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Javier Milei, an economist known for his eccentric TV appearances, has become the leading candidate in the race to lead Argentina's second-largest economy. With his surge in the polls, the current administration has abolished the income tax in a last-ditch attempt to defeat Milei. This move highlights the government's reliance on printing money and the challenges of tax collection in an inflationary economy. Milei's unorthodox approach, including consulting his pets on political strategy, has garnered attention. As the front-runner, Milei vows to slash science funding if elected. The Argentine presidential election has become a closely watched event with significant implications for the country's future.
Argentina presidential election: front runner Javier Milei vows to slash science funding https://t.co/MUygf1MD39
Argentina election 2023: what you need to know https://t.co/1YRxmHKxVZ https://t.co/hTdD4B80Jt
Inflation makes tax collection more difficult. Here's why: 1. The people paying are incentivized in an inflationary economy to delay payment as long as possible. That means the tax collecting bureaucrats have to work harder. 2. The tax collectors' salaries are debasing as well.… https://t.co/USuuy3Iw9B
As election pledges go, "No New Taxes" has gone stale. A top candidate in Argentina's coming presidential election has a catchier idea: no taxes at all.
Javier Milei hasn’t denied rumours that he consults his pets on political strategy; “if so,” he has said, “they are the best political analysts in the world”. @AnaLankes profiles the eccentric front-runner to be Argentina’s next president https://t.co/GcJYquSPEN 👇
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… https://t.co/bxu0ATjPjO
NEW: 🇦🇷 With Javier Milei surging in the polls the current administration abolishes the income tax a week before the Argentine presidential elections 👀😮 https://t.co/CLDuMSVeti
In five years Javier Milei has gone from being an economist known mostly for his eccentric TV appearances to the man to beat in the race to lead South America’s second-largest economy. We profile Argentina’s unconventional presidential candidate https://t.co/TPoBVtOwtJ 👇