posted by Scott at Powerline
Given that poorer citizens always outnumber the rich, the classic political philosophers held that government based on majority rule was untenable. They were of the view that it would lead to organized theft from the wealthy by the democratic masses. Thus Aristotle warned in The Politics, for example: "If the majority distributes among itself the things of a minority, it is evident that it will destroy the city."
The Founders of the United States were deep students of politics and history, and they shared Aristotle's concern. Up through their time, history had shown all known democracies to be "incompatible with personal security or the rights of property." James Madison and others held that the "first object of government" was to protect the rights of property. Numerous provisions of the Constitution and Bill of Rights were incorporated to protect the property rights of citizens from the power of the government.
Be sure to read it all. More here:Whatever else might be said about him, President Obama operates on a different philosophy of government from that of the Founders. As Michelle Malkin observes, he spoke the most revealing and clarifying 10 words of his administration this week: "I think at some point you have made enough money."