Pay to the Order of Puerto Rico

by Odishelidze, Alexander; Laffer, Arthur; Kudlow, Larry

• ISBN13: 9781594672897
• ISBN10: 159467289X
• Format: Hardcover
• Copyright: 2004-06-01
• Publisher: Salem Pub Solutions

Summary

Current policy toward Puerto Rico is costing each American taxpayer $400 a year-a total of $22 billion. This book gives the scandalous history behind one of America's biggest and most expensive tax shelters, the "commonwealth" of Puerto Rico. The authors share the shocking truth about how the American taxpayer is footing a bill for antiquated policy toward this island. Puerto Rican businessman Alexander Odishelidze shares a revealing story of how bad policy is wasting taxpayer dollars and destabilizing the people and region of Puerto Rico, while renowned conservative economist Arthur Laffer bolsters the claims with his undeniable facts and figures. Together they build a convincing case that Puerto Rico must dispense with the chimera of commonwealth and become an independent nation or the 51st state of the United States of America.

Table of Contents

Acknowledgements	vii
Foreword	9	(4)
Lawrence Kudlow
Introduction 1	13	(6)
Alexander Odishelidze
Introduction 2	19	(6)
Arthur Laffer
Section I Economy	25	(188)
My Odyssey to Freedom	27	(12)
The Last Colony	39	(12)
America Delivers	51	(8)
The Price of Dependence	59	(36)
Pitorro and Panas (Moonshine and Breadfruit)	95	(8)
The American Taxpayer's Commonwealth Burden	103	(56)
Making Lemons into Lemonade	159	(14)
Biography of a Tax Gimmick	173	(40)
Section II Status	213	(106)
The Young Bill: The Roar of the Coqui	215	(42)
Eulogies for the Young Bill	257	(34)
The Cries of Patriots	291	(12)
The Eternal Territory	303	(16)
Section III Character	319	(60)
Vignette 1 Moncho's Other Family Business	321	(8)
Mainlining Our Kids	329	(26)
Vignette 2 A New Friend of Commonwealth	351	(4)
Welcome to the Laundromat a la Boriqua	355	(24)
Section IV Identity	379	(60)
``Mejorando La Raza'' (Improving the Race)	381	(18)
The Last, Full Measure	399	(38)
More Than a Hero, Less Than a Citizen	437	(2)
Afterword	439
Alexander Odishelidze