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(BBC-US)   Argentina has decided to tackle COVID in the most un-American way possible   (bbc.com) divider line
    More: Interesting, Million, Affect, Report, Natural gas, AFP news agency, law's authors, medical supplies, fifth country  
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3700 clicks; posted to Politics » on 06 Dec 2020 at 7:20 PM (18 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



48 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2020-12-06 5:02:38 PM  
Now Argentina is passing the US.
 
2020-12-06 5:04:43 PM  
Don't cry for them.
 
2020-12-06 5:32:10 PM  
 
2020-12-06 5:32:59 PM  

PainInTheASP: Don't cry for them.


I hate you
 
2020-12-06 5:58:32 PM  
Again????
 
2020-12-06 6:26:30 PM  
Argentina realizes that those wealthy 12,000 families stole that money from the poors to begin with.
 
2020-12-06 7:22:43 PM  

Notabunny: https://www.marketwatch.com/story/wal​l​-street-and-finance-workers-could-get-​covid-vaccines-before-most-americans-1​1607119149


What's a bank teller?
 
2020-12-06 7:23:26 PM  

Notabunny: https://www.marketwatch.com/story/wal​l​-street-and-finance-workers-could-get-​covid-vaccines-before-most-americans-1​1607119149


It would be nice to go, like, a day without seeing more proof that our society is shiatting itself to death
 
2020-12-06 7:25:43 PM  
The real american way to do things would be to text the poor for this vaccine and make sure it goes to the wealthy first.
 
2020-12-06 7:26:01 PM  
Fark user imageView Full Size
 
2020-12-06 7:26:03 PM  

Gubbo: The real american way to do things would be to text the poor for this vaccine and make sure it goes to the wealthy first.


Nuts to you autocorrect
 
2020-12-06 7:26:25 PM  

Alebak: It would be nice to go, like, a day without seeing more proof that our society is shiatting itself to death


Fark user imageView Full Size
 
2020-12-06 7:31:53 PM  
Wow, so did they double it?
 
2020-12-06 7:31:57 PM  

styckx: PainInTheASP: Don't cry for them.

I hate you


That pun was in-Evita-ble.
 
2020-12-06 7:32:15 PM  
Ca. is now number one in the nation with over 50,000 new cases in just the past 2 days ..  Stay home , wear a mask if you must go out .. Stay safe farkers ..
 
2020-12-06 7:32:43 PM  

Gubbo: The real american way to do things would be to text the poor for this vaccine and make sure it goes to the wealthy first.


Don't forget don't let the vaccine be covered by insurance and everyone has to take a huge loan out to pay for it.
 
2020-12-06 7:37:39 PM  
Didn't Argentina default on its debt (again!) just a few months ago?

I wouldn't look to them for any kind of fiscal responsibility, even if we agree in some small way with the methodology.
 
2020-12-06 7:40:47 PM  
If we pushed COVID costs to the rich in the US, I bet a lot of rich repubs would start pushing masks.
 
2020-12-06 7:41:35 PM  
Good for them.
 
2020-12-06 7:45:11 PM  
And that's the sound of American hegemony gone down the drain. Bye bye austerity and tax breaks, you belong to Donald Trump, the rich guy who doesn't pay taxes.

He broke the American facade that the rich pay for things.
 
2020-12-06 7:46:24 PM  
It'll end up back in their hands by the end of the business day anyways.
 
2020-12-06 7:48:09 PM  

Shaggy_C: Didn't Argentina default on its debt (again!) just a few months ago?

I wouldn't look to them for any kind of fiscal responsibility, even if we agree in some small way with the methodology.


Yep.

They decided to put the needs of their own country ahead of the parasite investors who bought their debt for pennies on the dollar and who have actually not invested a single farking penny into their economy. And now they are taxing their wealthiest citizens instead of diluting their currency or instituting austerity.

The next thing you know, they will be expecting that their wealthy bring home some of the money they have parked oversees or here in the US instead so they can make even more tax free money via arbitrage!  It's like the French Revolution or something!
 
2020-12-06 7:48:14 PM  
Everyone who has more than 1 billion dollars should be taxed for the extra.
 
2020-12-06 7:55:18 PM  

theflatline: Argentina realizes that those wealthy 12,000 families stole that money from the poors to begin with.


