to rub but I know the work will get done
Thank you, just be the difference, only one person can change it, thanks and cheers.
They're not natives, the natives were all killed off by the Spaniards they were called Taiños, the people that live in Puerto Rico are just the ones that inherited island by the original colonialists, Puerto Ricans are the same as how every white person got to America 🤷🏿♂️
@@___Truth___ The natives actually hid in the mountains, they weren't killed off. Most Puerto Ricans have 3% - 30% Indigenous Puerto Rican DNA, which is Taino.
@@___Truth___ that’s the biggest bullshit ever told by Spaniards, that taínos were dead. I love how some people go and say “If Taínos didn’t die why there aren’t any out there?” and it’s the same answer as to why there aren’t any Spaniards or any Africans here anyone, they mixed up with the rest of society eventually.
@@___Truth___ PEACE ....... what an ignorant world view to have, however what is obvious is the fact that you feed into divisional propaganda that separates you from other human families that you might have common cause and struggles with.... I truly hope u do the knowledge to the things you say cause that statement is beyond ignorant PEACE !!
In the closing segment Bianca discussed Senator Schumer's assertion that he wanted to force the PR governor to rescind Law 22. She said that this would get into the issue of Puerto Rico's "autonomy." The truth is that Puerto Rico has no autonomy except what Congress decides to give. PROMESA, Puerto Rico v Sanchez Valle, Puerto Rico v Franklin California Tax Free Trust, definitively established that Puerto Rico belongs to Congress. The junta, established by PROMESA, has power over the legislature. Puerto Rico has no autonomy, it is a colony subject to the plenary powers of Congress.
Shummer is POS, he doesn't care about PR, the POS cares about el voto de los Puertoriqueños en NY y FL
Anything that the Demorats touchs turns to shit. Look what they did to the cities in the USA.
If that happens you'll hear a sucking sound as billions leave the island for st kits lolol
Congress using their plenary powers gave PR the "commonwealth" so that Puerto Ricans manage their own affairs like any other state. And look what Puerto Ricans have accomplished, a disastrous economy and corruption ending in bankruptcy. The federals had to intervene one more time to save Puerto Rico from itself.
Schumer wants that money invested in PR to go back to the states(NY) .Many of those investor come from NY.He has no interest in solving PR issues.
Jeez, it's the same here where I live in the US. High rent is pushing lower income out. It's kind of messed up they're taking advantage of Puerto Rico like that.
The problem isn't rich ppl moving to PR. It's the Puerto Rican government. The fact that some people are still blind to this is sad.
This is so well made, thank you for this. Honestly, thank you.
I lived in Puerto Rico 25 years ago, it has always been this way. One moment, you will walk by 500k house and around the block you can buy guns and Coke.
My kind of neighborhood lol
Thanks for the cold hard truth!
That different
It's no different here in California
Just like in every city!
This is happening around the world unfortunately,, for example my daughter lives in NZ she has been there for about 20 years and the incredible rise in prices of property in this time is incredible specially around the area of Auckland . The main problem out of the country buyers paying cash for real state , and out bidding locals for homes . In a few more years it be the same in our island.
I thought I knew a lot about my homeland. But by watching your videos, I realized that I know nothing. Thank you so much for posting your videos. Keep posting and thank you.❤
I stumbled on your video because I wanted to get more content from Puerto Ricans on TH-cam. I'm very impressed and will keep following along. Thanks for doing all this research.
As a teenager, I've been trying my best to understand this entire issue. It's so unfair to everyone living in Puerto Rico. I've read some comments, and I agree. However, when you search for the "root" of the problem, you realize how Puerto Rico is stuck in a tangled web. And the main source of the problem is the goverment, education, society, you name it. But by making this type of videos, at least is out there for us to learn. Thank you and your staff for the efforts of making the video!
The colonization is the main problem. This system was forced on us.
The root of the problem is a decrepit economy by lack of entrepreneurship. The government has to import the investors because they can't get locals to risk their money in the local economy.
@@dplacers
Exactly.
The main root of the problem is America!
Damn, thanks for covering this. We don't like outsiders that much, they keep the good shit on the island while we are left to live in trash neighborhoods. Our streets are in horrible conditions. You have Pueblos like Aguadilla who are literal ghost towns, houses destroyed everywhere and abandoned. Also Privatization of our beaches is another thing that angers us. They buy OUR beaches, make them private, and we can't use them. Or they buy them, make a hotel that then never opens and land and beach is lost; bcs we can't enter private own land ofc, not even if the land is being wasted and abandoned. This country is being going down for ages and we are the ones who are forced to leave and live somewhere else bcs this Island isn't worth it for us. Which is sad, we shouldn't be forced to leave our homeland bcs there's no opportunity here at all.
