Wealthy people used to find democracy frightening. The reason was simple: the poor, once enfranchised, should be expected to soak the rich. This fear bred elite resistance to expanding the franchise, particularly beyond the propertied classes. Nor did this fear, and the reasoning behind it, go unnoticed on the political left.

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Quote text and notes from Wikiquote: Ian Shapiro (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.