On Thu, Oct 04, 2001 at 11:16:35AM -0400, Mike Lorrey wrote:
> Outside of the US, it has been more the rule than the exception that to
> varying degrees, you always get 51% of the people voting to tax 49% of
> the people more than the rest (it even occurs here). Since time
> immemorial, it has always been the rule in democratic systems that this
> was the fatal flaw: that the game was over when the masses figured out
> how to vote themselves bread and circuses.
There's an equillibrium condition that shows up when the tax burden
spreads so widely that a majority of the voters are affected; after a
while they start to vote for tax cuts. As witness the UK during the
1980's and 1990's, or the US more recently.
This archive was generated by hypermail 2b30 : Sat May 11 2002 - 17:44:12 MDT