President stressed that reducing taxes, inflation and regulations strengthens private property.
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President Javier Milei said on Wednesday that policies to reduce taxes, lower inflation and economic deregulation constitute a mechanism to restore private property in Argentina. The statements were made during a visit to the Visa Argentina Monitoring Center.
During her presentation, Milei argued that the private sector is the main generator of wealth and the actor that offers the most effective solutions to improve the well-being of society. In that sense, he vindicated the free enterprise system and assured that capitalism has been “the most revolutionary invention ever created by man
”. VISA Transaction Monitoring Center.
The head of state remarked that economic growth depends to a large extent on private investment and competition between companies. As he explained, when the number of players in the market multiplies, better services and conditions are generated for consumers
.
“Every time we lower taxes, lower inflation and deregulate, we are returning private property,” said the President. According to their approach, these measures allow citizens to recover resources that were previously in the hands of the State through tax pressure
.
Milei also highlighted the importance of improving financial and technological infrastructure to facilitate economic transactions. In this framework, he referred to Visa's decision to move forward with the acquisition of companies linked to the digital payment system, such as Prisma, Upay and Texpert, a strategy that aims to strengthen the electronic payment ecosystem in the
country.
The President argued that the modernization of the payment system contributes to improving the functioning of the economy by facilitating the circulation of money between individuals and companies. “The more efficient and cheaper it is to transfer money from one hand to another, the more agents can benefit from carrying out transactions and lending money to each other,” he said.
Javier Milei reaps the successes of his economic plan.
Along the same lines, Milei said that economic deregulation and the opening of markets help to lower the cost of transactions, while excessive regulations tend to make them more expensive by introducing uncertainty and administrative obstacles
.
The president welcomed the fact that large international companies are once again betting on the country and attributed this phenomenon to the new economic climate generated by the reforms promoted by his administration. As indicated, since the beginning of its administration, the Government has been working to create an environment favorable to private initiative.
