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Venezuelan government raises taxes as it tries to combat runaway inflation

Posted by  $  jbrenner 3 months, 2 weeks ago to Politics
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I would consider putting this under humor because I did laugh at the absurdity of this, but then it made me sad. I know so many Venezuelan expatriates who came to me during their escape. I taught them well.
SOURCE URL: https://www.theblaze.com/news/2018/08/20/venezuelan-government-raises-taxes-as-it-tries-to-combat-runaway-inflation


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  • Posted by  $  blarman 3 months, 2 weeks ago
    And the meltdown continues. If Americans were wise we would look at this every time someone like Bernie Sanders or that Ocasio-Cortez(?) woman open their mouths. No. Socialism never has worked and never will.

    One good thing that may come of this: they might get to the point that they have to start all over as a nation. Then they will have the opportunity to start over with a government based on protection of natural rights.
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    • Posted by  $  Solver 3 months, 2 weeks ago
      “Socialism never has worked and never will.”
      But it can appear to work. Just like leeches can appear to heal.
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      • Posted by  $  DeangalvinFL 3 months, 2 weeks ago
        Yes, it can appear to.
        And if you have enough spoils and a rather limited amount of people to share them amongst, then the appearance can go on for a long time.
        Chavez's redistribution of oil wealth and income raised the standard of living of millions of people for a number of years. But he was giving out and promising more than he was taking in, thus it was doomed to failure. The drop in the price of oil brought reality home to roost rather dramatically.

        In contrast, a place like the United Arab Emirates could go on for years living off the collective oil earnings without hardly any of its citizens doing much to produce those earnings. Birthright socialism. Bring in foreign workers to produce, then keep most of the fruits of production. Foreigners work according to their ability, citizens benefit according to their need.
        And they Need to go to Disneyworld, obviously.
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  • Posted by  $  Solver 3 months, 2 weeks ago
    They are still trying to figure out how to do socialism right. They will never stop their irrationally brutal sacrificing of innocent individuals until there are no more individuals be sacrificed.
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  • Posted by  $  mshupe 3 months, 2 weeks ago
    All this does is expose for the bazillionth (the new Venezuelan currency denomination) time how so many people have opinions about complex systems they know nothing about.
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  • Posted by  $  Dobrien 3 months, 2 weeks ago
    Very fair Socialism shares its misery equally unless you are the kakistocrat with power.
    I love this quote.
    "Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it." Thomas Sowell
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  • Posted by  $  Thoritsu 3 months, 2 weeks ago
    Time for Venezuelan revolution, and a stable, free, capitalist government. Where is Milton Friedman?
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    • Posted by  $  3 months, 2 weeks ago
      There was an attempted coup a few weeks ago, but it failed.
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      • Posted by  $  DeangalvinFL 3 months, 2 weeks ago
        I saw an interview recently by two Venezuelans and they were making the point that a change in government wouldn't matter too much. The opposition were socialist as well.
        They showed some on the street interviews and the people didn't blame socialism, they blamed Maduro.
        Unfortunately I don't remember where I saw the interview, so can't direct you to it.
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  • Posted by  $  dukem 3 months, 2 weeks ago
    When "discussing" (a rarity nowadays as it quickly moves to anger on the part of the other person) whether socialism works, I always ask for an example of it in this planet right now. The usual Scandinavian countries are cited, and I point out that they are smaller, more homogeneous (or used to be), etc.
    So my question is: Are there actually any countries where this is working (I know there are not), and what are good counterarguments when the aforementioned countries are used?

    And, of course, there is always the argument from my protagonists that, well, gee, it really hasn't been tried, or it needs really smart people to do it right, etc. :-)

    I'm looking for ammunition in the form of specific data or examples.
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