The Chile Economy, Social Crisis and Virus Impact

National Crisis, Emergencies, and Natural Disasters in Chile; including the experiences of Chile Forum Members have shared in current and in past crisis, as they have assisted each other and Chile. Things will always go wrong. It is how you deal with it that counts, and that starts with information. When things go wrong, this is the place to come to exchange information about what is going on in Chile.
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fraggle092
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by fraggle092 » Sun May 10, 2020 12:32 pm

alextrombone wrote:
Sat May 09, 2020 10:11 pm
Let’s get Piñera to stick his hands in his pockets. He’s worth almost $3 billion.
Which works out at around CLP $2,500 Bn.
But the Socialist and Communist parties between them, while admittedly not in the same league as Piñera, have declared over CLP $12 Billion in assets.
They don't talk about much about that, and clearly have no intentions of sharing with anyone.
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Assets.jpg
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Instead, here's their more ambitious proposal-a 2% asset tax levied on the "rich".....while I believe increased overall taxation is probably inevitable, and not a bad thing if administered honestly, I don't trust the Commie intentions at all which smack of creeping expropriation-and class warfare.
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yeah, right.jpg
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I wonder if Sr. Gutiérrez realizes that he's one of "los más ricos" as well.
Bienvenidos a Chaqueteo City.

Après moi, le déluge

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41southchile
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by 41southchile » Sun May 10, 2020 12:43 pm

alextrombone wrote:
Sat May 09, 2020 3:59 pm
It is pretty disgusting how much they earn and they’re giving what, a bono of 50 lucas to a small percentage of the population.
It is a bit obscene what they earn, but it takes a special breed to be able to take that and still try for more. Chileans politicians are a special breed.
As for the bono. 50 lukas times 1.6 million people that will get it, is still about 100 million USD. Theres also other bonos that many will get, a covid19 bono, a winter bonus for some.
For a country such as Chile to be dishing out 100s of millions USD in bonos to its citizens is something that would have been unthinkable and impossible just a generation or two ago.
“Facts do not cease to exist because they are ignored.”

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fraggle092
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by fraggle092 » Sun May 10, 2020 1:23 pm

41southchile wrote:
Sun May 10, 2020 12:43 pm
For a country such as Chile to be dishing out 100s of millions USD in bonos to its citizens is something that would have been unthinkable and impossible just a generation or two ago.
And probably unsustainable long term.
Bienvenidos a Chaqueteo City.

Après moi, le déluge

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41southchile
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by 41southchile » Sun May 10, 2020 1:40 pm

fraggle092 wrote:
Sun May 10, 2020 1:23 pm
41southchile wrote:
Sun May 10, 2020 12:43 pm
For a country such as Chile to be dishing out 100s of millions USD in bonos to its citizens is something that would have been unthinkable and impossible just a generation or two ago.
And probably unsustainable long term.
Exactly, yet still everyone wants more, where is coming from ? The lack of basic understanding by many of how government can spend is a worry in this country due to recent history and biases .
“Facts do not cease to exist because they are ignored.”

alextrombone
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by alextrombone » Sun May 10, 2020 9:15 pm

Obviously there’s no magic money tree, but given how much politicians earn in Chile, and how much assets they have, the amount of money the government seem to be able to throw at certain things when they want to (the costanera in Valdivia for example). I’m just saying there’s more money that could help those in need than is perhaps being advertised.

Considering many small businesses seem to contribute more in tax than Jumbo, that ought to be where more money could come from. I doubt it though.

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41southchile
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by 41southchile » Sun May 10, 2020 9:46 pm

alextrombone wrote:
Sun May 10, 2020 9:15 pm
Obviously there’s no magic money tree, but given how much politicians earn in Chile, and how much assets they have, the amount of money the government seem to be able to throw at certain things when they want to (the costanera in Valdivia for example). I’m just saying there’s more money that could help those in need than is perhaps being advertised.

