philosophically, because the working "mass" (to quote Alexander Hamilton in the Federalist Papers, 68, I believe) would not have the leisure time to be informed enough to make sensible decisions. i came from a blue collar family where everyone worked 2 FT jobs to make ends meet and making savvy investment decisions was hardly possible. ignoring the lack of financial education and experience, a good sales scam promising you riches after your 16 hour workday with 4 hours of household chores still to do, kids screaming, and no hope in sight, can be highly effective.
that said, look where the electoral college got us!!
so philosophy and reality are different.
in principle i agree, let people decide. in reality that leads to housing bubbles, global warming, donald trump...
that said, look where the electoral college got us!!
so philosophy and reality are different.
in principle i agree, let people decide. in reality that leads to housing bubbles, global warming, donald trump...