Thank you for sharing!
The problems showcased in Dorado on this video are strictly a Municipal level issue, yet they've continue to elect the same Major for many years.
Exactly! They could be the Singapore of the Caribbean but choose the nepotism and corruption
@@stevemasterson7776 yes, sadly politics and religion are treated as sports over here. even if the people themselves don't notice it. thankfully the younger generations are more aware.
@@stevemasterson7776 Why did Singapore become wealthy?
@@godofthisshit Centralized long term goverment focused in economic development and the capacity to attract foreign investment and foment the creation of local enterprises through sovereign wealth funds depending on the tangible needs of the nation based on economic predictions + becoming part of global supply lines on industrial parts also they have their own money and most land is administraded through a citizens fund basically making land ownership a civil right by facilitating its aquisition. Also they do business with anyone and dont care about ideological bullshit as long as the deals usefull they didnt get super indebted through miss use of bonds/stockmarkets. Singapores acts like an International corporation with its Hq in a nation state and citizens act as the shareholders.
th-cam.com/video/WSKLrGJyELE/w-d-xo.html
Basically they did business with neighbors and expiremented with manufacturing
Puerto Rico abandoned it thinking a true total service economy is possible but that bet failed and potential was lost the Jones Act is a curse on Puerto Rico
Ever since hurricane Maria I was nervous of the gentrification becoming a reality . Now I know it was a nail in the coffin . We need to get together and buy this land outright . All our Purto Ricans in America can donate to buy as much as possible to keep it from being invaded by the colonist who we know only care about themselves . Reserve most of the land for native families and issue a fair way of economics in puerto rico . This can't go on as it has . We will turn into San Francisco but in a way worse . 30% of native people will be in prison while the rest work for the insanity of rich people law .
I live in San Francisco and I hope Puerto Ricans vote for a Government to tax these guys. These folks are not brining jobs they are just hoarding in large sums of investments to buy up everything on the cheap. Its what happen to us in San Francisco. Although lot of the rich folks are leaving, they have left a mess. City won't be the same for a while or maybe never.
🤣🤣🤣🤣🤣🤣🤣🤣
Gracias por el trabajo q haces!!!
My family has never owned a house because of many economical circumstances. So we've always lived in rented houses. What we've noticed is foreigners are even also moving to parts of the island a lot of them didn't used to move to and many of them are into real estate. If we ever have to move to another house we'll probably get super shafted soon and so I've been racing to help support my parents by getting money. It's really hard. I really don't think a lot of gringos understand how bad many of the locals have it and how doing the usual real estate schtick is really hurting. Though I will personally always believe the way real estate works isn't ideal and that housing is a right that shouldn't be taken advantage of.
Anyways the island is really not for Puertoricans and if we become a state we'll just face a lot of the same issues Hawaii faced. I am probably gonna be another number added to the list of locals that have moved out of the island to find some sort of opportunity. Which I'd rather avoid since all my family is here, I'm super into helping spread the message of independence, etc. It just sucks ya know.
This is sad and without people like you, many wouldn’t know or understand what’s going on in PR. Thanks for your work and please continue to raise awareness.
All over the world those who are well off pick a place to live according to their likes and means. Law 22 may need some amendments going forward but please avoid misinformation by conveniently interviewing those in the other side of the fence. They will never agree to anything that promotes change vs. stagnancy. Many families in PR have lived in slums or the Barrios forever. Many have worked their way out through education, vision and hard work. People move from one state to another seeking their best interests. We should also be thought to build confidence and seek out ours anywhere. My parents grew in a tough time in the 30s, their uneducated parents became educated as well as their children and grandchildren. Some have moved around to achieve our goals while others have gone and come. Try making an editorial about what makes some people prosper and what makes others cry wolf in social media to justify their shortcomings. I’m a working class person who was taught to seek knowledge and work hard as a means to be better off or take the hit of live. Still, not everyone in the world will get what they want or deserve. That’s what the democracy of live is all about.
