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In The Media

Argentina Trying to Stay In Power By Outlawing Income Taxes

by Larry Chiang on October 15, 2023

 
 
Jimmy Song (송재준)
⁦‪@jimmysong‬⁩
So Argentina has abolished the income tax ahead of its presidential election in a last-ditch attempt to defeat the libertarian candidate who’s leading in the polls. This proves:

1. They’re printing money, they really don’t need to tax you explicitly.
2. That inflation itself is…

 
10/15/23, 1:22 PM
 
 

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So Argentina has abolished the income tax ahead of its presidential election in a last-ditch attempt to defeat the libertarian candidate who’s leading in the polls. This proves:
1. They’re printing money, they really don’t need to tax you explicitly.
2. That inflation itself is a stealth tax that can be imposed without any legislation or transparency.
The mechanics of money are going to become way more obvious to people going forward

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