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highplainsdem

(63,357 posts) Thu Jun 4, 2026, 11:57 AM 7 hrs ago

Argentina's Milei offers AI companies low taxes, no regulation, even AI-run corporations with limited liability

Since it's all but guaranteed Peter Thiel knew of this in advance, this certainly helps explain his move to Argentina.

What Milei wrote in a Financial Times opinion piece yesterday: https://www.ft.com/content/f93022fe-43f7-437d-abd8-06c457c0a43c

His government is introducing legislation that will:

Keep AI free to be developed "without the deadly hand of premature and poorly understood regulation."

Create a "non-human corporation" corporate category where AI - AI agents or robots - can run a business where because they will inevitably "exercise independent judgment in unpredictable environments" there will also be limited liability.

Offer "unmatched terms" in low tax rates.

Milei says Argentina is open for business for AI companies, and he compares what his country will offer those companies to the Dutch East India Company unleashing "capitalism's full potential" via limited liability.

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Argentina's Milei offers AI companies low taxes, no regulation, even AI-run corporations with limited liability (Original Post) highplainsdem 7 hrs ago OP

Found this comment on it from Denver labor organizer and writer Joe Mayall: highplainsdem 4 hrs ago #1

highplainsdem

(63,357 posts)

1. Found this comment on it from Denver labor organizer and writer Joe Mayall:

Reply to highplainsdem (Original post)

Thu Jun 4, 2026, 02:47 PM

4 hrs ago

https://substack.com/@joewrote/note/c-270583331

-snip-

Milei argues that limited liability is necessary for artificial intelligence to reach its full potential. In other words, the working class must be put at risk so the capitalist class can profit.

If a self-driving car runs over grandma, sorry, she’s out of luck. There’s no human owner to sue, and the robot that started the company is protected from lawsuits.

This move comes on the heels of Palantir founder Peter Thiel relocating to Argentina. Obviously, Thiel will use his newfound protection to devise new ways to profit from AI at great cost to the public. Then, he’ll return to America and throw money at politicians (JD Vance, cough, cough) until they protect his AI ventures from lawsuits.

-snip-

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