Search results

Dollarization is a gimmick rather than a structural solution to Argentina's economic problems but demonization of the business class as some sort of criminal element isn't even a gimmick. Its just one of those bad ideas that belong permanently in the dustbin of history.

The Taiwan government took in so much tax revenue this year due to the high level of economic activity that it actually gave cash back to everyone, including permanent residents like myself: https://www.taipeitimes.com/News/front/archives/2023/01/05/2003792015

In 1997 I chose to leave the US along with its manufacturing base and decided between Argentina and Taiwan. I spent several weeks in both and found Argentina to be tired and poor. Taiwan, on the other hand, was full of energy and entrepreneurial spirit. Its government, instead of being...

Argentina's government makes creating goods and services painful:

Taiwan has half the population and nearly twice the GDP of Argentina on an island with no natural resources. Its finances are in the black and it produces 90% of the world's most advanced semiconductors and has a 1.9% annual inflation rate. It succeeds because Taiwanese people know the only way...

I can vouch for Taiwan. Got my permanent residency here twenty years ago and it's been good. Too bad China is going to ruin the party. Japan is on the worst list but there's actually a workaround. Foreigners can own property there and can stay for three months visa free. I have nice country...

I am confused, mainly because I can't find any confirmation online that Argentinian citizenship can be renounced. I'll take your word that it can be though. Thanks.

This court ruling in 2009 confirming that renouncing Argentinian citizenship is unconstitutional references Law 346. What is the time frame for the excerpt above? Centro de Informacion Judicial Fecha: jueves, 05 de marzo de 2009 Ratifican que no se puede renunciar a la nacionalidad La Cámara...

https://en.wikipedia.org/wiki/Renunciation_of_citizenship

I watched the video and my understanding is that his claim is that because Argentina doesn't allow renunciation if it ever implements U.S.-style world-wide taxation you won't be able to escape it by renunciation, as a U.S. citizen can. He acknowledges that Argentina's tax system is currently...

Have you been to any city on the West Coast recently? I was just in Portland last week. They're going downhill fast. https://www.sfgate.com/local/article/bay-area-residents-leaving-for-good-17827452.php

Wherever Leftists are in charge things are going downhill so SF vs BA is just a race to the bottom. I have a home in the Portland suburbs where I spend several months a year and see the results firsthand. Apparently it was the now defunct patriarchy which was keeping law and order.

For leftists no amount of inflation matters, no tax is too high, no spending too great, and no debt too much. It's the hot air that keeps their world view up.

Argentina's pervasive sense of entitlement and its victim mythology are the root causes of its perennial economic mailaise. Until it recognizes that the only way to be prosperous is to create wealth rather than take it it's destined to remain in the poor house.

There are still enough Americans who create wealth rather than confiscate it to make up for America's parasitic politicians, which explains this: 1.00 USD = 402.8000 Argentine Peso (ARS)

Shamelessly living off other people's money is a top down phenomenon in Argentina.

Why would anybody lend money to Argentina? Might as well just give it to Argentina.

Excellent information, all. Thank you for taking the time to share your knowledge.

When did the foreign seller sign the conveyance deed? In the US an escrow agent holds both the monies from the purchaser and the signed conveyance deed from the seller so the escrow agent holds all the cards and makes sure no one gets cheated. After both parties have performed the escrow agent...

Nice explanation. Thanks. The scenario I was curious about though is one in which you wire the money to an account outside Argentina as opposed to divvying up piles of cash with both buyer and seller in the same room: