Politics Thread: President Javier Milei - Decree of Necessity and Urgency (DNU) in real-time

[sergio]

I'm not sure if Milei's got it all figured out. Only time will see if he is effective or not. But what I do know is, before Milei swooped in, our country was in a major crisis. Milei's thrown out this idea that there's basically no cash left, except for what the government prints. And we all know that's a hot mess waiting to happen.

No clue what's really going on behind the scenes, and I bet no one on this site has the inside scoop either. But what's pretty obvious is that things were a total disaster under the last government. So, by a landslide people voted for a big change. If they messed up, what's the fix? Go back to how it was before? Wishing for Milei to lose ain't gonna fix anything without a solid alternative, you know?

 

[Cellular Shill]

I'm not sure if Milei's got it all figured out. Only time will see if he is effective or not. But what I do know is, before Milei swooped in, our country was in a major crisis. Milei's thrown out this idea that there's basically no cash left, except for what the government prints. And we all know that's a hot mess waiting to happen.

No clue what's really going on behind the scenes, and I bet no one on this site has the inside scoop either. But what's pretty obvious is that things were a total disaster under the last government. So, by a landslide people voted for a big change. If they messed up, what's the fix? Go back to how it was before? Wishing for Milei to lose ain't gonna fix anything without a solid alternative, you know?

A handful of expats throwing wishes around is like trying to make a unicorn appear—zero difference, folks! But seriously, it's a bummer that there isn't a ticket to tackle corruption without all the chainsaw antics and a side of dictatorship cheerleading. Talk about wanting the drama without the popcorn!

 

[sergio]

Totally agree with you! And, like, those Nordic countries everyone drools over for their 'socialism' are actually super capitalist. Their cool social welfare stuff only works 'cause they've got booming capitalist economies backing them up. The twist is, some US expats have cashed in on or inherited money thanks to capitalism, but they're not so keen on Argentines having the same shot. Keeping the Peronist vibe alive? Total recipe for disaster. Whether Milei can shake things up for real is still up in the air, but going back to the old government? Yeah, that's a one-way ticket to failure and ultimate doom. 🌪️✌️

 

[Vero]

A handful of expats throwing wishes around is like trying to make a unicorn appear—zero difference, folks! But seriously, it's a bummer that there isn't a ticket to tackle corruption without all the chainsaw antics and a side of dictatorship cheerleading. Talk about wanting the drama without the popcorn!

56% of Argentines voted for Milei. In Argentina terms that is a landslide.

I'm not a huge President Milei fan but I certainly respect and support the country's clear majority vote for systemic change in our country.

 

[Larry]

If things keep up this bad with Milei Argentina will become like Venezuela minus all the oil! It won't be good!

 

[Under the Radar]

If things keep up this bad with Milei Argentina will become like Venezuela minus all the oil! It won't be good!

Not sure if you've been living under a rock @Larry but you should google Vaca Muerta!

Vaca Muerta

Es un recurso de clase mundial que está cambiando la realidad energética del país a partir de la producción de gas y petróleo no convencional. Más de 30 empresas locales e internacionales ya están invirtiendo. Apuntamos a proveer a los argentinos de energía abundante, limpia y a precio accesible...

www.argentina.gob.ar

Vaca Muerta - Wikipedia

en.wikipedia.org

 

[Cheap Bastard]

Hey, can someone break down this Blanqueos y Cambios en Bienes Personales thing for me? It's part of the Omnibus law, and it sounds like they're asking all Argentina residents to spill the beans on every asset—local, foreign, cash, crypto, the whole shebang—and tax you on anything over 100k.

Like, do you really have to park all your moolah in Argentine banks for a couple of months and pay the tax fine in dollars? Am I missing something here? Saw it on TN's YouTube on Dec 28, the Reforma Fiscal Blanqueos y cambios en bienes personales. 🤷‍♂️

 

[Man on the Moon]

Hey, can someone break down this Blanqueos y Cambios en Bienes Personales thing for me? It's part of the Omnibus law, and it sounds like they're asking all Argentina residents to spill the beans on every asset—local, foreign, cash, crypto, the whole shebang—and tax you on anything over 100k.

Like, do you really have to park all your moolah in Argentine banks for a couple of months and pay the tax fine in dollars? Am I missing something here? Saw it on TN's YouTube on Dec 28, the Reforma Fiscal Blanqueos y cambios en bienes personales. 🤷‍♂️

Oh, by the way, Ex-President Macri did a kinda similar tax amnesty thing in 2016. This new Blanqueos y Cambios en Bienes Personales feels like a remix of the whole 'No hay plata!' situation we've been stuck in.

