• Flying Squid@lemmy.world
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    4 days ago

    More than half of Argentina’s 46 million people are now living in poverty, new figures indicate, in a blow to right-wing President Javier Milei’s efforts to turn around the country’s beleaguered economy.

    The poverty figure for the first six months of this year was 52.9%, up from 41.7% in the second half of 2023, said the country’s Indec statistics agency.

    https://www.bbc.com/news/articles/ceqn751x19no

  • otp@sh.itjust.works
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    3 days ago

    Four for the middle class, two for the lower class, and one for the upper class who don’t pay their accountants* enough.

  • orcrist@lemm.ee
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    4 days ago

    I think we all agree that if you’re willing to fuck over large portions of the general public, like he did down there in Argentina, you can probably cut some costs. That approach comes with some risks, because the general public might not like it when you show them how you actually feel, and of course it would make you a terrible human being and disastrous leader.

    And hey, having a simpler tax system always sounds good, and in many cases it probably would be good, but there’s a limit to the simplicity because people will find ways to game the system, and when they do so, either you shrug your shoulders or you make your tax laws more complex to deal with it.

  • SpiceDealer@lemmy.world
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    4 days ago

    Just 6? Surely Argentina’s already broken economy can not survive with so little tax revenue sources? I’m no economist but the only way I can see this even remotely working is if the rates of those 6 taxes are raised expectionally high.