Income must meet or exceed outgo. True, but not at all profound.
But this is the methodology(fiscal) by which democracies fail; not the cause of their fated failures.
The basic fallacy of democracy is the notion that most voters are virtuous and intelligent. Neither consideration is true. The devisers of IQ tests say that 25% of our population is plainly mentally deficient. Another 25% ranges from almost deficiemt to almost average. The remaining 50% are average or above.So, about 50% are not able to fully grasp complex issues, particularly when twisted and misrepresented by the media.
As to virtue, when we apply God’s standard, the New Testament, in various samplings, we find that only a tiny minority understand that we must obey Jesus Christ to be saved from Hell and rewarded with Heaven.Consequently, only a tiny minority, four out of each thousand? choose to behave so as to be saved and rewarded. Why should we not detect those four and put them in charge?
