“A democ­racy can­not exist as a per­ma­nent form of gov­ern­ment. It can only exist until the vot­ers dis­cover that they can vote them­selves largess from the pub­lic trea­sury. From that time on the major­ity always votes for the can­di­dates promis­ing the most ben­e­fits from the pub­lic trea­sury, with the results that a democ­racy always collapses […]