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Marc Joffe shows how Puerto Rico's municipal inventory tax puts the island's businesses at an economic disadvantage and recommends, to address the financial impact of its elimination, that municipalities consolidate, and that the central government provide income tax credits, successfully demonstrated in other jurisdictions. Photo: El Nuevo Día Puerto Rico municipios levy an unusual tax [...]

Representatives of the private sector recently organized a Political Action Committee (PAC) under the name "Democracy is Prosperity". The organization seeks to support political candidates who embrace free market and business values aligned with a vision of economic development away from government intervention and populism. The entry of the private sector into the political arena

Foro Regulación Inteligente and Faes have just presented the XXV Edition of the Index of Economic Freedom. | Pixabay/CC/jarmoluk Foro Regulación Inteligente and Faes have just presented in Spain the XXV Edition of the Index of Economic Freedom. This document, prepared in the United States by the Heritage Foundation, measures the degree of laissez faire

Socialists and progressives are wrong to assert that capitalism is inherently greedy. The freedom to choose whether or not to help is a prerequisite for true charity. Progressives and socialists have been able to seize the moral high ground through their use of effective propaganda. These sanctimonious ultracrepidarians posture as champions of charity, because of

The merit system emerged in the Chinese government in the years before Christ. China's great contribution to universal culture has been the invention of the meritocratic civil servant. The Chinese established an efficient, open and secular bureaucracy, selected on the basis of talent, merit and scholarship. This system not only ensured the permanence and flourishing

Official government measures greatly exaggerate income inequality by ignoring taxation and noncash sources of income.

As a former attorney general of the United States, I find it crucial to shed light on a recent court ruling in Puerto Rico that demands our attention. The decision made by U.S. District Judge Laura Taylor Swain in the bankruptcy proceedings of the Puerto Rico Electric Power Authority (PREPA) has profound implications, particularly for the fairness and efficiency of capital markets, as well as the access of state and local governments to municipal bonds.

The fundamental reality is that more money does not create any new goods or services in the economy. Money is not wealth. Wealth is productive capacity; the ability to create actual goods and services.

Those who, in my opinion, will be the most important influencers of the next General Elections in Puerto Rico are already presenting themselves in society: the super PAC's, particularly the one created by the country's industrialists called "Democracy is Prosperity".