@@dadoski1 Exactly. Like she writes the “most expensive house ever sold in Puerto Rico sold in Dorado in Puerto Rico for $30 million to a California family”, she purposefully neglects to mention the Californian is a Boricua, Orlando Bravo, who was born and raised in Mayaguez who went to the mainland for work, made billions, is actually the first PRican billionaire, and is now bringing much of his money back to PR: www.bravofamilyfoundation.org/ www.bravofamilyfoundation.org/our-team/orlando-bravo/
Everyone knows what's going on in P.R. but Puerto Rico isn't a country and never was a country. The people who get to the island and who have lived on the island have always been in transit.
@@dadoski1 I hear you. She said that she reached out to "The 20/22 Act Society as well as PRelocate" and did not heard back from them. I share your opinion on the issue of the island but not the efforts behind this short production.
Sometimes our leaders and the people behind unpopular acts do not want to come forward.
Specially in Puerto Rico.
@@dadoski1 💯
This is the first video that I’ve seen from this channel and I thoroughly enjoyed it.
This wealth gap is found on every city I have ever visited, it's just more pronounced on an island because it's an effn island!
Yeah these people should go to Detroit
That, and they don’t get the same representation as a state would…
Hi Bianca, I wondered if perhaps a petition could be started so that for every property that sells there can be a tax meant and allotted to repair roads and homes in area's more effected by poverty. The citizens should be able to share in the benefits of these property sales..
Loving your in depth research and exposing what’s really going on. I hope one day Puerto Rico can be free from all of its corruption and start becoming the strong country that we all know it can be!
Only when we get rid of the USA!
Country??
I don't actually have a problem him moving here it's money that would be going somewhere else
That money is not going to Puerto Ricans
Doesnt matter. Yall aint complaining about Monsanto destroying the land but mad about people seeking a better place for a tax break and in return goes to local stores and people
@@logstriketech6360 he doesn't have to give it to them
@@ba9628 yeah, we actually are mad about monsanto fucking up the island. you can be upset about more than one thing at a time, especially when american capitalists are using the island for profit and fucking over native puerto ricanss
He won't pay sh!t. Just like the maldito that killed the dog this week. Zalil zaveri.
Wow! tremendo trabajo Biaca, explicando la situacion que vive PR.
They're just going to turn it into another Hawaii
What a shame
If they get killed in Puerto Rico it's not our fuckn problem.
@@Caim6311 “if they get killed in Puerto Rico” what?
@@zzztriplezzz5264 theres alot of drugs, gangs, poverty and etc.
@@Caim6311 I’ve lived in Puerto Rico with my family there. Only in some places will that happen, not the whole island, and it’s not even guaranteed to happen. It’s not that likely. Most of the island is very peaceful. You should go there sometime.
Hola bianca, your research about Puerto Rico( mi isla )has motivated me to help in any way I can.I hope the government in PR are aware of this crisis and do something fast to save and preserve our people existence and better way of life.. My familys prayer's goes out to them.and to you Bianca..We got your back..Que Viva Puerto Rico y mi gente
@@MRJAMES787 The government and those who benefit from this.
Aware of the crisis? Who do you think started it?
What happened to PR is the plan to do in the U.S. too I was born and raised in PR and 30 years ago there was a mixed society with a strong middle class. Today the middle class has been pushed down and it is starting to look more like a two class society. All about who has lots of $$$. The real priviledge.
It's the same everywhere you need leaders that have a vision and you have to have leaders that understand that you need to create jobs/industries for your people to be able to live a good life. Until you get a handle on the corruption and the lack of major companies relocating/being created it will continue to be bad. It's always easy to blame the Gringo's, but sometimes you got to look in the mirror and ask "am I part of the problem or am I part of the solution"?
Inspired. Thank you for standing up for PR
Continue shedding light on disparities and inequality in Puerto RICO .
The island needs more individuals like you.
What we need is to educate the people, let them know that they have the power to make changes thru exercising their right to vote. Politicians need to understand that "WE THE PEOPLE" is who elected them and if they are not doing their job, we have the right to fired them!! We need to stand together in order to make changes!! God Bless Puerto Rico!
That's right !!! If we put those Politicians there we can also remove them like we did with Ricky Rosello !!!
We didn’t put Pierluisi up there, PNP stole the elections. The movement against them way way too big for them to have won. The numbers were different before the system crashed “mysteriously”, and we all know what happened when the votes were counted by hand.
