This is just one part of a sweeping vision that sees Puerto Rico transforming itself into a “visitor economy,” one with a radically downsized state and many fewer Puerto Ricans living on the island. In their place would be tens of thousands of “high-net-worth individuals” from Europe, Asia, and the U.S. mainland, lured to permanently relocate by a cornucopia of tax breaks and the promise of living a five-star resort lifestyle inside fully privatized enclaves, year-round.

