Comment Re:Greetings from Argentina (Score 2) 294
We now have a steady 25-30% yearly inflation rate, and salaries are not being able to keep up thanks to a regresive tax called "Impuesto a las Ganancias" (Profit Tax) that is being applied to workers. Yes, to our government, your salary is a profit, so the more you earn, the more you have to pay. Did I mention that said tax doesn't apply to Finances? That's right, if you work in finances, and you do a few extra hours and make AR$100k, you pay nothing, but if you are a worker that pulls a few extra hours to put your salary up to a certain point (AR$10k) you have to pay the tax, and probably end up losing the money you earned in those extra hours and even more!
Factories are forcing vacation on its workforce and lowering activities, and the government is paying part of the salaries just to keep the factories from firing people. FIAT Automotor is suspending 1800 workers, a 60% of its workforce in its factory in Cordoba because they can't sell their production, due to export limits and exchange issues.
Then there is crime, drug related crimes, small business closing because they can't keep up with paying all the ammount of taxes related to owning a business and the taxes related to having an employee, etc.
And i know what I'm talking about, i was born, raised, and live in Argentina for the past 35 years.