People say PR is a second class entity, but I think almost any US state would be far better off with Puerto Rico's deal.

PR gets to harvest its own taxes, whereas the other states are tax fiefdoms for the Federal bureaucracy. This is truly a superpower for Puerto Rico.

In return, PR doesn't get to vote for president, or have senators or congressmen. But I can tell you, all those are worthless. My state's representatives (when I lived in a state) served the Federal bureaucracy in practice, not the people of the state. They are cronies for their political parties.

I personally believe that PR's mediocre economic situation is because their own elites steal all the money they get (like the $80 billion or whatever they defaulted on), and because the vast majority of Puerto Ricans have already gone to the States, creating a massive brain drain. I do not believe it's because of the Jones Act or some other form of colonialism.