It's pretty funny that he's fleeing the US for fear of instability and rising anti-oligarch sentiment to Argentina. As though their collapsing society will treat him much better when the shit hits the fan.
Yup corporations that don't think they should pay taxes are entitled. You didn't school the populace, build the roads, provide natural disaster relief, etc to make your company possible in the first place.
I guess that makes things like roads, schools, and hospitals a ‘handout’
In an interview with Joe Rogan on YouTube, Peter Thiel said that if people want roads, they should come together and build them or pay for them to be built.
Billionaires don't need roads, hospitals and schools for their own family.
What they do need is a large marketplace of wealthy customers to buy their products, a large pool of educated people to choose their employees from, safe global transportation, a trust based economy where contracts can be relied on, where the fallback of using the court system is reliable enough that courts or extra judicial means are very rarely needed.
IOW billionaires need modern Western society far more than modern society needs them.
I wonder why he thinks Milei is going to bring continued change over time? Argentina's economy has been a mess as long as I can remember, decades and decades. Why is Milei so different that's he's willing to move there? He must really see a change he can exploit.
Interesting. I could speculate as to why, but has he said anything besides the anti-christ thing? That thing wasn't illuminative in any way. So is it:
* fear of new wealth taxes in the US styled in the California way
* fear of being shot like UHC CEO
* legal retaliation from a new adminstration
Perhaps a little of each but what weighting? And what else? Personally, I'm definitely working to ensure my wife and children have OCI status and their Taiwanese citizenship locked in so that we have escape hatches.
many countries offer the Investment Visa option. Canada does, as do places like NZ:
> New Zealand offers the Active Investor Plus Visa, which requires a minimum investment of NZD $5 million for the Growth category or NZD $10 million for the Balanced category. This visa allows investors to live, work, and study in New Zealand, with pathways to permanent residency after maintaining the investment for the required period.
After 5 years of investment, the visa holders can apply for Permanent Resident status, and after 5 years of PR, citizenship.
Thiel buys 3 Hungry Jack's and creates an IT consultancy company + some land deals, then rides em to citizenship.
He is a profound believer in the absolute freedom of the individual, provided that specific individual is him, and perhaps three of his closest friends.
> Thiel has purchased a six-bedroom mansion in Palermo Chico, a leafy central neighbourhood full of embassies. He has also bought land to build a home near Punta del Este, a Uruguayan beach town popular with Argentina’s wealthy, said one person familiar with his plans.
Great. So he is doing to Argentina, and now Uruguay, what he did to America
it's still a work in progress for the Thiel-Yarvin crowd.
part of their goal for domination is/was eventually pushing for a civil war and abolishing the US Fed gov. that's gonna be a... messy... process, and one that will probably involve lots of groups purging one another, Robespierre-style.
presumably, he'd prefer to sit that out. gotta worry about the Roth IRA money but otherwise can chill out in a different hemisphere while his minions do the dirty work.
put another way, if you're doing be renovations of your house you move out to a sublet for a few months while they demo the place.
> “This idea of wealth taxes on the super-rich has a clear connotation of envy,” Milei told Neura. “We consider taxes to be theft.”
> “The billionaires of the world who want to flee increasingly high-regulation and high-tax countries are very welcome to come to Argentina, the new land of freedom,” Adorni said.
How true is this in practice? Argentina's income taxes are not low by any standard (35%), capital gains are not zero (15%), and there is a wealth tax if you hold foreign assets.
I happen to be Argentinean, and got out of the country around 2 decades ago because of the trouble and practical taxation when working remote for foreign companies.
I definitely like what this article says, but it doesn't seem to hold true at the moment? That said, I might be missing something, as I've been mostly detached from Argentina's economics and politics for a long time now.
> … connotation of envy. We consider taxes to be theft.
Wow. Envy. I don’t think there’s any way to refute this that would click with those that believe in it. Just… impressive.
I had some income on Germany’s 42% bracket. The marginal tax ends up lower. Regardless, I was constantly appalled by how envious everyone is. That 1% solidarity tax: envy. My public, not-for-profit health insurance: envy. I don’t know. I’m sure people at a hospital are going there just to spite people that earn lots of money.
Yeah, it’s envy. Nobody wants a good, shared society, and it’s clearly not been skewed towards making life harder for the low and middle classes. Nah. We’re just jealous mate.
I want my family to be healthy and happy. My kid to grow up in a comfortable-ish world without climate catastrophes. He’ll go to public school. Has a library card. You know, the basics. We don’t need a million euros. We don’t give a shit about the billionaire lifestyle.
Taxes are theft, sure, but one we collectively agree with in return for… well, everything else.
