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Old 11-19-2011, 08:20 AM  
raymor
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Join Date: Oct 2002
Posts: 3,745
"A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."


Today about 45% of Americans get more cash out of the treasury than they pay in taxes, so we're at the tipping point.

Last edited by raymor; 11-19-2011 at 08:25 AM..
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