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Milei's Tax Cuts Trigger Austerity Trap | Argentina News
Javier Milei’s bold tax slashing spree—calling them “state robbery”—has slashed revenue by 3% of GDP, hitting foreign currency, exports, and personal property hardest. But with the economy too sluggish to compensate, cuts keep forcing deeper spending reductions, triggering an economic trap where austerity worsens stagnation. Early signs of strain are emerging: July data showed a dip in fiscal surplus and the first secondary deficit since his election—a warning that his core strategy may be unraveling. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…
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