Luis Espinosa Goded: Ecuadorians, Not Criminals, Pay for Narco War (Spanish)

President Daniel Noboa’s Taxes Kick Citizens When Down

Luis Espinosa Goded: Ecuadorians, not criminals, pay for narco war. He highlights that the Ecuadorian economy is in a dire situation.

IO Podcast|Episode 31

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Luis Espinosa Goded—a Spanish professor of economics at San Francisco University of Quito, Ecuador—explains how citizens and private businesses will pay a high price for the government’s conflict with narcoterrorists. Curfew impositions, reduced mobility, and narco extortion are already some ways in which individuals—rather than the state or the narcos—are suffering from the escalating conflict that has inflamed the nation.

For Espinosa Goded, Ecuadorian President Daniel Noboa’s strategy of a higher value-added tax to purportedly finance the war against narcos hurts citizens instead of criminals. Noboa could have instead tightened government spending elsewhere to free up taxpayer resources. Espinosa Goded highlights that the Ecuadorian economy is in a dire situation, so the tax increase is a blow to businesses and individuals who cannot afford it.

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Andrés Sebastián Díaz Ponce

Andrés Sebastián holds a bachelor’s degree in political science and international relations from the University of the Americas, Ecuador. He founded Libertario, a Spanish-speaking community that promotes the ideas of liberty in Latin America, and he collaborates with the Ecuadorian liberal think tank Libre Razón. Follow @asdp250.

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