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Thiel moves family to Milei's libertarian Argentina
- mmarian 5mo agohttps://archive.is/C11Dj https://archive.is/C11Dj
- SlightlyLeftPad 5mo agoThe least he could do is keep his family in the country he’s helping destroy.
- onlyrealcuzzo 5mo agoThe whole point of destroying a country is to raid it of its wealth and to get out before it burns to the ground... No one has the honor to ride a ship into the ground. These days the captains would jump ship at the site of an iceberg and leave everyone to a certain death if there was a chance they'd lose 1 dollar.
- culi 5mo agoThe longer we go without a wealth tax the more we're allowing ourselves to be raided
- SlightlyLeftPad 5mo agoThe billionaires can’t handle “losing” money to taxes so they’d just never come here. Whether that would prevent the raid or enable it remains to he seen.
- xboxnolifes 5mo agoGuess they won't be billionaires then. Cut off their nose to spite the face and all that.
- culi 5mo agoUntil they piss off people there too and wealth taxes are adopted there as well. The less havens they have the better Besides, the proposed wealth tax specifically includes provisions to capture billionaires attempting to flee state taxes
- stephbook 5mo agoRelated: https://en.wikipedia.org/wiki/Ratlines_(World_War_II) https://en.wikipedia.org/wiki/Ratlines_(World_War_II)
- Markoff 5mo agoyeah, but Argentina has extradition treaty with US, he would stand better chance in Bolivia or Ecuador if it has to be America
- Aboutplants 5mo ago[flagged]
- jprd 5mo agoGood.
- idle_zealot 5mo agoIt's pretty funny that he's fleeing the US for fear of instability and rising anti-oligarch sentiment to Argentina. As though their collapsing society will treat him much better when the shit hits the fan.
- rbanffy 5mo agoHe can fly out when it bounces off the fan but well before it splashes on him.
- ceejayoz 5mo agoHistory sure rhymes.
- FabHK 5mo agoTop comment on FT: > And he’s not the first German to have found sanctuary in Argentina!
- PedroBatista 5mo ago[flagged]
- laweijfmvo 5mo ago“This idea of wealth taxes on the super-rich has a clear connotation of envy,” Milei told Neura. “We consider taxes to be theft.” I guess that makes things like roads, schools, and hospitals a ‘handout’
- culi 5mo agoYup corporations that don't think they should pay taxes are entitled. You didn't school the populace, build the roads, provide natural disaster relief, etc to make your company possible in the first place.
- frm88 5mo agoI guess that makes things like roads, schools, and hospitals a ‘handout’ In an interview with Joe Rogan on YouTube, Peter Thiel said that if people want roads, they should come together and build them or pay for them to be built. https://youtu.be/klRb0_BAX9g?si=6GPB2Edq12Xzl3AY https://youtu.be/klRb0_BAX9g?si=6GPB2Edq12Xzl3AY It's 3.5 hours and I can't give a timestamp where exactly he said that and I really, really don't want to watch that again, so here's the transcript if you want to search: https://podcasts.happyscribe.com/the-joe-rogan-experience/2190-peter-thiel https://podcasts.happyscribe.com/the-joe-rogan-experience/21....
- 113 5mo ago> come together and build them or pay for them to be built That's just taxes!
- rbanffy 5mo agoThat is what we used to call a government. We pool together, choose who’ll manage the project, and fund it.
- port11 5mo agoIf any corporation wants a bailout, it should… I don’t know, actually. In their model, it should simply go bankrupt? Okay, let’s do that.
- deleted 5mo ago[deleted]
- qsxfthnkp2322 5mo agoIs Argentina the new Florida because Palantir is destroying America?
- rbanffy 5mo agoIt has been a prime destination for nazis for a long time. I guess they have a friendly government now.
- qsxfthnkp2322 5mo agoBut I heard Thiel say Elon said USA is the only place left.
- WheelsAtLarge 5mo agoI wonder why he thinks Milei is going to bring continued change over time? Argentina's economy has been a mess as long as I can remember, decades and decades. Why is Milei so different that's he's willing to move there? He must really see a change he can exploit.
