Latest on twitter:
"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship."
Attributed to Alexander Fraser Tytler, Lord Woodhouselee (via bendiken)
(via pims)
I’m baffled trying to imagine the thought process that would have been required to design this setup. It also goes to show that as tax legislation becomes tighter, the market’s methods of avoidance become more and more creative. The Red Queen Effect, perhaps?
jeannr made a flow chart, that we might better understand.
Once upon a time I was falling in love, and now I’m only falling apart.