by Steve Pender

The founders accepted democracy only because they had set what they thought were sufficient restrictions to prevent past problems of democracy.

Only white (the same stock as the founders), male (those who bear the cost of land ownership/defense), landowners (skin in the game, proven interest in long-term settlement, majority of taxpayers) could vote in the American “democracy”.

Universal suffrage is provably incompatible with long-term freedom since varying levels of skin in the game create voting arbitrage opportunities for the free-riding side (vote for something that benefits you, at the expense of others who pay higher cost).