“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world's greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” DemocracyFiscal PolicyFederal Spending Author:Alexander Fraser Tytler
“Democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasure. From that moment on, the majority always votes for the candidate promising the most benefit from the public treasury, with the result that democracy always collapses over a loose fiscal policy, always to be followed by a dictatorship, and then a monarchy.” MomentsGovernmentFormPoliticsResultsDemocracyPolicyBenefitsVoteMajorityTreasureSocialismPermanentCandidatesThat MomentVotersCollapseDictatorshipMonarchyForms Of GovernmentDemocracies HaveTreasuryVoting And DemocracyFiscal PolicyLargesse Author:Alexander Fraser Tytler
