“These investors continue to be the main beneficiaries of fiscal policies pushed by Puerto Rico’s Governor Ricardo Rosselló and by the unelected federal Fiscal Control Board.”
Lax labor standards in Mexico are indeed a problem with NAFTA. But they are North America’s problem to solve.
If you didn’t know, Act 22 is a law exempting new residents of the Island from capital gains taxes and other passive income.
The same day Hurricane Maria struck Puerto Rico, Oppenheimer Funds questioned that the government of the Island could not pay its $74.8 billion debt.