Argentina economy early 20th century rivaled U.S. then what happened?

Discussion in 'More Serious Topics' started by Joeslogic, Dec 3, 2010.

  1. Joeslogic

    Joeslogic Active Member

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    Then a Progressive was elected in 1916. and the economy started to change for the worse.

    His campaign message "A Fundamental Change" was needed.

    He forced mandatory health and pension insurance among other socialist ideas which he taxed the shit out of the people to pay for. But this did not mean they had enough money his government programs grew like government programs always do and deficits ensued.

    But then it gets worse mid-20th Century.

    Juan Domingo Perón who capitalized on the misery brought upon by his predecessor's populist agenda and sold the line of BS that more Socialism was needed. He was pro-union and encouraged the growth of unions as well as expanded ever more the already massive government programs.

    Peron's policies ultimately led to hyper inflation reaching as high as 3000%.The countries public pensions eventually imploded and payroll tax went from 5 to 26%.
    That was not enough so Argentina implemented a VAT or Value added tax.

    IS THIS STARTING TO SOUND FAMILIAR?

    1902 Argentina was on top of the world. With all the potential to achieve its dreams.
    2000 in the shitter socialist country and miserable.

    It took a lot of time and misery creating problems and offering up more government as the solution, raising taxes and going in debt. The American Democrats now preying on the ignorant masses and proposing more taxes and bigger government will be cold dead in the grave gone when it all implodes big time leaving our future generations to pick up all the pieces.

    Like Venezuela Argentina has all the resources it could ever need a perfect recipe for success. There is no reason except for Socialism for them to not be two of the best places in the world to live.
     
  2. Joeslogic

    Joeslogic Active Member

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    Bumping past the adds
     

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