Argentine gov't proposes tax amnesty

ARGENTINA ECONOMY

www.sandiegouniontribune.com

 

[Albany]

Hey, can someone break down this Blanqueos y Cambios en Bienes Personales thing for me? It's part of the Omnibus law, and it sounds like they're asking all Argentina residents to spill the beans on every asset—local, foreign, cash, crypto, the whole shebang—and tax you on anything over 100k.

Like, do you really have to park all your moolah in Argentine banks for a couple of months and pay the tax fine in dollars? Am I missing something here? Saw it on TN's YouTube on Dec 28, the Reforma Fiscal Blanqueos y cambios en bienes personales. 🤷‍♂️

Okay, so, like, if you're a tax resident, you've always had to fully report your worldwide assets and cough up some tax for them. Now, this whole ómnibus law is just giving a nudge to those who've been slacking off. It's like, "Come clean, guys! There's an amnesty, take the chance!"

 

[Fingerless]

They have had many of these amnesties over the years. "Banqueos" as they call them. This omnibus law is just emphasizing to come clean and take advantage of the amnesty. I would think that Milei is a government hands off approach but maybe he needs to get more aggressive. Starting in 2025 I believe the IRS and AFIP are going to share information.

Maybe a strategy will be for Milei to use his new found love for the USA and threaten to move up the time table for IRS/AFIP sharing of information in 2024 instead of 2025. Even the hint of that would get many Argentines declaring their assets. I personally know a ton of people that own property in Miami and the USA and they have offshore money in the USA. Most wealthy Argentines have their money offshore mostly in the USA.

What Milei needs to do is probably share the bejesus out of them and threaten the sharing of IRS information. I know many locals that have moved their properties in the USA under names of Delaware LLC's and ALL their bank accounts under the name of Delaware LLC's now instead of their own names. They know the IRS is going to be sharing this information soon with Argentina.

The glory days for Argentines for hiding their money in the USA are probably over. Even most governments are probably going to push all the big crypto players to turn over information. Sure there are ways around it but with technology now the government will want their piece of the action.

 

[Digital Nomad]

Not sure if you've been living under a rock @Larry but you should google Vaca Muerta!

Vaca Muerta

Es un recurso de clase mundial que está cambiando la realidad energética del país a partir de la producción de gas y petróleo no convencional. Más de 30 empresas locales e internacionales ya están invirtiendo. Apuntamos a proveer a los argentinos de energía abundante, limpia y a precio accesible...

www.argentina.gob.ar

Vaca Muerta - Wikipedia

en.wikipedia.org

So, like, I've been wondering, how does Argentina's oil stack up against Saudi Arabia's? People always say Venezuela has, like, tons of oil and could be crazy rich if it weren't for their messed-up government. And then there's Argentina, which I heard has some pretty awesome oil too. Not trying to question you or anything, just trying to figure out what's going on, you know?

 

[Swowbird]

So, like, I've been wondering, how does Argentina's oil stack up against Saudi Arabia's? People always say Venezuela has, like, tons of oil and could be crazy rich if it weren't for their messed-up government. And then there's Argentina, which I heard has some pretty awesome oil too. Not trying to question you or anything, just trying to figure out what's going on, you know?

Argentina possesses less than 1% of the proven oil reserves held by either Saudi Arabia or Venezuela. The untapped oil resources in Argentina are predominantly situated in shale formations, necessitating a distinct and more intricate extraction process compared to conventional reservoirs.

 

[GlasgowJohn]

Argentina possesses less than 1% of the proven oil reserves held by either Saudi Arabia or Venezuela. The untapped oil resources in Argentina are predominantly situated in shale formations, necessitating a distinct and more intricate extraction process compared to conventional reservoirs.

INTRICATE EXTRACTION PROCESS = ITS BLOODY EXPENSIVE TO GET THE STUFF OUT THE GROUND

 

[Swowbird]

INTRICATE EXTRACTION PROCESS = ITS BLOODY EXPENSIVE TO GET THE STUFF OUT THE GROUND

Give that man a star. Yes, you took the meaning of what I meant. Ha. VERY expensive.

 

[oil rush]

INTRICATE EXTRACTION PROCESS = ITS BLOODY EXPENSIVE TO GET THE STUFF OUT THE GROUND

It's not as intricate as it once seemed. Vaca Muerta stands out as one of the most prolific reservoirs, yet it remains considerably underdeveloped. Argentina requires additional export routes and enhanced processing capacity.