I doubt that. People with money DGAF.
 
2020-12-06 7:56:21 PM  
This thread is getting deleted so: black lives matter, insulin is too expensive, join a credit union, and wear a farking mask you cretin
 
2020-12-06 7:57:03 PM  

mikalmd: Ca. is now number one in the nation with over 50,000 new cases in just the past 2 days ..  Stay home , wear a mask if you must go out .. Stay safe farkers ..


My "essential worker" ass is still out here in the golden state masked up and washing my hands like I have OCD. I've already warned my parents I won't be there for Christmas since I'm out here 50-60 hours a week and it's just too big a risk.

California being the most populous would seem to naturally correlate to the most cases, but I'd love to see some per capita numbers of the Dakotas and other yeehaw states vs Cali.
 
2020-12-06 8:00:21 PM  
But all the rich people will leave the country for a backward shiathole like the US!
 
2020-12-06 8:09:36 PM  
It's probably best to suspend eating them during a pandemic.
 
2020-12-06 8:19:47 PM  

capn' fun: Shaggy_C: Didn't Argentina default on its debt (again!) just a few months ago?

I wouldn't look to them for any kind of fiscal responsibility, even if we agree in some small way with the methodology.

Yep.

They decided to put the needs of their own country ahead of the parasite investors who bought their debt for pennies on the dollar and who have actually not invested a single farking penny into their economy. And now they are taxing their wealthiest citizens instead of diluting their currency or instituting austerity.

The next thing you know, they will be expecting that their wealthy bring home some of the money they have parked oversees or here in the US instead so they can make even more tax free money via arbitrage!  It's like the French Revolution or something!


Dude, tax an intro class to economics.
 
2020-12-06 8:25:35 PM  
Caring about other people?

Oh nope.
 
2020-12-06 8:28:55 PM  
Responsibly?
 
2020-12-06 8:31:36 PM  

capn' fun: They decided to put the needs of their own country ahead of the parasite investors who bought their debt for pennies on the dollar and who have actually not invested a single farking penny into their economy.


That's not how bond sales work. That's not how any of this works. Bond holders don't invest in the country, they give cash to the government in the short term so that the government can choose how to invest in their country. FDI would actually be much better for Argentina, as it would bypass the Argentine government who are the real "bad guys" here.

The increased interest rates alone from another default are going to cause future generations billions over the coming decades.
 
2020-12-06 8:32:46 PM  
Nice Argentina.
Can we just go ahead and make a loot pinata out of Jeff Bezos to fund the entire nation for a several months now?
 
2020-12-06 8:38:52 PM  

Alebak: Notabunny: https://www.marketwatch.com/story/wall​-street-and-finance-workers-could-get-​covid-vaccines-before-most-americans-1​1607119149

It would be nice to go, like, a day without seeing more proof that our society is shiatting itself to death


Yes, it would. I now have you favourited with that just to be reminded to see if that day ever comes.
 
2020-12-06 8:39:38 PM  
"Centre-right party Juntos por el Cambio reportedly described it as "confiscatory"."

LOL the cry of every single rightie, every time. BAWW
 
2020-12-06 9:07:44 PM  

capn' fun: Shaggy_C: Didn't Argentina default on its debt (again!) just a few months ago?

I wouldn't look to them for any kind of fiscal responsibility, even if we agree in some small way with the methodology.

Yep.

They decided to put the needs of their own country ahead of the parasite investors who bought their debt for pennies on the dollar and who have actually not invested a single farking penny into their economy. And now they are taxing their wealthiest citizens instead of diluting their currency or instituting austerity.

The next thing you know, they will be expecting that their wealthy bring home some of the money they have parked oversees or here in the US instead so they can make even more tax free money via arbitrage!  It's like the French Revolution or something!


The only thing sadder than the level of knowledge demonstrated by this post are the five smarts it got.
 
2020-12-06 9:08:40 PM  
CaptainCliche:

California being the most populous would seem to naturally correlate to the most cases, but I'd love to see some per capita numbers of the Dakotas and other yeehaw states vs Cali.

The numbers in Red States need a big asterisk because of "it's fake, so why get tested" and GOP official and cultist suppressing numbers to make the Orange God look good.
 
