What Will Fail?

It can only exist until a majority of the voters discover they can vote themselves [gifts] from the public treasury. From that moment on the majority always votes for the candidate promising the most benefits from the public treasury, with the result that (it) always collapses over loose fiscal policy (taxing and spending), always followed by a dictatorship. The average life of the world’s greatest civilization has been two hundred years” (Alexander Tyler, 1804)

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