In Venezuela, inflation has now reached the handsome level of 26%.
It's no great economic secret that inflation is a hidden tax, particularly harsh on the poor that all politicians claim to defend. Add to it direct and indirect taxation, and you would come to the conclusion that the average Venezuelan probably takes home no more than 30% of the fruits of his hard labour. Another significant rise in inflation, and he will be close to slavery.
This is what happens when the incompetent govern the ignorant.
