A Donald Trump proposal to bail out struggling Argentina with a $40 billion loan is bumping up against economic reality with banks being asked to provide half of the amount demanding collateral or federal assurances.According to a report from the Wall Street Journal, financial institutions, includin...
That doesn’t even account for China buying all future soybeans from Argentina instead of us. Massive economic impact, even if you never interact with a farm in your lifetime…
Rough math is every American, rich or poor, old or young, is giving Argentina $100.
More like the rich are giving 60$ and the middle class are picking up slightly more.
Please, the rich aren’t spending a dime.
The middle class is giving 100 and low income workers are on the hook for everything else.
That doesn’t even account for China buying all future soybeans from Argentina instead of us. Massive economic impact, even if you never interact with a farm in your lifetime…
Why would the rich be part of this discussion? Not paying taxes, not giving loan to foreign countries.
Or, alternatively, every taxpayer is giving them $200. For reference this is almost three times the amount of his aid cuts from back when.