Building Puertopia ???

They call what they are building Puertopia. But then someone told them, apparently in all seriousness, that it translates to “eternal boy playground” in Latin. So they are changing the name: They will call it Sol.

Dozens of entrepreneurs, made newly wealthy by blockchain and cryptocurrencies, are heading en masse to Puerto Rico this winter. They are selling their homes and cars in California and establishing residency on the Caribbean island in hopes of avoiding what they see as onerous state and federal taxes on their growing fortunes, some of which now reach into the billions of dollars.

And these men — because they are almost exclusively men — have a plan for what to do with the wealth: They want to build a crypto utopia, a new city where the money is virtual and the contracts are all public, to show the rest of the world what a crypto future could look like. Blockchain, a digital ledger that forms the basis of virtual currencies, has the potential to reinvent society — and the Puertopians want to prove it.

You can read the rest @
https://www.nytimes.com/2018/02/02/technology/cryptocurrency-puerto-rico.html

As I have warned many times before, allowing the rich to build themselves a utopia devoid of taxation can in no way benefit We The People. No matter what they promise, the end result will be heaven for them and hell for the rest of us.

As proof of my claim, I offer the following list of similar enterprises:

• Amazon
• Apple
• Facebook
• Google

All four have mainly turned into wealth generating machines which benefit their creators at the expense of everyone else. All four (coincidentally?) were created by men, and all four have benefited from tax avoidance strategies.

Don't let them do this!