- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess of the public treasury. From that time on the majority always votes for the candidates promising the most benefits from the public treasury, with the results that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.”
(Attributed to) Sir Alexander Fraser Tyler
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No Comments “Notable Quotable”
You might want to check this one out at Snopes.com. This is apparently one of those quotes that’s attained urban legend status.
Thanks for the tip.