Panday
2008-07-04 05:40:28
Alexander Tytler may or may not have said,
“A democracy cannot exist as a permanent form of government. It can exist until the voters discover that they can vote themselves largess from the public treasury. From that moment on, the majority always votes for the candidates promising them the most benefits from the public treasury, with the result that a democracy always collapses over loose fiscal policy.”
It’s a very perceptive statement, regardless of its origins.








