Latin America's Socialist Wave Has Wealthy Moving Billions Abroad

As inequality pushes politics further left in Latin America, the region's wealthy are sending the most money abroad in over a decade. But capital flight poses important challenges for Latin American economies, Lucia He and Andrea Jaramillo explain.
Read more: bloom.bg/3LXSsuv
--------
Subscribe to our KZbin channel: bit.ly/2TwO8Gm
Subscribe to Bloomberg Originals: / bloombergtv
Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
Connect with us on…
KZbin: / bloomberg
Breaking News on KZbin: / @bloombergquicktakenow
Twitter: / quicktake
Facebook: / quicktake
Instagram: / quicktake

[@fleebertreatise1063]

Ah, capital flight. The thing to do when your worried about government funding beneficial programs with run of the mill taxation.

[@pablouribe1522]

Bloombergs Biastake should be called. I also know that capital flight presents risks, but the economies are maintaining fiscal policies that are sustainable so far.

[@m33LLS]

Ultra-rich, shit they will take our money to actually make peoples life better! Let's get out of here!

[@DeepVerma728]

A time of great opportunity in Latin America.

[@RMiller-x5o]

Peru will never be a socialist population. Peruvians are democratic and love freedom.

[@cristinaramirez917]

Mexico is doing pretty well, this actually seems a little biased.

[@JeffreyDRein]

South American investors pay no tax on US Capital gains or rental income because they don't file us tax returns, they barely pay property taxes that are artificially depressed by strong real estate lobbies that hold down property insurance rates and taxes for the riskiest waterfront investment properties consuming outsized infrastructure costs in expensive utility sewer bridge and beach road maintenance & construction for areas where that kind of infrastructure is more expensive and subsidized by the rest of the State...they don't know and most know but don't care that this tax evasion is criminal because they know there is zero enforcement by America and their home countries have no way to know.

[@jdnw85]

Sigan votando por Lula, Amlo, Maduro y el resto de la pandilla

[@JNAMOTORSPORTS]

I hope they follow Sweden not Venezuela

[@jamiegilbert6201]

Depends on whether America decides to try coup after coup against their governments as well ^^

[@vwvwvwvwvwvwvwvwvwvw9]

viva latin america!

[@jamiegilbert6201]

Nobody should have a billion of any currency, let alone BILLIONS!!!!!! Gross.

[@troyano-vision]

Economic Development (Desarrollo Economico)

[@Empath79]

We are in the last days and things are about to get very hard, find God now! 🙏

[@Stevieboy130664]

😂😂

[@vwvwvwvwvwvwvwvwvwvw9]

@@Stevieboy130664 tf you laughin at

[@Stevieboy130664]

@@vwvwvwvwvwvwvwvwvwvw9 😂🤣😂🤣

[@meejinhuang]

They're all going to end up like Venezuela.

[@fleebertreatise1063]

Really? Well, the wealthy moving money out is based on assumptions. It’s up to these countries to prove those decisions to disinvest were wrong.

[@sammyzord]

We latin americans will make sure our countries never develop 💪

[@rc1982]

FAZ O L!!!