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Keep in mind that in reality it raises the floor to 1900 dollars/ month for workers only. Thats at today’s black market exchange rate (article cites non existen
by gbaygon 3y ago
Keep in mind that in reality it raises the floor to 1900 dollars/ month for workers only. Thats at today’s black market exchange rate (article cites non existent official rate).
With the rapid inflation we are experiencing (likely going hyper) that floor will get back to normal soon.
We’ll se what next president does.
source: I’m Argentinian
- CydeWeys 3y agoUS$1,900/month seems like too high of a floor to pay no taxes on for Argentina. That floor makes more sense for the world's richest countries.
- thatfrenchguy 3y agoNo income taxes doesn’t mean no taxes, most countries (and states in the US) with low income taxes fund themselves with less redistributing taxes.
- gbaygon 3y agoyes but in an hyperinflationary scenario it won’t last long (laws are defined in pesos) so it could be back to sub 800 soon