Thank you for being the voice for those of us who don’t have one ❤️🙏🏽🇵🇷
Voice.. you mean this negative voice..
Where do you live Nick?
Respect my voice !!! Puerto Rico 51st State. Statehood = IRS = "Tax Haven" Ends.
@@maverickpolititian why do you want that? What do you gain from ending tax breaks? Seriously curious.
@@mikewilliams4947 We are US Citizens, do you understand what equality is? We the People claim the end of the colony.
Excelente reportaje. Bien documentado. Hay más tela de donde cortar, te recomiendo Blanca que siga indagando y expandiendo este tema!! Dios te bendiga siempre y no te quites...
Once again, great reporting!
My grandparents left Puerto Rico when they were young adults long ago to find new opportunities. My dad, and ultimately me as well, unfortunately did not grow up surrounded by Puerto Rican culture, or (shamefully) speaking the language. I feel blessed to be able to return to the island my grandparents left and try to connect with my heritage in a meaningful and non-exploitative way but I do worry a lot about being respectful about how I try integrating into the community of the island. I'm nowhere near wealthy enough to take advantage of the tax benefits but I am coming in with a high paying job. I am not visibly latino and the only sign one would be able to tell I'm at all Puerto Rican would be 2/3 of my names being hispanic (or if they saw my dad/grandparents) so I can only hope that I am able to be accepted on the island. I love watching your videos, Bianca, as while I know its no substitute for growing up in Puerto Rico it has definitely given me a much better understanding of the issues that Puerto Rico faces to this day. Thank you for that.
Yo soy Dominicano, todo comienza con el gobierno... nosotros tenemos que reclamar nuestra tierra. La tierra Taina es la tierra más bella del mundo y no las quieren terminar te quitar. Si RD/Haití, PR y Cuba estubieran acuerdo, sería una nación insuperable
Amén mi hermano hablastes por mil años
Muy cierto
Facts man as a Haitian and Cuban born and growing up in those countries for a few years, I despise what HT and CU presidents and governments has allowed and giving the U.S. permission to take advantage of its land and their citizens of the islands. Same for JM and DR governments for allowing the Chinese to come and start beginning to run and build their foundation on these lands too. And now currently finding PR governments are in the same position also, its really sad, because I don't ever want to see these islands become something that they are not naturally. Some people will accept and do anything for a dollar, even if it means screwing over their own native citizens of the islands.
So people with money shouldn’t move to PR to bring money and stimulate the local economy?
“Stimulate economy”, what a joke. Bringing capital to make capital for foreign investment actually does zero benefit for Puerto Rico, at the contrary, Small LOCAL businesses go broke. We don’t want you here and please stay out
@@joseenrique6491 Well stop taking money from the U.S when you have natural disasters.Tell your people to stop joining the U.S military forces to have a better life...Print and use your own money, and see how far that will get you. I am all about the good of man and woman, most of those who protest never have solutions, just anger....FOR WHAT!!!!
@@dodgechargerrt1873 Hot Shot do your research before you start talking bullshit..Are you even Puerto Rican..Im guessing your not..Do you know how much money in taxes Puerto Rico pay the U.S.
Look up the Jones Act..The U.S isn't giving shit to PR ..They pay every penny back in taxes..Do your research..
@@edgardoconcepcion2720 Well I am sure it is dollar cost average, my research tells me that from the last disaster they are finding countless warehouses of goods that the U.S sent there that was hidden from your country men by your own goverment worth millions... So if you say you pay taxes to the U.S then that is Great!! But am I wrong, or should I send you links to prove it about all the goodies that was found not handed out .And yes I am a Hot Shot, a 24 year American Combat Veteran and lives in PR...So let's just all get along.
@@dodgechargerrt1873 its Corruption they keep electing the same people over and over ..And these same politicians keep pumping lies to the people..The problem Puerto Rico has is what wall street did with banks in PR..100 billion in debt..U.S not going to bail them out..its a joke and I've had enough with the corruption and everything else...The rich moving to PR and not paying taxes..when our own people can't even open up business because the taxes are to much.
This is also happening to many other Caribbean islands, including the USVI. It's frustrating seeing natives or a certain group of people being oppressed and pushed out of their own island/countries to make a playground for others. I'm also seeing comments from people on the mainland blaming leftism (really?). No matter how you look at it, conservatives and liberals are all the same when it comes to gentrification, discrimination and entitlement against others, just on different ends of the spectrum.
