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.
Libertarianism is utopian nonsense that just like communism ignores human nature in favor of feverish idealism. Both empower hierarchies in the hope that they'll eventually diminish their own power voluntarily (they won't).
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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.
Libertarianism is utopian nonsense that just like communism ignores human nature in favor of feverish idealism. Both empower hierarchies in the hope that they'll eventually diminish their own power voluntarily (they won't).