3 ms·

Argentina already has very high inflation, doesn't it? Won't this lead to money printing that will make the problem even worse?

kwanbix 3y ago
Also that. Is an "electionist" meassure by the current president Sergio Massa (he is not officially president, but he is acting like one for more than a year) who is running for president.
carlosjobim 3y ago
How would that lead to any money printing? Labourers cannot print any money.
- wuliwong 3y ago
  I am guessing that the reasoning is with less income tax revenue for the government, they will need to create more money to pay the bills. The only way to prevent this would be to reduce the spending the same amount as the reduction in tax revenue.
- TulliusCicero 3y ago
  Because less tax revenue means that the government would print more money to pay its bills.
  - carlosjobim 3y ago
    What's wrong with that? They're already in hyperinflation.
    - TulliusCicero 3y ago
      Are you going to acknowledge the point, or just move what we're talking about? You asked why that would lead to money printing, which I answered, then you jumped to something else.
      - carlosjobim 3y ago
        Sigh... I hereby acknowledge officially to the Hacker News poster known as Tullius Cicero, that I understood the explanation being given as to why some are of the opinion that decreased government income from labour taxation would give the same government reason to borrow more money for their budget, casually referred to as "printing money". Edit: People who are down voting could for example explain why it is acceptable to tax the labour of another human being, but not acceptable for the government to run a deficit or devalue the currency ... or default. Taxes on labour are a form of serfdom, one of the worst evils of humanity. Maybe acceptable when you have a cushy and high paid office job, but a satanic burden for those who are stuck in the hell of heavy and stressful labour for their survival.

kwanbix 3y ago

Also that. Is an "electionist" meassure by the current president Sergio Massa (he is not officially president, but he is acting like one for more than a year) who is running for president.

carlosjobim 3y ago

How would that lead to any money printing? Labourers cannot print any money.

wuliwong 3y ago
I am guessing that the reasoning is with less income tax revenue for the government, they will need to create more money to pay the bills. The only way to prevent this would be to reduce the spending the same amount as the reduction in tax revenue.
TulliusCicero 3y ago
Because less tax revenue means that the government would print more money to pay its bills.
- carlosjobim 3y ago
  What's wrong with that? They're already in hyperinflation.
  - TulliusCicero 3y ago
    Are you going to acknowledge the point, or just move what we're talking about? You asked why that would lead to money printing, which I answered, then you jumped to something else.
    - carlosjobim 3y ago
      Sigh... I hereby acknowledge officially to the Hacker News poster known as Tullius Cicero, that I understood the explanation being given as to why some are of the opinion that decreased government income from labour taxation would give the same government reason to borrow more money for their budget, casually referred to as "printing money". Edit: People who are down voting could for example explain why it is acceptable to tax the labour of another human being, but not acceptable for the government to run a deficit or devalue the currency ... or default. Taxes on labour are a form of serfdom, one of the worst evils of humanity. Maybe acceptable when you have a cushy and high paid office job, but a satanic burden for those who are stuck in the hell of heavy and stressful labour for their survival.