Argentina possesses exceptionally high-quality oil, in stark contrast to Venezuela, where the crude requires blending with an equal amount of light crude for refining purposes. While I'm not a petroleum engineer, I work for an oil company. Additionally, there are concerns about a potential shortage of light crude globally to dilute Venezuela's Orinoco Belt sludge effectively. In essence, Argentina may have less oil compared to Venezuela, but its superior quality and greater ease of market accessibility set it apart.

 

[Dazed & Confused]

So, like, my work gig relies on Argentinians having enough cash to splurge on mobile phone services. Obviously, I'm all about Argentina doing well 'cause, you know, that's where my interests lie. But, we might not see eye to eye on how to make that happen. I'm totally vibing with some concerns about the plans and DNUs so far. And, can we talk about Milei's DNU's? Some of it feels like a throwback to the laws from the dictatorship era – kinda sketch, right?

It's not just about rolling back laws; it's also about weird, pointless stuff like making judges wear black robes and use a gavel. I mean, sure, I enjoy The People's Court and The Judge as much as the next person, but when you look at the total chaos in the country right now, how do you think, "Yeah, the court isn't dressed like Judge Whapner —that's our problem..."

I'm not saying I disagree with everything in the proposal, but it just goes to show how out of touch many people in Milei's party are. When asked for proposals for the first omnibus package of laws during an emergency session, their minds go to things like judges' outfits rather than addressing the real issues.

 

[Frosted Flakes]

It's not just about rolling back laws; it's also about weird, pointless stuff like making judges wear black robes and use a gavel. I mean, sure, I enjoy The People's Court and The Judge as much as the next person, but when you look at the total chaos in the country right now, how do you think, "Yeah, the court isn't dressed like Judge Whapner —that's our problem..."

I'm not saying I disagree with everything in the proposal, but it just goes to show how out of touch many people in Milei's party are. When asked for proposals for the first omnibus package of laws during an emergency session, their minds go to things like judges' outfits rather than addressing the real issues.

The Milei Derangement Syndrome appears to be causing some to fixate on the issue of black robes rather than acknowledging the core objective, which is the implementation of jury trials. It's intriguing how Milei faces criticism for both offering insufficient details and providing an excess of details when it comes to the proper implementation of significant initiatives.

 

[Che Vos]

I'm pretty sure that most important thing is to get more people working with good pay and fix that whole inflation mess. Having 55% of the population below the poverty line is just not gonna work for the people —it's like, no amount of subsidies or plans will fix that. We must drastically increase the exports and get some real jobs going, not just for show fake ones but legit ones.

So, like, if the things start looking up, Argentina might be more affordable than Europe or the US, but not as crazy cheap as it was in 2003. I guess some expats will hang around if they've got connections or dig the culture, but who knows, some might still forced to leave That, if we're being all optimistic and stuff. But I see many Expat more poor than me which is shocking. Many no own their apartment and get low amount from government.

I thought I was poor which I am. My family not have so much money but strange they have more money than Expat persons.

 

[Bobbie Burgers]

The Milei Derangement Syndrome appears to be causing some to fixate on the issue of black robes rather than acknowledging the core objective, which is the implementation of jury trials. It's intriguing how Milei faces criticism for both offering insufficient details and providing an excess of details when it comes to the proper implementation of significant initiatives.

Oh, yeah, because out of over 300 hefty articles on Milei's DNU;s, it's the riveting black robes one that really proves how out of touch this proposal is, right? I mean, if the DNU's were such a joke, why are all the unions and Ks fighting tooth and nail against it?

But seriously, this kind of comment just blows my mind. smart people on this new forum are clearly smart voices here, pulls this? Even my buddies in the companies on the privatization hit list hit me with the same level of "ah, pero" comments. And all I can think is, "Come on, seriously? I get it, you're worried about your job, totally fair, let's talk about it. But don't try to feed me that nonsense, especially when you're way too smart not to see through it yourself! Enough of your BS. Listen to yourselves. You sound ridiculous! Do you realize everyone is laughing at you??

 

[earlyretirement]

President Javier Milei is just getting started! 160 more regulations that hinder business are coming next week!

Architect of Argentina’s reforms says he isn’t even halfway done

His boss, newly elected President Javier Milei, has wasted no time since taking office on Dec. 10 with a popular mandate to tame inflation running above 160% and restart a stagnant economy.

www.pressherald.com