web analytics
November 28, 2014 / 6 Kislev, 5775
At a Glance
InDepth
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



The Left: Getting Rich by Fighting for the Poor

Like Chavez, Obama presides over a poorer country whose poor are convinced that he is the only thing standing between them and absolute poverty.
poor_widow

Hugo Chavez’s death was met with tributes from Iran, Bolivia, China and El Salvador. The Western left did not waste much time adding their withered roses to El Comandante’s coffin. George Galloway called him another Spartacus. Jimmy Carter described him as a leader who fought for the “neglected and trampled.” Michael Moore praised him for declaring that the oil belongs to the people.

Whether or not the oil belongs to the people is a matter of some debate considering how much of it seemed to end up in Chavez’s pocket.

Chavez died with an estimated net worth of two billion dollars making him the fourth richest man in Venezuela and the 49th richest man in Latin America. For a while, Chavez weathered attacks from the media empire of Gustavo A. Cisneros, the richest man in Venezuela. Then before the 2004 election, their mutual friend Jimmy Carter brokered an agreement between them. Cisneros’ media stopped criticizing Chavez and both men bent to the task of getting even richer.

While the Bolivarian Spartacus lined his pockets with oil money, Venezuela’s middle-class was struggling to get by in a country where the private sector had imploded. Income increased on paper, but decreased in reality as inflation increases ate the difference. Around the same time that Comrade Hugo was launching the third phase of his Bolivarian Revolution, inflation had decreased household income 8.8 percent while consumer goods prices increased 27 percent.

On his deathbed, Hugo Chavez devalued his country’s currency for the fifth time by 32 percent, after tripling the deficit during his previous term when the national debt had increased by 90 percent. From 2008 to 2011, Chavez’s oil-rich government increased the debt by nearly 50 billion in a country of less than 30 million. That same year, The Economist speculated that Venezuela might go bankrupt.

Chavez had swollen the ranks of Venezuela’s public employees to 2.5 million in a country where the 15-64 population numbered only 18 million. With 1 public employee to every 7 working adults, the entire mess was subsidized by oil exports and debt. When the price of oil fell, only debt was left.

Those public employees became Chavez’s campaign staff with no choice but to vote for him or see their positions wiped out to keep the economy from crashing. And they won him one last election.

The dead tyrant leaves behind the lowest GDP growth rate and highest inflation rate in Latin America. He leaves behind an economy where more than half the population depends on government benefits or government jobs. He leaves behind a giant pile of debt for the people and 2 billion dollars in misappropriated oil money for his heirs.

But we don’t need to look to a leftist banana republic south of the border to see how profitable fighting for the poor can be.

Seven of the 10 richest counties in America are now in the Washington D.C. area. Arlington County alone added $6,000 to its average income in one year alone. D.C. and its bedroom communities got rich at twice the rate of the rest of the country and in the last election; Obama won eight of the 10 richest counties in the country.

Washington D.C. is richer than Silicon Valley. Median income in the D.C. area has hit $84,523 despite the city itself having horrendous unemployment and poverty statistics. The top five percent in D.C. earns 60 percent more than the top 5 percent in other cities and 54 times what the bottom fifth earns in that same city.

This wealth of government money isn’t a rising tide that lifts all boats. Income inequality in Washington D.C. is one of the worst in the nation. For families with children, the income inequality level in D.C. is double the average for the rest of the country.

But when you concentrate the wealth of the land in a single imperial city, then you end up with a sharp gap between the poor and the fighters for the poor. Mid-level jobs are disappearing, but high-level jobs continue to grow. Small businesses are going out of business, but lawyers and consultants are being hired at a breathtaking rate.

Washington D.C. has the highest concentration of lawyers in the country. One out of every 12 city residents is a lawyer. One in 25 of the country’s lawyers lives in Washington D.C. In 2009, the Office of Personnel Management reported that there were 31,797 practicing lawyers in the Federal government earning an average salary of $127,500 a year. Or to put it another way, the taxpayers were spending double Hugo Chavez’s two billion dollar net worth each year just to pay the lawyers.

About the Author: Daniel Greenfield is an Israeli born blogger and columnist, and a Shillman Fellow at the David Horowitz Freedom Center. His work covers American, European and Israeli politics as well as the War on Terror. His writing can be found at http://sultanknish.blogspot.com/. The views expressed in this blog are solely those of the author and do not represent the views of The Jewish Press.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “The Left: Getting Rich by Fighting for the Poor”

  1. Chavez a man of the people? Born in poverty, becomes president and 14 years later dies with a net worth of 2 billion dollars, leaving his country in an economic shambles? What a complete joke. He raped his people for his own gain. I'm sure there is a special place in Hell for him.

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A would-be preacher delivers his message of hate from the Muslim"holy site" on the Temple Mount.
Al Aqsa Mosque ‘Stand-Up’ Preacher Calls for Annihilation of the United States
Latest Indepth Stories
Greiff-112814-Levaya

My son is seventeen; he didn’t want to talk about what happened, or give any details of the Rosh Yeshiva’s words of chizuk.

Protesters in Ferguson, Missouri

All involved in the Ferguson debate should learn the laws pertinent to non-Jews: the Noahide Laws.

Charley Levine

Prominent Jewish leaders acknowledged that their predecessors had mistreated the Bergson Group.

Cravatts-Richard--new

Abbas has been adding new layers of rhetoric to his tactical campaign to de-Judaize Jerusalem

The Jew’s crime is his presence.

Hamas’s love for death tried to have as many Palestinian civilians killed as possible

Israel recognizes the fabrication called a Palestinian nation; So what do we want from the Swedes?

Arab attacking Jews in the land date back a century, long before Israel was created or in control.

Creativity without clarity is not sufficient for writing. I am eternally thankful to Hashem for his gift to me.

Golden presents a compelling saga of poor but determined immigrants who fled pogroms and harsh conditions in their homelands for a better life in a land of opportunity.

It seems to us that while the Jewish entitlement to the land of Israel transcends the Holocaust, the Jewish experience during that tragic time is the most solid of foundations for these “national rights.”

Too many self-styled civil rights activists seemed determined to force, by their relentless pressure, an indictment regardless of what an investigation might turn up.

Unfortunately, at present, the rabbinate does not play a positive role in preventing abuse.

Egypt’s al-Sisi is in an expansionist mood. He wants Israel’s permission to take over Judea and Samaria.

More Articles from Daniel Greenfield
Queen_Carolyn_of_Ladonia-317x350

It’s Time for Israel to Recognize the Royal Republic of Ladonia!

467976-b437d904-1dd3-11e4-96c6-79c9953f9ece

Dead Yazidi children won’t inspire any protests or much in the way of outrage.

It’s because in Gaza, Hamas and the UNRWA are the same thing.

Obama went to begin the Arab Spring in Egypt which is still his target; Israel is just the lever.

It is not Cain’s fault that he kills. It is Abel’s fault that he builds.

No matter what the PLO did, you blamed Israel. Like you blamed America, no matter what the Viet Cong did.

Passover is a road that we still travel, a long journey from slavery to freedom.

Printed from: http://www.jewishpress.com/indepth/columns/daniel-greenfield/the-left-getting-rich-by-fighting-for-the-poor/2013/03/10/

Scan this QR code to visit this page online: