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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (2972)4/15/2015 9:26:40 AM
From: w0z2 Recommendations

Recommended By
3bar
Kirk ©

  Read Replies (1) | Respond to of 26800
 
“A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy.”

Elmer T Peterson

tags: democracy, misattributed-to-de-tocqueville

http://www.goodreads.com/quotes/tag/democracy


P.S. Regarding taxes, Puerto Rico has ZERO capital gains and is a lot warmer than New Zealand:

http://premieroffshore.com/move-puerto-rico-pay-zero-capital-gains-tax/