Seizing money from an entire industry and redistributing it to others signals the death knell:
"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 complacency
From complacency to apathy
From apathy to dependence
From dependence back again into bondage."
This memorable quotation is from Sir Alex Fraser Tytler (1742-1813). Scottish jurist and historian, he was widely known in his time and was professor of Universal History at Edinburgh University in the late 18th century. The Framers based the Federalist Papers on Limited (federal) governance to thwart this decay cycle.
He was, at the time, writing of the fall of the Athenian Republic. When a society bases its political power on a majority vote, it is inevitable that those wishing to have power will seek to satisfy the needs of those who will provide it (vote) by transferring wealth. This leads to ever increasing public spending fueled by the self-interest of producers. With each increment in the common realm, more people are brought into the class of those receiving benefits . . . these people will take their benefits into account, desire to maintain or increase their level of benefits, vote for those who will support them, and thus, the level of spending will ever increase. The needs of the voters will eventually exceed the treasury???s ability, so fiscally unsound policies will be undertaken.









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