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Argentina’s Economy Minister Backs Wealth Tax, Rejects Austerity

  • Guzman supports the idea of a special tax on the very rich
  • Says Argentina can’t pay debt to the IMF, needs to reprogram
Martin Guzman

Martin Guzman

Photographer: Juan Mabromata/AFP via Getty Images

Argentine Economy Minister Martin Guzman has backed the idea of a wealth tax on the country’s rich as the nation to fend off creditors and find money to help cope with the Covid-19 pandemic.

The tax would affect 11,000 people with fortunes of at least $2 million, Guzman said, without specifying where that cut-off point might come. He spoke in an interview with journalist Horacio Verbitsky, published on the website El Cohete a la Luna. President Alberto Fernandez, in a separate interview, spoke of the need for wealth redistribution.