He also threatened to levy punitive taxes on holdouts.
She has made few efforts to tackle Brazil's structural problems: its poor infrastructure, high costs, punitive tax system, mountains of red tape and a rigid Labour code copied from Mussolini.
New Jersey used to be where New Yorkers fled to escape the city's punitive taxes and high crime.
Argentina is now again in recession. Partly because of drought but also because of punitive taxes, it may have to import wheat next year for the first time since records began.
But it is not clear whether Argentina's farmers, who have suffered drought and punitive taxes, can deliver the goods.