Milei’s plan to free $270bn cash stuffed under Argentine mattresses

[MilHojas]

Javier Milei’s plan to free $270bn cash stuffed under Argentine mattresses

Loosening of tax evasion rules aims to coax billions of undeclared dollars back into formal economy

www.ft.com

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[Dim Witty]

I find it wonderful that our beloved President Milei has had the courage to finally grant thieves the equal rights they so richly deserve, by allowing the laundering of billions of undeclared dollars, previously hidden in mattresses that hindered economic growth and prosperity.
Until now, thieves (decent human beings!) had to legitimize their wealth by going through the grueling and unfair process of, for example, claiming their empty hotel rooms were operating at full capacity and paying additional taxes.

 

[LuckyLuke]

I find it wonderful that our beloved President Milei has had the courage to finally grant thieves the equal rights they so richly deserve, by allowing the laundering of billions of undeclared dollars, previously hidden in mattresses that hindered economic growth and prosperity.
Until now, thieves (decent human beings!) had to legitimize their wealth by going through the grueling and unfair process of, for example, claiming their empty hotel rooms were operating at full capacity and paying additional taxes.

"It's a big club...and you ain't in it."

I'm sure people with all those mattress dollars are just dying to declare it and invest it...because that's impossible to do under the table, you know? Did I mention capital exportation was liberated?

Boy if I was an business magnate it would be a glorious time to blanqueo prior year earnings tax free, then export it abroad, then import it again under RIGI for some CAPEX tax free again. Rinse and repeat.

Now pay your prepaga aumento you filthy ape!

 

[Redpossum]

This is a good example of why Adorni won in the upper class and upper-middle class neighborhoods on Sunday, and Santoro won the whole south of the city, where the working class lives.

To be fair, though, even in the barrios where he won, Santoro's margins of victory were slim, The LLA actually put on a very strong showing in this election.

 

[FrankPintor]

This is a good example of why Adorni won in the upper class and upper-middle class neighborhoods on Sunday, and Santoro won the whole south of the city, where the working class lives.

To be fair, though, even in the barrios where he won, Santoro's margins of victory were slim, The LLA actually put on a very strong showing in this election.

There's a lot of analysis to be done about the CABA elections...

Low turnout, favouring the most motivated voters, so the "army of trolls" had the day to themselves. Plus fake videos, which should have judicial repercussions, given the electoral ban on such material.

Macri's goose is surely cooked. Apart from his candidate, his party really managed to represent the corrupt CABA caste. Did Vidal finally refurbish her apartment on "La Isla" in Recoleta?

Peronism has had historically maybe 30% of the vote in gerrymandered CABA, Santoro comfortably exceeded that and seemed on a winning path.

And what about LLA? Adorno didn't present a plan for CABA (Even Larrata had some idea about what he might do). The upper and middle classes will be hearing the buzzing of a chainsaw shortly I imagine.

 

[Redpossum]

There's a lot of analysis to be done about the CABA elections...

Low turnout, favouring the most motivated voters, so the "army of trolls" had the day to themselves. Plus fake videos, which should have judicial repercussions, given the electoral ban on such material.

Macri's goose is surely cooked. Apart from his candidate, his party really managed to represent the corrupt CABA caste. Did Vidal finally refurbish her apartment on "La Isla" in Recoleta?

Peronism has had historically maybe 30% of the vote in gerrymandered CABA, Santoro comfortably exceeded that and seemed on a winning path.

And what about LLA? Adorno didn't present a plan for CABA (Even Larrata had some idea about what he might do). The upper and middle classes will be hearing the buzzing of a chainsaw shortly I imagine.

These are all good points.