Why Nations Decline
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse [gifts] from the public treasury. From that moment on, the majority only votes for 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 — Alexandar Fraser Tytler (1747-1913)”
Quoted by Mitt Romney in No Apology: The Case for American Greatness
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