As a Puerto Rican I truly hope this doesn't happen. One day, I wanna visit the island.
Thank you sm for this!
THANK you for creating this video. So much of this needed to be heard. The roads are a huge problem as well as so much more. 🥺
Fix your corrupt government first!
Hola Bianca, entanta lo que estas haciendo. Trayendo conciencia en lo que esta pasando en Puerto Rico.
Thanks for sharing this video. I visited Puerto Rico many years ago and it was one of the most beautiful islands I have ever visited. I think with better leadership that country could truly be "Una Perla".
Y lo malo es que el puertoruqueno esta saliendo en masa dejandole el camino libre para que sigan entrando todo el que quiera.Dandole la Isla a todos los que llegan en vez de pelear de quedarse esa es su tierra su casa.Alli hay gente de todas partes del mundo yo creo comprando casas y propiedades como si estuvieran VENDIENDO A PUERTORICO.Como yo sufro cuando veo los videos, todo el mundo quedandose con PR y los verdaderos boricuas vendiendo sus casa y abandonandonla Isla.
La gente se esta saliendo de la isla POR. QUE ESE ES EL PLAN DEL GOBIERNO LOCAL Y DE ESTADOS UNIDOS, esto no es nuevo esto a estado pasando desde 1898 cuando estados Unidos invadio la isla, 80% de las tierras que pueden ser utilizadas para la Agricultura estan en MANOS EXTRANJERAS companieas como MONSANTO las an robado
Pero en que momento ustedes fueron los dueños de la isla? Ustedes llegaron a la isla de Europa. Ahora hay nuevas personas migrando a la isla. Puerto Rico no es un pais, siempre fue colonia de españa y ahora de los Estados Unidos. Que pretenden que la isla se quede vacia mientras ustedes se largan para los Estados Unidos?
deep state - Los puertorriqueños no llegamos de ningún sitio como puertorriqueños, somos una mezcla local, resultado de la unión de españoles, africanos, indios y algún otro país europeo. Nos llegamos, somos de aqui desde siempre, fuimos creados aqui. No llegamos a esta tierra ayer, somos de esta tierra, no vinimos de ningún país buscando Nada, nacimos aquí y de aquí somos y tenemos nuestra cultura, costumbres, y en nosotros reconocemos una identidad propia. No hay un puertorriqueño que niegue que es puertorriqueño y los que se han tenido que ir, emigrar, es buscando alguna oportunidad para ganar más y poder hacer más por su familia, sino no se irían. Esto no es un ghetto para el que lo crea, es un país colonia de otro pero país al fin y al cabo. Ahora mismo con lo del virus la medidas tomadas no son impuestas desde fuera, son nuestras, reclamadas por el pueblo así como las medidas para controlar la mala conducta de los que llegan de fuera. No nos gustan los desórdenes callejeros, ni los abusos a los comerciantes, ni los escándalos en las calles ni nada de eso y menos que, porque no se pueda cerrar el aeropuerto, nos llegue virus de fuera. Por tanto, se tomaron nuevas medidas locales para insistir en el control de ese tipo de cosas. Las medidas no llegaron de fuera, tampoco, son reclamos locales y toma de decisiones locales también. Ahora deberá llegar la persona con una prueba de 72 horas antes y sino, deberá hacérsela aquí y se arriesga a , que de no cumplir, pueda tener que pasar cuarentena en vez de venir a disfrutar su vacación. Por esas mismas incomodidades creadas por visitantes que exhibieron una conducta inadecuada, hay dos personas presas porque no pudieron pagar la fianza que se les impuso. Y es lo que va a seguir pasando porque nosotros vivimos como vivimos y nos cuesta mucho mantener el orden y un buen entendimiento entre todos. Y es lo que queremos. Por otra parte, el tema es que está llegando gente millonaria a vivir en la isla y lo hacen porque tendrán o tienen ventajas económicas. No es que llegue cualquiera - que también puede llegar, de toda la vida PR ha recibido gente de fuera - Es que para dar vivienda a esos millonarios se construyen viviendas de lujo en lugares aventajados de costa sobretodo y hay que ver como afecta eso a una isla limitada en terreno para construir y en áreas de playa la mayoría de las veces y las playas en PR deben poder ser visitadas por los locales y más ahora que la marea está destrozando mucho de las costas. De eso se trata. No de que no vengan! Sino de que no se trate de un negocio para dos o tres nada más a costa del único espacio que tenemo s y o de nuestro medioambiente. Se trata de hacer las cosas bien para ser felices todos al máximo posible. No se que piensas tú que es PR y que son los puertorriqueños. No te hagas ideas basadas en Dios sabe que, si piensas en tu propio país y en tu gente, también sentirás que les quieres ver siempre bien y mantener un país tranquilo, seguro, limpio, con un medioambiente protegido, viviendo en paz para siempre. Que haya un buen futuro para las generaciones venidas, el mejor