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[Quote No.41165] Need Area: Money > Tax
"A democracy ...can only exist until a majority of voters discover that they can [vote in big spending politicians who don't worry about how they will have to pay for their promises and thereby] vote themselves largess out of the public treasury [necessitating borrowing and taxing, usually the minorities, more...which ultimately leads to inflation, high interest rates, government bankruptcy and the end of law and social order.]" - Alexander Tytler

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[Quote No.39915] Need Area: Friends > General
"[Each political party's economic credentials and policies should be examined by voters very carefully. And not just for what is in them for their personal benefit. Otherwise the personal freedom and rights that democracy offers can be lost as explained in this quote:] A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship." - Alexander Tytler
Quote from 1797.
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