Argentinian here. Article has some flaws that could cause a different perception of the situation:
- The income tax isn't really "eliminated", that's not right, it just has a higher starting point and is now indexed to the monthly wage. Otherwise it required yearly updates that were quite messy. It starts to apply to gross salaries above 15x the minimum monthly wage (the starting point used to be WAY lower).
- 1.7 million pesos isn't really 5k USD, as no one has access to that exchange rate. It's more like 1800~2000 USD monthly.
Overall I think it's a good measure, but it still doesn't tackle the elephant(s) in the room: Having >40% poverty, having an unrealistic exchange rate, low minimum wage, informal economy and workers, problems renting/buying real-state, unsatisfactory education results...
- The income tax isn't really "eliminated", that's not right, it just has a higher starting point and is now indexed to the monthly wage. Otherwise it required yearly updates that were quite messy. It starts to apply to gross salaries above 15x the minimum monthly wage (the starting point used to be WAY lower).
- 1.7 million pesos isn't really 5k USD, as no one has access to that exchange rate. It's more like 1800~2000 USD monthly.
Overall I think it's a good measure, but it still doesn't tackle the elephant(s) in the room: Having >40% poverty, having an unrealistic exchange rate, low minimum wage, informal economy and workers, problems renting/buying real-state, unsatisfactory education results...