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The last interview with Jorge Brito and his criticisms of the large fortunes project: 'It will create a fiscal rebellion like never seen before'

2020-11-22T03:21:54.619Z


The founder of Banco Macro warned that the wealth tax "will create a fiscal rebellion and discourage investment."


11/20/2020 5:54 PM

  • Clarín.com

  • Economy

Updated 11/20/2020 18:02

The founder of Banco Macro, Jorge Brito, had given his last interview at the beginning of this week where he spoke about the wealth tax bill which he considered would create

"fiscal rebellion, discouragement of investment and exodus of people and companies" .

Brito considered that the tax "will create a tax rebellion as has never been seen, possibly nothing or little will be charged, and only a war between the Government and the businessmen will be mediated again that will lead to nothing,

will irritate people and bring us closer one more step to the precipice ".

In an interview with Infobae, the owner of Banco Macro clarified that he did not discuss the substance of the matter -the need of the State to collect, and that those who have the most pay-,

but that he considered this proposal inadequate.

"Those who have the most should help at this time to alleviate the economic problems that the pandemic has aggravated," said Brito, and warned that "the path that the Government has chosen is wrong due to various concepts on which the proposal is based. First, the wealth of those who have more than a certain number of assets was chosen as a manifestation of wealth. "

The banker also - in a previous interview - believed

that the country should generate a new banknote, worth $ 5,000

due to the small amount of paper money that exists with the value of $ 1,000 and because - he assured -

"people doubled the amount of cash he had. "

Asked about different complaints from users who said they had to go to the ATMs more than five times because they only delivered one hundred peso bills, the businessman replied: "Unfortunately there are no $ 1,000 bills.

The Mint is issuing everything that can and is not enough.

They have to take out treasured $ 100 bills so that it reaches the circulating one. "

He continued: "" Due to the pandemic,

everyone has doubled or tripled the amount of cash they had.

We manifest this to the Central Bank but they cannot cope.

You would have to get a bill of a higher denomination, five thousand, "he

said back in July this year.

In this sense, he argued that the problem would be seen in a few months:

"When we have to pay the Christmas bonuses in December there will be a serious problem."


Source: clarin

All business articles on 2020-11-22

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