The Fall of Rome & Modern Parallels by Leonard Read, Narrated by Stephan Molyeux (video)Submitted by Smaulgld.com on Thu, 11/15/2012 - 21:07
Leonard Read, author of I, Pencil and Founder of the Foundation for Economic Education, wrote a pair of essays more than 30 years ago comparing the decline of the United States with the decline and fall of the Roman Empire.
The culprits causing Rome's decline:-the increasing welfare state and the reliance of the citizenry on it, debasement of the currency, inflation, high taxes & excessive spending
It starts with "taxing the rich" till there are no rich no more, then taxing the middle class until and so on.
Mr. Read's essays are read by Stephan Molyneux in this informative video: