The Economic Impact of the Social Crisis

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Re: The Economic Impact of the Social Crisis

Post by admin » Mon Dec 02, 2019 10:11 am

and, this is going to set back the middle to lower classes, 20 years of progress.

The rich, they just shuffle some paper around, call their broker, their lawyer, call their accountant and in a year will be 30% richer.
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Re: The Economic Impact of the Social Crisis

Post by admin » Mon Dec 02, 2019 10:14 am

I seen a comment about the lies the left is telling about poverty in chile along the lines, how do you have 11 million domestic fliers and 9 million cars, in a country with only 18 million people, if everyone is poor.

well, now they get a chance to see what the rest of latin America's poor live like.
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Re: The Economic Impact of the Social Crisis

Post by tiagoabner » Mon Dec 02, 2019 10:39 am

admin wrote:
Mon Dec 02, 2019 10:14 am
I seen a comment about the lies the left is telling about poverty in chile along the lines, how do you have 11 million domestic fliers and 9 million cars, in a country with only 18 million people, if everyone is poor.

well, now they get a chance to see what the rest of latin America's poor live like.
Yeah, this has been my concern since day 1. The poor in Chile f#$*&D themselves, and they didn't even notice that they were the ones getting hurt by this nonsense.
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Re: The Economic Impact of the Social Crisis

Post by admin » Mon Dec 02, 2019 10:49 am

now, that there is a massive pool of unemployed, not to mention all the immigrants the left invited (people really don't see the connection either), the poor will have fewer jobs and less pricing power for their labor.

I have already talked to a few buisness people that were like, 'fine, raise the minimum wage, I am just going to lower everyone's wages to minimum wage, and leave it there'. no raises. no bonuses. all those middle class that busted their asses to get their raises, to get an income above minimum wage, are not going to get much further, because now it becomes a "take it or leave it" job market. everyone is going to be a little more hesitant, especially minorities, no matter how hard they work, to poke at the boss about that next raise, vacation time, etc.
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Mon Dec 02, 2019 11:05 am

International Tourist numbers for October down over 14 percent this year compared to October 2018 and that's only taking in 13 days of the shit storm.
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Mon Dec 02, 2019 11:29 am

tiagoabner wrote:
Mon Dec 02, 2019 10:39 am
Yeah, this has been my concern since day 1. The poor in Chile f#$*&D themselves, and they didn't even notice that they were the ones getting hurt by this nonsense.
Simple. They will blame the government. Cue for more unrest later on.
Actually they are right, it is the government's fault. And the previous ones as well.

Banana republic.
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Re: The Economic Impact of the Social Crisis

Post by Britkid » Mon Dec 02, 2019 12:24 pm

41southchile wrote:
Mon Dec 02, 2019 7:09 am
Britkid wrote:
Sun Dec 01, 2019 6:18 pm
Highlighting this bit from the article:
There’s also evidence that taxes have room to go up. Chile collected 20% of GDP in tax revenue in 2017 versus an average 34% for countries in the Organisation for Economic Co-operation and Development, or OECD. Only Mexico collects less, at 16%. France collects the most, at 46%.
The OECD, oh yeah that aspirational club that Chile wants to continue to be a part of and compare itsself with, and wants outsiders to see them as a part of too.
Developed countries are not who Chile should benchmark itself with, it only creates false illusions. So apart from Mexico what are the other income tax rates within Latin America? But yeah there is probably room to increase income taxes here , but to 34 average like OECD? Dont think so
To your point, the OECD average of tax to GDP is 34.3% (2016), with the average for Latin America and the Caribbean at 22.7%. Chile is at 20.4%, so less than average, but not hugely. (Brazil 32%, Argentina 31%, Bolivia 26%, Colombia 20%, Mexico 17% Peru 16%.)

Source:
https://www.oecd.org/tax/tax-policy/rev ... ochure.pdf Look at the graph on page 3.

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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Mon Dec 02, 2019 12:47 pm

These are the people involved in all these national strikes. Not much fear of unemployment in the Public Sector either.
Not to forget Municipal employees. Pitutolandia.
.
funcionarios públicos recibe un ingreso mensual de más de $1 millón Emol com.jpg
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Re: The Economic Impact of the Social Crisis

Post by 41southchile » Mon Dec 02, 2019 12:48 pm

So went to pay a bill today for some excavator work, the guy has a lot of heavy equipment and trucks and things, he said there is a lot of nervousness and not a lot of new spending going on and people re evaluating everything, some with cashflow problems. He said he has his clients that he has had for a long time and knows they will eventually pay, some will take up to a year to pay, but it is what it is and wasn't too worried about that . However, The ones that owe him the most and haven't paid for months and months?
The MOP (ministry of public works) once again the government and the state using business and provide sector as their banks and not paying in timely manner, apparantly not uncommon at all levels from muni through to central govt.
Did someone say banana republic?
Ignorance more frequently begets confidence than does knowledge: it is those who know little, not those who know much, who so positively assert that this or that problem will never be solved by science. - Darwin

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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Mon Dec 02, 2019 1:03 pm

41southchile wrote:
Mon Dec 02, 2019 12:48 pm
once again the government and the state using business and provide sector as their banks and not paying in timely manner, apparantly not uncommon at all levels from muni through to central govt.
Did someone say banana republic?
We have had no dealings with our local muni for over ten years now for exactly that reason. Delaying, and making payments conditional on supplying other services on the cheap. "Shabby" is the kindest description for the way they operate. We have dealt with other Munis since then, but always with cash in advance.
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PXYC
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Re: The Economic Impact of the Social Crisis

Post by PXYC » Mon Dec 02, 2019 1:58 pm

admin wrote:
Mon Dec 02, 2019 10:11 am
and, this is going to set back the middle to lower classes, 20 years of progress.
The strong reduction on spending will definetly affect people that are too leveraged in debt or that own/depend from companies that live with their month-by-month sales and cannot adjust costs to survive trough the crisis.

But a very important thing to note is that this economic crisis doesn't happen because of structural flaws of the econony, I strongly believe that if you have a government that can solve the social crisis, and institutions in which chileans can trust, things will go back to normal, and you solve *this* crisis. Always assuming that my first paragraph does not transform a snowball into an incontrolable avalanche.

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Re: The Economic Impact of the Social Crisis

Post by fraggle092 » Mon Dec 02, 2019 2:15 pm

PXYC wrote:
Mon Dec 02, 2019 1:58 pm
I strongly believe that if you have a government that can solve the social crisis, and institutions in which chileans can trust, things will go back to normal
Sorry, do you actually live here?
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