bienestar posible. Pero la gente no sabe que eso estamos intentando, el mejor bienestar posible si es que nos dejan. Pero desde ya te digo: con sueldos de $7.00 la hora en trabajos que no ofrecen.40 horas semanales, la persona ni tendrá empleo fijo ni las ventajas que ofrece tenerlo. Es más, hay personas trabajando en barras que básicamente ganan $3.00 y se buscan la diferencia en propina. Imagínate! Piensa ahora con los cierres y los espacios limitados en ocupación en negocios que atienden público. - veremos a ver que pasa después pero el futuro no luce bien ahora mismo. Si no hay trabajo bien remunerado y apoyo del gob, no hay forma. - Entonces vamos a los retos: Empiezo por la salud que es el más importante. Si ganas x cantidad no cualificas para el plan de salud del gob, pero si no ganas bien, tampoco puedes pagar un seguro médico privado yen ese limbo de la salud hay miles y miles de personas y la medicina en PR es carísima. En PR la educación pública es floja, todo el que puede paga educación privada para sus hijos y me incluyo, y eso cuesta y cuánto mas aventajada, mas cara. Y oye, en general, todos buscan educación privada para sus hijos. La Luz y el agua son muy caros, caros de verdad. La comida que también es una necesidad mayor es carísima también. - ahí los millonarios estarán bien porque con las ventajas económicas que tendrán ya bien pueden comprar comida- PR es un lugar caro para vivir. Muy caro comparado con el propio EEUU continental. Por eso defender el punto de que la emigracion anda por todos lados es un argumento que no siempre va a sostenerse como válido cuando piensas lo que le puede costar a una familia que emigra venir aquí. En EEUU continental tienen de hecho mucha más ayuda. Sino las personas en apuro de aquí no se irían para alla. Y ahora que tantos negocios se están yendo a quiebra, menos empleo habra. Es un hecho que además muchos empleadores se plantean trabajar desde casa en el futuro porque además ahorrarían dinero. Se sabe que eso mo incentiva la economía ni genera empleos prescisamente. Las personas en PR han recibido ayuda local y o federal y ganan más mientras reciban esa ayuda que trabajando y no quieren volver por $7.00 la hora porque es que no se puede vivir con tan poquísimo dinero! No se puede y menos con los aumentos que llegan de agua y luz que es continuarán a lo largo de un buen número de años. No es si habrá aumentos, es que si están llegando y continuarán por años porque hay que recaudar dinero para la propia infraestructura de esas empresas y porque hay que pagar contratos millonarios a empresas contratadas. Así es que todas esas ideas de venirse para aquí pueden a la larga resultar en un mal momento. No que no puedan venir, pero si no se es millonario o se cuenta con un fondito para sostenerse en lo que quizá se puede tirar para adelante, o se cuenta con un empleo bien remunerado *garantizado, es más mala idea que buena. PR siempre recibió a los que llegaban con los brazos abiertos. No nos creemos nada, estamos viviendo un tiempo muy difícil y es bueno que la gente vea lo que vemos y vivimos los demás para que tomen las mejores decisiones posibles. Es muy difícil comprar casa, pagar acceso controlado, mantenimiento, pagar por uno o dos carros porque la transportación publica es horrible porque nadie asegura que va a pasar el autobús y no hay trenes ni tranvías, hay un tren que da una vuelta por un area muy limitada en la capital y ya está. Aquí si no tienes carro no te mueves, básicamente. Hay que pagar por comida extra cara, colegios caros, agua y luz carísima impuestos / los impuestos locales existen y no perdonan. Pagar seguros de Salud privados ( otro boquete grande al bolsillo) , gasolina , *muchisimos extra si viene un huracán o una tormenta - El Paso del huracán Maria nos costó a mi hija y a mi $5,000 dólares entre gasolina y gastos forzosos y sin contar los daños sufridos, recogido de escombros que volaron, de ramas de árboles y todo eso. Comer fuera se hizo necesario porque no había nada de luz, nada, ni agua por mucho tiempo. El agua de beber se compraba. ( y todavía la compramos y compraremos) Y ya sabes que estás listas siguen porque se mejora poco y todo cuesta cada vez más. Ahora a ver cómo viajas, vas al cine, te pagas alguna alegria o cosas así. Y agradezcamos lo que tenemos la ventaja de tener la casa ya pagada. Que claro, nos costó mucho trabajo lograr las cosas pagando impuestos muy altos para que ahora que las cosas están difíciles no nos ayuden. Como decimos por aquí, “ te lo vendo al costo” lo que ves es lo que hay. No se diga que no fueron avisados. Los puertorriqueños somos los mismos desde que nos crearon y solemos ser gente buena y amigable. Lo que cambian son las circunstancias y no las imponemos nosotros prescisamente. Nosotros como los demás, las sufrimos.
