[News] Marco Rubio introduces a law, to lower the Puerto Rico minimum wage to $5 an hour!
news at freedomarchives.org
Thu Dec 15 16:52:01 EST 2016
Marco Rubio introduces a law, to lower the Puerto Rico minimum wage to
$5 an hour!
December 15, 2016
Under the banner of “economic assistance” for Puerto Rico, Marco Rubio
has introduced a bill in the US Senate that would lower the minimum wage
It is called the EMPLEO Act (“Economic Mobility for Productive
Livelihoods and Expanding Opportunity). According to Rubio, EMPLEO will
“jump start” the island’s economy and create “new employment
EMPLEO is a very dangerous bill.
With a GOP president and congress, it could get fast-tracked and passed
within few weeks.
Here is the text of the entire bill, which is designated as S. 3503…
The bill accomplishes two things:
It sets a minimum wage floor of $5 for /everyone /on the island,
regardless of age. This goes further than the PROMESA bill, which also
contemplated a minimum wage reduction …but only for workers aged 25 and
It creates a US federal wage subsidy of up to $2.50 an hour, for those
employers who pay between $5 and $7.50 an hour.
According to Rubio, this will “reduce the cost of hiring new workers”
and “make it easier to find a job.”
Oren Cass, a Manhattan Institute Fellow who helped to craft Rubio’s law,
said that “reducing the minimum wage should create many more entry-level
Cass also proclaimed that it will “mark a starting point for meaningful
in mainland economic policy.”
Cass also called Rubio’s bill a “compassionate tool
for addressing Puerto Rico’s challenges.”
*PROMISES FROM DRACULA*
There’s no other way to put this…Rubio and Cass are victimizing poor
people in order to enhance their own careers, and possibly their bank
Their alleged “rationale” is that, even though the Puerto Rico median
is only $9.42 (compared to the US median wage
of $16.70), Puerto Ricans are being paid *too much*…and this is stalling
the island’s economy. Therefore, say Rubio and Cass, a minimum wage
*cut* will lift the economy…and benefit the people of Puerto Rico.
This is the same tortured logic that Dracula offers his victims, when he
sucks their blood but makes them immortal.**
*LET’S DO THE MATH*
The numbers are quite simple. Thanks to the Jones Act, the cost of
living in Puerto Rico is artificially inflated…with all the excess
profits going to US auto manufacturers, food suppliers, and consumer
A recent study compared the cost of living
in Puerto Rico to that of 325 US urban areas. Here is what they found:
supermarket items in Puerto Rico were *21% more expensive* than the US,
and the overall cost of living was *13% higher* than in the 325 US urban
Electricity alone costs *300%* *more* in Puerto Rico (25 cents per
kilowatt hour) than in New York City…and next year, in 2017, the rates
_will rise another 22%_
*THE PRICE OF CARS*
The same car costs $6,000 more in Puerto Rico than in Miami. Since there
are more than 3 million cars in Puerto Rico, this amounts to an excess
profit – mostly to US auto manufacturers – of *18 BILLION DOLLARS*.
According to the US Dept. of Transportation, the average life expectancy
<http://blog.popular.com/en/life-expectancy-car/2061> of a car is 13
years…so roughly *$1.38 billion per year* (18 billion *÷ *13) is leaving
Puerto Rico for *excess* profits on cars.
The US share of this is over $1 billion annually…in *excess *profits.
And that’s for cars alone!
*INCOME VERSUS EXPENSES*
The per capita income of Puerto Rican
is roughly $16,000 a year…about /half /that of Mississippi, the poorest
state in the US.
So if Puerto Ricans are *twice as poor* as the poorest state in the US,
but their cost of living is *13% higher* than the US, then how will
*lowering* *the minimum wage* *to $5* be a benefit to Puerto Rico?
The answer is…it won’t.
It will turn Puerto Rico into a land of beggars and billionaires…a
playground for the world’s elite, and the broken human beings who serve
*MORE DEPENDENCY, MORE DISASTERS*
Rather than strengthen Puerto Rico, EMPLEO will increase their
dependence on US congress.
It will force US taxpayers to subsidize billionaires like John Paulson –
who will pay only $5 to his hotel and beach resort workers. Then
Paulson/himself/ will turn around – and pay *_no_* taxes on interest,
dividend or capital gains – thanks to Acts 20 and 22_._
The greatest disaster will arrive when congress “forgets” to include the
employer subsidy of $2.50 in future federal budgets…and then Puerto
Ricans will be paid $5 an hour, *period*.
If anyone doubts the likelihood of congressional “forgetfulness,” they
can consider how congress “forgot” that Law 53 (the Gag Law
violated the first amendment… then “forgot” to include Puerto Rico in
the 1984 bankruptcy law…and “forgot” to amend the Jones Act, every year,
for the past 96 years.
*THE PAYROLLS OF MARCO RUBIO*
If Marco Rubio really wanted to “reform” the economy of Puerto Rico, he
would join Congressman Gary Palmer and Senator John McCain, in their
efforts to reform the Jones Act.
Rep. Palmer even tried to add a Jones Act exemption
as part of the PROMESA bill – and was immediately shut down by Rep. Rob
Bishop, the chair of the Natural Resources Committee.
But /real/ reform is not on Rubio’s agenda. Rubio will do nothing about
Jones Act reform…he will even /oppose/ it, in order to protect the jobs,
unions, and *campaign donors* in Jacksonville, FL.
Rubio also has a well-known record as a “Senator for Sale,” specifically
with regard to Puerto Rico.
In his own home state, the Florida newspapers reported that after
receiving campaign donations from six hedge funds
holding Puerto Rican debt, Rubio became the */only/ *U.S. presidential
candidate to openly oppose bankruptcy reform for Puerto Rico.
Right now, thanks to Citizens United, Rubio may be on several payrolls:
* John Paulson payroll
– six hotels, multiple beach resorts, the AIG building, and 8.6% of
Banco Popular…all in Puerto Rico
* _Nicholas Prouty payroll_
– the largest marina in the Caribbean
* _Monsanto payroll_
– with thousands of agricultural employees
* _Goldman Sachs payroll_
– with 50-year leases on PR-22 and PR-5 valued at $4 billion
* _Act 20 and 22 payroll_ <http://puertoricotaxincentives.com/> –
hundreds of US millionaires & billionaires paying no taxes for 20
years, and $5 an hour to their Puerto Rican servants
* _Hedge fund payroll_
– as dozens of “P3s” (public-private partnerships) blanket the
island, as collateral for an unpaid $72 billion “debt”
* _Don Q payroll_
– the Serallés family in Ponce received a sweetheart lease on 34,500
acres of public land to plant…sugar cane fields!
* All the above will need workers…the */cheapest /*possible workers…to
keep the profits flowing.
*HAPPY 100^TH ANNIVERSARY*
They give Puerto Rico PROMESA.
Now they send EMPLEO.
In 1917, they sent CIUDADANO.
The US has been lying to Puerto Rico for over a century.
Next year, 2017, will mark the 100^th anniversary of Puerto Ricans as US
And what will we get?
A $5 dollar minimum wage, and a plane ticket to Orlando.
-- Freedom Archives 522 Valencia Street San Francisco, CA 94110 415
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