World News

32075 readers

855 users here now

News from around the world!

Rules:

Please only post links to actual news sources, no tabloid sites, etc
No NSFW content
No hate speech, bigotry, propaganda, etc

founded 4 years ago

MODERATORS

[email protected]

-1

Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled (www.nytimes.com)

submitted 8 months ago by [email protected] to c/[email protected]

21 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 0 points 8 months ago (1 children)

Makes sense, if stuff is subsidized, the government has to pay for it. If the government doesn't have money to pay for it, they'll just print it out of thin air, devaluing the currency (and thus taxing the working class).

There's gonna be a lot of pain for Argentinians in the months and years to come, hopefully it'll all be worth it...

[–] [email protected] 0 points 8 months ago (1 children)

Austerity measures and privatization are basically never worth it.

[–] [email protected] 0 points 8 months ago* (last edited 8 months ago) (1 children)

No, you're right, let's better keep our ruler class' pockets full. That won't bite us in the ass.

[–] [email protected] -1 points 8 months ago

Then tax or seize their wealth. The loss of subsidies will specifically hurt the poorer much harder than the wealthy. The wealthy will just push their increased burden from loss of subsidies off onto the poor like they always do.