@@yasminerivera9151 salieron porque les dio la gana
@@deepstate3358 que horrible estas un tu historia bahahahahaa
Lee algo de historia y luego opina😜😜
Extremely sad for the brothers and sisters on the island. Scratching my head after the guy said, gentrification has to happen and he needs a place to live. And that made a lot of sense to him 😡. From a former New Yorker that has seen my family affected by gentrification. They can never go back
@Killer Miser Supporting the local community. When gentrifiers move somewhere, they have no interest in supporting the locals. They will support the expensive $5 coffee places and trendy restaurants instead of the locally owned. Also, using that money to invest in existing local businesses. The other issue is the quality of living will be focussed on where they live and not where the locals live - they need to join the fight for that also and raise awareness. Not just sit in their expensive homes and saying "oh well, nothing I can do about it, it's gonna happen anyway". That attitude is not helpful.
The solution is to make the tax breaks a little less good. Corporate to 6% and capital gains to 5% maybe. It probably won't be worth it for people making $500k a year to move there anymore. Would only get $1M or more earners and PR would collect some more taxes.
@@ciagretteskills Importing things to PR is expensive and they have to eat. I would assume organic farmers would do well and can easily undercut the prices at a Whole Foods.
So you get to live in one of the most expensive places in the country? Some poor white communities in the country you've never even passed though would LOVE some gentrification in their neighborhoods....
@@stevemasterson7776 you sound foolish but who am I to judge? We are on two different plateaus.
Please continue this I’m learning
Mi hermana, amo tu canal. El rigor, la educación política, las historias de la gente del pueblo. 👌🏽
- De Carolina viviendo actualmente en MN representando.
Thank you for all your hard work you are doing to make ppl aware of the issues that still plague our ppl. My husband and I are moving back home next month and we are encouraging more of our ppl to move back as well. There is a religious group called IUIC Puerto Rico they have recently opened an organization on the island I would encourage you to contact them they may be able to help you in some way. Best of luck to you
dont move back tou will be highly disapponted
As a Gringo raised in Nicaragua I've seen and heard the same grumbling's before. Nicaragua went from the 2nd most prosperous nation in Latin America to second in poverty in one year. July 19th 1979 to July 19th 1980. "El día del Trump de la revolución ". I repeat 2nd only to Haiti in one year, it was awful. My beautiful Nicaragua has never fully recovered. A Narco state. Don't be fooled my beautiful Boriqua brothers and sisters by the lying rhetoric. BENDICIONES Puerto Rico. We love you and don't want to loose you. You have brought and contributed so much to this country.
Wow, what a beautiful reporter and great coverage on Puerto Rico
When she was my girl, I cheated on her, didn't invest in her, neglected her and didn't really care about her. When her friend Maria visited us in 2017, I decided not so stay. Now, other men are courting her. Paying attention to her and spending more on her than I was ever willing to. Life ain't fair.
Exactly lol
thank you for raising awareness of what is happening on our island.
This video should get more attention. I wish the media in Puerto Rico wasn’t as corrupt as it is so that we could get this to more people. Still it won’t happen cause ignorance is what keeps them in power
The government did this on purpose Puerto Rico needs foreign investment in order to increase the standard of living
As a Puerto Rican and all I have to say is that its worrisome because now I dont even know how im gonna be able to survive because im not rich
Tu haces un trabajo increible. Me encanta este video
So a billionaire moves to a place and the place “in no way” benefits from them being there? Seems like that guy’s overselling the point made here.
