Bernie Sanders, the socialist who challenged Hillary Clinton in the Democratic primary, is dropping fat cash on a hot new lakefront pad. The income inequality expert reportedly bought a $600,000 “camp” on the Champlain Islands in Vermont last week, which he plans to use as a seasonal getaway locale. -Andrew Stiles
It is a common misconception that socialism is about helping poor people. Actually, what socialism does is create poor people, and keep them poor. And that’s not by accident.
Under capitalism, rich people become powerful. But under socialism, powerful people become rich. When you look at a socialist country like Venezuela, you find that the rulers are fabulously wealthy even as the ordinary citizenry deals with empty supermarket shelves and electricity rationing. -Glenn Reynolds
Want real socialism? Look at Venezuela, an oil-exporting nation that is now dead broke even as the family of its socialist dictator, Hugo Chavez, reportedly somehow inherited billions at his death in 2013. Redistribution of wealth often seems to involve redistributing most of it to the people on top of the socialist pyramid. -Glenn Reynolds
Dominique Strauss-Kahn pictured in €100,000 car, undermining socialist credentials ahead of expected bid for presidency