A Sobering View Of Democracy
According to Alexander Fraser Tyler,
a British contemporary of George Washington:
"A democracy cannot exist as a permanent form of government.
It can exist only until the voters discover they can vote themselves
largesse (defined as a liberal gift) out of the public treasury. From that
moment on, the majority always votes for the candidate promising the most
benefits from the public treasury, with the result that democracy always
collapses over loose fiscal policy, always to be followed by a dictatorship."
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