You won't have to wait for the answer. Yet too many government officials, especially legislators, perhaps because of their own inexperience in running a business, seem oblivious to that reality. Instead they believe the answer is to run to Washington to demand more federal tax breaks. Tax breaks don't mean anything if you are not making a profit. If you are in the red, you don't pay any taxes.
Enough sugar can sweeten any deal.
But we don't necessarily want to attract companies that come to the island for tax breaks. Yes, if we can get more tax breaks, that's another attraction that helps. But, what we need even more is reduced operating and transaction costs to allow companies to turn a good profit, leaving favorable tax treatment to what it should be, icing on the cake. We suppose that legislators faced the same dilemma. But as private sector representatives tell us, some of this protectionist labor legislation might end up hurting the very employees it intends to help.