Re:How This Ends
by zamalek on Sunday May 22, 2022 @12:37PM
(#31470033)
And that's the true danger.
> it's a huge danger once a populace learns it can vote itself money. Charles Munger [1]
(This follows him saying that "inflation is how democracies die" and is followed by several historical examples)
I know several committed voters of the previous administration and an almost universal complaint of the current administration is how their _personal_ wealth is being affected. We don't [yet] have a positive sum economy: in order for someone to win, someone has to lose. In the case of the previous administration, it's future generations.
> it's a huge danger once a populace learns it can vote itself money. Charles Munger [1]
(This follows him saying that "inflation is how democracies die" and is followed by several historical examples)
I know several committed voters of the previous administration and an almost universal complaint of the current administration is how their _personal_ wealth is being affected. We don't [yet] have a positive sum economy: in order for someone to win, someone has to lose. In the case of the previous administration, it's future generations.
[1]: https://youtu.be/GNTczyGLdhc 3:26