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Saturday, December 10, 2016

Venezuela seizes 4 million toys for the poor

Bogota, Colombia -- In a socialist feel-good move, the government of Venezuela has seized about 4 million toys from a private company and says it will hand them out as Christmas gifts to poor children this happy holiday season. On "Santa's List" will be the children of the toy factory owner and the families of his workers who are now poor and were counting on the toy sales as income for their families.

The country's fair pricing authority seized the toys Friday from 3 Kreisel warehouses, Venezuela's largest toy distributor. Two company executives were detained on suspicion of promoting price speculation (aka capitalism). They have not been heard from since.

Agency director William Contreras claims the company under-reported its inventory in order to sell some toys at higher prices, but the company has not commented as their head commenter is unavailable for comment.

Socialist authorities said local supply committees [of their choosing] will be in charge of handing out the toys "fairly" to children.

Due to their socialism economy, the country has been in deep economic crisis with food, medicine and goods shortages. But at least now, the government can pretend to care about its people.

The GDP per capita in Venezuela is $15,891 US. Unemployment is above 17% and the average salary is around $20 a month, although the president, Nicolas Madura, makes $46,893 a year.

That's socialism for you.