How Puerto Rico Can Unlock it's FULL Potential w/ Dean Huertas | Wealth Wednesday

The Latin Wealth

Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86. Today, we are thrilled to have a special guest, a Puerto Rican content creator making waves on social media with over 1 million followers across platforms like TikTok and Instagram. Joining us is the talented and insightful Dean Huertas!

Dean Huertas, currently residing in Puerto Rico, brings a unique perspective on various aspects, and we are eager to explore some key topics with him.

Puerto Rico's Act 22 and Act 20:
We dive into Puerto Rico's Act 22, designed to attract wealthy foreigners and mainlanders by offering generous tax-related benefits. With a 4% corporate tax rate, no tax on dividends, and no capital gain tax, it's an enticing proposition. Many wealthy Americans are taking advantage of these benefits. How has this preferential tax treatment for Americans affected the Puerto Rican way of life and culture?

Natural Disasters and Political Representation:
Dean shares insights into the challenges faced by Puerto Rico during natural disasters like earthquakes and hurricanes. Many Puerto Ricans express frustration over what they perceive as a slow and inefficient response from a federal government in which they lack full political representation. Dean reflects on the paradox of enjoying citizenship without complete political rights and discusses thoughts on potential economic advantages as an independent nation.

Impact of American Economic Policy:
Our discussion extends to the broader impact of American economic policy on the island. Dean sheds light on how these policies shape Puerto Rico's economic landscape and influence its residents' lives.

Join us for a thought-provoking conversation as we explore these critical issues with Dean Huertas. We appreciate his time and insights into these complex topics. Stay tuned for more engaging discussions on Wealth Wednesday, and connect with us on social media @Latinwealth. Thank you for joining us on this episode, and catch you next week!
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