Puerto Rico debt crisis: austerity for residents, but tax breaks for hedge funds

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"People think we pay no taxes, but you know if a company makes $10m, a 4% tax rate still means $400,000 by itself," Rill said. "And that has nothing to do with the regulation fees, relocation and other costs we pay."

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But experts say it's not clear whether the plan will create jobs and prompt investment -- or simply divide the haves and have nots.

"These folks are preying upon distressed economies to try to gain maximum amount of return," said Javier Valdés, core executive director of Latino advocacy group Make the Road New York. "They should not just continue to expect the same return on their investment. Everyone needs to take a cut."

By Valdés's count, more than 200 people joined him last week at a protest against the funds at one investor's home in the Hamptons. "The same politics cannot continue," Valdés said. "They need to come to the negotiating table and be more lenient."