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Old 04-21-2015 | 08:57 AM
  #7802  
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Originally Posted by MikeF16
"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."

--Alexis de Tocqueville

I think we're there.
I agree. Now is probably the time to start preparing for what is coming. The 401k's will be one of the first targets with a much higher withdrawal tax if you are deemed wealthy.
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