Dodge failing patterns: we need to stop letting history repeat itself


Reproduced with permission by Bloomburg

Not worth much — Money on the streets of Venezuela prove the currency is essentially worthless. Venezuela continues to struggle with economic issues under its current leadership.

Bettina Caffrey, Staff Writer

Apparently, the lesson the world should have learned from Joseph Stalin’s barbaric communism and socialism approach to running the Soviet Union went in one ear and out the other. Money in Venezuela is worthless; the people are starving as a result of food shortages, power outages have been more than 10 days, all courtesy of Venezuela’s socialist president Nicolas Maduro.

In 2017, I took a cruise to Havana, Cuba. In Havana, I witnessed a series of collapsed buildings, untouched, laying on the streets. Not some, yet all of the few cars I saw on the streets were from the 1950s, for Cuba had closed its border in 1961 and has only recently opened it up to Cuban Natives in 2009 and vacationers in 2011.

To bring this socialism into America, so far, Cory Booker, Peter Buttgieg, Julian Castro, John Delaney, Tulsi Gabbard, Kirsten Gillibrand, Kamala Harris, John Hickenlooper, Jay Inslee, Amy Klobuchar, Wayne Messam, Robert “Beto” O’Rourke, Tim Ryan,
Bernie Sanders, Eric Swalwell, Elizabeth Warren, Marianne Williamson, and Andrew Yang have joined the race in hopes of winning the nomination for Democrat party’s candidate.

Sanders formed a tax plan to appeal to the people in preparation to win the Democrats nomination. Sanders’ tax plan consists of introducing an expanded estate tax plan “with rates up to 77 percent as he explores another run for the presidency.” Citizens
with an income of $3.5 million to $10 million will receive 45 percent tax, an income of $10 million to $50 million will receive a 50 percent tax, an income of $50 million to $1 billion will receive a 55 percent tax, and an income of more than $1 billion will receive a 77 percent tax.

Another extreme left-wing candidate is Andrew Yang— attempting to take socialism to the next level. His signature move, if he wins the nomination is to assure all Americans receive a universal basic income of $1,000 per month. According to Investopedia, the middle class’ annual salary typically falls in a range between $40,500 and $122,000.

If all Americans receive a universal basic income of $1,000 per month, the middle and upper class are paying for it. Socialism means we would all have the same amount or value of property. This is problematic for present and future generations. Why attend medical school or law school if a surgeon and a person working at McDonalds will both receive $1000 from the government? Why work in general? Without anyone having the motive to work, how is the economy going to remain stable? What happens when farmers and surgeons have no motive to work?

No food or medical care will be the result of this socialism. Socialism is destructive, it has never worked and will never work. Life isn’t easy in Socialist Venezuela. In the country, protesters at political rallies are shot at by their own military. The Venezuelan people are starving due to food shortages. Power outages seem to be everlasting in the country.

Money in the street has no worth due to the country’s failing economy. Yet, the United States’s Democrat party are approaching
this in a different way, “oh that’s sad, let’s bring it to America.”

If socialism, like in Venezuela, is so amazing and capitalism is so horrible then why are organized caravans approaching the capitalist United States?