The Glorious Heights of Socialism

Our wonderful batch of peckerwoods aka Snowflakes are getting the chance of their lifetime to see Socialism at it’s finest hour. For them the demise of the Soviet Union is something only to be read about in bland boks which probably are tainted by right wing bias.
However here in living color, in papers and digital art, they can enjoy the reality of hyperinflation, the joy of searching for food in empty stores and seeing the politicians tell them, with their mouths full, how the Government will provide. Be patient, OR ELSE.

In Venezuela, money has stopped working

A friend recently sent me a photograph that tells a powerful story about the situation Venezuelans find themselves in now. It’s not a very good picture, really, just a blurry cellphone shot of trash: some wrapping material, an old CD — the detritus left behind after a store was looted last week in San Felix, a city in the country’s southeast.

And yet I can’t stop thinking about it, because strewn about in the trash are at least a dozen 20-bolivar bills, small-denomination currency now so worthless even looters didn’t think it was worth their time to stop and pick them up.

The photo stopped me dead in my tracks. In theory, according to the “official” exchange rate, which long ago lost even a hint of connection with reality, each of those bills is worth $2. In fact, as Venezuela sinks deeper and deeper into the first hyperinflation the Western Hemisphere has seen in a generation, bolivar banknotes have come to be worth basically nothing: Each bill is worth about $0.0001 at the current exchange rate, meaning you need to have 100 of them to equal one penny. [snip]

Hyperinflation is disorienting. Five or six years ago, the 500 bolivars on the floor would’ve bought you a meal for two with wine at the best restaurant in Caracas. As late as early last year, they would’ve bought you at least a cup of coffee. At the end of 2016, they still bought you a cup of café con leche, at least. Today, they buy you essentially nothing … well, except for 132 gallons of the world’s most extravagantly subsidized gasoline. [snip]

Rule No. 1 of surviving hyperinflation is simple: Get rid of your money. Given the speed with which money is shedding its value, holding on to it means you’re losing out. The second you’re paid you run out as fast as you can to buy something – anything – while you can still afford it. It’s better to hold almost any asset than money, because assets hold their value and money doesn’t. [snip]

Not so long ago, in 2015 and 2016, you probably remember reading about the long lines outside virtually every supermarket for basic goods. Lines formed because the government put price ceilings on all staple goods, and as you learn in the first week of any introductory economics course, price controls breed shortages.

And yet, paradoxically, the fact that those lines did form was a signal that at least people expected they would find price-controlled goods inside if they had the patience to brave the wait. So when lines began to vanish late last year, it wasn’t a sign of improvement — shortages had grown so bad that people gave up. Affordable staples just disappeared from the shelves for good, leaving only luxury products at international prices that only a minuscule elite could afford.

Instead, the government improvised a clumsy new system to deliver a package of staple goods to people’s homes each month. Unsurprisingly, given the dire state of state finances, that system soon broke down. Too few packages were reaching too few homes, leaving a gap that could be filled only by looting stores still selling expensive goods at international prices.

Of course, few stores will think of restocking after they’ve been looted, and virtually none can find the capital to do so. So it looks as though we’re coming to the end of the line: Every last avenue for people to put a meal on the table has been exhausted. A video that went viral recently showed Venezuelans literally running into a cow pasture to stone a calf to death to try to get a meal.

How can Venezuelans go on? One thing is clear: No one in power much cares.

Hey Snowflakes, ask your smart pointy-headed Professor how this can happen in any socialist utopia? Ask him or her if they can even spell Zimbabwe? Cuba? How about any of the repressive socialist toilets scattered about where some socialist promulgator decided to ruin lives.

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Sunday Toon

Squealing Lefties

You would think that they have taxed all residents silly, raped the businesses to the point past prostitution and now they demand ½ of the gains from the federal tax cuts be turned over to the state.
The old communist truism is alive in California: “What’s mine is mine and what’s yours is mine!” Why anyone with two nickles to rub together and three brain cells stays in that place of pestilence is beyond reason.

California Democrats want businesses to give half their tax-cut savings to state

California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.” [snip]

California Democrats have been exploring ways to help those in the state who could end up paying higher federal taxes next year under the Republican tax overhaul.

The GOP overhaul caps state income taxes and local property tax write-offs on the federal income tax return at $10,000, a move expected to hurt high-local-tax states such as California, where the average state and local tax write-off in 2016 was $22,000.

 State Senate President Pro Tem Kevin de León introduced legislation this month that would allow Californians to get around the state and local tax cap with a voluntary donation to a charitable fund created by the state of any amount of owed taxes above $10,000. That donation — in lieu of taxes — would allow donors to write off the gifts on their federal tax returns.

Here’s an idea to help all those low wage earners and poverty stricken illegals.

CUT THE STATE TAXES down to sane levels. Get rid of the nasty enviro-nazi fees and regulations.
Take the money saved from ending those phony entitlement programs and use that to bring the pensions out of arrears. Deport all the illegals and live within your means.

Damn, that’s rather simple isn’t it!

Historical happenings

1/21/1790 ~ Joseph Guillotine proposes a new, more humane method of execution: a machine designed to cut off the condemned person’s head as painlessly as possible.

1/21/1793 ~ The French King Louis XVI is guillotined for treason.

1/21/1951 ~ Communist troops force the UN army out of Inchon, Korea after a 12-hour attack.

Ponder this

Men are born ignorant, not stupid. They are made stupid by education.

~ Bertrand Russell

Proof of this posit is today’s college students. The collection of Snowflakes drifting through a variety of courses, being indoctrinated is there for all to see.

Laissez le bon temps rouler

Well-well-well! It looks like Fauxahontas sat too close to the campfire and set her buckskins on fire.

Elizabeth Warren’s Native American problem goes beyond politics

There’s a ghost haunting Elizabeth Warren as she ramps up for a possible 2020 presidential bid and a reelection campaign in Massachusetts this year: her enduring and undocumented claims of Native American ancestry.

Warren says now, as she has from the first days of her public life, that she based her assertions on family lore, on her reasonable trust in what she was told about her ancestry as a child.

“I know who I am,” she said in a recent interview with the Globe.

But that self-awareness may not be enough, as her political ambitions blossom. She’s taken flak from the right for years as a “fake Indian,” including taunts from President Trump, who derisively calls her “Pocahontas.’’ That clamor from the right will only grow with her increasing prominence.

And, more telling, there’s also discomfort on the left and among some tribal leaders and activists that Warren has a political blind spot when it comes to the murkiness surrounding her story of her heritage, which blew up as an issue in her victorious 2012 Massachusetts Senate race. In recent months, Daily Show host Trevor Noah mocked her for claiming Native American ancestry and the liberal website ThinkProgress published a scathing criticism of her by a Cherokee activist who said she should apologize. [snip]

Couldn’t happen to a nicer person. Quite a few will pay to see her scalp hanging from a pole in the village center.