- rbanffy 5mo agoArgentina is, indeed, quite puzzling. They shouldn’t be a mess, and they should vote better, but, yet, they never get to have a stable period of progress.
- culi 5mo agoMaybe this will help https://en.wikipedia.org/wiki/Military_coups_in_Argentina https://en.wikipedia.org/wiki/Military_coups_in_Argentina There are only two countries in the entire South America that DO NOT have the experience of having a democratically elected leader overthrown in a US-backed coup.
- rich_sasha 5mo agoIronically, to complete the pattern, the US has just established a (hereditary?) dictatorship in it's own green land. Via elections.
- culi 5mo agoNot picking up what you're referencing. Care to expand?
- red-iron-pine 5mo agotrump tax rulings
- culi 5mo agooh "green land" not "greenland". Got it
- arjie 5mo agoInteresting. I could speculate as to why, but has he said anything besides the anti-christ thing? That thing wasn't illuminative in any way. So is it: * fear of new wealth taxes in the US styled in the California way * fear of being shot like UHC CEO * legal retaliation from a new adminstration Perhaps a little of each but what weighting? And what else? Personally, I'm definitely working to ensure my wife and children have OCI status and their Taiwanese citizenship locked in so that we have escape hatches.
- pan69 5mo ago> so that we have escape hatches From what? Those 3 things you point out above?
- cr125rider 5mo agoYeah Taiwan isn’t under any sort of threat these days, good thinking /s
- the_gastropod 5mo agoYou'll find that Americans tend to vastly overestimate how much people in Taiwan actually think about the threat of China. Is there a threat? Yea. But its likelihood is very much still unknown. In the meantime, Taiwan offers a pretty excellent quality of life, and it's a great option to have in your back pocket, if you're fortunate enough to have a legal pathway to live there.
- freitasm 5mo agoWell, rather him and family go to Argentina, than come to New Zealand, where he's got his citizenship for doing... nothing.
- PlunderBunny 5mo agoAs a New Zealander, I'd like to hope he 'did nothing' to get that citizenship, but I'm afraid it probably wasn't nothing.
- red-iron-pine 5mo agomany countries offer the Investment Visa option. Canada does, as do places like NZ: > New Zealand offers the Active Investor Plus Visa, which requires a minimum investment of NZD $5 million for the Growth category or NZD $10 million for the Balanced category. This visa allows investors to live, work, and study in New Zealand, with pathways to permanent residency after maintaining the investment for the required period. After 5 years of investment, the visa holders can apply for Permanent Resident status, and after 5 years of PR, citizenship. Thiel buys 3 Hungry Jack's and creates an IT consultancy company + some land deals, then rides em to citizenship.
- PlunderBunny 5mo agoYeah, but Peter Thiel skipped the line for his NZ citizenship: https://www.rnz.co.nz/news/national/334094/us-billionaire-spent-12-days-in-nz-before-citizenship https://www.rnz.co.nz/news/national/334094/us-billionaire-sp...
- rbanffy 5mo agoWhy is this being flagged? It’s the FT, it’s factual, and we can deal with misconduct by flagging the individual comments.
- canyp 5mo agoMaybe dang can respond. I am curious if this was flagged by users or just censored by mods.
- andrewflnr 5mo agoFlagging is generally a user action, that mods sometimes override. I think there's a karma floor but otherwise anyone can do it.
- QuantumNomad_ 5mo ago> Hacker News Guidelines > What to Submit > […] > Off-Topic: Most stories about politics, or crime, or sports, or celebrities, unless they're evidence of some interesting new phenomenon. If they'd cover it on TV news, it's probably off-topic. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- ceejayoz 5mo agoYou think a major tech titan noping out to Argentina after burning down the system isn’t an interesting phenomenon?
- moscoe 5mo agoI wish this were enforced broadly. Tired of seeing politics on the front page. I come here to avoid that crap.
- baal80spam 5mo agoYes, 100%.
- cherry_tree 5mo ago
- paulpauper 5mo agoso anyone have anything positive to say about him?
- stevenalowe 5mo agoI’m glad he’s gone
- karmakurtisaani 5mo ago"Peter Thiel knows about the antichrist.."
