Puerto Rico, At 11.5%, Has America’s Highest Sales Tax

[Originally published by Forbes]

 

San Juan, Puerto Rico

People who advocate for large governments usually view them as a “progressive” tool that impels the rich to help the poor. But when said governments get too bloated and inefficient—as they inevitably seem to—they become something that everyone must support. This is now happening in Puerto Rico, which recently addressed its fiscal problems by jacking up the sales tax. This is a regressive move that could hurt the island’s bottom line, and undoubtedly its many poor people…[read the rest here]