Argentine Supreme Court strikes down President Macri's natural gas hikes nationwide

[forest444]

2. Macri did indeed try to pressure the court - though indirectly, by way of RW media.

The privatized utilities - which the Kirchners regulated but should have renationalized - did so as well by threatening plant lockouts and increased blackouts if the illegal rate hikes weren't approved.

And you're right, this is all basically a massive shift in the tax burden - from the elite, to the rest of the population.

Who pays for Macri's $10 billion utility and fare subsidy cutbacks? People in general - a back-door tax increase estimated at close to $800 a year, or nearly 6% the median full-time salary in Argentina (the wealthy pay too, of course, but the hikes barely make a dent in their incomes). And who gets the $10 billion in tax cuts? Landowners and big business, mostly - his biggest backers.

And the much-touted "deficit reduction"? Nada.