Javier Milei announced the repeal of the Land Law: what the law says
The norm establishes a limit on the purchase of rural land by foreign citizens up to 1,000 hectares in the core area or a surface equivalent depending on territorial location.
At the same time, sets at 15% the limit on all ownership of domain or possession of fields in national territory for foreign persons, both natural and legal. The objective of the law is to put a limit on the foreignization of lands.
That alone, combined with the new tax laws where he raised taxes for local companies and lower them for foreigners, it's gonna end up destroying local companies and foreigners are gonna take over.
Argentina is over, forever, sold out to the global elites.
What is the point of a nation that does not work to benefit the tribe that comprises it?
Some (many?) libertarians think the idea of nation is an evil and unnecessary detriment to free markets. In other words, just a different flavor of globalist.
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That alone, combined with the new tax laws where he raised taxes for local companies and lower them for foreigners, it's gonna end up destroying local companies and foreigners are gonna take over.
Argentina is over, forever, sold out to the global elites.
Raised them from what to what, and lowered them from what to what?
If they had protectionist tax laws to begin with, equalizing them, which is 100% in line with libertarian beliefs, would be exactly this.
Similarly, allowing foreign entities to buy land is 100% in line with libertarian beliefs.
Which is why libertarianism is a failed, meme, philosophy. What is the point of a nation that does not work to benefit the tribe that comprises it?
Some (many?) libertarians think the idea of nation is an evil and unnecessary detriment to free markets. In other words, just a different flavor of globalist.