2019-03-12 20:14:20 UTC
money supply and diluting the value of currency, this is an indirect
form of taxation.
So when you take into account the extreme hyperinflation that Venezuela
is currently experiencing at the hands of the corrupt and incompetent
socialist regime, Venezuelans are effectively being taxed at a rate of 100%.
Just look at how effective the 100% tax rate has been on cutting power
and oil consumption!
PS. When Merkins pull diplomatic staff out of a country, you know the
shit is about to hit the fan.
Life in Venezuela is getting worse by the week. The ruling Socialists
United (PSUV) have failed at every turn to improve the situation.
With money running out due to increasing sanctions on banking activity
within the dollar-finance system, and blocks on PdVSA accounts from
repatriating U.S. crude oil revenues, Venezuela is basically bankrupt.
It has become less hospitable to its citizens. Only those with wads of
dollar bills hiding in lock boxes are getting by. By every estimate, the
migrant crisis out of Venezuela is expected to get worse.
On Monday, videos of Venezuelans carrying jugs of water down by a
riverside should serve as a testament to the fact that PSUVs well, too,
is running dry.