How Democracies Tax Themselves to Death

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 candidate promising the most from the public treasury with the results that a democracy always collapses over loose fiscal policy, always followed by dictatorship.

The average age of the world's greatest civilizations has been 200 years. These nations have progressed through the following sequence:

From bondage to spiritual faith

From spiritual faith to great courage,

From courage to liberty,

From liberty to abundance,

From abundance to selfishness,

From selfishness to complacency,

From complacency to apathy,

From apathy to dependency,

From dependency back again into bondage.

The editor wishes to thank Sam Carrubba for sending along this piece of wisdom, along with a folder full of information about the sales tax.