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A comment on Argentina's New President Wants to Adopt the Dollar as the National Currency. Parent comment
With devastating consequences for the middle class.
It's printing money to keep entitlements for the poor and to keep the rich from paying for those entitlements (more than they already are).
Does Argentina even have a middle class anymore?
I was looking at wealth inequality - and to be in the top 10% in Argentina - you need barely more than $100k.
It seems like, historically, a decent chunk of the top 10% wouldn't even count as middle class in Argentina right now.
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With devastating consequences for the middle class.
It's printing money to keep entitlements for the poor and to keep the rich from paying for those entitlements (more than they already are).
Does Argentina even have a middle class anymore?
I was looking at wealth inequality - and to be in the top 10% in Argentina - you need barely more than $100k.
It seems like, historically, a decent chunk of the top 10% wouldn't even count as middle class in Argentina right now.