3) Socialism Destroys Wealth
Venezuela. Until fairly recently, it was the wealthiest country in all of South America. They have the largest proven oil reserves of any nation on Earth, and yet … the nation is spiraling out of control. Its people are desperate and starving (a recent study reported that, on average, Venezuelans have lost 19 lbs each). Its economy has been left in shambles. The reason? Socialism doesn’t produce or even maintain wealth; socialism destroys it.