Yep. This was presented in a completely one-sided manner. This was a pretty slanted take on the whole thing.
The logic is baffling. A bunch of people with lots of money are now willing to spend money, buy services and invest in the Puerto Rican economy and the whole video is a lop-sided attempt to prove that this couldn't possibly contribute to the economy.
"Rrrreeee new people"
Agree w/all of u
This was a very one sided piece.
this video it's only emotion and no economic knowledge. the benefits of this people's money going there will incredibly boost puerto ricos economy by a lot. the biggest thing keeping puerto ricans poor is the jonnes act.
You clearly have never been in Puerto Rico and definitely you do not know our history and situation.
30M for a house in PR is a joke. If you measure that house the numbers will be ridiculous lower compared to that fantasy amount of money.
Insightful video 👍 great research and editing. I also feel gov wants the rich to move there. 37% vs 0% do you blame investors. 10% nationwide is fair not 37% that's absurd. Most people wouldn't move if tax was 10% nationwide.
I would be happy paying 10% as long as the money goes to helping the local people.
@@MarkConway73 you can still pay 10 percent if you want. I think rich crypto traders should make a 10 percent fund for their local areas and spend the money. Instead of the corrupt government. It would help the local people. Who are the neighbors and everyone would benefit. Road improvement, water, sewer, storm drains, education, hospitals, and many more benefits.
It should be like 5%. They waste too much money on BS.
Where’d you get 37%? Most investors hold for at least a year to get long term capital gains taxes instead of short term, which is more like 15%
@@lockheedload he means wealthier people, the ones paying 40%
It’s so sad that this is happening to Puerto Rico. They will price you out. We’ve seen it happen to Black and brown communities across the US. It’s happening in my city now. Historical neighborhoods are being destroyed, working class people are displaced through property tax, over priced real estate, increased cost of living, higher rent.
In the US all the cities being gentrified were built and owned by white people before brown people moved in and white people left. The US was a majority white nation until the last 50 years so it is completely different theN PR....
Take a history class then talk to me. 😂😂😂white people built it😂😂😂
@@glitterandglueforyou Actually you might want to take a history class and look up demographics from the last few hundred years.
Yes white people built all the cities in the US, Germans, French, Italians, Irish were the primary immigrants to the US. The whites numbered into the millions and the other races such as Africans were a small minority. LOL you can try to rewrite history but facts are facts....
Smallest 🎻.
@@tyruswarwick2508 Even the Violin created by whitey. The violin, viola, and cello were first made in the early 16th century, in Italy.
I was born 🇵🇷 and I want to retired there but the home has increased drastically because of these rich ppl moving in smh
La realidad es lo contrario. El precio de las propiedades está por el piso...
Great work, please continue to be a voice, and I am also here to help.
This reminds me of living on O'ahu for over a decade. The system gets overwhelmed with both visitors and the wealthy part time residents who leave little left for locals even if they've got a solid job at Pearl Harbor
Why do Hawaii and Alaska still have Jones Act but not Us Virgin Islands? Most politicians in P.R preach about possible status changes but dont consider creating policy that could actually create wealth for puerto ricans or at least making the consumer price index more sustainable to help the population and make the supposed status changes a tangible reality not bullshit political pandering.
Yo me pongo a pensar que hay sobre 5 millones de boricuas en los Estados Unidos y nadie les puede decir nada. Ahoraaaaa hay menos de 1000 gringos en la maldita colonia y lloran, dejen la maldita lloraera caramba
Complejos y falta de perspectiva, tanto histórica como global...
I recommend not living in P.R. The number one failure is the government and while poverty is rising crimes are going up as well.
crimes are going up everywhere in the world as well.
Yea
Really insightful and well thought out video, thank you Bianca for sharing this keen bit of journalism. It's disheartening to continue to hear and see how Puerto Rico has been subjected to such a mass fleecing, not only by the US Feds, but also the local government of the island too. If history proves, since the days of Operation Bootstrap and the Caribbean Basin Initiatives controversial impact on the Puerto Rican economy, I'd guess that Act 20 & 22 are nothing but the same. All of these major government acts and policies are considered by many to have left PR in worse shape than before they began.
These guys has no respect for being in Puerto Rico, they need to create jobs there and infrastructure for housing and roads
Controla el problema de inmigración y de tirar basura en las calles los ríos y las playas y después hablamos