Considering many small businesses seem to contribute more in tax than Jumbo, that ought to be where more money could come from. I doubt it though.
No there is no magic money tree. I don't really see how much politicians earn and how much assets they have is related to what is being delivered in social welfare. I agree there is a lot of waste in government, all the nore reason to not give them anymore . Perhaps there is morethan is being advertised I haven't run through all the government accounts. Waste and inefficiency are everywhere in governments just the way it is unfortunately.
I haven't heard of any small businesses paying more tax than Jumbo. I have heard of thousands of Jumbo suppliers making a living providing products and employing tens of thousands more probably .
I wouldn't even like to guess how much Jumbo puts into the bank accounts of everyone they employ directly and indirectly from shelf stackers to technicians to accountants etc, I bet it's a lot .
Actually its probably a lot more than government ever has done. Jumbo has a lot more efficient way of distributing resources in an economy , far more than the state and unqualified politicians , who at best are inefficient, and usually ineffective and "waste" money on things like the costernera in Valdivia.
“Facts do not cease to exist because they are ignored.”

Britkid
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by Britkid » Sun May 10, 2020 10:00 pm

OK, well that's 2 of you saying it was more the left that voted against the cut (and no-one disputing it), and you seem to know more about Chilean politics than me, and I can't be bothered to google and check all the names, so OK I'll accept that.

This whole saga of the 50% cut has been going on for too long and doing yet further damage to politician's reputation. They should have just done it by now.

Also, they ought to set up a new law the politician's salaries are not determined by politicians but by some other expert group.

If I got out a pen and paper and had to write down all the names of Chilean politicians I know I could probably do about 10.

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fraggle092
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by fraggle092 » Mon May 11, 2020 12:45 am

alextrombone wrote:
Sun May 10, 2020 9:15 pm
Considering many small businesses seem to contribute more in tax than Jumbo, that ought to be where more money could come from. I doubt it though.
Huh?.... as a (very) small business owner, the government extracts money from me in two main ways: via IVA, and on my profits. But like a lot of enterprises right now, no customers means no IVA to declare and no profits to tax.
Oh, and no income either. :)
So the government has been getting very little out of me just lately.

I don't see any bonos being waved in my direction either, not that I would accept them. But I still have to fork out for my many other routine costs regardless.

Business generally was not doing well even before the October shit show.....2019 was our worst year in ten years, caused mainly by government mismanagement. Bachelet's Finance team didn't resign for no reason. Please don't point out the obvious btw, I know that Piñera was ensconced by then. But the damage had already been done. Piñera's feeble response to the manufactured social outrage made things worse. All this before Coronavirus. Llueve sobre mojado.

Since my money is (was?) earned inside the country, the antics of those Santiago clowns affects my well-being.
Kinda gives a different perspective on things, which is why I take an interest in this depressing subject, its not about scoring points on a gringo forum.
Bienvenidos a Chaqueteo City.

Après moi, le déluge

gregf
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by gregf » Mon May 11, 2020 1:54 pm

Does anyone have a good resource to point me towards to try to get up to speed on politics in Chile? Spanish sources are fine. I've been trying to read the news more thoroughly, but I miss the importance of a lot of it because I can't place names/parties/etc very well just yet. Sad, after living in Chile 10 years! But I lived like a hermit and worked remotely for US and EU companies all that time.

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fraggle092
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by fraggle092 » Mon May 11, 2020 3:12 pm

No easy way to get up to speed, Wikipedia in Spanish is as good as any for explaining the overall setup.

For example https://es.wikipedia.org/wiki/Eleccione ... le_de_2017

As for News and Opinion, here's most of the mainstream stuff fwiw:
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Not in any particular order. Tomas Bradanovic's analyses of Chile politics pull no punches and he knows what he's talking about. One aspect of life here that many fail to comprehend is that to understand what's going on, you have to think like a Chilean, even without necessarily sympathizing with any particular POV.
Bienvenidos a Chaqueteo City.

Après moi, le déluge

gregf
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by gregf » Mon May 11, 2020 4:30 pm

Thanks, I'll check those out!

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eeuunikkeiexpat
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Re: The Chile Economy, Social Crisis and Virus Impact

Post by eeuunikkeiexpat » Mon May 11, 2020 6:14 pm

And Tom Brad used to post here back in the early days.

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One is to believe what isn't true;

the other is to refuse to believe what is true.

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