In an interview with Forbes Argentina, Milei stated, 'We'll advance privatization, deepen labor reforms, and eliminate 90% of taxes - not revenue, but the number of taxes - moving to a simplified system with no more than six taxes at most.' This marks a drastic overhaul of the tax system aiming for efficiency amid economic struggles.
Milei’s bold strategies, described as taking a 'chainsaw' to the state, include firing tens of thousands of public employees and shutting down half of the country's ministries, demonstrating a commitment to reducing the size of government significantly.
He mentioned that the administration had only achieved 'the first step' of its plans, indicating that a 'deep chainsaw' approach with further reforms was yet to come, aiming for a more streamlined and effective government.
Musk and Ramaswamy have drawn parallels to Milei’s actions, suggesting that similar aggressive cuts to the U.S. federal government are necessary, as they look to implement substantial reductions comparable to Milei's initiatives in Argentina.
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