Hugo Chávez daughter is the richest individual in Venezuela, report claims (Yay Socialismo!)

"My stock portfolio has gone through the roof!"
“My stock portfolio has gone through the roof! Viva la revolucion!”

This always seems to happen. The socialists at the top of the socialist hierarchy end up with all the loot. Time and time and time again.

What of the proletariat? What of the people?


Invariably socialist countries are also deeply crony. From the Soviet Union, to Hitler’s Germany, to modern China, to even in the “good” socialist countries like Denmark, cronyism is a key part of the system.

(From Fox Latino)

On more than one occasion the late Venezuelan president Hugo Chávez declared that being rich is bad, often adding “Rich people attack me for saying that, but I claim it is bad.”

His favorite daughter, however, may disagree.

According to the Miami-based Diario Las América Venezuelan media sources will soon publish materials showing that María Gabriela Chávez has bank accounts in the U.S. and Andorra with assets totaling nearly $4.2 billion.

If the claim is true, Chávez’s daughter would be the richest person in Venezuela, a country with industrialists like telecommunications magnate Gustavo Cisneros (worth $3.6 billion, according to Forbes) and food and beverage mogul Lorenzo Mendoza ($2.7 billion)…

…Last July, Venezuelan outlets reported that she was involved in a scheme that favored an Argentinean rice company, Bioart, by importing 37,000 tons of greatly overpriced rice to Venezuela – a deal that reportedly contributed $15 million to her personal accounts.

Click here for the article.

Statism always leads to this kind of stuff. Give humans massive governmental power and they will abuse it. Without fail. Always. This is why government should be kept as small as possible.

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