shane on Nostr: “A Democracy cannot exist as a permanent form of government. It can only exist ...
“A Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote them- selves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from that public treasury, with the result that a democracy will always collapse from a loose fiscal policy (burden of large public debt), always to be followed by a dictatorship.”
Look at the United States projected yearly deficit and growing interest expense on the debt and tell me that quote isn’t foreshadowing
Published at
2023-08-20 16:42:46Event JSON
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"content": "“A Democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote them- selves largess out of the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from that public treasury, with the result that a democracy will always collapse from a loose fiscal policy (burden of large public debt), always to be followed by a dictatorship.”\n\n\nLook at the United States projected yearly deficit and growing interest expense on the debt and tell me that quote isn’t foreshadowing",
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