Basing.....Probably good to 15 here. Forward PE = 10.
"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largess from the treasury. From then on, the majority always votes for the candidates promising the most benefits, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's great civilizations has been 200 years. All these now defunct nations have progressed through this sequence:
from bondage to spiritual faith from spiritual faith to great courage from courage to liberty from liberty to abundance from abundance to selfishness from selfishness to complacency from complacency to apathy from apathy to dependency from dependence back again to bondage." -Sir Alex Fraser Tyler