Argentina can't enforce tax laws on people living and earning in a different country.
The US does the same. If you're a US citizen and you live and work in a different country than the US, the US IRS will still tax your income (if you make above a certain amount, $150k or something).
Suddenly all the rich cash out and move to the Bahamas
Doesn't matter. Argentina's plan is also to tax your assets overseas.
The US does the same. If you're a US citizen and you live and work in a different country than the US, the US IRS will still tax your income (if you make above a certain amount, $150k or something).
https://www.irs.gov/individuals/international-taxpayers/frequently-asked-questions-about-international-individual-tax-matters
Furthermore, these rich people that are now taxed have probably businesses in Argentina. Not as easy to move these.