- port11 5mo agoHe is a profound believer in the absolute freedom of the individual, provided that specific individual is him, and perhaps three of his closest friends.
- red-iron-pine 5mo agothiel doesn't have friends he has assets or challenges.
- port11 5mo agoBet he has his family in a CRM and thinks of them as P&L!
- comrade1234 5mo agoHe still has to pay USA taxes no matter where he moves.
- ceejayoz 5mo agoSure, but he'll have optimized those away already.
- red-iron-pine 5mo agonot if it's all in his Roth IRA, which it famously is
- copx 5mo agoMoving to Argentina to avoid political instability is like moving to Nigeria to avoid black people. Argentina is way more politically unstable than the US and has a long socialist history. If I were an arch-capitalist techno overlord, I would move to Singapore.
- ceejayoz 5mo agoHe’s not really evading instability. He’s evading consequences for causing it.
- port11 5mo agoAfghanistan has a very, very competitive tax rate, and he won’t have to sponsor road construction or practically anything else. What a dream!
- red-iron-pine 5mo agoyeah but the difference is that he can control the instability.
- Ancalagon 5mo agowussy
- aanet 5mo ago> Thiel has purchased a six-bedroom mansion in Palermo Chico, a leafy central neighbourhood full of embassies. He has also bought land to build a home near Punta del Este, a Uruguayan beach town popular with Argentina’s wealthy, said one person familiar with his plans. Great. So he is doing to Argentina, and now Uruguay, what he did to America
- thiht 5mo agoBut I thought they were making America great
- rbanffy 5mo agoI doubt he’ll stop shaping America into what he thinks is great for him.
- citadel_melon 5mo agoThiel is using Bad Bunny’s definition of America
- port11 5mo agoIt’s done, it’s great, fantastic and even unparalleled. Thiel is gonna do the same with Argentina, the acronym even remains the same so the China-made hats can be reused.
- red-iron-pine 5mo ago
- penguin_booze 5mo agoThis guy should not be allowed to get out of america.
- jviotti 5mo ago> “This idea of wealth taxes on the super-rich has a clear connotation of envy,” Milei told Neura. “We consider taxes to be theft.” > “The billionaires of the world who want to flee increasingly high-regulation and high-tax countries are very welcome to come to Argentina, the new land of freedom,” Adorni said. How true is this in practice? Argentina's income taxes are not low by any standard (35%), capital gains are not zero (15%), and there is a wealth tax if you hold foreign assets. I happen to be Argentinean, and got out of the country around 2 decades ago because of the trouble and practical taxation when working remote for foreign companies. I definitely like what this article says, but it doesn't seem to hold true at the moment? That said, I might be missing something, as I've been mostly detached from Argentina's economics and politics for a long time now.
- port11 5mo ago> … connotation of envy. We consider taxes to be theft. Wow. Envy. I don’t think there’s any way to refute this that would click with those that believe in it. Just… impressive. I had some income on Germany’s 42% bracket. The marginal tax ends up lower. Regardless, I was constantly appalled by how envious everyone is. That 1% solidarity tax: envy. My public, not-for-profit health insurance: envy. I don’t know. I’m sure people at a hospital are going there just to spite people that earn lots of money. Yeah, it’s envy. Nobody wants a good, shared society, and it’s clearly not been skewed towards making life harder for the low and middle classes. Nah. We’re just jealous mate. I want my family to be healthy and happy. My kid to grow up in a comfortable-ish world without climate catastrophes. He’ll go to public school. Has a library card. You know, the basics. We don’t need a million euros. We don’t give a shit about the billionaire lifestyle. Taxes are theft, sure, but one we collectively agree with in return for… well, everything else. My partner touches the 40% bracket in Belgium. 40% hurts when you know a millionaire or even billionaire here will pay marginally less because of how we tax wealth and capital gains. But it’s alright, taxes are lower on the lower brackets; and a great deal that is, because those with less get the same benefits while paying less! Crazy, right? What a stupid system… (/s) These people might want to put down Atlas Shrugged and read some Pratchett, maybe a Tolkien. I don’t know, something chill and heart-warming.