It is May Day today, and I know some brain donors are celebrating the joys of Marxism, so I will post this reality check, via Moonbattery as to what Communism actually does
When Yolanda Abreu got her check for severance pay after five years working as a cardiologist, she let out a laugh of sheer disbelief: it was barely enough for a cup of coffee.
Like her, millions of Venezuelans have seen their salaries decimated by rampant hyperinflation that is expected to drive prices up by 13,000 percent this year, IMF figures show.
Her story hit the headlines after she tweeted a photo of the check for 156,584.29 bolivars, which equates to about $0.20 on the black market.
You can get a coffee for 20¢ in Venezuela? Not at Starbucks, you can’t. Then again, Starbucks may have to lower its prices after its new racial pandering policies reduce it to a homeless shelter. That’s the March of Progress.
Don’t worry about the inflation in Venezuela. The Workers’ President can fix it by raising the minimum wage some more.
On the eve of International Workers Day, Venezuela’s embattled President Nicolas Maduro moved to double the monthly minimum wage, raising it by 95.4 percent to 2,555,500 bolivars — or $37 (30 euros), according to the central bank’s official DICOM rate.
Boy, that sounds just awesome huh?