Likewise the spurious quote, “The American republic will endure until Congress realizes it can bribe the people with their own money” and its many variations.
And same with the Alexander Tyler (sic) “quote”: “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury.”
The internet has become a petri dish for this kind of stuff. Before, you actually had to pick up a book and read it, the whole thing. If you found a quote you liked, you excerpted it with proper attribution. Now, people just google key words and search for quotes that they believe foots the bill for a particular subject, and then they pray that the source material is accurate. Far too frequently, it isn’t.