2020-12-06 9:26:04 PM  

Shaggy_C: capn' fun: They decided to put the needs of their own country ahead of the parasite investors who bought their debt for pennies on the dollar and who have actually not invested a single farking penny into their economy.

That's not how bond sales work. That's not how any of this works. Bond holders don't invest in the country, they give cash to the government in the short term so that the government can choose how to invest in their country. FDI would actually be much better for Argentina, as it would bypass the Argentine government who are the real "bad guys" here.

The increased interest rates alone from another default are going to cause future generations billions over the coming decades.


We're not talking about munis to build a new water treatment plant in Indiana. Google "sovereign debt markets"; I don't have time or the inclination to write an essay explaining how many countries like Argentina have churned their debt multiple times, each time being able to find investors interested in the high risk/high return nature of bonds available for as little as 20% of face value while offering as much as 60% when they are paid. And as long as enough are paid (directly or via refinancing), the country keeps chugging along, constantly juggling demands from the IMF and creditors versus keeling their economies healthy enough to service their debt and still function.

The point being-none of the creditors who are waiting to be paid at this point ever actually invested a peso in Argentina. They bought high risk/high yield debt during one of several rounds of refinancing. Now they are getting the "high risk" instead of the "high yield". Boo farking hoo. They might only make $2 from $1 instead of $5, or have to make their money on the back end as capital losses, or any of a half dozen legal private equity and junk bond investors in NY and London ratfark perpetually developing economies.
 
2020-12-06 10:16:28 PM  
CIA coup in 5... 4.. 3..
 
2020-12-06 10:38:45 PM  

Shaggy_C: Didn't Argentina default on its debt (again!) just a few months ago?

I wouldn't look to them for any kind of fiscal responsibility, even if we agree in some small way with the methodology.


Well maybe if they taxed their rich more they wouldn't have to default.

Ever think of that, smartypants?
 
2020-12-06 11:07:54 PM  

olorin604: Notabunny: https://www.marketwatch.com/story/wall​-street-and-finance-workers-could-get-​covid-vaccines-before-most-americans-1​1607119149

What's a bank teller?


The state of 'er finances?
 
2020-12-06 11:23:52 PM  

Lonestar: Everyone who has more than 1 billion dollars should be taxed for the extra.


At 90%.
 
2020-12-07 12:22:04 AM  
A lot of politicians in America are rich, they wouldn't want to do that to themselves.
 
2020-12-07 1:14:37 AM  

CaptainCliche: mikalmd: Ca. is now number one in the nation with over 50,000 new cases in just the past 2 days ..  Stay home , wear a mask if you must go out .. Stay safe farkers ..

My "essential worker" ass is still out here in the golden state masked up and washing my hands like I have OCD. I've already warned my parents I won't be there for Christmas since I'm out here 50-60 hours a week and it's just too big a risk.

California being the most populous would seem to naturally correlate to the most cases, but I'd love to see some per capita numbers of the Dakotas and other yeehaw states vs Cali.


Stay safe .. I'm the bay area and staying inside as much as possible ..
 
2020-12-07 1:26:35 AM  

mikalmd: CaptainCliche: mikalmd: Ca. is now number one in the nation with over 50,000 new cases in just the past 2 days ..  Stay home , wear a mask if you must go out .. Stay safe farkers ..

My "essential worker" ass is still out here in the golden state masked up and washing my hands like I have OCD. I've already warned my parents I won't be there for Christmas since I'm out here 50-60 hours a week and it's just too big a risk.

California being the most populous would seem to naturally correlate to the most cases, but I'd love to see some per capita numbers of the Dakotas and other yeehaw states vs Cali.

Stay safe .. I'm the bay area and staying inside as much as possible ..


Also go to worldometers.info/ coronavirus/country /usa and it will give you all of that info you want. I've been using it for over six months  . Click on each state and it will give you each county ..
 
2020-12-07 2:14:31 AM  
With a sexy tango?

Oh..just a tax...well...ok....
 
2020-12-07 7:43:05 AM  
It is quite convenient that 60% of the tax doesn't even go to fighting COVID.
 
2020-12-07 11:30:47 AM  
The first word that came to mind when reading the headline?

"Successfully"
 
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