Unintended Humor Alert: Leftists Try to Rationalize Venezuela’s Collapse

International Liberty

I feel sorry for the Venezuelan people, but I’m perversely glad that the country is collapsing.

That’s because it’s nice to have proof that Margaret Thatcher was right when she famously warned that the problem with socialism is that you eventually run out of other people’s money.

To be sure, we already had proof from Greece, France, the Soviet Union, Brazil, and many other places. But it’s still nice to have another piece of evidence that big government eventually produces very dire results.

I also confess that I’m enjoyed Venezuela’s economic decay because I get a warm feeling of Schadenfreude when watching leftists try to explain what’s happening in that formerly rich nation.

Even the New York Times feels the need to report on the mayhem in Venezuela.

The courts? Closed most days. The bureau to start a business? Same thing. The public defender’s…

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what We Did – Seems Impossible

Socialism is not the Answer

PLEASE WAKE UP  AND THINK ABOUT THIS…………

 

Carefully study this artwork. Then, read what we did.

Not only is the picture awesome, but so are the statistics!

 

cid:image001.jpg@01D19943.88921A70

 

During the 3-1/2 years of World War II that started with the Japanese bombing of Pearl Harbor
in December of 1941 and ended with the surrender of Germany and Japan in 1945,

“We the People of the U.S.A. ” produced the following:

            22 aircraft carriers

              8 battleships

            48 cruisers

          349 destroyers

          420 destroyer escorts

          203 submarines

            34 million tons of merchant ships

   100,000 fighter aircraft

     98,000 bombers

     24,000 transport aircraft

     58,000 training aircraft

     93,000 tanks

   257,000 artillery pieces

   105,000 mortars

3,000,000 machine guns and

2,500,000 military trucks

We put 16.1 million men in uniform in the various armed services, invaded Africa,
invaded Sicily and Italy, won…

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Lest We Forget Chinagate, Most Serious Scandal in US History

Socialism is not the Answer

http://cdn.lifedaily.com/wp-content/uploads/2016/02/02-bill-and-hillary.jpg Image via lifedaily.com

Independent Sentinel

The “Chinagate” fundraising scandal plagued the 1996 Bill Clinton-Al Gore campaign and Hillary was very much involved.  Chinagate aka Commercegate is the most serious scandal in U.S. history. It involves the transfer of America’s most sensitive technology, including but not limited to nuclear missile and satellite technology, apparently in exchange for millions of dollars in contributions to the 1996 Clinton-Gore re-election effort and the Democratic National Committee.

The Chinagate scandal of 1996 ended up in an award of 900,000 in attorney’s fees and costs to Judicial Watch ten years later.

The scandal was an apparent scheme by the Clinton administration to sell seats on taxpayer-funded trade missions in exchange for campaign contributions to the 1996 Clinton-Gore campaign.

Judicial Watch began an investigation and Clinton administration officials deliberately concealed and destroyed records regarding the trade mission and testimony was falsified.

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Hillary Clinton: A Career Criminal

Socialism is not the Answer

Just a few (25) of the scandals, lies, and criminal activity of Hillary Clinton.

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Paul Krugman Beclowns Himself…Again

International Liberty

I sometimes feel guilty when commenting on Paul Krugman’s work.

In part, this is because I don’t want to give him any additional attention, but mostly it’s because it’s too easy. Like shooting fish in a barrel.

His advocacy of Keynesian economics, for instance, makes him a very easy target.

And it’s always amusing to cite his words when exposing horror stories about the U.K.’s government-run healthcare system.

That being said, I feel obliged to write about Krugman when he attacks me or the Cato Institute.

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Federal Government Waste Exploded Under Obama, Data Show

Socialism is not the Answer

http://media.cagle.com/127/2013/03/15/128788_600.jpgFree Republic

Big Government: The federal government wasted more than $100 billion on over payments last year. It knows this, even tracks it, but somehow can’t seem to stop it. Is there a better indication that government is too big?

A federal website called Payment Accuracy tracks in great detail what it calls “improper payments” made by the federal government through Medicare, Medicaid, farm programs, school lunch programs and others to contractors, doctors, students, and so on.

Last year, the government made $126 billion in over payments, nearly double the amount of made in President Bush’s last year.

Improper payments in Medicare, for example, went from $10 billion in 2008 to $43 billion last year; and for Medicaid, the figured jumped from $19 billion to $29 billion.

The Payment Accuracy site notes that the government also underpaid by $11 billion last year. Still, at $115 billion, the net overpayment just…

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The Motto of Sanders Voters: “Socialism is fun so long as someone else is paying for it”

International Liberty

My favorite Margaret Thatcher moment might be when she pointed out there’s no such thing as public money, only taxpayer money.

Or perhaps when she exposed leftists for being so fixated on class warfare that they would be willing to hurt the poor if they could hurt the rich even more.

That being said, I wouldn’t be surprised if most people instead chose Thatcher’s famous line about socialism and running out of other people’s money.

Which is a great line that cleverly pinpoints the ultimate consequence of statism. Just think Greece or Venezuela.

But what can we say about starting point rather than end point? Why do people get seduced by socialism in the first place?

For part of the answer, let’s turn to the famous quote from George Bernard Shaw about how “A government which robs Peter to pay Paul can always count on the support of…

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Everything You Wanted to Know about the Economics of Redistribution in One Image

International Liberty

Incentives matter.

Sometimes that can be explained with wonky discussions of marginal tax rates or welfare traps.

But that may not be the best approach when trying to convince someone with no aptitude for economics. So what’s the best way of introducing such concepts to, say, a Bernie Sanders supporter?

You can point to the economic chaos in places such as Greece and Venezuela and explain that Margaret Thatcher was right when she warned that socialists eventually run out of other people’s money.

But that’s probably not too effective because they’ll simply point to Sweden and Denmark and you’ll have a hard time educating them that those countries became successful when government was small and that they’ve been falling behind ever since big welfare states were imposed.

So perhaps we first need to help them understand very simple notions.

That’s why, when trying to introduce basic concepts, I’ll often…

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Socialism Is Dying Everywhere — Except The U.S.

Socialism is not the Answer

https://www.investors.com/wp-content/uploads/2016/05/EDIT2-hugo-051316-AP.jpgInvestors.com

Socialism: Around the world, nations that have been foolish enough to adopt socialist policies either collapsed or are well on their way to doing so. Why, then, are so many in the U.S. enthralled with the idea?

A quick look at the world’s countries in direst economic shape reveals that many, if not most, have one thing in common: They rely on top-down socialist control, rather than free markets, to run their economies. The former, history amply shows, are doomed to fail. There are no long-term socialist success stories. None.

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Taxing Lessons from Europe for Hillary Clinton (a Supposed Fiscal Conservative)

International Liberty

I wrote yesterday about the Obama Administration’s head-in-the-sand approach regarding the anti-competitive nature of America’s corporate tax system (though maybe fiddling while Rome burns is a better metaphor).

Fortunately, some nations have more sensible policy makers. Even in Europe, which might come as a surprise to the pair of class warriors battling for the Democratic nomination.

Consider, for instance, what’s happening in Norway.

Norway will cut the corporate income tax rate to 23 percent from the current 27 percent by 2018…the country’s political parties announced on Wednesday. The basic personal tax rate will also be cut to 23 percent from 27 percent. …As part of the deal, further reductions in the company tax rate will be considered in the future. The compromise included…a small cut in Norway’s wealth tax.

What’s most remarkable about this story from Scandinavia is not that there’s a tax cut, though that surely would be a…

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