Thread by @JewhadiTM

Venezuela was my home, and socialism destroyed it. Slowly, it will destroy America, too. usatoday.com/story/opinion/… via @usatoday

While neither 'Medicare-for-all' nor a wealth tax will turn America into Venezuela overnight, all it would take is a series of catastrophic policies.

All my life I lived under socialism in Venezuela until I left and came to the U.S. as a student in 2016. Since the regime in charge imposed price controls and nationalized the most important private industries, production plummeted.

No wonder I had to wait hours in lines to buy simple products such as toothpaste or flour.

And the shortages went far beyond the supermarket.

My family and I suffered from blackouts and lack of water. The regime nationalized electricity in 2007 in an effort to make electricity “free.” Unsurprisingly, this resulted in underinvestment in the electrical grid. By 2016, my home lost power roughly once a week

Our water situation was even worse. Initially, my family didn’t have running water for only about one day per month, but as the years passed we sometimes went several weeks straight without it.

For all these problems, the regime has blamed an iguana, right-wing sabotage, and even the weather.

The excuses for these shortages were hollow: In reality, Venezuela has the largest proven oil reserves in the world to use for electricity, and three times more fresh water resources per person than the United States.

The real reason my family went without water and electricity was the socialist economy instituted by the dictators Hugo Chavez and Nicolas Maduro.

The welfare programs, many minimum wage hikes, and nationalizations implemented by their regimes resulted in a colossal government deficit that the central bank covered by simply printing more money — leading to rampant inflation.

Now, prices double every few weeks and the standard of living continues to plummet.

I watched what was once one of the richest countries in Latin America gradually fall apart under the weight of big government.

When Chavez took office in 1999, my parents were earning several thousand dollars per month between the two of them. By 2016, due to inflation, they earned less than $2 per day.

If my parents hadn’t fled the country for Spain in 2017, they’d now be earning less than $1 per day, the international definition of extreme poverty. Even now, the inflation rate in Venezuela is expected to reach 10 million percent this year.

Venezuela has become a country where a woeful number of children suffer from malnutrition, and where working two full-time jobs will pay for only six pounds of chicken a month.

Even though so many of us Venezuelans fled to America to escape from the destructive consequences of socialism, liberal politicians like @BernieSanders, @RepJoseSerrano have praised the same kind of policies that produced famine, mass exodus and soaring inflation in Venezuela.

Even worse, in recent weeks, Democratic Representatives @IlhanMN, @RoKhanna, and @TulsiGabbard have mischaracterized the current protests against Maduro and condemned President Trump’s widely-supported moves to help end Maduro’s dictatorship.

Many congressional Dems support “Medicare-for-all” and the "Green New Deal,” proposals that would nationalize the health insurance industry, guarantee everyone who wants it a job...

... and massively raise taxes, increasing gov’t intervention in the economy like few countries except Cuba and Venezuela have seen before.

Proponents think that they can give all Americans quality health care, housing, and everything for free and that somehow politicians can do a better job at running a business than the business owners themselves.

These proposals would skyrocket the budget deficit and national debt, which just reached a record $22 TRILLION. If that is not enough, AOC endorsed paying for the proposal by asking the Federal Reserve to print money. This is exactly what produced Venezuela’s nightmare.

Still, the liberal economist @paulkrugman recently argued in a column that “whenever you see someone invoking Venezuela as a reason not to consider progressive policy ideas, you know right away that the person in question is uninformed, dishonest, or both.”

In his recent State of the Union address, President Donald Trump said: “The United States will never be a socialist country.”

I sincerely hope the president is right, and that every American can resist the lure of false promises — so this great country can always shine above the dark cloud of socialism, and avoid Venezuela’s fate. (Via @DanielDiMartino)