My partner touches the 40% bracket in Belgium. 40% hurts when you know a millionaire or even billionaire here will pay marginally less because of how we tax wealth and capital gains. But it’s alright, taxes are lower on the lower brackets; and a great deal that is, because those with less get the same benefits while paying less! Crazy, right? What a stupid system… (/s)
These people might want to put down Atlas Shrugged and read some Pratchett, maybe a Tolkien. I don’t know, something chill and heart-warming.
44 comments
[ 2.7 ms ] story [ 70.1 ms ] thread> And he’s not the first German to have found sanctuary in Argentina!
In an interview with Joe Rogan on YouTube, Peter Thiel said that if people want roads, they should come together and build them or pay for them to be built.
https://youtu.be/klRb0_BAX9g?si=6GPB2Edq12Xzl3AY
It's 3.5 hours and I can't give a timestamp where exactly he said that and I really, really don't want to watch that again, so here's the transcript if you want to search: https://podcasts.happyscribe.com/the-joe-rogan-experience/21....
What they do need is a large marketplace of wealthy customers to buy their products, a large pool of educated people to choose their employees from, safe global transportation, a trust based economy where contracts can be relied on, where the fallback of using the court system is reliable enough that courts or extra judicial means are very rarely needed.
IOW billionaires need modern Western society far more than modern society needs them.
* fear of new wealth taxes in the US styled in the California way
* fear of being shot like UHC CEO
* legal retaliation from a new adminstration
Perhaps a little of each but what weighting? And what else? Personally, I'm definitely working to ensure my wife and children have OCI status and their Taiwanese citizenship locked in so that we have escape hatches.
> New Zealand offers the Active Investor Plus Visa, which requires a minimum investment of NZD $5 million for the Growth category or NZD $10 million for the Balanced category. This visa allows investors to live, work, and study in New Zealand, with pathways to permanent residency after maintaining the investment for the required period.
After 5 years of investment, the visa holders can apply for Permanent Resident status, and after 5 years of PR, citizenship.
Thiel buys 3 Hungry Jack's and creates an IT consultancy company + some land deals, then rides em to citizenship.
https://www.rnz.co.nz/news/national/334094/us-billionaire-sp...
Argentina is way more politically unstable than the US and has a long socialist history.
If I were an arch-capitalist techno overlord, I would move to Singapore.
He’s evading consequences for causing it.
Great. So he is doing to Argentina, and now Uruguay, what he did to America
part of their goal for domination is/was eventually pushing for a civil war and abolishing the US Fed gov. that's gonna be a... messy... process, and one that will probably involve lots of groups purging one another, Robespierre-style.
presumably, he'd prefer to sit that out. gotta worry about the Roth IRA money but otherwise can chill out in a different hemisphere while his minions do the dirty work.
put another way, if you're doing be renovations of your house you move out to a sublet for a few months while they demo the place.
> “The billionaires of the world who want to flee increasingly high-regulation and high-tax countries are very welcome to come to Argentina, the new land of freedom,” Adorni said.
How true is this in practice? Argentina's income taxes are not low by any standard (35%), capital gains are not zero (15%), and there is a wealth tax if you hold foreign assets.
I happen to be Argentinean, and got out of the country around 2 decades ago because of the trouble and practical taxation when working remote for foreign companies.
I definitely like what this article says, but it doesn't seem to hold true at the moment? That said, I might be missing something, as I've been mostly detached from Argentina's economics and politics for a long time now.
Wow. Envy. I don’t think there’s any way to refute this that would click with those that believe in it. Just… impressive.
I had some income on Germany’s 42% bracket. The marginal tax ends up lower. Regardless, I was constantly appalled by how envious everyone is. That 1% solidarity tax: envy. My public, not-for-profit health insurance: envy. I don’t know. I’m sure people at a hospital are going there just to spite people that earn lots of money.
Yeah, it’s envy. Nobody wants a good, shared society, and it’s clearly not been skewed towards making life harder for the low and middle classes. Nah. We’re just jealous mate.
I want my family to be healthy and happy. My kid to grow up in a comfortable-ish world without climate catastrophes. He’ll go to public school. Has a library card. You know, the basics. We don’t need a million euros. We don’t give a shit about the billionaire lifestyle.
Taxes are theft, sure, but one we collectively agree with in return for… well, everything else.
My partner touches the 40% bracket in Belgium. 40% hurts when you know a millionaire or even billionaire here will pay marginally less because of how we tax wealth and capital gains. But it’s alright, taxes are lower on the lower brackets; and a great deal that is, because those with less get the same benefits while paying less! Crazy, right? What a stupid system… (/s)
These people might want to put down Atlas Shrugged and read some Pratchett, maybe a Tolkien. I don’t know, something chill and heart-warming.