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Old 08-14-2008, 04:10 AM
daveh daveh is offline
 
Join Date: Nov 2006
Posts: 37
Default Re: Immigration Nation

Quote:
Originally Posted by anothervoice View Post
Krikorian had the posture of a reasonable guy, but he ended up backing down on all of his arguments when under fire from Dalmia. In the end he's just another scare mongerer dressed up in sheeps clothing. He claims the US will be flooded with immigrants from low-wage countries if it doesn't hurry up and build a wall to keep the hordes out. But this is obvious bullshit. Just look at Puerto Rico. The whole island has US citizenship, their wages are 35% lower than ours, and yet net immigration from the PR is currently zero. Zilch. NADA. Comprende?
Anothervoice -- Puerto Rican residents do not pay federal income tax on income earned in Puerto Rico. Also, under Section 30A industry enjoys a tax credit for operations conducted in Puerto Rico. Furthermore, the predecessor to the current tax credit Section 936, was enacted in 1976. As you can see from the attached chart, at p. 6, Puerto Rican migration reversed itself when Section 936 was enacted in 1976. One way of looking at it is that the government is, in substance, bribing Puerto Ricans to stay in Puerto Rico, rather than migrating to the mainland.
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